GI Med: 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.
GI Med
Largest movements
- Cash +€19,994
up €19,994 (+23.5%), from €85,028 to €105,022
mainly Net result for the year (+€15,666) and Receivables within one year (+€5,091)
- Receivables within one year -€5,091
down €5,091 (-19.2%), from €26,523 to €21,432
- Tangible fixed assets +€1,444
up €1,444 (+272.1%), from €531 to €1,975
of which Land and buildings: +€1,882
- Reserves +€15,666
up €15,666 (+24.6%), from €63,599 to €79,265
- Other debts +€2,320
up €2,320 (+6.3%), from €37,029 to €39,349
- Current portion of long-term debt -€1,509
no longer reported in 2025 (was €1,509)
- Depreciation -€17,694
down €17,694 (-97.2%), from €18,206 to €511
- Taxes +€4,099
up €4,099 (+183.5%), from €2,235 to €6,334
- Gross operating margin -€2,651
down €2,651 (-10.4%), from €25,452 to €22,801
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 | €115,255 | €131,850 | +€16,595 | +14.4% |
| Fixed assets | 21/28 | €531 | €1,975 | +€1,444 | +272.1% |
| Tangible fixed assets | 22/27 | €531 | €1,975 | +€1,444 | +272.1% |
| Land and buildings | 22 | - | €1,882 | +€1,882 | |
| Furniture and vehicles | 24 | €531 | €92 | -€438 | -82.6% |
| Current assets | 29/58 | €114,724 | €129,875 | +€15,151 | +13.2% |
| Amounts receivable within one year | 40/41 | €26,523 | €21,432 | -€5,091 | -19.2% |
| Other amounts receivable | 41 | €26,523 | €21,432 | -€5,091 | -19.2% |
| Cash at bank and in hand | 54/58 | €85,028 | €105,022 | +€19,994 | +23.5% |
| Deferred charges and accrued income | 490/1 | €3,174 | €3,422 | +€248 | +7.8% |
| Total equity and liabilities | 10/49 | €115,255 | €131,850 | +€16,595 | +14.4% |
| Equity | 10/15 | €68,599 | €84,265 | +€15,666 | +22.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,599 | €79,265 | +€15,666 | +24.6% |
| Distributable reserves | 133 | €63,599 | €79,265 | +€15,666 | +24.6% |
| Amounts payable | 17/49 | €46,656 | €47,585 | +€929 | +2.0% |
| Amounts payable within one year | 42/48 | €46,656 | €47,585 | +€929 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €1,509 | - | -€1,509 | |
| Trade debts | 44 | €2,405 | €2,986 | +€582 | +24.2% |
| Suppliers | 440/4 | €2,405 | €2,986 | +€582 | +24.2% |
| Taxes, remuneration and social security | 45 | €5,713 | €5,250 | -€463 | -8.1% |
| Taxes | 450/3 | €2,713 | €2,250 | -€463 | -17.1% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €37,029 | €39,349 | +€2,320 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,206 | €511 | -€17,694 | -97.2% |
| Other operating charges | 640/8 | €98 | €101 | +€3 | +3.4% |
| Gross operating margin | 9900 | €25,452 | €22,801 | -€2,651 | -10.4% |
| Operating profit (loss) | 9901 | €7,148 | €22,188 | +€15,040 | +210.4% |
| Financial charges | 65/66B | €281 | €189 | -€92 | -32.8% |
| Recurring financial charges | 65 | €281 | €189 | -€92 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €6,868 | €22,000 | +€15,132 | +220.3% |
| Income taxes | 67/77 | €2,235 | €6,334 | +€4,099 | +183.5% |
| Profit (loss) for the period | 9904 | €4,633 | €15,666 | +€11,033 | +238.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,633 | €15,666 | +€11,033 | +238.1% |
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.