Givenco: 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.
Givenco
Largest movements
- Cash +€169,713
up €169,713 (+316.3%), from €53,653 to €223,366
mainly Accrued charges and deferred income (+€89,533) and Trade debts (+€74,131)
- Receivables within one year +€26,261
up €26,261 (+79.1%), from €33,204 to €59,466
of which Trade receivables: +€22,045
- Tangible fixed assets +€8,218
up €8,218 (+25.9%), from €31,720 to €39,938
of which Other tangible fixed assets: +€9,585
- Deferred charges and accrued income +€6,528
up €6,528 (+82.2%), from €7,942 to €14,470
- Accrued charges and deferred income +€89,533
up €89,533 (+1432.5%), from €6,250 to €95,783
- Trade debts +€74,131
up €74,131 (+1001.6%), from €7,402 to €81,533
- Reserves +€47,857
up €47,857 (+70.0%), from €68,343 to €116,200
- Gross operating margin +€36,527
up €36,527 (+50.5%), from €72,261 to €108,787
- Staff costs +€18,317
new in 2025: €18,317
- Taxes +€5,980
up €5,980 (+27.8%), from €21,492 to €27,472
- Depreciation +€2,854
up €2,854 (+55.3%), from €5,157 to €8,011
- Financial charges +€1,219
up €1,219 (+77.8%), from €1,566 to €2,785
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 | €140,144 | €352,228 | +€212,084 | +151.3% |
| Fixed assets | 21/28 | €31,720 | €39,938 | +€8,218 | +25.9% |
| Tangible fixed assets | 22/27 | €31,720 | €39,938 | +€8,218 | +25.9% |
| Plant, machinery and equipment | 23 | €6,347 | €3,139 | -€3,208 | -50.5% |
| Furniture and vehicles | 24 | €3,944 | €5,784 | +€1,841 | +46.7% |
| Other tangible fixed assets | 26 | €21,429 | €31,014 | +€9,585 | +44.7% |
| Current assets | 29/58 | €108,424 | €312,290 | +€203,866 | +188.0% |
| Stocks and contracts in progress | 3 | €13,626 | €14,989 | +€1,364 | +10.0% |
| Stocks | 30/36 | €13,626 | €14,989 | +€1,364 | +10.0% |
| Amounts receivable within one year | 40/41 | €33,204 | €59,466 | +€26,261 | +79.1% |
| Trade receivables | 40 | €33,204 | €55,249 | +€22,045 | +66.4% |
| Other amounts receivable | 41 | - | €4,217 | +€4,217 | |
| Cash at bank and in hand | 54/58 | €53,653 | €223,366 | +€169,713 | +316.3% |
| Deferred charges and accrued income | 490/1 | €7,942 | €14,470 | +€6,528 | +82.2% |
| Total equity and liabilities | 10/49 | €140,144 | €352,228 | +€212,084 | +151.3% |
| Equity | 10/15 | €112,343 | €160,200 | +€47,857 | +42.6% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €68,343 | €116,200 | +€47,857 | +70.0% |
| Distributable reserves | 133 | €68,343 | €116,200 | +€47,857 | +70.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,801 | €192,029 | +€164,228 | +590.7% |
| Amounts payable within one year | 42/48 | €21,551 | €96,245 | +€74,694 | +346.6% |
| Trade debts | 44 | €7,402 | €81,533 | +€74,131 | +1001.6% |
| Suppliers | 440/4 | €7,402 | €81,533 | +€74,131 | +1001.6% |
| Taxes, remuneration and social security | 45 | €12,798 | €14,712 | +€1,915 | +15.0% |
| Taxes | 450/3 | €12,798 | €14,712 | +€1,915 | +15.0% |
| Other amounts payable | 47/48 | €1,352 | €0 | -€1,352 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,250 | €95,783 | +€89,533 | +1432.5% |
| Non-recurring operating income | 76A | - | €13,842 | +€13,842 | |
| Remuneration, social security and pensions | 62 | - | €18,317 | +€18,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,157 | €8,011 | +€2,854 | +55.3% |
| Other operating charges | 640/8 | €641 | €727 | +€85 | +13.3% |
| Gross operating margin | 9900 | €72,261 | €108,787 | +€36,527 | +50.5% |
| Operating profit (loss) | 9901 | €66,462 | €81,733 | +€15,270 | +23.0% |
| Financial income | 75/76B | €125 | €726 | +€602 | +483.0% |
| Recurring financial income | 75 | €125 | €726 | +€602 | +483.0% |
| Financial charges | 65/66B | €1,566 | €2,785 | +€1,219 | +77.8% |
| Recurring financial charges | 65 | €1,566 | €2,785 | +€1,219 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €65,021 | €79,674 | +€14,653 | +22.5% |
| Income taxes | 67/77 | €21,492 | €27,472 | +€5,980 | +27.8% |
| Profit (loss) for the period | 9904 | €43,529 | €52,202 | +€8,674 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,529 | €52,202 | +€8,674 | +19.9% |
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 5 October 2026 via checked.be.