GIDEM: 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.
GIDEM
Largest movements
- Cash +€572,607
up €572,607 (+388.7%), from €147,319 to €719,926
mainly Net result for the year (+€498,319) and Other debts (+€101,831)
- Receivables within one year -€88,050
down €88,050 (-69.9%), from €126,022 to €37,972
of which Trade receivables: -€124,650
- Profit (loss) carried forward +€398,319
up €398,319 (+43.7%), from €911,718 to €1.3m
- Other debts +€101,831
new in 2025: €101,831
- Debts after one year -€38,240
down €38,240 (-40.1%), from €95,383 to €57,143
- Current portion of long-term debt +€21,429
new in 2025: €21,429
- Financial income +€434,850
up €434,850 (+832.7%), from €52,224 to €487,074
- Gross operating margin -€164,887
down €164,887 (-83.5%), from €197,509 to €32,622
- Taxes -€42,071
down €42,071 (-84.6%), from €49,758 to €7,687
- Financial charges +€6,997
up €6,997 (+649.7%), from €1,077 to €8,074
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 | €1,040,936 | €1,519,014 | +€478,078 | +45.9% |
| Fixed assets | 21/28 | €764,441 | €759,399 | -€5,042 | -0.7% |
| Tangible fixed assets | 22/27 | €35,109 | €30,067 | -€5,042 | -14.4% |
| Furniture and vehicles | 24 | €2,040 | €989 | -€1,051 | -51.5% |
| Other tangible fixed assets | 26 | €33,069 | €29,078 | -€3,991 | -12.1% |
| Financial fixed assets | 28 | €729,332 | €729,332 | = | 0.0% |
| Current assets | 29/58 | €276,495 | €759,615 | +€483,120 | +174.7% |
| Amounts receivable within one year | 40/41 | €126,022 | €37,972 | -€88,050 | -69.9% |
| Trade receivables | 40 | €124,650 | - | -€124,650 | |
| Other amounts receivable | 41 | €1,372 | €37,972 | +€36,600 | +2667.6% |
| Cash at bank and in hand | 54/58 | €147,319 | €719,926 | +€572,607 | +388.7% |
| Deferred charges and accrued income | 490/1 | €3,154 | €1,717 | -€1,437 | -45.6% |
| Total equity and liabilities | 10/49 | €1,040,936 | €1,519,014 | +€478,078 | +45.9% |
| Equity | 10/15 | €933,718 | €1,332,037 | +€398,319 | +42.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €911,718 | €1,310,037 | +€398,319 | +43.7% |
| Amounts payable | 17/49 | €107,218 | €186,977 | +€79,759 | +74.4% |
| Amounts payable after more than one year | 17 | €95,383 | €57,143 | -€38,240 | -40.1% |
| Financial debts | 170/4 | €95,383 | €57,143 | -€38,240 | -40.1% |
| Amounts payable within one year | 42/48 | €11,835 | €129,834 | +€117,999 | +997.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,429 | +€21,429 | |
| Trade debts | 44 | €1,141 | €6,574 | +€5,433 | +476.2% |
| Suppliers | 440/4 | €1,141 | €6,574 | +€5,433 | +476.2% |
| Taxes, remuneration and social security | 45 | €10,694 | - | -€10,694 | |
| Taxes | 450/3 | €10,694 | - | -€10,694 | |
| Other amounts payable | 47/48 | - | €101,831 | +€101,831 | |
| Remuneration, social security and pensions | 62 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,042 | €5,042 | = | 0.0% |
| Other operating charges | 640/8 | €1,145 | €539 | -€606 | -52.9% |
| Gross operating margin | 9900 | €197,509 | €32,622 | -€164,887 | -83.5% |
| Operating profit (loss) | 9901 | €191,322 | €27,006 | -€164,316 | -85.9% |
| Financial income | 75/76B | €52,224 | €487,074 | +€434,850 | +832.7% |
| Recurring financial income | 75 | €52,224 | €487,074 | +€434,850 | +832.7% |
| Financial charges | 65/66B | €1,077 | €8,074 | +€6,997 | +649.7% |
| Recurring financial charges | 65 | €1,077 | €8,074 | +€6,997 | +649.7% |
| Profit (loss) for the period before taxes | 9903 | €242,469 | €506,006 | +€263,537 | +108.7% |
| Income taxes | 67/77 | €49,758 | €7,687 | -€42,071 | -84.6% |
| Profit (loss) for the period | 9904 | €192,711 | €498,319 | +€305,608 | +158.6% |
| Profit (loss) for the period to be appropriated | 9905 | €192,711 | €498,319 | +€305,608 | +158.6% |
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 2 October 2026 via checked.be.