GiVa Projects: 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.
GiVa Projects
Largest movements
- Receivables within one year -€166,439
down €166,439 (-74.0%), from €224,856 to €58,417
- Cash -€132,694
down €132,694 (-59.0%), from €224,727 to €92,033
mainly Trade debts (-€225,172) and Stocks and contracts (-€81,142)
- Stocks and contracts +€81,142
up €81,142 (+947%), from €8,569 to €89,711
- Trade debts -€225,172
down €225,172 (-82.8%), from €272,058 to €46,885
- Reserves +€17,452
up €17,452 (+215%), from €8,112 to €25,564
- Tax, wage and social debts -€17,310
down €17,310 (-69.3%), from €24,968 to €7,657
- Other debts +€7,211
up €7,211 (+5.0%), from €144,211 to €151,421
- Gross operating margin +€18,707
up €18,707 (+97.4%), from €19,199 to €37,906
- Financial charges +€6,761
up €6,761 (+78.4%), from €8,622 to €15,384
- Taxes +€2,355
up €2,355 (+116%), from €2,028 to €4,383
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 | €459,347 | €241,528 | -€217,820 | -47.4% |
| Fixed assets | 21/28 | - | €759 | +€759 | |
| Tangible fixed assets | 22/27 | - | €759 | +€759 | |
| Plant, machinery and equipment | 23 | - | €759 | +€759 | |
| Current assets | 29/58 | €459,347 | €240,769 | -€218,578 | -47.6% |
| Stocks and contracts in progress | 3 | €8,569 | €89,711 | +€81,142 | +947% |
| Stocks | 30/36 | €8,569 | €89,711 | +€81,142 | +947% |
| Amounts receivable within one year | 40/41 | €224,856 | €58,417 | -€166,439 | -74.0% |
| Trade receivables | 40 | €224,856 | €58,417 | -€166,439 | -74.0% |
| Cash at bank and in hand | 54/58 | €224,727 | €92,033 | -€132,694 | -59.0% |
| Deferred charges and accrued income | 490/1 | €1,195 | €608 | -€587 | -49.1% |
| Total equity and liabilities | 10/49 | €459,347 | €241,528 | -€217,820 | -47.4% |
| Equity | 10/15 | €18,112 | €35,564 | +€17,452 | +96.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,112 | €25,564 | +€17,452 | +215% |
| Distributable reserves | 133 | €8,112 | €25,564 | +€17,452 | +215% |
| Amounts payable | 17/49 | €441,236 | €205,964 | -€235,272 | -53.3% |
| Amounts payable within one year | 42/48 | €441,236 | €205,964 | -€235,272 | -53.3% |
| Trade debts | 44 | €272,058 | €46,885 | -€225,172 | -82.8% |
| Suppliers | 440/4 | €272,058 | €46,885 | -€225,172 | -82.8% |
| Taxes, remuneration and social security | 45 | €24,968 | €7,657 | -€17,310 | -69.3% |
| Taxes | 450/3 | €24,968 | €7,657 | -€17,310 | -69.3% |
| Other amounts payable | 47/48 | €144,211 | €151,421 | +€7,211 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €26 | +€26 | |
| Other operating charges | 640/8 | €437 | €662 | +€224 | +51.3% |
| Gross operating margin | 9900 | €19,199 | €37,906 | +€18,707 | +97.4% |
| Operating profit (loss) | 9901 | €18,762 | €37,219 | +€18,457 | +98.4% |
| Financial charges | 65/66B | €8,622 | €15,384 | +€6,761 | +78.4% |
| Recurring financial charges | 65 | €8,622 | €15,384 | +€6,761 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | €10,140 | €21,835 | +€11,696 | +115% |
| Income taxes | 67/77 | €2,028 | €4,383 | +€2,355 | +116% |
| Profit (loss) for the period | 9904 | €8,112 | €17,452 | +€9,340 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €8,112 | €17,452 | +€9,340 | +115% |
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.