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GiTs: what changed

Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.

What changed

GiTs

BE 0700.212.118
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,463
2024 · €31,875-€5,412
Equity
€63,623
2024 · €37,160+€26,463
Cash
€71,156
2024 · €50,886+€20,270
Balance sheet total
€76,421
2024 · €50,886+€25,535

Largest movements

2024 to 2025
Assets
  • Cash +€20,270

    up €20,270 (+39.8%), from €50,886 to €71,156

    mainly Net result for the year (+€26,463) and Other debts (+€1,500)

  • Tangible fixed assets +€5,265

    new in 2025: €5,265

    of which Land and buildings: +€2,956

Equity and liabilities
  • Profit (loss) carried forward +€26,463

    up €26,463 (+85.5%), from €30,960 to €57,423

  • Tax, wage and social debts -€2,428

    down €2,428 (-35.4%), from €6,858 to €4,430

  • Other debts +€1,500

    up €1,500 (+21.8%), from €6,868 to €8,368

Income statement
  • Taxes +€3,291

    up €3,291 (+57.9%), from €5,685 to €8,976

  • Gross operating margin -€1,722

    down €1,722 (-4.5%), from €38,175 to €36,453

  • Depreciation +€395

    new in 2025: €395

From the 2024 result to the 2025 result

effect on the result

Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.

Result 2024 €31,875
Gross operating margin -€1,722
Depreciation -€395
Other operating charges -€14
Financial charges +€10
Taxes -€3,291
Result 2025 €26,463
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€25,930
Investment -€5,660
Financing €0
Cash 2024 €50,886
Net result for the year +€26,463
Depreciation +€395
Tax, wage and social debts -€2,428
Other debts +€1,500
Investment in fixed assets (net) -€5,660
Cash 2025 €71,156
brings cash intakes cash out
Every line side by side 26 lines
Line Code 2024 2025 Change %
Total assets 20/58 €50,886 €76,421 +€25,535 +50.2%
Fixed assets 21/28 - €5,265 +€5,265
Tangible fixed assets 22/27 - €5,265 +€5,265
Land and buildings 22 - €2,956 +€2,956
Furniture and vehicles 24 - €2,309 +€2,309
Current assets 29/58 €50,886 €71,156 +€20,270 +39.8%
Cash at bank and in hand 54/58 €50,886 €71,156 +€20,270 +39.8%
Total equity and liabilities 10/49 €50,886 €76,421 +€25,535 +50.2%
Equity 10/15 €37,160 €63,623 +€26,463 +71.2%
Contributions 10/11 €6,200 €6,200 = 0.0%
Profit (loss) carried forward 14 €30,960 €57,423 +€26,463 +85.5%
Amounts payable 17/49 €13,726 €12,798 -€928 -6.8%
Amounts payable within one year 42/48 €13,726 €12,798 -€928 -6.8%
Taxes, remuneration and social security 45 €6,858 €4,430 -€2,428 -35.4%
Taxes 450/3 €6,858 €4,430 -€2,428 -35.4%
Other amounts payable 47/48 €6,868 €8,368 +€1,500 +21.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €395 +€395
Other operating charges 640/8 €505 €520 +€14 +2.8%
Gross operating margin 9900 €38,175 €36,453 -€1,722 -4.5%
Operating profit (loss) 9901 €37,670 €35,539 -€2,131 -5.7%
Financial charges 65/66B €110 €100 -€10 -9.1%
Recurring financial charges 65 €110 €100 -€10 -9.1%
Profit (loss) for the period before taxes 9903 €37,560 €35,439 -€2,121 -5.6%
Income taxes 67/77 €5,685 €8,976 +€3,291 +57.9%
Profit (loss) for the period 9904 €31,875 €26,463 -€5,412 -17.0%
Profit (loss) for the period to be appropriated 9905 €31,875 €26,463 -€5,412 -17.0%

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.