gITs: what changed
Two fiscal 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.
gITs
Largest movements
- Receivables within one year +€37,797
up €37,797 (+130.4%), from €28,992 to €66,789
- Tangible fixed assets -€23,443
down €23,443 (-12.8%), from €183,372 to €159,929
- Cash -€5,375
down €5,375 (-17.5%), from €30,664 to €25,289
mainly Contributions, distributions and other (-€42,000) and Receivables within one year (-€37,797)
- Current investments -€4,990
down €4,990 (-7.4%), from €67,470 to €62,480
- Other debts +€10,319
up €10,319 (+376.5%), from €2,741 to €13,060
- Tax, wage and social debts -€9,919
down €9,919 (-21.5%), from €46,078 to €36,159
of which Taxes: -€8,854
- Reserves +€5,000
up €5,000 (+2.1%), from €233,240 to €238,240
- Gross operating margin -€31,758
down €31,758 (-24.1%), from €132,036 to €100,277
- Taxes -€29,945
down €29,945 (-53.7%), from €55,804 to €25,859
- Financial income -€22,916
down €22,916 (-79.7%), from €28,767 to €5,852
- Financial charges +€4,107
up €4,107 (+87.6%), from €4,689 to €8,796
From the 2024 result to the 2025 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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,420 | €348,257 | +€3,837 | +1.1% |
| Fixed assets | 21/28 | €183,935 | €160,492 | -€23,443 | -12.7% |
| Tangible fixed assets | 22/27 | €183,372 | €159,929 | -€23,443 | -12.8% |
| Other tangible fixed assets | 26 | €183,372 | €159,929 | -€23,443 | -12.8% |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €160,485 | €187,765 | +€27,280 | +17.0% |
| Amounts receivable after more than one year | 29 | €33,359 | €32,818 | -€541 | -1.6% |
| Other amounts receivable | 291 | €33,359 | €32,818 | -€541 | -1.6% |
| Amounts receivable within one year | 40/41 | €28,992 | €66,789 | +€37,797 | +130.4% |
| Trade receivables | 40 | €28,992 | €66,789 | +€37,797 | +130.4% |
| Current investments | 50/53 | €67,470 | €62,480 | -€4,990 | -7.4% |
| Cash at bank and in hand | 54/58 | €30,664 | €25,289 | -€5,375 | -17.5% |
| Deferred charges and accrued income | 490/1 | - | €389 | +€389 | |
| Total equity and liabilities | 10/49 | €344,420 | €348,257 | +€3,837 | +1.1% |
| Equity | 10/15 | €283,984 | €289,481 | +€5,497 | +1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €233,240 | €238,240 | +€5,000 | +2.1% |
| Distributable reserves | 133 | €233,240 | €238,240 | +€5,000 | +2.1% |
| Profit (loss) carried forward | 14 | €38,344 | €38,841 | +€497 | +1.3% |
| Amounts payable | 17/49 | €60,436 | €58,776 | -€1,660 | -2.7% |
| Amounts payable within one year | 42/48 | €60,436 | €58,776 | -€1,660 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €5,076 | €5,729 | +€653 | +12.9% |
| Trade debts | 44 | €6,541 | €3,828 | -€2,713 | -41.5% |
| Suppliers | 440/4 | €6,541 | €3,828 | -€2,713 | -41.5% |
| Taxes, remuneration and social security | 45 | €46,078 | €36,159 | -€9,919 | -21.5% |
| Taxes | 450/3 | €45,013 | €36,159 | -€8,854 | -19.7% |
| Remuneration and social security | 454/9 | €1,065 | - | -€1,065 | |
| Other amounts payable | 47/48 | €2,741 | €13,060 | +€10,319 | +376.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,278 | €23,443 | -€835 | -3.4% |
| Other operating charges | 640/8 | €650 | €534 | -€116 | -17.8% |
| Gross operating margin | 9900 | €132,036 | €100,277 | -€31,758 | -24.1% |
| Operating profit (loss) | 9901 | €107,107 | €76,299 | -€30,808 | -28.8% |
| Financial income | 75/76B | €28,767 | €5,852 | -€22,916 | -79.7% |
| Recurring financial income | 75 | €28,767 | €5,852 | -€22,916 | -79.7% |
| Financial charges | 65/66B | €4,689 | €8,796 | +€4,107 | +87.6% |
| Recurring financial charges | 65 | €4,689 | €8,796 | +€4,107 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €131,186 | €73,356 | -€57,830 | -44.1% |
| Income taxes | 67/77 | €55,804 | €25,859 | -€29,945 | -53.7% |
| Profit (loss) for the period | 9904 | €75,382 | €47,497 | -€27,885 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,382 | €47,497 | -€27,885 | -37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.