GIM: 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.
GIM
Largest movements
- Receivables within one year -€21,760
down €21,760 (-70.7%), from €30,777 to €9,017
of which Other amounts receivable: -€21,760
- Cash -€21,674
down €21,674 (-83.0%), from €26,098 to €4,424
mainly Net result for the year (-€26,533) and Tax, wage and social debts (-€13,010)
- Profit (loss) carried forward -€26,533
new in 2024: -€26,533
- Tax, wage and social debts -€13,010
no longer reported in 2024 (was €13,010)
- Other debts -€11,964
down €11,964 (-59.8%), from €20,000 to €8,037
- Other operating charges -€1,725
down €1,725 (-9.7%), from €17,717 to €15,992
- Taxes +€695
new in 2024: €695
- Gross operating margin +€639
up €639 (+10.9%), from -€5,884 to -€5,245
- Depreciation -€262
down €262 (-5.5%), from €4,770 to €4,508
- Financial charges +€129
up €129 (+178.8%), from €72 to €201
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,634 | €532,691 | -€47,943 | -8.3% |
| Fixed assets | 21/28 | €523,758 | €519,250 | -€4,508 | -0.9% |
| Tangible fixed assets | 22/27 | €115,758 | €111,250 | -€4,508 | -3.9% |
| Land and buildings | 22 | €103,730 | €101,864 | -€1,866 | -1.8% |
| Plant, machinery and equipment | 23 | €12,028 | €9,386 | -€2,643 | -22.0% |
| Financial fixed assets | 28 | €408,000 | €408,000 | = | 0.0% |
| Current assets | 29/58 | €56,876 | €13,441 | -€43,434 | -76.4% |
| Amounts receivable within one year | 40/41 | €30,777 | €9,017 | -€21,760 | -70.7% |
| Trade receivables | 40 | €5,017 | €5,017 | = | 0.0% |
| Other amounts receivable | 41 | €25,760 | €4,000 | -€21,760 | -84.5% |
| Cash at bank and in hand | 54/58 | €26,098 | €4,424 | -€21,674 | -83.0% |
| Total equity and liabilities | 10/49 | €580,634 | €532,691 | -€47,943 | -8.3% |
| Equity | 10/15 | €541,999 | €515,466 | -€26,533 | -4.9% |
| Contributions | 10/11 | €530,492 | €530,492 | = | 0.0% |
| Capital | 10 | €530,492 | €530,492 | = | 0.0% |
| Issued capital | 100 | €530,492 | €530,492 | = | 0.0% |
| Reserves | 13 | €11,507 | €11,507 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,361 | €6,361 | = | 0.0% |
| Legal reserve | 130 | €6,361 | €6,361 | = | 0.0% |
| Distributable reserves | 133 | €5,146 | €5,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,533 | -€26,533 | |
| Amounts payable | 17/49 | €38,634 | €17,225 | -€21,409 | -55.4% |
| Amounts payable within one year | 42/48 | €38,634 | €17,225 | -€21,409 | -55.4% |
| Trade debts | 44 | €5,624 | €9,188 | +€3,564 | +63.4% |
| Suppliers | 440/4 | €5,624 | €9,188 | +€3,564 | +63.4% |
| Taxes, remuneration and social security | 45 | €13,010 | - | -€13,010 | |
| Taxes | 450/3 | €13,010 | - | -€13,010 | |
| Other amounts payable | 47/48 | €20,000 | €8,037 | -€11,964 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,770 | €4,508 | -€262 | -5.5% |
| Other operating charges | 640/8 | €17,717 | €15,992 | -€1,725 | -9.7% |
| Gross operating margin | 9900 | -€5,884 | -€5,245 | +€639 | +10.9% |
| Operating profit (loss) | 9901 | -€28,371 | -€25,745 | +€2,626 | +9.3% |
| Financial income | 75/76B | €119 | €108 | -€11 | -9.4% |
| Recurring financial income | 75 | €119 | €108 | -€11 | -9.4% |
| Financial charges | 65/66B | €72 | €201 | +€129 | +178.8% |
| Recurring financial charges | 65 | €72 | €201 | +€129 | +178.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,324 | -€25,838 | +€2,486 | +8.8% |
| Income taxes | 67/77 | - | €695 | +€695 | |
| Profit (loss) for the period | 9904 | -€28,324 | -€26,533 | +€1,791 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,324 | -€26,533 | +€1,791 | +6.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.