GIMA - INVEST: what changed
GIMA - INVEST
Largest movements
- Tangible fixed assets +€24,989
up €24,989 (+2.5%), from €991,988 to €1.0m
of which Land and buildings: +€31,065
- Cash +€15,686
up €15,686 (+338%), from €4,638 to €20,324
mainly Net result for the year (+€62,461) and Depreciation (+€35,151)
- Receivables within one year -€14,088
down €14,088 (-50.6%), from €27,830 to €13,742
of which Trade receivables: -€14,512
- Reserves +€62,461
up €62,461 (+8.5%), from €737,518 to €799,979
- Debts after one year -€38,516
down €38,516 (-38.2%), from €100,874 to €62,358
of which Financial debts: -€38,516
- Other debts +€32,029
up €32,029 (+80.4%), from €39,846 to €71,875
- Tax, wage and social debts -€17,968
down €17,968 (-47.9%), from €37,525 to €19,557
of which Taxes: -€14,994
- Gross operating margin -€228,843
down €228,843 (-61.8%), from €370,079 to €141,236
- Taxes -€64,159
down €64,159 (-68.4%), from €93,743 to €29,585
- Depreciation -€6,599
down €6,599 (-15.8%), from €41,750 to €35,151
- Financial charges -€5,911
down €5,911 (-58.7%), from €10,077 to €4,166
- Other operating charges -€5,449
down €5,449 (-47.6%), from €11,438 to €5,989
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,456 | €1,051,043 | +€26,588 | +2.6% |
| Fixed assets | 21/28 | €991,988 | €1,016,977 | +€24,989 | +2.5% |
| Tangible fixed assets | 22/27 | €991,988 | €1,016,977 | +€24,989 | +2.5% |
| Land and buildings | 22 | €985,365 | €1,016,430 | +€31,065 | +3.2% |
| Plant, machinery and equipment | 23 | €6,623 | €547 | -€6,076 | -91.7% |
| Current assets | 29/58 | €32,468 | €34,066 | +€1,598 | +4.9% |
| Amounts receivable within one year | 40/41 | €27,830 | €13,742 | -€14,088 | -50.6% |
| Trade receivables | 40 | €27,830 | €13,318 | -€14,512 | -52.1% |
| Other amounts receivable | 41 | - | €424 | +€424 | |
| Cash at bank and in hand | 54/58 | €4,638 | €20,324 | +€15,686 | +338% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,024,456 | €1,051,043 | +€26,588 | +2.6% |
| Equity | 10/15 | €792,207 | €854,668 | +€62,461 | +7.9% |
| Contributions | 10/11 | €54,689 | €54,689 | = | 0.0% |
| Reserves | 13 | €737,518 | €799,979 | +€62,461 | +8.5% |
| Distributable reserves | 133 | €737,518 | €799,979 | +€62,461 | +8.5% |
| Amounts payable | 17/49 | €232,248 | €196,375 | -€35,873 | -15.4% |
| Amounts payable after more than one year | 17 | €100,874 | €62,358 | -€38,516 | -38.2% |
| Financial debts | 170/4 | €100,874 | €62,358 | -€38,516 | -38.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €125,671 | €129,948 | +€4,277 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €38,005 | €38,516 | +€512 | +1.3% |
| Financial debts | 43 | €10,025 | €0 | -€10,025 | -100% |
| Credit institutions | 430/8 | €10,025 | €0 | -€10,025 | -100% |
| Trade debts | 44 | €270 | €0 | -€270 | -100% |
| Suppliers | 440/4 | €270 | €0 | -€270 | -100% |
| Taxes, remuneration and social security | 45 | €37,525 | €19,557 | -€17,968 | -47.9% |
| Taxes | 450/3 | €30,993 | €15,999 | -€14,994 | -48.4% |
| Remuneration and social security | 454/9 | €6,532 | €3,558 | -€2,974 | -45.5% |
| Other amounts payable | 47/48 | €39,846 | €71,875 | +€32,029 | +80.4% |
| Accrued charges and deferred income | 492/3 | €5,703 | €4,069 | -€1,634 | -28.7% |
| Non-recurring operating income | 76A | €196,989 | €0 | -€196,989 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,750 | €35,151 | -€6,599 | -15.8% |
| Other operating charges | 640/8 | €11,438 | €5,989 | -€5,449 | -47.6% |
| Non-recurring operating charges | 66A | - | €3,893 | +€3,893 | |
| Gross operating margin | 9900 | €370,079 | €141,236 | -€228,843 | -61.8% |
| Operating profit (loss) | 9901 | €316,891 | €96,203 | -€220,689 | -69.6% |
| Financial income | 75/76B | €21 | €9 | -€12 | -57.3% |
| Recurring financial income | 75 | €21 | €9 | -€12 | -57.3% |
| Financial charges | 65/66B | €10,077 | €4,166 | -€5,911 | -58.7% |
| Recurring financial charges | 65 | €10,077 | €4,166 | -€5,911 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €306,835 | €92,045 | -€214,789 | -70.0% |
| Income taxes | 67/77 | €93,743 | €29,585 | -€64,159 | -68.4% |
| Profit (loss) for the period | 9904 | €213,091 | €62,461 | -€150,631 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €213,091 | €62,461 | -€150,631 | -70.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.