GHELIMMO: 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.
GHELIMMO
Largest movements
- Tangible fixed assets -€91,779
down €91,779 (-7.5%), from €1.2m to €1.1m
of which Land and buildings: -€57,998
- Cash +€18,333
up €18,333 (+172.0%), from €10,656 to €28,989
mainly Depreciation (+€94,216) and Trade debts (+€1,941)
- Other debts -€59,018
down €59,018 (-4.6%), from €1.3m to €1.2m
- Profit (loss) carried forward -€16,624
down €16,624 (-38.7%), from -€42,948 to -€59,571
- Depreciation +€19,705
up €19,705 (+26.4%), from €74,511 to €94,216
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 | €1,243,064 | €1,169,364 | -€73,700 | -5.9% |
| Formation expenses | 20 | €6,137 | €7,669 | +€1,532 | +25.0% |
| Fixed assets | 21/28 | €1,223,861 | €1,132,082 | -€91,779 | -7.5% |
| Tangible fixed assets | 22/27 | €1,223,861 | €1,132,082 | -€91,779 | -7.5% |
| Land and buildings | 22 | €1,069,789 | €1,011,790 | -€57,998 | -5.4% |
| Plant, machinery and equipment | 23 | €154,072 | €120,292 | -€33,781 | -21.9% |
| Current assets | 29/58 | €13,067 | €29,613 | +€16,546 | +126.6% |
| Amounts receivable within one year | 40/41 | €1,851 | - | -€1,851 | |
| Trade receivables | 40 | €1,851 | - | -€1,851 | |
| Cash at bank and in hand | 54/58 | €10,656 | €28,989 | +€18,333 | +172.0% |
| Deferred charges and accrued income | 490/1 | €559 | €624 | +€65 | +11.5% |
| Total equity and liabilities | 10/49 | €1,243,064 | €1,169,364 | -€73,700 | -5.9% |
| Equity | 10/15 | -€35,179 | -€51,802 | -€16,624 | -47.3% |
| Contributions | 10/11 | €7,769 | €7,769 | = | 0.0% |
| Outside capital | 11 | €7,769 | - | -€7,769 | |
| Other | 1109/19 | €7,769 | - | -€7,769 | |
| Profit (loss) carried forward | 14 | -€42,948 | -€59,571 | -€16,624 | -38.7% |
| Amounts payable | 17/49 | €1,278,243 | €1,221,166 | -€57,077 | -4.5% |
| Amounts payable within one year | 42/48 | €1,278,243 | €1,221,166 | -€57,077 | -4.5% |
| Trade debts | 44 | - | €1,941 | +€1,941 | |
| Suppliers | 440/4 | €0 | €1,941 | +€1,941 | |
| Other amounts payable | 47/48 | €1,278,243 | €1,219,225 | -€59,018 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,511 | €94,216 | +€19,705 | +26.4% |
| Other operating charges | 640/8 | €17,660 | €17,815 | +€155 | +0.9% |
| Gross operating margin | 9900 | €96,150 | €95,557 | -€593 | -0.6% |
| Operating profit (loss) | 9901 | €3,980 | -€16,474 | -€20,453 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €3,845 | -€16,624 | -€20,468 | |
| Profit (loss) for the period | 9904 | €3,845 | -€16,624 | -€20,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,845 | -€16,624 | -€20,468 |
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 7 October 2026 via checked.be.