GIFIMMO: 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.
GIFIMMO
Largest movements
- Receivables within one year +€520,318
up €520,318 (+16.4%), from €3.2m to €3.7m
- Other debts +€555,029
up €555,029 (+4.2%), from €13.3m to €13.9m
- Financial income +€23,508
up €23,508 (+10.8%), from €217,432 to €240,940
- Financial charges +€18,858
up €18,858 (+7.5%), from €249,801 to €268,659
- Gross operating margin -€2,326
down €2,326 (-12.3%), from €18,886 to €16,560
- Other operating charges +€657
up €657 (+7.1%), from €9,287 to €9,943
- Depreciation +€548
up €548 (+1.9%), from €28,581 to €29,129
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 | €21,119,414 | €21,618,221 | +€498,807 | +2.4% |
| Fixed assets | 21/28 | €17,927,586 | €17,901,521 | -€26,065 | -0.1% |
| Tangible fixed assets | 22/27 | €307,082 | €281,017 | -€26,065 | -8.5% |
| Land and buildings | 22 | €303,276 | €275,472 | -€27,805 | -9.2% |
| Plant, machinery and equipment | 23 | €3,027 | €5,071 | +€2,044 | +67.5% |
| Other tangible fixed assets | 26 | €779 | €474 | -€304 | -39.1% |
| Financial fixed assets | 28 | €17,620,504 | €17,620,504 | = | 0.0% |
| Current assets | 29/58 | €3,191,828 | €3,716,700 | +€524,872 | +16.4% |
| Amounts receivable within one year | 40/41 | €3,182,345 | €3,702,663 | +€520,318 | +16.4% |
| Other amounts receivable | 41 | €3,182,345 | €3,702,663 | +€520,318 | +16.4% |
| Cash at bank and in hand | 54/58 | €6,652 | €8,404 | +€1,752 | +26.3% |
| Deferred charges and accrued income | 490/1 | €2,831 | €5,633 | +€2,802 | +99.0% |
| Total equity and liabilities | 10/49 | €21,119,414 | €21,618,221 | +€498,807 | +2.4% |
| Equity | 10/15 | €7,796,127 | €7,745,895 | -€50,232 | -0.6% |
| Contributions | 10/11 | €11,570,600 | €11,570,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,774,473 | -€3,824,705 | -€50,232 | -1.3% |
| Amounts payable | 17/49 | €13,323,287 | €13,872,327 | +€549,039 | +4.1% |
| Amounts payable within one year | 42/48 | €13,323,287 | €13,872,327 | +€549,039 | +4.1% |
| Trade debts | 44 | €11,102 | €5,113 | -€5,989 | -53.9% |
| Suppliers | 440/4 | €10,382 | €5,113 | -€5,269 | -50.8% |
| Bills of exchange payable | 441 | €720 | - | -€720 | |
| Other amounts payable | 47/48 | €13,312,185 | €13,867,214 | +€555,029 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,581 | €29,129 | +€548 | +1.9% |
| Other operating charges | 640/8 | €9,287 | €9,943 | +€657 | +7.1% |
| Gross operating margin | 9900 | €18,886 | €16,560 | -€2,326 | -12.3% |
| Operating profit (loss) | 9901 | -€18,982 | -€22,513 | -€3,531 | -18.6% |
| Financial income | 75/76B | €217,432 | €240,940 | +€23,508 | +10.8% |
| Recurring financial income | 75 | €217,432 | €240,940 | +€23,508 | +10.8% |
| Financial charges | 65/66B | €249,801 | €268,659 | +€18,858 | +7.5% |
| Recurring financial charges | 65 | €249,801 | €268,659 | +€18,858 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,351 | -€50,232 | +€1,119 | +2.2% |
| Profit (loss) for the period | 9904 | -€51,351 | -€50,232 | +€1,119 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,351 | -€50,232 | +€1,119 | +2.2% |
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 10 October 2026 via checked.be.