GITTI: 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.
GITTI
Largest movements
- Current investments +€72,362
up €72,362 (+66.2%), from €109,324 to €181,686
- Receivables within one year -€63,909
down €63,909 (-24.2%), from €264,216 to €200,307
of which Trade receivables: -€66,550
- Stocks and contracts -€43,339
down €43,339 (-67.7%), from €64,035 to €20,696
- Financial fixed assets -€21,677
down €21,677 (-100.0%), from €21,677 to €0
- Cash -€9,163
down €9,163 (-16.4%), from €55,983 to €46,820
mainly Current investments (-€72,362) and Net result for the year (-€29,094)
- Profit (loss) carried forward -€29,094
down €29,094 (-844.5%), from -€3,445 to -€32,540
- Trade debts -€21,202
down €21,202 (-61.9%), from €34,262 to €13,060
- Other debts -€12,300
down €12,300 (-13.8%), from €89,183 to €76,883
- Accrued charges and deferred income -€6,348
down €6,348 (-100.0%), from €6,348 to €0
- Write-downs +€90,044
new in 2025: €90,044
- Gross operating margin +€40,519
up €40,519 (+197.6%), from €20,507 to €61,026
- Financial income +€24,412
up €24,412 (+980.0%), from €2,491 to €26,903
- Financial charges +€22,239
up €22,239 (+569.7%), from €3,904 to €26,142
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 | €517,870 | €449,509 | -€68,361 | -13.2% |
| Fixed assets | 21/28 | €21,677 | €0 | -€21,677 | -100.0% |
| Financial fixed assets | 28 | €21,677 | €0 | -€21,677 | -100.0% |
| Current assets | 29/58 | €496,193 | €449,509 | -€46,684 | -9.4% |
| Stocks and contracts in progress | 3 | €64,035 | €20,696 | -€43,339 | -67.7% |
| Stocks | 30/36 | €64,035 | €20,696 | -€43,339 | -67.7% |
| Amounts receivable within one year | 40/41 | €264,216 | €200,307 | -€63,909 | -24.2% |
| Trade receivables | 40 | €263,807 | €197,257 | -€66,550 | -25.2% |
| Other amounts receivable | 41 | €409 | €3,050 | +€2,641 | +645.6% |
| Current investments | 50/53 | €109,324 | €181,686 | +€72,362 | +66.2% |
| Cash at bank and in hand | 54/58 | €55,983 | €46,820 | -€9,163 | -16.4% |
| Deferred charges and accrued income | 490/1 | €2,634 | €0 | -€2,634 | -100.0% |
| Total equity and liabilities | 10/49 | €517,870 | €449,509 | -€68,361 | -13.2% |
| Equity | 10/15 | €387,721 | €358,627 | -€29,094 | -7.5% |
| Contributions | 10/11 | €334,656 | €334,656 | = | 0.0% |
| Capital | 10 | €334,656 | €334,656 | = | 0.0% |
| Issued capital | 100 | €334,656 | €334,656 | = | 0.0% |
| Reserves | 13 | €56,510 | €56,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,466 | €33,466 | = | 0.0% |
| Legal reserve | 130 | €33,466 | €33,466 | = | 0.0% |
| Distributable reserves | 133 | €23,044 | €23,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,445 | -€32,540 | -€29,094 | -844.5% |
| Amounts payable | 17/49 | €130,149 | €90,883 | -€39,266 | -30.2% |
| Amounts payable within one year | 42/48 | €123,801 | €90,883 | -€32,918 | -26.6% |
| Trade debts | 44 | €34,262 | €13,060 | -€21,202 | -61.9% |
| Suppliers | 440/4 | €34,262 | €13,060 | -€21,202 | -61.9% |
| Taxes, remuneration and social security | 45 | €356 | €940 | +€584 | +163.9% |
| Taxes | 450/3 | €356 | €940 | +€584 | +163.9% |
| Other amounts payable | 47/48 | €89,183 | €76,883 | -€12,300 | -13.8% |
| Accrued charges and deferred income | 492/3 | €6,348 | €0 | -€6,348 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | -€9 | -€9 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €90,044 | +€90,044 | |
| Other operating charges | 640/8 | €1,104 | €846 | -€258 | -23.3% |
| Gross operating margin | 9900 | €20,507 | €61,026 | +€40,519 | +197.6% |
| Operating profit (loss) | 9901 | €19,403 | -€29,856 | -€49,258 | |
| Financial income | 75/76B | €2,491 | €26,903 | +€24,412 | +980.0% |
| Recurring financial income | 75 | €2,491 | €26,903 | +€24,412 | +980.0% |
| Financial charges | 65/66B | €3,904 | €26,142 | +€22,239 | +569.7% |
| Recurring financial charges | 65 | €3,904 | €26,142 | +€22,239 | +569.7% |
| Profit (loss) for the period before taxes | 9903 | €17,990 | -€29,094 | -€47,085 | |
| Profit (loss) for the period | 9904 | €17,990 | -€29,094 | -€47,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,990 | -€29,094 | -€47,085 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.