GAPIMO: 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.
GAPIMO
Largest movements
- Cash +€3,694
up €3,694 (+99.6%), from €3,710 to €7,404
mainly Net result for the year (+€11,244) and Tax, wage and social debts (+€821)
- Receivables within one year +€2,098
up €2,098 (+5.7%), from €36,867 to €38,965
of which Other amounts receivable: +€2,130
- Reserves +€9,141
up €9,141 (+22.8%), from €40,059 to €49,200
of which Distributable reserves: +€11,000
- Other debts -€6,175
no longer reported in 2025 (was €6,175)
- Contributions +€1,859
up €1,859 (+10.0%), from €18,592 to €20,451
- Tax, wage and social debts +€821
up €821 (+14.4%), from €5,688 to €6,509
- Depreciation -€4,251
down €4,251 (-94.0%), from €4,523 to €272
- Gross operating margin -€2,255
down €2,255 (-10.8%), from €20,871 to €18,616
- Financial income +€856
up €856 (+22064.7%), from €4 to €860
- Taxes +€457
up €457 (+8.0%), from €5,721 to €6,178
- Financial charges +€340
up €340 (+246.1%), from €138 to €478
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 | €75,364 | €80,583 | +€5,219 | +6.9% |
| Fixed assets | 21/28 | €530 | €258 | -€272 | -51.4% |
| Tangible fixed assets | 22/27 | €530 | €258 | -€272 | -51.4% |
| Furniture and vehicles | 24 | €530 | €258 | -€272 | -51.4% |
| Current assets | 29/58 | €74,834 | €80,325 | +€5,491 | +7.3% |
| Amounts receivable after more than one year | 29 | €33,956 | €33,956 | = | 0.0% |
| Trade receivables | 290 | - | €33,956 | +€33,956 | |
| Other amounts receivable | 291 | €33,956 | - | -€33,956 | |
| Amounts receivable within one year | 40/41 | €36,867 | €38,965 | +€2,098 | +5.7% |
| Trade receivables | 40 | €3,112 | €3,079 | -€33 | -1.1% |
| Other amounts receivable | 41 | €33,755 | €35,886 | +€2,130 | +6.3% |
| Cash at bank and in hand | 54/58 | €3,710 | €7,404 | +€3,694 | +99.6% |
| Deferred charges and accrued income | 490/1 | €300 | - | -€300 | |
| Total equity and liabilities | 10/49 | €75,364 | €80,583 | +€5,219 | +6.9% |
| Equity | 10/15 | €62,147 | €73,391 | +€11,244 | +18.1% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Reserves | 13 | €40,059 | €49,200 | +€9,141 | +22.8% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €38,200 | €49,200 | +€11,000 | +28.8% |
| Profit (loss) carried forward | 14 | €3,495 | €3,740 | +€244 | +7.0% |
| Amounts payable | 17/49 | €13,217 | €7,192 | -€6,025 | -45.6% |
| Amounts payable within one year | 42/48 | €13,217 | €7,192 | -€6,025 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €342 | - | -€342 | |
| Trade debts | 44 | €1,012 | €683 | -€330 | -32.6% |
| Suppliers | 440/4 | €1,012 | €683 | -€330 | -32.6% |
| Taxes, remuneration and social security | 45 | €5,688 | €6,509 | +€821 | +14.4% |
| Taxes | 450/3 | €5,688 | €6,509 | +€821 | +14.4% |
| Other amounts payable | 47/48 | €6,175 | - | -€6,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,523 | €272 | -€4,251 | -94.0% |
| Other operating charges | 640/8 | €1,267 | €1,304 | +€37 | +2.9% |
| Gross operating margin | 9900 | €20,871 | €18,616 | -€2,255 | -10.8% |
| Operating profit (loss) | 9901 | €15,081 | €17,040 | +€1,959 | +13.0% |
| Financial income | 75/76B | €4 | €860 | +€856 | +22064.7% |
| Recurring financial income | 75 | €4 | €860 | +€856 | +22064.7% |
| Financial charges | 65/66B | €138 | €478 | +€340 | +246.1% |
| Recurring financial charges | 65 | €138 | €478 | +€340 | +246.1% |
| Profit (loss) for the period before taxes | 9903 | €14,947 | €17,422 | +€2,476 | +16.6% |
| Income taxes | 67/77 | €5,721 | €6,178 | +€457 | +8.0% |
| Profit (loss) for the period | 9904 | €9,226 | €11,244 | +€2,018 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,226 | €11,244 | +€2,018 | +21.9% |
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.