GIVILO: 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.
GIVILO
Largest movements
- Current investments -€94,072
down €94,072 (-52.5%), from €179,055 to €84,983
- Receivables within one year +€17,885
up €17,885 (+51.1%), from €35,007 to €52,892
of which Trade receivables: +€17,885
- Cash -€16,746
down €16,746 (-28.9%), from €57,999 to €41,253
mainly Contributions, distributions and other (-€250,640) and Receivables within one year (-€17,885)
- Profit (loss) carried forward -€250,640
down €250,640 (-100%), from €250,640 to €0
- Reserves +€112,847
new in 2025: €112,847
- Tax, wage and social debts +€35,515
up €35,515 (+526%), from €6,752 to €42,267
- Other debts +€9,283
up €9,283 (+282%), from €3,293 to €12,576
- Financial income +€52,553
up €52,553 (+6,717%), from €782 to €53,335
- Gross operating margin +€44,520
up €44,520 (+63.0%), from €70,631 to €115,151
- Taxes +€28,641
up €28,641 (+210%), from €13,642 to €42,283
- Depreciation +€1,724
up €1,724 (+17.1%), from €10,074 to €11,799
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 | €295,633 | €204,274 | -€91,359 | -30.9% |
| Fixed assets | 21/28 | €18,777 | €20,211 | +€1,434 | +7.6% |
| Tangible fixed assets | 22/27 | €18,777 | €20,211 | +€1,434 | +7.6% |
| Land and buildings | 22 | €1,584 | €1,162 | -€422 | -26.7% |
| Furniture and vehicles | 24 | €17,192 | €19,049 | +€1,857 | +10.8% |
| Current assets | 29/58 | €276,856 | €184,063 | -€92,793 | -33.5% |
| Amounts receivable within one year | 40/41 | €35,007 | €52,892 | +€17,885 | +51.1% |
| Trade receivables | 40 | €35,007 | €52,892 | +€17,885 | +51.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €179,055 | €84,983 | -€94,072 | -52.5% |
| Cash at bank and in hand | 54/58 | €57,999 | €41,253 | -€16,746 | -28.9% |
| Deferred charges and accrued income | 490/1 | €4,795 | €4,935 | +€140 | +2.9% |
| Total equity and liabilities | 10/49 | €295,633 | €204,274 | -€91,359 | -30.9% |
| Equity | 10/15 | €271,045 | €133,252 | -€137,793 | -50.8% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | - | €112,847 | +€112,847 | |
| Distributable reserves | 133 | - | €112,847 | +€112,847 | |
| Profit (loss) carried forward | 14 | €250,640 | €0 | -€250,640 | -100% |
| Amounts payable | 17/49 | €24,588 | €71,023 | +€46,435 | +189% |
| Amounts payable within one year | 42/48 | €24,588 | €71,023 | +€46,435 | +189% |
| Trade debts | 44 | €14,543 | €16,180 | +€1,637 | +11.3% |
| Suppliers | 440/4 | €14,543 | €16,180 | +€1,637 | +11.3% |
| Taxes, remuneration and social security | 45 | €6,752 | €42,267 | +€35,515 | +526% |
| Taxes | 450/3 | €6,752 | €42,267 | +€35,515 | +526% |
| Other amounts payable | 47/48 | €3,293 | €12,576 | +€9,283 | +282% |
| Remuneration, social security and pensions | 62 | €1,703 | €774 | -€929 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,074 | €11,799 | +€1,724 | +17.1% |
| Other operating charges | 640/8 | €644 | €518 | -€126 | -19.6% |
| Gross operating margin | 9900 | €70,631 | €115,151 | +€44,520 | +63.0% |
| Operating profit (loss) | 9901 | €58,209 | €102,060 | +€43,851 | +75.3% |
| Financial income | 75/76B | €782 | €53,335 | +€52,553 | +6,717% |
| Recurring financial income | 75 | €782 | €53,335 | +€52,553 | +6,717% |
| Financial charges | 65/66B | €35 | €266 | +€230 | +654% |
| Recurring financial charges | 65 | €35 | €266 | +€230 | +654% |
| Profit (loss) for the period before taxes | 9903 | €58,956 | €155,129 | +€96,174 | +163% |
| Income taxes | 67/77 | €13,642 | €42,283 | +€28,641 | +210% |
| Profit (loss) for the period | 9904 | €45,314 | €112,847 | +€67,533 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €45,314 | €112,847 | +€67,533 | +149% |
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.