GIFIMO: 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.
GIFIMO
Largest movements
- Tangible fixed assets -€21,151
down €21,151 (-6.9%), from €306,709 to €285,558
- Receivables within one year +€8,966
up €8,966 (+36.1%), from €24,821 to €33,787
of which Trade receivables: +€8,966
- Debts after one year -€34,902
down €34,902 (-92.2%), from €37,843 to €2,941
- Reserves +€17,000
up €17,000 (+18.5%), from €92,000 to €109,000
of which Distributable reserves: +€17,000
- Other debts +€9,142
up €9,142 (+548.7%), from €1,666 to €10,808
- Trade debts -€7,687
down €7,687 (-40.4%), from €19,046 to €11,359
- Gross operating margin -€28,655
down €28,655 (-35.0%), from €81,877 to €53,222
- Taxes -€7,748
down €7,748 (-53.1%), from €14,596 to €6,848
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 | €336,650 | €321,883 | -€14,767 | -4.4% |
| Fixed assets | 21/28 | €306,709 | €285,558 | -€21,151 | -6.9% |
| Tangible fixed assets | 22/27 | €306,709 | €285,558 | -€21,151 | -6.9% |
| Land and buildings | 22 | €306,709 | €285,558 | -€21,151 | -6.9% |
| Current assets | 29/58 | €29,941 | €36,325 | +€6,384 | +21.3% |
| Amounts receivable within one year | 40/41 | €24,821 | €33,787 | +€8,966 | +36.1% |
| Trade receivables | 40 | €16,974 | €25,940 | +€8,966 | +52.8% |
| Other amounts receivable | 41 | €7,847 | €7,847 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,235 | €105 | -€2,130 | -95.3% |
| Deferred charges and accrued income | 490/1 | €2,885 | €2,433 | -€452 | -15.7% |
| Total equity and liabilities | 10/49 | €336,650 | €321,883 | -€14,767 | -4.4% |
| Equity | 10/15 | €215,006 | €232,002 | +€16,996 | +7.9% |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €92,000 | €109,000 | +€17,000 | +18.5% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €90,500 | €107,500 | +€17,000 | +18.8% |
| Profit (loss) carried forward | 14 | €6 | €2 | -€4 | -65.9% |
| Amounts payable | 17/49 | €121,644 | €89,880 | -€31,763 | -26.1% |
| Amounts payable after more than one year | 17 | €37,843 | €2,941 | -€34,902 | -92.2% |
| Financial debts | 170/4 | €37,843 | €2,941 | -€34,902 | -92.2% |
| Amounts payable within one year | 42/48 | €83,793 | €86,940 | +€3,147 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €34,202 | €34,902 | +€700 | +2.0% |
| Financial debts | 43 | €4,902 | €4,722 | -€181 | -3.7% |
| Credit institutions | 430/8 | €4,902 | €4,722 | -€181 | -3.7% |
| Trade debts | 44 | €19,046 | €11,359 | -€7,687 | -40.4% |
| Suppliers | 440/4 | €19,046 | €11,359 | -€7,687 | -40.4% |
| Taxes, remuneration and social security | 45 | €23,977 | €25,149 | +€1,172 | +4.9% |
| Taxes | 450/3 | €23,977 | €25,149 | +€1,172 | +4.9% |
| Other amounts payable | 47/48 | €1,666 | €10,808 | +€9,142 | +548.7% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,964 | €21,151 | +€187 | +0.9% |
| Other operating charges | 640/8 | €4,332 | €3,742 | -€591 | -13.6% |
| Gross operating margin | 9900 | €81,877 | €53,222 | -€28,655 | -35.0% |
| Operating profit (loss) | 9901 | €56,581 | €28,329 | -€28,251 | -49.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €3,523 | €2,820 | -€703 | -20.0% |
| Recurring financial charges | 65 | €3,523 | €2,820 | -€703 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €53,061 | €25,510 | -€27,552 | -51.9% |
| Income taxes | 67/77 | €14,596 | €6,848 | -€7,748 | -53.1% |
| Profit (loss) for the period | 9904 | €38,466 | €18,662 | -€19,804 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,466 | €18,662 | -€19,804 | -51.5% |
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.