GIZEH: 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.
GIZEH
Largest movements
- Receivables within one year -€3,043
down €3,043 (-100.0%), from €3,043 to €0
- Profit (loss) carried forward -€7,947
down €7,947 (-24.4%), from -€32,508 to -€40,455
- Other debts +€6,111
up €6,111 (+9.8%), from €62,070 to €68,181
- Gross operating margin -€3,880
down €3,880 (-137.4%), from -€2,824 to -€6,704
- Other operating charges +€458
up €458 (+87.2%), from €525 to €983
- Financial charges +€103
up €103 (+65.4%), from €158 to €261
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 | €295,085 | €292,051 | -€3,034 | -1.0% |
| Fixed assets | 21/28 | €292,042 | €292,042 | = | 0.0% |
| Intangible fixed assets | 21 | €292,042 | €292,042 | = | 0.0% |
| Current assets | 29/58 | €3,043 | €9 | -€3,034 | -99.7% |
| Amounts receivable within one year | 40/41 | €3,043 | €0 | -€3,043 | -100.0% |
| Other amounts receivable | 41 | €3,043 | €0 | -€3,043 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €9 | +€9 | +45000.0% |
| Total equity and liabilities | 10/49 | €295,085 | €292,051 | -€3,034 | -1.0% |
| Equity | 10/15 | €218,094 | €210,147 | -€7,947 | -3.6% |
| Contributions | 10/11 | €250,602 | €250,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,508 | -€40,455 | -€7,947 | -24.4% |
| Amounts payable | 17/49 | €76,992 | €81,904 | +€4,912 | +6.4% |
| Amounts payable within one year | 42/48 | €76,992 | €81,904 | +€4,912 | +6.4% |
| Financial debts | 43 | €33 | €0 | -€33 | -100.0% |
| Credit institutions | 430/8 | €33 | €0 | -€33 | -100.0% |
| Trade debts | 44 | €14,889 | €13,723 | -€1,166 | -7.8% |
| Suppliers | 440/4 | €14,889 | €13,723 | -€1,166 | -7.8% |
| Other amounts payable | 47/48 | €62,070 | €68,181 | +€6,111 | +9.8% |
| Other operating charges | 640/8 | €525 | €983 | +€458 | +87.2% |
| Gross operating margin | 9900 | -€2,824 | -€6,704 | -€3,880 | -137.4% |
| Operating profit (loss) | 9901 | -€3,349 | -€7,686 | -€4,337 | -129.5% |
| Financial charges | 65/66B | €158 | €261 | +€103 | +65.4% |
| Recurring financial charges | 65 | €158 | €261 | +€103 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,506 | -€7,947 | -€4,441 | -126.6% |
| Profit (loss) for the period | 9904 | -€3,506 | -€7,947 | -€4,441 | -126.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,506 | -€7,947 | -€4,441 | -126.6% |
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 1 October 2026 via checked.be.