Giwe: 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.
Giwe
Largest movements
- Receivables within one year +€23,374
up €23,374 (+20.8%), from €112,542 to €135,916
of which Other amounts receivable: +€23,374
- Other debts +€184,637
up €184,637, from €0 to €184,637
- Reserves -€121,379
down €121,379 (-8.9%), from €1.4m to €1.2m
of which Distributable reserves: -€121,379
- Debts after one year -€22,810
down €22,810 (-52.6%), from €43,330 to €20,520
- Financial income -€88,603
down €88,603 (-39.2%), from €226,295 to €137,692
- Gross operating margin -€13,876
down €13,876 (-57.4%), from €24,188 to €10,312
- Taxes -€9,352
down €9,352 (-42.0%), from €22,287 to €12,935
- Financial charges +€2,366
up €2,366 (+82.1%), from €2,880 to €5,246
- Other operating charges -€295
down €295 (-19.3%), from €1,530 to €1,235
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,750,075 | €1,758,538 | +€8,463 | +0.5% |
| Fixed assets | 21/28 | €1,577,884 | €1,577,756 | -€128 | 0.0% |
| Tangible fixed assets | 22/27 | €2,884 | €2,756 | -€128 | -4.5% |
| Land and buildings | 22 | €2,199 | €1,873 | -€326 | -14.8% |
| Furniture and vehicles | 24 | €686 | €883 | +€197 | +28.8% |
| Financial fixed assets | 28 | €1,575,000 | €1,575,000 | = | 0.0% |
| Current assets | 29/58 | €172,191 | €180,782 | +€8,591 | +5.0% |
| Amounts receivable within one year | 40/41 | €112,542 | €135,916 | +€23,374 | +20.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €112,542 | €135,916 | +€23,374 | +20.8% |
| Cash at bank and in hand | 54/58 | €51,594 | €37,019 | -€14,575 | -28.2% |
| Deferred charges and accrued income | 490/1 | €8,055 | €7,847 | -€208 | -2.6% |
| Total equity and liabilities | 10/49 | €1,750,075 | €1,758,538 | +€8,463 | +0.5% |
| Equity | 10/15 | €1,633,263 | €1,511,884 | -€121,379 | -7.4% |
| Contributions | 10/11 | €153,900 | €153,900 | = | 0.0% |
| Reserves | 13 | €1,356,192 | €1,234,813 | -€121,379 | -8.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,356,192 | €1,234,813 | -€121,379 | -8.9% |
| Profit (loss) carried forward | 14 | €123,171 | €123,171 | = | 0.0% |
| Amounts payable | 17/49 | €116,812 | €246,654 | +€129,842 | +111.2% |
| Amounts payable after more than one year | 17 | €43,330 | €20,520 | -€22,810 | -52.6% |
| Financial debts | 170/4 | €43,330 | €20,520 | -€22,810 | -52.6% |
| Amounts payable within one year | 42/48 | €73,482 | €226,134 | +€152,652 | +207.7% |
| Current portion of amounts payable after more than one year | 42 | €40,054 | €22,810 | -€17,244 | -43.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €167 | €768 | +€601 | +359.3% |
| Suppliers | 440/4 | €167 | €768 | +€601 | +359.3% |
| Taxes, remuneration and social security | 45 | €33,261 | €17,920 | -€15,341 | -46.1% |
| Taxes | 450/3 | €33,261 | €17,920 | -€15,341 | -46.1% |
| Other amounts payable | 47/48 | €0 | €184,637 | +€184,637 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €914 | €967 | +€54 | +5.9% |
| Other operating charges | 640/8 | €1,530 | €1,235 | -€295 | -19.3% |
| Gross operating margin | 9900 | €24,188 | €10,312 | -€13,876 | -57.4% |
| Operating profit (loss) | 9901 | €21,744 | €8,110 | -€13,635 | -62.7% |
| Financial income | 75/76B | €226,295 | €137,692 | -€88,603 | -39.2% |
| Recurring financial income | 75 | €226,295 | €137,692 | -€88,603 | -39.2% |
| Financial charges | 65/66B | €2,880 | €5,246 | +€2,366 | +82.1% |
| Recurring financial charges | 65 | €2,880 | €5,246 | +€2,366 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | €245,159 | €140,556 | -€104,603 | -42.7% |
| Income taxes | 67/77 | €22,287 | €12,935 | -€9,352 | -42.0% |
| Profit (loss) for the period | 9904 | €222,872 | €127,621 | -€95,251 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €222,872 | €127,621 | -€95,251 | -42.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.