GIVA: 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.
GIVA
Largest movements
- Tangible fixed assets +€610,561
up €610,561 (+71.5%), from €853,735 to €1.5m
of which Land and buildings: +€1.5m
- Receivables within one year +€77,264
new in 2025: €77,264
- Deferred charges and accrued income +€38,994
up €38,994 (+2234.2%), from €1,745 to €40,739
- Cash -€24,505
down €24,505 (-54.5%), from €44,950 to €20,445
mainly Investment in fixed assets (net) (-€626,596) and Receivables within one year (-€77,264)
- Debts after one year +€422,044
up €422,044 (+49.0%), from €862,023 to €1.3m
- Other debts +€198,850
up €198,850 (+11140.9%), from €1,785 to €200,635
- Current portion of long-term debt +€58,372
up €58,372 (+417.6%), from €13,977 to €72,349
- Gross operating margin +€34,570
up €34,570, from -€2,712 to €31,858
- Depreciation +€16,361
up €16,361 (+3500.2%), from €467 to €16,829
- Financial charges +€12,530
up €12,530 (+5530.9%), from €227 to €12,756
- Other operating charges +€452
up €452 (+88.0%), from €513 to €965
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 | €903,259 | €1,604,780 | +€701,521 | +77.7% |
| Formation expenses | 20 | €2,830 | €2,036 | -€793 | -28.0% |
| Fixed assets | 21/28 | €853,735 | €1,464,296 | +€610,561 | +71.5% |
| Tangible fixed assets | 22/27 | €853,735 | €1,464,296 | +€610,561 | +71.5% |
| Land and buildings | 22 | - | €1,464,296 | +€1.5m | |
| Assets under construction and advance payments | 27 | €853,735 | €0 | -€853,735 | -100.0% |
| Current assets | 29/58 | €46,695 | €138,448 | +€91,753 | +196.5% |
| Amounts receivable within one year | 40/41 | - | €77,264 | +€77,264 | |
| Trade receivables | 40 | - | €77,264 | +€77,264 | |
| Cash at bank and in hand | 54/58 | €44,950 | €20,445 | -€24,505 | -54.5% |
| Deferred charges and accrued income | 490/1 | €1,745 | €40,739 | +€38,994 | +2234.2% |
| Total equity and liabilities | 10/49 | €903,259 | €1,604,780 | +€701,521 | +77.7% |
| Equity | 10/15 | €22,885 | €24,194 | +€1,309 | +5.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,115 | -€5,806 | +€1,309 | +18.4% |
| Amounts payable | 17/49 | €880,374 | €1,580,586 | +€700,212 | +79.5% |
| Amounts payable after more than one year | 17 | €862,023 | €1,284,067 | +€422,044 | +49.0% |
| Financial debts | 170/4 | €862,023 | €1,284,067 | +€422,044 | +49.0% |
| Amounts payable within one year | 42/48 | €17,166 | €287,142 | +€269,976 | +1572.7% |
| Current portion of amounts payable after more than one year | 42 | €13,977 | €72,349 | +€58,372 | +417.6% |
| Trade debts | 44 | €1,353 | €14,158 | +€12,805 | +946.7% |
| Suppliers | 440/4 | €1,353 | €14,158 | +€12,805 | +946.7% |
| Taxes, remuneration and social security | 45 | €51 | €0 | -€51 | -100.0% |
| Taxes | 450/3 | €51 | €0 | -€51 | -100.0% |
| Other amounts payable | 47/48 | €1,785 | €200,635 | +€198,850 | +11140.9% |
| Accrued charges and deferred income | 492/3 | €1,185 | €9,377 | +€8,192 | +691.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €16,829 | +€16,361 | +3500.2% |
| Other operating charges | 640/8 | €513 | €965 | +€452 | +88.0% |
| Gross operating margin | 9900 | -€2,712 | €31,858 | +€34,570 | |
| Operating profit (loss) | 9901 | -€3,693 | €14,065 | +€17,757 | |
| Financial income | 75/76B | €235 | €0 | -€235 | -100.0% |
| Recurring financial income | 75 | €235 | €0 | -€235 | -100.0% |
| Financial charges | 65/66B | €227 | €12,756 | +€12,530 | +5530.9% |
| Recurring financial charges | 65 | €227 | €12,756 | +€12,530 | +5530.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,684 | €1,309 | +€4,993 | |
| Profit (loss) for the period | 9904 | -€3,684 | €1,309 | +€4,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,684 | €1,309 | +€4,993 |
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 8 October 2026 via checked.be.