GIV CONSULTANCY & xWARE: 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.
GIV CONSULTANCY & xWARE
Largest movements
- Cash -€29,487
down €29,487 (-21.9%), from €134,510 to €105,023
mainly Contributions, distributions and other (-€111,018)
- Receivables within one year -€18,487
down €18,487 (-11.8%), from €156,113 to €137,626
of which Other amounts receivable: -€19,150
- Tangible fixed assets -€11,984
down €11,984 (-31.4%), from €38,205 to €26,221
of which Furniture and vehicles: -€11,501
- Reserves -€66,912
down €66,912 (-22.1%), from €302,165 to €235,253
of which Distributable reserves: -€66,912
- Tax, wage and social debts +€5,392
up €5,392 (+25.2%), from €21,380 to €26,772
- Gross operating margin -€9,655
down €9,655 (-11.6%), from €83,534 to €73,879
- Taxes -€2,782
down €2,782 (-11.6%), from €24,046 to €21,264
- Financial income +€2,282
up €2,282 (+177%), from €1,288 to €3,571
- Depreciation -€937
down €937 (-7.3%), from €12,921 to €11,984
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 | €330,568 | €269,725 | -€60,843 | -18.4% |
| Fixed assets | 21/28 | €38,205 | €26,221 | -€11,984 | -31.4% |
| Tangible fixed assets | 22/27 | €38,205 | €26,221 | -€11,984 | -31.4% |
| Plant, machinery and equipment | 23 | €1,129 | €646 | -€484 | -42.8% |
| Furniture and vehicles | 24 | €37,076 | €25,575 | -€11,501 | -31.0% |
| Current assets | 29/58 | €292,363 | €243,504 | -€48,859 | -16.7% |
| Amounts receivable within one year | 40/41 | €156,113 | €137,626 | -€18,487 | -11.8% |
| Trade receivables | 40 | €121 | €784 | +€663 | +548% |
| Other amounts receivable | 41 | €155,992 | €136,842 | -€19,150 | -12.3% |
| Cash at bank and in hand | 54/58 | €134,510 | €105,023 | -€29,487 | -21.9% |
| Deferred charges and accrued income | 490/1 | €1,741 | €856 | -€885 | -50.8% |
| Total equity and liabilities | 10/49 | €330,568 | €269,725 | -€60,843 | -18.4% |
| Equity | 10/15 | €308,365 | €241,453 | -€66,912 | -21.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,165 | €235,253 | -€66,912 | -22.1% |
| Tax-exempt reserves | 132 | €11,406 | €11,406 | = | 0.0% |
| Distributable reserves | 133 | €290,758 | €223,846 | -€66,912 | -23.0% |
| Amounts payable | 17/49 | €22,203 | €28,272 | +€6,069 | +27.3% |
| Amounts payable within one year | 42/48 | €22,203 | €28,272 | +€6,069 | +27.3% |
| Trade debts | 44 | €823 | €1,501 | +€677 | +82.3% |
| Suppliers | 440/4 | €823 | €1,501 | +€677 | +82.3% |
| Taxes, remuneration and social security | 45 | €21,380 | €26,772 | +€5,392 | +25.2% |
| Taxes | 450/3 | €21,380 | €26,772 | +€5,392 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,921 | €11,984 | -€937 | -7.3% |
| Gross operating margin | 9900 | €83,534 | €73,879 | -€9,655 | -11.6% |
| Operating profit (loss) | 9901 | €70,613 | €61,894 | -€8,718 | -12.3% |
| Financial income | 75/76B | €1,288 | €3,571 | +€2,282 | +177% |
| Recurring financial income | 75 | €1,288 | €3,571 | +€2,282 | +177% |
| Financial charges | 65/66B | €97 | €95 | -€2 | -1.9% |
| Recurring financial charges | 65 | €97 | €95 | -€2 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €71,804 | €65,370 | -€6,434 | -9.0% |
| Income taxes | 67/77 | €24,046 | €21,264 | -€2,782 | -11.6% |
| Profit (loss) for the period | 9904 | €47,759 | €44,106 | -€3,653 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,759 | €44,106 | -€3,653 | -7.6% |
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 29 October 2026 via checked.be.