GENERAL IMPORT ASSOCIATION: 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.
GENERAL IMPORT ASSOCIATION
Largest movements
- Receivables within one year +€12,001
up €12,001 (+12.7%), from €94,173 to €106,174
- Cash -€7,184
down €7,184 (-14.8%), from €48,480 to €41,296
mainly Trade debts (-€14,774) and Receivables within one year (-€12,001)
- Tax, wage and social debts +€22,944
up €22,944 (+63.4%), from €36,206 to €59,151
of which Taxes: +€20,853
- Trade debts -€14,774
down €14,774 (-5.7%), from €257,867 to €243,093
- Gross operating margin -€24,003
down €24,003 (-21.4%), from €112,157 to €88,154
- Staff costs +€5,798
up €5,798 (+8.4%), from €68,737 to €74,536
- Taxes +€1,916
up €1,916 (+23.6%), from €8,120 to €10,035
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 | €269,743 | €275,485 | +€5,742 | +2.1% |
| Fixed assets | 21/28 | €1,553 | €862 | -€690 | -44.5% |
| Tangible fixed assets | 22/27 | €1,553 | €862 | -€690 | -44.5% |
| Plant, machinery and equipment | 23 | €1,553 | €862 | -€690 | -44.5% |
| Current assets | 29/58 | €268,190 | €274,622 | +€6,432 | +2.4% |
| Stocks and contracts in progress | 3 | €125,537 | €127,152 | +€1,615 | +1.3% |
| Stocks | 30/36 | €125,537 | €127,152 | +€1,615 | +1.3% |
| Amounts receivable within one year | 40/41 | €94,173 | €106,174 | +€12,001 | +12.7% |
| Other amounts receivable | 41 | €94,173 | €106,174 | +€12,001 | +12.7% |
| Cash at bank and in hand | 54/58 | €48,480 | €41,296 | -€7,184 | -14.8% |
| Total equity and liabilities | 10/49 | €269,743 | €275,485 | +€5,742 | +2.1% |
| Equity | 10/15 | -€24,331 | -€26,759 | -€2,428 | -10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,531 | -€32,959 | -€2,428 | -8.0% |
| Amounts payable | 17/49 | €294,074 | €302,244 | +€8,170 | +2.8% |
| Amounts payable within one year | 42/48 | €294,074 | €302,244 | +€8,170 | +2.8% |
| Trade debts | 44 | €257,867 | €243,093 | -€14,774 | -5.7% |
| Suppliers | 440/4 | €257,867 | €243,093 | -€14,774 | -5.7% |
| Taxes, remuneration and social security | 45 | €36,206 | €59,151 | +€22,944 | +63.4% |
| Taxes | 450/3 | €19,269 | €40,122 | +€20,853 | +108% |
| Remuneration and social security | 454/9 | €16,937 | €19,029 | +€2,091 | +12.3% |
| Remuneration, social security and pensions | 62 | €68,737 | €74,536 | +€5,798 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €690 | = | 0.0% |
| Other operating charges | 640/8 | €3,843 | €4,242 | +€399 | +10.4% |
| Gross operating margin | 9900 | €112,157 | €88,154 | -€24,003 | -21.4% |
| Operating profit (loss) | 9901 | €38,886 | €8,686 | -€30,200 | -77.7% |
| Financial income | 75/76B | €159 | €2 | -€157 | -98.7% |
| Recurring financial income | 75 | €159 | €2 | -€157 | -98.7% |
| Financial charges | 65/66B | €1,004 | €1,081 | +€77 | +7.7% |
| Recurring financial charges | 65 | €1,004 | €1,081 | +€77 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €38,041 | €7,607 | -€30,434 | -80.0% |
| Income taxes | 67/77 | €8,120 | €10,035 | +€1,916 | +23.6% |
| Profit (loss) for the period | 9904 | €29,922 | -€2,428 | -€32,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,922 | -€2,428 | -€32,350 |
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 16 October 2026 via checked.be.