GADIMO: 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.
GADIMO
Largest movements
- Cash -€37,858
down €37,858 (-59.5%), from €63,577 to €25,719
mainly Investment in fixed assets (net) (-€58,387) and Net result for the year (-€32,426)
- Tangible fixed assets +€25,741
up €25,741 (+3.1%), from €833,179 to €858,920
of which Land and buildings: +€22,116
- Current investments -€25,101
down €25,101 (-24.1%), from €104,073 to €78,972
- Profit (loss) carried forward -€32,426
down €32,426 (-23.7%), from -€136,903 to -€169,328
- Gross operating margin -€39,481
down €39,481 (-82.6%), from €47,809 to €8,328
- Financial income +€3,924
up €3,924 (+215.3%), from €1,822 to €5,746
- Depreciation +€3,859
up €3,859 (+13.4%), from €28,786 to €32,646
- Financial charges -€1,608
down €1,608 (-28.3%), from €5,684 to €4,075
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 | €1,003,816 | €969,513 | -€34,303 | -3.4% |
| Fixed assets | 21/28 | €833,179 | €858,920 | +€25,741 | +3.1% |
| Tangible fixed assets | 22/27 | €833,179 | €858,920 | +€25,741 | +3.1% |
| Land and buildings | 22 | €833,179 | €855,296 | +€22,116 | +2.7% |
| Furniture and vehicles | 24 | - | €3,624 | +€3,624 | |
| Current assets | 29/58 | €170,636 | €110,592 | -€60,044 | -35.2% |
| Amounts receivable within one year | 40/41 | €1,037 | €1,705 | +€668 | +64.4% |
| Trade receivables | 40 | €428 | €755 | +€327 | +76.4% |
| Other amounts receivable | 41 | €609 | €950 | +€341 | +55.9% |
| Current investments | 50/53 | €104,073 | €78,972 | -€25,101 | -24.1% |
| Cash at bank and in hand | 54/58 | €63,577 | €25,719 | -€37,858 | -59.5% |
| Deferred charges and accrued income | 490/1 | €1,949 | €4,197 | +€2,248 | +115.3% |
| Total equity and liabilities | 10/49 | €1,003,816 | €969,513 | -€34,303 | -3.4% |
| Equity | 10/15 | €13,097 | -€19,328 | -€32,426 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,903 | -€169,328 | -€32,426 | -23.7% |
| Amounts payable | 17/49 | €990,718 | €988,841 | -€1,877 | -0.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €988,552 | €986,369 | -€2,183 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,192 | €2,744 | -€449 | -14.1% |
| Suppliers | 440/4 | €3,192 | €2,744 | -€449 | -14.1% |
| Other amounts payable | 47/48 | €985,360 | €983,625 | -€1,735 | -0.2% |
| Accrued charges and deferred income | 492/3 | €2,166 | €2,472 | +€306 | +14.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,786 | €32,646 | +€3,859 | +13.4% |
| Other operating charges | 640/8 | €9,267 | €9,614 | +€347 | +3.7% |
| Gross operating margin | 9900 | €47,809 | €8,328 | -€39,481 | -82.6% |
| Operating profit (loss) | 9901 | €9,756 | -€33,932 | -€43,688 | |
| Financial income | 75/76B | €1,822 | €5,746 | +€3,924 | +215.3% |
| Recurring financial income | 75 | €1,822 | €5,746 | +€3,924 | +215.3% |
| Financial charges | 65/66B | €5,684 | €4,075 | -€1,608 | -28.3% |
| Recurring financial charges | 65 | €5,684 | €4,075 | -€1,608 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €5,895 | -€32,261 | -€38,155 | |
| Income taxes | 67/77 | €199 | €165 | -€34 | -16.9% |
| Profit (loss) for the period | 9904 | €5,696 | -€32,426 | -€38,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,696 | -€32,426 | -€38,122 |
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 28 September 2026 via checked.be.