GIVATEC: 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.
GIVATEC
Largest movements
- Cash -€373,624
down €373,624 (-93.4%), from €399,928 to €26,304
mainly Receivables within one year (-€313,071) and Contributions, distributions and other (-€200,000)
- Receivables within one year +€313,071
up €313,071 (+146%), from €215,006 to €528,077
of which Other amounts receivable: +€287,900
- Reserves -€73,339
down €73,339 (-16.3%), from €449,224 to €375,885
of which Distributable reserves: -€73,339
- Trade debts +€46,715
up €46,715 (+61.4%), from €76,078 to €122,792
of which Suppliers: +€46,627
- Tax, wage and social debts -€28,104
down €28,104 (-54.5%), from €51,602 to €23,498
of which Remuneration and social security: -€25,731
- Staff costs -€127,771
down €127,771 (-46.5%), from €274,497 to €146,726
- Taxes +€35,033
up €35,033 (+349%), from €10,025 to €45,057
- Gross operating margin +€12,525
up €12,525 (+4.0%), from €310,735 to €323,260
- Financial income -€4,435
down €4,435 (-75.3%), from €5,887 to €1,452
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 | €632,533 | €571,754 | -€60,779 | -9.6% |
| Fixed assets | 21/28 | €9,423 | €4,738 | -€4,685 | -49.7% |
| Tangible fixed assets | 22/27 | €5,796 | €3,838 | -€1,959 | -33.8% |
| Plant, machinery and equipment | 23 | €3,200 | €2,000 | -€1,200 | -37.5% |
| Furniture and vehicles | 24 | €2,596 | €1,838 | -€759 | -29.2% |
| Financial fixed assets | 28 | €3,627 | €900 | -€2,727 | -75.2% |
| Current assets | 29/58 | €623,110 | €567,016 | -€56,094 | -9.0% |
| Amounts receivable within one year | 40/41 | €215,006 | €528,077 | +€313,071 | +146% |
| Trade receivables | 40 | €165,517 | €190,688 | +€25,172 | +15.2% |
| Other amounts receivable | 41 | €49,489 | €337,389 | +€287,900 | +582% |
| Cash at bank and in hand | 54/58 | €399,928 | €26,304 | -€373,624 | -93.4% |
| Deferred charges and accrued income | 490/1 | €8,176 | €12,635 | +€4,459 | +54.5% |
| Total equity and liabilities | 10/49 | €632,533 | €571,754 | -€60,779 | -9.6% |
| Equity | 10/15 | €498,802 | €425,464 | -€73,339 | -14.7% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €449,224 | €375,885 | -€73,339 | -16.3% |
| Tax-exempt reserves | 132 | €14,998 | €14,998 | = | 0.0% |
| Distributable reserves | 133 | €434,226 | €360,887 | -€73,339 | -16.9% |
| Amounts payable | 17/49 | €133,730 | €146,290 | +€12,560 | +9.4% |
| Amounts payable within one year | 42/48 | €131,542 | €146,290 | +€14,748 | +11.2% |
| Trade debts | 44 | €76,078 | €122,792 | +€46,715 | +61.4% |
| Suppliers | 440/4 | €76,078 | €122,705 | +€46,627 | +61.3% |
| Bills of exchange payable | 441 | - | €88 | +€88 | |
| Taxes, remuneration and social security | 45 | €51,602 | €23,498 | -€28,104 | -54.5% |
| Taxes | 450/3 | €21,798 | €19,424 | -€2,374 | -10.9% |
| Remuneration and social security | 454/9 | €29,804 | €4,073 | -€25,731 | -86.3% |
| Other amounts payable | 47/48 | €3,862 | - | -€3,862 | |
| Accrued charges and deferred income | 492/3 | €2,188 | - | -€2,188 | |
| Non-recurring operating income | 76A | €1,721 | - | -€1,721 | |
| Remuneration, social security and pensions | 62 | €274,497 | €146,726 | -€127,771 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,812 | €1,959 | +€147 | +8.1% |
| Other operating charges | 640/8 | €1,589 | €2,714 | +€1,125 | +70.8% |
| Gross operating margin | 9900 | €310,735 | €323,260 | +€12,525 | +4.0% |
| Operating profit (loss) | 9901 | €32,838 | €171,862 | +€139,024 | +423% |
| Financial income | 75/76B | €5,887 | €1,452 | -€4,435 | -75.3% |
| Recurring financial income | 75 | €5,887 | €1,452 | -€4,435 | -75.3% |
| Financial charges | 65/66B | €3,791 | €1,595 | -€2,196 | -57.9% |
| Recurring financial charges | 65 | €3,791 | €1,595 | -€2,196 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €34,934 | €171,719 | +€136,784 | +392% |
| Income taxes | 67/77 | €10,025 | €45,057 | +€35,033 | +349% |
| Profit (loss) for the period | 9904 | €24,910 | €126,661 | +€101,752 | +408% |
| Profit (loss) for the period to be appropriated | 9905 | €24,910 | €126,661 | +€101,752 | +408% |
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 18 October 2026 via checked.be.