GIMA: 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.
GIMA
Largest movements
- Current investments -€192,479
no longer reported in 2025 (was €192,479)
- Tangible fixed assets -€18,823
down €18,823 (-6.8%), from €275,877 to €257,054
of which Plant, machinery and equipment: -€36,575
- Cash +€13,409
up €13,409 (+11.6%), from €115,973 to €129,383
mainly Current investments (+€192,479) and Net result for the year (+€41,632)
- Other debts -€248,361
down €248,361 (-87.4%), from €284,323 to €35,962
- Reserves +€41,632
up €41,632 (+25.6%), from €162,431 to €204,063
- Tax, wage and social debts +€9,164
up €9,164 (+401.5%), from €2,282 to €11,446
- Accrued charges and deferred income -€8,515
down €8,515 (-65.9%), from €12,922 to €4,407
- Financial income +€32,581
up €32,581 (+958.8%), from €3,398 to €35,979
of which Non-recurring financial income: +€28,393
- Financial charges -€9,653
down €9,653 (-92.9%), from €10,389 to €736
- Taxes +€8,137
up €8,137 (+79.0%), from €10,302 to €18,439
- Gross operating margin -€7,288
down €7,288 (-9.8%), from €74,266 to €66,978
- Depreciation +€7,102
up €7,102 (+27.0%), from €26,334 to €33,436
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 | €590,501 | €386,883 | -€203,618 | -34.5% |
| Fixed assets | 21/28 | €276,323 | €257,500 | -€18,823 | -6.8% |
| Tangible fixed assets | 22/27 | €275,877 | €257,054 | -€18,823 | -6.8% |
| Land and buildings | 22 | €191,502 | €217,125 | +€25,623 | +13.4% |
| Plant, machinery and equipment | 23 | €36,575 | - | -€36,575 | |
| Furniture and vehicles | 24 | €47,800 | €39,929 | -€7,871 | -16.5% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €314,178 | €129,383 | -€184,796 | -58.8% |
| Amounts receivable within one year | 40/41 | €5,726 | - | -€5,726 | |
| Trade receivables | 40 | €2,095 | - | -€2,095 | |
| Other amounts receivable | 41 | €3,631 | - | -€3,631 | |
| Current investments | 50/53 | €192,479 | - | -€192,479 | |
| Cash at bank and in hand | 54/58 | €115,973 | €129,383 | +€13,409 | +11.6% |
| Total equity and liabilities | 10/49 | €590,501 | €386,883 | -€203,618 | -34.5% |
| Equity | 10/15 | €288,747 | €330,379 | +€41,632 | +14.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,316 | €1,316 | = | 0.0% |
| Reserves | 13 | €162,431 | €204,063 | +€41,632 | +25.6% |
| Distributable reserves | 133 | €162,431 | €204,063 | +€41,632 | +25.6% |
| Amounts payable | 17/49 | €301,754 | €56,504 | -€245,250 | -81.3% |
| Amounts payable within one year | 42/48 | €288,832 | €52,097 | -€236,735 | -82.0% |
| Trade debts | 44 | €2,227 | €4,689 | +€2,462 | +110.6% |
| Suppliers | 440/4 | €2,227 | €4,689 | +€2,462 | +110.6% |
| Taxes, remuneration and social security | 45 | €2,282 | €11,446 | +€9,164 | +401.5% |
| Taxes | 450/3 | €2,282 | €11,446 | +€9,164 | +401.5% |
| Other amounts payable | 47/48 | €284,323 | €35,962 | -€248,361 | -87.4% |
| Accrued charges and deferred income | 492/3 | €12,922 | €4,407 | -€8,515 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,334 | €33,436 | +€7,102 | +27.0% |
| Other operating charges | 640/8 | €7,472 | €8,714 | +€1,242 | +16.6% |
| Gross operating margin | 9900 | €74,266 | €66,978 | -€7,288 | -9.8% |
| Operating profit (loss) | 9901 | €40,460 | €24,828 | -€15,632 | -38.6% |
| Financial income | 75/76B | €3,398 | €35,979 | +€32,581 | +958.8% |
| Recurring financial income | 75 | €3,398 | €7,586 | +€4,187 | +123.2% |
| Non-recurring financial income | 76B | - | €28,393 | +€28,393 | |
| Financial charges | 65/66B | €10,389 | €736 | -€9,653 | -92.9% |
| Recurring financial charges | 65 | €10,389 | €736 | -€9,653 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €33,470 | €60,071 | +€26,601 | +79.5% |
| Income taxes | 67/77 | €10,302 | €18,439 | +€8,137 | +79.0% |
| Profit (loss) for the period | 9904 | €23,168 | €41,632 | +€18,464 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,168 | €41,632 | +€18,464 | +79.7% |
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 9 October 2026 via checked.be.