Gittip: 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.
Gittip
Largest movements
- Receivables after one year +€505,305
up €505,305 (+119%), from €425,605 to €930,910
- Receivables within one year +€248,939
up €248,939 (+136%), from €182,868 to €431,807
of which Other amounts receivable: +€149,864
- Current investments +€190,771
up €190,771 (+224%), from €85,000 to €275,771
- Cash +€121,739
up €121,739 (+64.6%), from €188,350 to €310,089
mainly Net result for the year (+€932,070) and Current portion of long-term debt (+€118,465)
- Tangible fixed assets -€96,311
down €96,311 (-95.9%), from €100,387 to €4,076
of which Land and buildings: -€94,129
- Profit (loss) carried forward +€960,665
up €960,665, from €0 to €960,665
- Reserves -€271,263
down €271,263 (-29.5%), from €918,764 to €647,502
of which Distributable reserves: -€242,667
- Current portion of long-term debt +€118,465
up €118,465 (+765%), from €15,486 to €133,951
- Other debts +€92,533
up €92,533 (+3,101%), from €2,984 to €95,517
- Debts after one year +€48,153
up €48,153 (+130%), from €36,900 to €85,054
- Financial income +€257,838
up €257,838 (+50.3%), from €512,310 to €770,148
- Gross operating margin +€123,714
up €123,714 (+108%), from €114,228 to €237,942
- Other operating charges -€6,609
down €6,609 (-70.9%), from €9,318 to €2,709
- Financial charges -€5,592
down €5,592 (-59.1%), from €9,465 to €3,872
- Taxes +€5,516
up €5,516 (+8.2%), from €67,388 to €72,904
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.
Derived cash bridge
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 | €1,072,863 | €2,037,133 | +€964,270 | +89.9% |
| Fixed assets | 21/28 | €132,807 | €36,496 | -€96,311 | -72.5% |
| Tangible fixed assets | 22/27 | €100,387 | €4,076 | -€96,311 | -95.9% |
| Land and buildings | 22 | €94,129 | €0 | -€94,129 | -100% |
| Furniture and vehicles | 24 | €6,258 | €4,076 | -€2,181 | -34.9% |
| Financial fixed assets | 28 | €32,420 | €32,420 | = | 0.0% |
| Current assets | 29/58 | €940,056 | €2,000,637 | +€1.1m | +113% |
| Amounts receivable after more than one year | 29 | €425,605 | €930,910 | +€505,305 | +119% |
| Other amounts receivable | 291 | €425,605 | €930,910 | +€505,305 | +119% |
| Amounts receivable within one year | 40/41 | €182,868 | €431,807 | +€248,939 | +136% |
| Trade receivables | 40 | €97,987 | €197,062 | +€99,075 | +101% |
| Other amounts receivable | 41 | €84,881 | €234,745 | +€149,864 | +177% |
| Current investments | 50/53 | €85,000 | €275,771 | +€190,771 | +224% |
| Cash at bank and in hand | 54/58 | €188,350 | €310,089 | +€121,739 | +64.6% |
| Deferred charges and accrued income | 490/1 | €58,233 | €52,060 | -€6,173 | -10.6% |
| Total equity and liabilities | 10/49 | €1,072,863 | €2,037,133 | +€964,270 | +89.9% |
| Equity | 10/15 | €964,264 | €1,653,667 | +€689,403 | +71.5% |
| Contributions | 10/11 | €45,500 | €45,500 | = | 0.0% |
| Reserves | 13 | €918,764 | €647,502 | -€271,263 | -29.5% |
| Tax-exempt reserves | 132 | €28,595 | €0 | -€28,595 | -100% |
| Distributable reserves | 133 | €890,169 | €647,502 | -€242,667 | -27.3% |
| Profit (loss) carried forward | 14 | €0 | €960,665 | +€960,665 | |
| Provisions and deferred taxes | 16 | €7,149 | €0 | -€7,149 | -100% |
| Deferred taxes | 168 | €7,149 | €0 | -€7,149 | -100% |
| Amounts payable | 17/49 | €101,450 | €383,466 | +€282,016 | +278% |
| Amounts payable after more than one year | 17 | €36,900 | €85,054 | +€48,153 | +130% |
| Financial debts | 170/4 | €36,900 | €85,054 | +€48,153 | +130% |
| Amounts payable within one year | 42/48 | €40,256 | €274,663 | +€234,407 | +582% |
| Current portion of amounts payable after more than one year | 42 | €15,486 | €133,951 | +€118,465 | +765% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,700 | €7,490 | +€1,789 | +31.4% |
| Suppliers | 440/4 | €5,700 | €7,490 | +€1,789 | +31.4% |
| Taxes, remuneration and social security | 45 | €16,085 | €37,705 | +€21,620 | +134% |
| Taxes | 450/3 | €16,085 | €37,705 | +€21,620 | +134% |
| Other amounts payable | 47/48 | €2,984 | €95,517 | +€92,533 | +3,101% |
| Accrued charges and deferred income | 492/3 | €24,294 | €23,750 | -€545 | -2.2% |
| Non-recurring operating income | 76A | - | €9,701 | +€9,701 | |
| Remuneration, social security and pensions | 62 | €809 | €197 | -€612 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,744 | €2,181 | -€3,562 | -62.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,150 | €0 | +€5,150 | |
| Other operating charges | 640/8 | €9,318 | €2,709 | -€6,609 | -70.9% |
| Non-recurring operating charges | 66A | - | €1,305 | +€1,305 | |
| Gross operating margin | 9900 | €114,228 | €237,942 | +€123,714 | +108% |
| Operating profit (loss) | 9901 | €103,508 | €231,550 | +€128,042 | +124% |
| Financial income | 75/76B | €512,310 | €770,148 | +€257,838 | +50.3% |
| Recurring financial income | 75 | €512,310 | €770,148 | +€257,838 | +50.3% |
| Financial charges | 65/66B | €9,465 | €3,872 | -€5,592 | -59.1% |
| Recurring financial charges | 65 | €9,465 | €3,872 | -€5,592 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €606,353 | €997,826 | +€391,473 | +64.6% |
| Transfer from deferred taxes | 780 | €300 | €7,149 | +€6,849 | +2,283% |
| Income taxes | 67/77 | €67,388 | €72,904 | +€5,516 | +8.2% |
| Profit (loss) for the period | 9904 | €539,265 | €932,070 | +€392,805 | +72.8% |
| Transfer from tax-exempt reserves | 789 | €1,200 | €28,595 | +€27,395 | +2,283% |
| Profit (loss) for the period to be appropriated | 9905 | €540,465 | €960,665 | +€420,200 | +77.7% |
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 13 October 2026 via checked.be.