GITS JAN: 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.
GITS JAN
Largest movements
- Current investments +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Cash -€7,255
down €7,255 (-70.4%), from €10,304 to €3,049
mainly Current investments (-€20,000) and Other debts (-€3,451)
- Deferred charges and accrued income +€2,149
up €2,149 (+241%), from €891 to €3,041
- Profit (loss) carried forward +€19,085
up €19,085 (+28.6%), from €66,788 to €85,873
- Other debts -€3,451
down €3,451 (-77.0%), from €4,483 to €1,032
- Depreciation -€11,551
down €11,551 (-100%), from €11,551 to €0
- Financial income +€850
up €850 (+198%), from €430 to €1,280
- Gross operating margin -€794
down €794 (-3.6%), from €21,753 to €20,959
- Other operating charges -€677
down €677 (-19.6%), from €3,451 to €2,775
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,957 | €135,233 | +€15,276 | +12.7% |
| Fixed assets | 21/28 | €58,762 | €58,762 | = | 0.0% |
| Tangible fixed assets | 22/27 | €58,762 | €58,762 | = | 0.0% |
| Land and buildings | 22 | €58,762 | €58,762 | = | 0.0% |
| Current assets | 29/58 | €61,195 | €76,471 | +€15,276 | +25.0% |
| Amounts receivable within one year | 40/41 | €0 | €382 | +€382 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €382 | +€382 | |
| Current investments | 50/53 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €10,304 | €3,049 | -€7,255 | -70.4% |
| Deferred charges and accrued income | 490/1 | €891 | €3,041 | +€2,149 | +241% |
| Total equity and liabilities | 10/49 | €119,957 | €135,233 | +€15,276 | +12.7% |
| Equity | 10/15 | €114,947 | €134,032 | +€19,085 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,559 | €29,559 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €26,460 | €26,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,788 | €85,873 | +€19,085 | +28.6% |
| Amounts payable | 17/49 | €5,010 | €1,201 | -€3,809 | -76.0% |
| Amounts payable within one year | 42/48 | €4,921 | €1,201 | -€3,720 | -75.6% |
| Trade debts | 44 | €326 | €126 | -€200 | -61.3% |
| Suppliers | 440/4 | €326 | €126 | -€200 | -61.3% |
| Taxes, remuneration and social security | 45 | €112 | €43 | -€69 | -61.5% |
| Taxes | 450/3 | €112 | €43 | -€69 | -61.5% |
| Other amounts payable | 47/48 | €4,483 | €1,032 | -€3,451 | -77.0% |
| Accrued charges and deferred income | 492/3 | €89 | €0 | -€89 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,551 | €0 | -€11,551 | -100% |
| Other operating charges | 640/8 | €3,451 | €2,775 | -€677 | -19.6% |
| Gross operating margin | 9900 | €21,753 | €20,959 | -€794 | -3.6% |
| Operating profit (loss) | 9901 | €6,750 | €18,184 | +€11,434 | +169% |
| Financial income | 75/76B | €430 | €1,280 | +€850 | +198% |
| Recurring financial income | 75 | €430 | €1,280 | +€850 | +198% |
| Financial charges | 65/66B | €406 | €379 | -€27 | -6.6% |
| Recurring financial charges | 65 | €406 | €379 | -€27 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €6,773 | €19,085 | +€12,311 | +182% |
| Income taxes | 67/77 | €129 | €0 | -€129 | -100% |
| Profit (loss) for the period | 9904 | €6,644 | €19,085 | +€12,440 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €6,644 | €19,085 | +€12,440 | +187% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.