GIZMO: 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.
GIZMO
Largest movements
- Cash +€35,279
up €35,279 (+29.2%), from €120,697 to €155,976
mainly Depreciation (+€37,942) and Accrued charges and deferred income (+€21,226)
- Tangible fixed assets -€30,936
down €30,936 (-8.1%), from €380,938 to €350,002
of which Land and buildings: -€29,191
- Receivables within one year -€17,552
down €17,552 (-13.6%), from €128,694 to €111,142
of which Trade receivables: -€15,788
- Deferred charges and accrued income -€8,516
down €8,516 (-27.3%), from €31,215 to €22,699
- Stocks and contracts -€7,499
down €7,499 (-33.8%), from €22,165 to €14,666
- Accrued charges and deferred income +€21,226
up €21,226 (+204.4%), from €10,385 to €31,611
- Other debts -€14,169
down €14,169 (-7.5%), from €188,863 to €174,694
- Debts after one year -€11,211
down €11,211 (-36.0%), from €31,182 to €19,971
- Reserves -€9,479
down €9,479 (-3.0%), from €318,575 to €309,095
of which Distributable reserves: -€6,203
- Tax, wage and social debts -€7,426
down €7,426 (-21.9%), from €33,972 to €26,546
of which Taxes: -€7,932
- Gross operating margin -€6,029
down €6,029 (-2.5%), from €237,262 to €231,234
- Staff costs +€4,997
up €4,997 (+3.1%), from €162,702 to €167,699
- Taxes -€4,433
down €4,433 (-36.5%), from €12,131 to €7,698
- Financial charges -€4,194
down €4,194 (-20.8%), from €20,176 to €15,982
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 | €683,708 | €654,484 | -€29,224 | -4.3% |
| Fixed assets | 21/28 | €380,938 | €350,002 | -€30,936 | -8.1% |
| Tangible fixed assets | 22/27 | €380,938 | €350,002 | -€30,936 | -8.1% |
| Land and buildings | 22 | €371,677 | €342,486 | -€29,191 | -7.9% |
| Plant, machinery and equipment | 23 | €175 | €3,121 | +€2,946 | +1686.0% |
| Furniture and vehicles | 24 | €9,086 | €4,394 | -€4,692 | -51.6% |
| Current assets | 29/58 | €302,771 | €304,483 | +€1,712 | +0.6% |
| Stocks and contracts in progress | 3 | €22,165 | €14,666 | -€7,499 | -33.8% |
| Stocks | 30/36 | €22,165 | €14,666 | -€7,499 | -33.8% |
| Amounts receivable within one year | 40/41 | €128,694 | €111,142 | -€17,552 | -13.6% |
| Trade receivables | 40 | €123,849 | €108,061 | -€15,788 | -12.7% |
| Other amounts receivable | 41 | €4,845 | €3,082 | -€1,763 | -36.4% |
| Cash at bank and in hand | 54/58 | €120,697 | €155,976 | +€35,279 | +29.2% |
| Deferred charges and accrued income | 490/1 | €31,215 | €22,699 | -€8,516 | -27.3% |
| Total equity and liabilities | 10/49 | €683,708 | €654,484 | -€29,224 | -4.3% |
| Equity | 10/15 | €337,175 | €327,695 | -€9,479 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,575 | €309,095 | -€9,479 | -3.0% |
| Tax-exempt reserves | 132 | €26,208 | €22,932 | -€3,276 | -12.5% |
| Distributable reserves | 133 | €292,367 | €286,163 | -€6,203 | -2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €13,501 | €11,814 | -€1,688 | -12.5% |
| Deferred taxes | 168 | €13,501 | €11,814 | -€1,688 | -12.5% |
| Amounts payable | 17/49 | €333,032 | €314,975 | -€18,057 | -5.4% |
| Amounts payable after more than one year | 17 | €31,182 | €19,971 | -€11,211 | -36.0% |
| Financial debts | 170/4 | €31,182 | €19,971 | -€11,211 | -36.0% |
| Amounts payable within one year | 42/48 | €291,465 | €263,394 | -€28,072 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €12,460 | €12,055 | -€406 | -3.3% |
| Trade debts | 44 | €56,170 | €50,099 | -€6,071 | -10.8% |
| Suppliers | 440/4 | €56,170 | €50,099 | -€6,071 | -10.8% |
| Taxes, remuneration and social security | 45 | €33,972 | €26,546 | -€7,426 | -21.9% |
| Taxes | 450/3 | €15,742 | €7,810 | -€7,932 | -50.4% |
| Remuneration and social security | 454/9 | €18,230 | €18,736 | +€506 | +2.8% |
| Other amounts payable | 47/48 | €188,863 | €174,694 | -€14,169 | -7.5% |
| Accrued charges and deferred income | 492/3 | €10,385 | €31,611 | +€21,226 | +204.4% |
| Remuneration, social security and pensions | 62 | €162,702 | €167,699 | +€4,997 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,801 | €37,942 | +€141 | +0.4% |
| Other operating charges | 640/8 | €4,930 | €4,370 | -€560 | -11.4% |
| Gross operating margin | 9900 | €237,262 | €231,234 | -€6,029 | -2.5% |
| Operating profit (loss) | 9901 | €31,829 | €21,223 | -€10,607 | -33.3% |
| Financial income | 75/76B | €1,635 | €790 | -€844 | -51.6% |
| Recurring financial income | 75 | €1,635 | €790 | -€844 | -51.6% |
| Financial charges | 65/66B | €20,176 | €15,982 | -€4,194 | -20.8% |
| Recurring financial charges | 65 | €20,176 | €15,982 | -€4,194 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €13,288 | €6,031 | -€7,257 | -54.6% |
| Transfer from deferred taxes | 780 | €6,751 | €1,688 | -€5,063 | -75.0% |
| Income taxes | 67/77 | €12,131 | €7,698 | -€4,433 | -36.5% |
| Profit (loss) for the period | 9904 | €7,908 | €21 | -€7,887 | -99.7% |
| Transfer from tax-exempt reserves | 789 | €13,104 | €3,276 | -€9,828 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,012 | €3,297 | -€17,715 | -84.3% |
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 3 October 2026 via checked.be.