GANDIMMO: 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.
GANDIMMO
Largest movements
- Tangible fixed assets -€24,170
down €24,170 (-2.7%), from €899,340 to €875,170
- Debts after one year -€58,999
down €58,999 (-27.1%), from €217,599 to €158,600
of which Financial debts: -€58,999
- Current portion of long-term debt +€39,112
up €39,112 (+396%), from €9,886 to €48,998
- Profit (loss) carried forward +€12,833
up €12,833 (+9.2%), from -€139,185 to -€126,352
- Reserves -€9,890
down €9,890 (-3.0%), from €328,357 to €318,467
of which Tax-exempt reserves: -€9,890
- Gross operating margin +€16,524
up €16,524 (+114%), from €14,534 to €31,058
- Turnover +€1,098
up €1,098 (+3.4%), from €32,568 to €33,666
- Other operating charges +€519
up €519 (+25.2%), from €2,060 to €2,579
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 | €900,598 | €879,092 | -€21,506 | -2.4% |
| Fixed assets | 21/28 | €899,340 | €875,170 | -€24,170 | -2.7% |
| Tangible fixed assets | 22/27 | €899,340 | €875,170 | -€24,170 | -2.7% |
| Land and buildings | 22 | €899,340 | €875,170 | -€24,170 | -2.7% |
| Current assets | 29/58 | €1,258 | €3,922 | +€2,664 | +212% |
| Cash at bank and in hand | 54/58 | €1,258 | €3,874 | +€2,616 | +208% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €900,598 | €879,092 | -€21,506 | -2.4% |
| Equity | 10/15 | €566,401 | €569,344 | +€2,943 | +0.5% |
| Contributions | 10/11 | €377,229 | €377,229 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Contributions outside capital | 11 | €5,389 | €5,389 | = | 0.0% |
| Share premium | 1100/10 | €5,389 | €5,389 | = | 0.0% |
| Reserves | 13 | €328,357 | €318,467 | -€9,890 | -3.0% |
| Non-distributable reserves | 130/1 | €20,542 | €20,542 | = | 0.0% |
| Legal reserve | 130 | €20,542 | €20,542 | = | 0.0% |
| Tax-exempt reserves | 132 | €307,815 | €297,925 | -€9,890 | -3.2% |
| Profit (loss) carried forward | 14 | -€139,185 | -€126,352 | +€12,833 | +9.2% |
| Provisions and deferred taxes | 16 | €102,605 | €99,308 | -€3,297 | -3.2% |
| Deferred taxes | 168 | €102,605 | €99,308 | -€3,297 | -3.2% |
| Amounts payable | 17/49 | €231,592 | €210,440 | -€21,152 | -9.1% |
| Amounts payable after more than one year | 17 | €217,599 | €158,600 | -€58,999 | -27.1% |
| Financial debts | 170/4 | €215,599 | €156,600 | -€58,999 | -27.4% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,177 | €51,078 | +€38,901 | +319% |
| Current portion of amounts payable after more than one year | 42 | €9,886 | €48,998 | +€39,112 | +396% |
| Taxes, remuneration and social security | 45 | €1,791 | €2,080 | +€289 | +16.1% |
| Taxes | 450/3 | €1,791 | €2,080 | +€289 | +16.1% |
| Other amounts payable | 47/48 | €500 | - | -€500 | |
| Accrued charges and deferred income | 492/3 | €1,816 | €762 | -€1,054 | -58.0% |
| Turnover | 70 | €32,568 | €33,666 | +€1,098 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,170 | €24,170 | = | 0.0% |
| Other operating charges | 640/8 | €2,060 | €2,579 | +€519 | +25.2% |
| Gross operating margin | 9900 | €14,534 | €31,058 | +€16,524 | +114% |
| Operating profit (loss) | 9901 | -€11,696 | €4,309 | +€16,005 | |
| Financial charges | 65/66B | €4,900 | €4,664 | -€236 | -4.8% |
| Recurring financial charges | 65 | €4,900 | €4,664 | -€236 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,596 | -€355 | +€16,241 | +97.9% |
| Transfer from deferred taxes | 780 | €3,297 | €3,297 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,299 | €2,942 | +€16,241 | |
| Transfer from tax-exempt reserves | 789 | €9,891 | €9,891 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,408 | €12,833 | +€16,241 |
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 15 October 2026 via checked.be.