GIVADO: 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.
GIVADO
Largest movements
- Receivables within one year +€8,096
up €8,096 (+22.1%), from €36,623 to €44,719
of which Other amounts receivable: +€6,150
- Tangible fixed assets -€6,358
down €6,358 (-31.2%), from €20,356 to €13,997
of which Plant, machinery and equipment: -€6,369
- Tax, wage and social debts +€3,184
up €3,184 (+46.9%), from €6,788 to €9,972
of which Taxes: +€3,331
- Trade debts -€1,774
down €1,774 (-8.6%), from €20,586 to €18,812
- Short-term financial debts +€1,419
up €1,419 (+367.2%), from €387 to €1,806
- Profit (loss) carried forward -€1,380
down €1,380, from €0 to -€1,380
- Gross operating margin -€20,432
down €20,432 (-40.3%), from €50,664 to €30,231
- Taxes -€5,205
down €5,205 (-86.6%), from €6,012 to €807
- Staff costs +€1,988
up €1,988 (+11.4%), from €17,360 to €19,348
- Financial charges +€860
up €860 (+73.3%), from €1,173 to €2,033
- Financial income +€508
up €508 (+33.0%), from €1,541 to €2,049
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 | €125,739 | €127,188 | +€1,449 | +1.2% |
| Fixed assets | 21/28 | €20,356 | €13,997 | -€6,358 | -31.2% |
| Tangible fixed assets | 22/27 | €20,356 | €13,997 | -€6,358 | -31.2% |
| Land and buildings | 22 | €1,008 | €733 | -€276 | -27.3% |
| Plant, machinery and equipment | 23 | €16,299 | €9,931 | -€6,369 | -39.1% |
| Furniture and vehicles | 24 | €3,048 | €3,333 | +€286 | +9.4% |
| Current assets | 29/58 | €105,383 | €113,191 | +€7,808 | +7.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,000 | €7,000 | = | 0.0% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,623 | €44,719 | +€8,096 | +22.1% |
| Trade receivables | 40 | €25,494 | €27,441 | +€1,947 | +7.6% |
| Other amounts receivable | 41 | €11,128 | €17,278 | +€6,150 | +55.3% |
| Cash at bank and in hand | 54/58 | €1,760 | €1,472 | -€289 | -16.4% |
| Total equity and liabilities | 10/49 | €125,739 | €127,188 | +€1,449 | +1.2% |
| Equity | 10/15 | €94,977 | €93,598 | -€1,380 | -1.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €76,427 | €76,427 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €74,572 | €74,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,380 | -€1,380 | |
| Amounts payable | 17/49 | €30,761 | €33,590 | +€2,829 | +9.2% |
| Amounts payable within one year | 42/48 | €30,761 | €33,590 | +€2,829 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Financial debts | 43 | €387 | €1,806 | +€1,419 | +367.2% |
| Credit institutions | 430/8 | €387 | €1,806 | +€1,419 | +367.2% |
| Trade debts | 44 | €20,586 | €18,812 | -€1,774 | -8.6% |
| Suppliers | 440/4 | €20,586 | €18,812 | -€1,774 | -8.6% |
| Taxes, remuneration and social security | 45 | €6,788 | €9,972 | +€3,184 | +46.9% |
| Taxes | 450/3 | €6,037 | €9,368 | +€3,331 | +55.2% |
| Remuneration and social security | 454/9 | €751 | €604 | -€148 | -19.6% |
| Remuneration, social security and pensions | 62 | €17,360 | €19,348 | +€1,988 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,051 | €8,570 | -€481 | -5.3% |
| Other operating charges | 640/8 | €2,642 | €2,902 | +€260 | +9.8% |
| Gross operating margin | 9900 | €50,664 | €30,231 | -€20,432 | -40.3% |
| Operating profit (loss) | 9901 | €21,610 | -€589 | -€22,199 | |
| Financial income | 75/76B | €1,541 | €2,049 | +€508 | +33.0% |
| Recurring financial income | 75 | €1,541 | €2,049 | +€508 | +33.0% |
| Financial charges | 65/66B | €1,173 | €2,033 | +€860 | +73.3% |
| Recurring financial charges | 65 | €1,173 | €2,033 | +€860 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €21,978 | -€573 | -€22,551 | |
| Income taxes | 67/77 | €6,012 | €807 | -€5,205 | -86.6% |
| Profit (loss) for the period | 9904 | €15,966 | -€1,380 | -€17,346 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,966 | -€1,380 | -€17,346 |
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 9 October 2026 via checked.be.