GILIMMO: 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.
GILIMMO
Largest movements
- Tangible fixed assets -€48,578
down €48,578 (-4.2%), from €1.2m to €1.1m
of which Land and buildings: -€46,979
- Other debts +€228,506
up €228,506 (+233.7%), from €97,782 to €326,288
- Current portion of long-term debt -€221,876
down €221,876 (-76.3%), from €290,712 to €68,836
- Debts after one year -€23,791
down €23,791 (-3.2%), from €743,765 to €719,974
of which Financial debts: -€68,836
- Profit (loss) carried forward -€20,832
new in 2025: -€20,832
- Financial charges +€10,104
up €10,104 (+79.1%), from €12,779 to €22,884
- Gross operating margin -€6,226
down €6,226 (-8.0%), from €77,786 to €71,560
- Other operating charges +€4,709
up €4,709 (+80.6%), from €5,842 to €10,551
- Taxes -€3,313
down €3,313 (-28.3%), from €11,696 to €8,383
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 | €1,163,051 | €1,115,465 | -€47,586 | -4.1% |
| Fixed assets | 21/28 | €1,158,028 | €1,109,450 | -€48,578 | -4.2% |
| Tangible fixed assets | 22/27 | €1,158,028 | €1,109,450 | -€48,578 | -4.2% |
| Land and buildings | 22 | €1,153,437 | €1,106,458 | -€46,979 | -4.1% |
| Furniture and vehicles | 24 | €4,592 | €2,992 | -€1,600 | -34.8% |
| Current assets | 29/58 | €5,023 | €6,015 | +€992 | +19.8% |
| Amounts receivable within one year | 40/41 | €1,237 | €2,854 | +€1,617 | +130.8% |
| Trade receivables | 40 | €1,237 | €1,237 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,617 | +€1,617 | |
| Cash at bank and in hand | 54/58 | €2,821 | €2,559 | -€262 | -9.3% |
| Deferred charges and accrued income | 490/1 | €966 | €602 | -€363 | -37.6% |
| Total equity and liabilities | 10/49 | €1,163,051 | €1,115,465 | -€47,586 | -4.1% |
| Equity | 10/15 | €25,447 | -€2,232 | -€27,680 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,847 | - | -€6,847 | |
| Distributable reserves | 133 | €6,847 | - | -€6,847 | |
| Profit (loss) carried forward | 14 | - | -€20,832 | -€20,832 | |
| Amounts payable | 17/49 | €1,137,604 | €1,117,697 | -€19,907 | -1.7% |
| Amounts payable after more than one year | 17 | €743,765 | €719,974 | -€23,791 | -3.2% |
| Financial debts | 170/4 | €403,911 | €335,075 | -€68,836 | -17.0% |
| Trade debts | 175 | €339,853 | €384,899 | +€45,045 | +13.3% |
| Amounts payable within one year | 42/48 | €393,839 | €397,723 | +€3,884 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €290,712 | €68,836 | -€221,876 | -76.3% |
| Trade debts | 44 | €3,650 | €904 | -€2,746 | -75.2% |
| Suppliers | 440/4 | €3,650 | €904 | -€2,746 | -75.2% |
| Taxes, remuneration and social security | 45 | €1,696 | €1,696 | = | 0.0% |
| Taxes | 450/3 | €1,696 | €1,696 | = | 0.0% |
| Other amounts payable | 47/48 | €97,782 | €326,288 | +€228,506 | +233.7% |
| Non-recurring operating income | 76A | - | €816 | +€816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,816 | €55,901 | +€84 | +0.2% |
| Other operating charges | 640/8 | €5,842 | €10,551 | +€4,709 | +80.6% |
| Non-recurring operating charges | 66A | - | €1,522 | +€1,522 | |
| Gross operating margin | 9900 | €77,786 | €71,560 | -€6,226 | -8.0% |
| Operating profit (loss) | 9901 | €16,128 | €3,587 | -€12,541 | -77.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €12,779 | €22,884 | +€10,104 | +79.1% |
| Recurring financial charges | 65 | €12,779 | €22,884 | +€10,104 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €3,349 | -€19,297 | -€22,646 | |
| Income taxes | 67/77 | €11,696 | €8,383 | -€3,313 | -28.3% |
| Profit (loss) for the period | 9904 | -€8,346 | -€27,680 | -€19,333 | -231.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,346 | -€27,680 | -€19,333 | -231.6% |
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 11 October 2026 via checked.be.