GAVIMMO: 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.
What changed
GAVIMMO
NACE 81.100, Combined facilities support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€115,170
2024 · €128,357-€13,187
Equity
€4.9m
2024 · €5.2m-€284,830
Cash
€87,617
2024 · €374,752-€287,135
Balance sheet total
€6.0m
2024 · €6.4m-€389,845
Largest movements
Assets
- Cash -€287,135
down €287,135 (-76.6%), from €374,752 to €87,617
mainly Contributions, distributions and other (-€400,000) and Investment in fixed assets (net) (-€81,920)
- Tangible fixed assets -€101,143
down €101,143 (-2.5%), from €4.0m to €3.9m
of which Land and buildings: -€97,212
Equity and liabilities
- Profit (loss) carried forward -€290,589
down €290,589 (-29.3%), from €992,807 to €702,218
Income statement
- Gross operating margin -€37,760
down €37,760 (-10.5%), from €360,908 to €323,149
- Provisions -€32,000
down €32,000 (-106.7%), from -€30,000 to -€62,000
- Other operating charges +€25,043
up €25,043 (+39.0%), from €64,234 to €89,276
- Depreciation -€20,691
down €20,691 (-10.2%), from €203,754 to €183,064
- Financial income -€6,267
down €6,267 (-11.8%), from €52,903 to €46,636
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.
Result 2024
€128,357
Gross operating margin
-€37,760
Depreciation
+€20,691
Provisions
+€32,000
Other operating charges
-€25,043
Financial income
-€6,267
Financial charges
-€1,205
Taxes
+€4,395
Result 2025
€115,170
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.
From operations
+€194,785
Investment
-€81,920
Financing
-€400,000
Cash 2024
€374,752
From operations (derived)
+€194,785
Net result for the year
+€115,170
Depreciation
+€183,064
Receivables within one year
-€7,740
Deferred charges and accrued income
+€9,306
Provisions
-€62,000
Trade debts
-€45,982
Smaller working-capital items
-€54
Accrued charges and deferred income
+€3,022
Investment (derived)
-€81,920
Investment in fixed assets (net)
-€81,920
Financing
-€400,000
Contributions, distributions and other
-€400,000
Cash 2025
€87,617
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,380,159 | €5,990,314 | -€389,845 | -6.1% |
| Fixed assets | 21/28 | €4,003,207 | €3,902,064 | -€101,143 | -2.5% |
| Tangible fixed assets | 22/27 | €4,003,207 | €3,902,064 | -€101,143 | -2.5% |
| Land and buildings | 22 | €3,993,256 | €3,896,044 | -€97,212 | -2.4% |
| Plant, machinery and equipment | 23 | €3,878 | €0 | -€3,878 | -100.0% |
| Furniture and vehicles | 24 | €6,073 | €6,020 | -€53 | -0.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,376,952 | €2,088,250 | -€288,701 | -12.1% |
| Amounts receivable within one year | 40/41 | €772,425 | €780,164 | +€7,740 | +1.0% |
| Trade receivables | 40 | €72,839 | €72,288 | -€551 | -0.8% |
| Other amounts receivable | 41 | €699,585 | €707,876 | +€8,291 | +1.2% |
| Current investments | 50/53 | €1,200,000 | €1,200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €374,752 | €87,617 | -€287,135 | -76.6% |
| Deferred charges and accrued income | 490/1 | €29,776 | €20,469 | -€9,306 | -31.3% |
| Total equity and liabilities | 10/49 | €6,380,159 | €5,990,314 | -€389,845 | -6.1% |
| Equity | 10/15 | €5,187,665 | €4,902,835 | -€284,830 | -5.5% |
| Contributions | 10/11 | €3,250,000 | €3,250,000 | = | 0.0% |
| Capital | 10 | €3,250,000 | €3,250,000 | = | 0.0% |
| Issued capital | 100 | €3,250,000 | €3,250,000 | = | 0.0% |
| Reserves | 13 | €944,858 | €950,617 | +€5,758 | +0.6% |
| Non-distributable reserves | 130/1 | €64,490 | €70,249 | +€5,758 | +8.9% |
| Legal reserve | 130 | €64,490 | €70,249 | +€5,758 | +8.9% |
| Tax-exempt reserves | 132 | €854,598 | €854,598 | = | 0.0% |
| Distributable reserves | 133 | €25,769 | €25,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | €992,807 | €702,218 | -€290,589 | -29.3% |
| Provisions and deferred taxes | 16 | €624,866 | €562,866 | -€62,000 | -9.9% |
| Provisions for liabilities and charges | 160/5 | €340,000 | €278,000 | -€62,000 | -18.2% |
| Major repairs and maintenance | 162 | - | €258,000 | +€258,000 | |
| Other liabilities and charges | 164/5 | €340,000 | €20,000 | -€320,000 | -94.1% |
| Deferred taxes | 168 | €284,866 | €284,866 | = | 0.0% |
| Amounts payable | 17/49 | €567,628 | €524,613 | -€43,014 | -7.6% |
| Amounts payable within one year | 42/48 | €549,686 | €503,650 | -€46,036 | -8.4% |
| Trade debts | 44 | €94,256 | €48,275 | -€45,982 | -48.8% |
| Suppliers | 440/4 | €94,256 | €48,275 | -€45,982 | -48.8% |
| Taxes, remuneration and social security | 45 | €5,918 | €4,922 | -€997 | -16.8% |
| Taxes | 450/3 | €5,918 | €4,922 | -€997 | -16.8% |
| Other amounts payable | 47/48 | €449,511 | €450,453 | +€942 | +0.2% |
| Accrued charges and deferred income | 492/3 | €17,942 | €20,964 | +€3,022 | +16.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,754 | €183,064 | -€20,691 | -10.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | -€62,000 | -€32,000 | -106.7% |
| Other operating charges | 640/8 | €64,234 | €89,276 | +€25,043 | +39.0% |
| Gross operating margin | 9900 | €360,908 | €323,149 | -€37,760 | -10.5% |
| Operating profit (loss) | 9901 | €122,920 | €112,809 | -€10,111 | -8.2% |
| Financial income | 75/76B | €52,903 | €46,636 | -€6,267 | -11.8% |
| Recurring financial income | 75 | €52,903 | €46,636 | -€6,267 | -11.8% |
| Financial charges | 65/66B | €307 | €1,512 | +€1,205 | +392.2% |
| Recurring financial charges | 65 | €307 | €1,512 | +€1,205 | +392.2% |
| Profit (loss) for the period before taxes | 9903 | €175,516 | €157,933 | -€17,583 | -10.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €47,159 | €42,763 | -€4,395 | -9.3% |
| Profit (loss) for the period | 9904 | €128,357 | €115,170 | -€13,187 | -10.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €128,357 | €115,170 | -€13,187 | -10.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.