Gifemco: 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.
Gifemco
Largest movements
- Receivables within one year -€35,338
down €35,338 (-12.2%), from €290,387 to €255,049
- Cash +€20,820
up €20,820 (+843%), from €2,469 to €23,290
mainly Receivables within one year (+€35,338) and Deferred charges and accrued income (+€15,546)
- Deferred charges and accrued income -€15,546
down €15,546 (-87.7%), from €17,732 to €2,185
- Tangible fixed assets -€5,927
down €5,927 (-7.3%), from €81,357 to €75,430
of which Other tangible fixed assets: -€3,608
- Profit (loss) carried forward -€21,526
down €21,526 (-15.5%), from €139,015 to €117,489
- Debts after one year -€12,600
down €12,600 (-19.7%), from €63,832 to €51,233
- Gross operating margin -€27,753
down €27,753, from €12,555 to -€15,198
- Other operating charges +€2,756
up €2,756 (+97.1%), from €2,838 to €5,594
- Financial charges +€215
up €215 (+7.2%), from €3,004 to €3,219
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 | €391,945 | €355,954 | -€35,991 | -9.2% |
| Fixed assets | 21/28 | €81,357 | €75,430 | -€5,927 | -7.3% |
| Tangible fixed assets | 22/27 | €81,357 | €75,430 | -€5,927 | -7.3% |
| Land and buildings | 22 | €62,103 | €59,784 | -€2,319 | -3.7% |
| Other tangible fixed assets | 26 | €19,254 | €15,646 | -€3,608 | -18.7% |
| Current assets | 29/58 | €310,588 | €280,524 | -€30,064 | -9.7% |
| Amounts receivable within one year | 40/41 | €290,387 | €255,049 | -€35,338 | -12.2% |
| Other amounts receivable | 41 | €290,387 | €255,049 | -€35,338 | -12.2% |
| Cash at bank and in hand | 54/58 | €2,469 | €23,290 | +€20,820 | +843% |
| Deferred charges and accrued income | 490/1 | €17,732 | €2,185 | -€15,546 | -87.7% |
| Total equity and liabilities | 10/49 | €391,945 | €355,954 | -€35,991 | -9.2% |
| Equity | 10/15 | €253,723 | €232,197 | -€21,526 | -8.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €14,708 | €14,708 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,708 | €14,708 | = | 0.0% |
| Legal reserve | 130 | €14,708 | €14,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,015 | €117,489 | -€21,526 | -15.5% |
| Amounts payable | 17/49 | €138,222 | €123,757 | -€14,465 | -10.5% |
| Amounts payable after more than one year | 17 | €63,832 | €51,233 | -€12,600 | -19.7% |
| Financial debts | 170/4 | €63,832 | €51,233 | -€12,600 | -19.7% |
| Amounts payable within one year | 42/48 | €74,313 | €72,524 | -€1,788 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €12,410 | €12,600 | +€190 | +1.5% |
| Trade debts | 44 | €756 | €526 | -€230 | -30.4% |
| Suppliers | 440/4 | €756 | €526 | -€230 | -30.4% |
| Other amounts payable | 47/48 | €61,147 | €59,399 | -€1,748 | -2.9% |
| Accrued charges and deferred income | 492/3 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,927 | €5,927 | = | 0.0% |
| Other operating charges | 640/8 | €2,838 | €5,594 | +€2,756 | +97.1% |
| Gross operating margin | 9900 | €12,555 | -€15,198 | -€27,753 | |
| Operating profit (loss) | 9901 | €3,790 | -€26,719 | -€30,509 | |
| Financial income | 75/76B | €8,458 | €8,412 | -€46 | -0.5% |
| Recurring financial income | 75 | €8,458 | €8,412 | -€46 | -0.5% |
| Financial charges | 65/66B | €3,004 | €3,219 | +€215 | +7.2% |
| Recurring financial charges | 65 | €3,004 | €3,219 | +€215 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €9,244 | -€21,526 | -€30,770 | |
| Profit (loss) for the period | 9904 | €9,244 | -€21,526 | -€30,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,244 | -€21,526 | -€30,770 |
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 30 October 2026 via checked.be.