Givaco: 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.
Givaco
Largest movements
- Cash -€50,844
down €50,844 (-40.9%), from €124,322 to €73,478
mainly Contributions, distributions and other (-€179,373) and Receivables within one year (-€43,380)
- Receivables within one year +€43,380
up €43,380 (+84.2%), from €51,527 to €94,907
of which Trade receivables: +€51,173
- Stocks and contracts +€3,320
up €3,320 (+10.5%), from €31,680 to €35,000
- Deferred charges and accrued income +€2,842
up €2,842 (+13.9%), from €20,394 to €23,236
- Intangible fixed assets -€2,462
down €2,462 (-54.9%), from €4,488 to €2,026
- Tax, wage and social debts -€11,964
down €11,964 (-17.5%), from €68,187 to €56,223
- Trade debts +€5,691
up €5,691 (+24.6%), from €23,088 to €28,779
- Gross operating margin -€4,574
down €4,574 (-1.9%), from €245,486 to €240,912
- Other operating charges -€3,446
down €3,446 (-82.4%), from €4,180 to €734
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 | €246,196 | €239,992 | -€6,204 | -2.5% |
| Fixed assets | 21/28 | €18,274 | €13,371 | -€4,902 | -26.8% |
| Intangible fixed assets | 21 | €4,488 | €2,026 | -€2,462 | -54.9% |
| Tangible fixed assets | 22/27 | €13,785 | €11,345 | -€2,440 | -17.7% |
| Land and buildings | 22 | €9,633 | €8,354 | -€1,279 | -13.3% |
| Furniture and vehicles | 24 | €3,240 | €2,183 | -€1,057 | -32.6% |
| Other tangible fixed assets | 26 | €913 | €808 | -€105 | -11.4% |
| Current assets | 29/58 | €227,923 | €226,621 | -€1,302 | -0.6% |
| Stocks and contracts in progress | 3 | €31,680 | €35,000 | +€3,320 | +10.5% |
| Contracts in progress | 37 | €31,680 | €35,000 | +€3,320 | +10.5% |
| Amounts receivable within one year | 40/41 | €51,527 | €94,907 | +€43,380 | +84.2% |
| Trade receivables | 40 | €10,827 | €62,000 | +€51,173 | +472.6% |
| Other amounts receivable | 41 | €40,700 | €32,906 | -€7,793 | -19.1% |
| Cash at bank and in hand | 54/58 | €124,322 | €73,478 | -€50,844 | -40.9% |
| Deferred charges and accrued income | 490/1 | €20,394 | €23,236 | +€2,842 | +13.9% |
| Total equity and liabilities | 10/49 | €246,196 | €239,992 | -€6,204 | -2.5% |
| Equity | 10/15 | €2,723 | €2,500 | -€223 | -8.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €223 | €0 | -€223 | -100.0% |
| Distributable reserves | 133 | €223 | €0 | -€223 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €243,473 | €237,492 | -€5,981 | -2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €243,473 | €237,492 | -€5,981 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €2,138 | €0 | -€2,138 | -100.0% |
| Financial debts | 43 | €23 | €24 | +€1 | +4.4% |
| Credit institutions | 430/8 | €23 | €24 | +€1 | +4.4% |
| Trade debts | 44 | €23,088 | €28,779 | +€5,691 | +24.6% |
| Suppliers | 440/4 | €23,088 | €28,779 | +€5,691 | +24.6% |
| Taxes, remuneration and social security | 45 | €68,187 | €56,223 | -€11,964 | -17.5% |
| Taxes | 450/3 | €68,187 | €56,223 | -€11,964 | -17.5% |
| Other amounts payable | 47/48 | €150,037 | €152,467 | +€2,430 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,875 | €4,902 | +€27 | +0.6% |
| Other operating charges | 640/8 | €4,180 | €734 | -€3,446 | -82.4% |
| Gross operating margin | 9900 | €245,486 | €240,912 | -€4,574 | -1.9% |
| Operating profit (loss) | 9901 | €236,431 | €235,275 | -€1,156 | -0.5% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €1,814 | €295 | -€1,519 | -83.7% |
| Recurring financial charges | 65 | €1,814 | €295 | -€1,519 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | €234,629 | €234,979 | +€351 | +0.1% |
| Income taxes | 67/77 | €58,115 | €55,830 | -€2,285 | -3.9% |
| Profit (loss) for the period | 9904 | €176,514 | €179,150 | +€2,636 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €176,514 | €179,150 | +€2,636 | +1.5% |
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 12 October 2026 via checked.be.