GIMALEX: 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.
GIMALEX
Largest movements
- Cash -€135,948
down €135,948 (-14.8%), from €920,533 to €784,585
mainly Other debts (-€149,990) and Tax, wage and social debts (-€110,388)
- Tangible fixed assets +€39,685
up €39,685 (+71.3%), from €55,629 to €95,314
of which Plant, machinery and equipment: +€39,995
- Receivables within one year +€22,531
up €22,531 (+15.7%), from €143,376 to €165,907
of which Trade receivables: +€20,198
- Trade debts +€218,426
up €218,426 (+21.8%), from €1.0m to €1.2m
- Other debts -€149,990
down €149,990 (-99.8%), from €150,289 to €299
- Tax, wage and social debts -€110,388
down €110,388 (-28.1%), from €392,514 to €282,127
of which Remuneration and social security: -€77,773
- Profit (loss) carried forward -€85,259
down €85,259, from €7,907 to -€77,352
- Accrued charges and deferred income +€77,372
up €77,372 (+160%), from €48,479 to €125,851
- Gross operating margin -€353,146
down €353,146 (-14.2%), from €2.5m to €2.1m
- Staff costs -€103,795
down €103,795 (-4.5%), from €2.3m to €2.2m
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,010,616 | €1,921,700 | -€88,915 | -4.4% |
| Fixed assets | 21/28 | €64,504 | €102,939 | +€38,435 | +59.6% |
| Intangible fixed assets | 21 | €8,750 | €7,500 | -€1,250 | -14.3% |
| Tangible fixed assets | 22/27 | €55,629 | €95,314 | +€39,685 | +71.3% |
| Plant, machinery and equipment | 23 | €39,634 | €79,629 | +€39,995 | +101% |
| Other tangible fixed assets | 26 | €15,995 | €15,685 | -€310 | -1.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,946,112 | €1,818,761 | -€127,351 | -6.5% |
| Stocks and contracts in progress | 3 | €732,507 | €724,763 | -€7,744 | -1.1% |
| Stocks | 30/36 | €732,507 | €724,763 | -€7,744 | -1.1% |
| Amounts receivable within one year | 40/41 | €143,376 | €165,907 | +€22,531 | +15.7% |
| Trade receivables | 40 | €30,291 | €50,489 | +€20,198 | +66.7% |
| Other amounts receivable | 41 | €113,085 | €115,418 | +€2,333 | +2.1% |
| Cash at bank and in hand | 54/58 | €920,533 | €784,585 | -€135,948 | -14.8% |
| Deferred charges and accrued income | 490/1 | €149,695 | €143,506 | -€6,189 | -4.1% |
| Total equity and liabilities | 10/49 | €2,010,616 | €1,921,700 | -€88,915 | -4.4% |
| Equity | 10/15 | €217,907 | €132,648 | -€85,259 | -39.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,907 | -€77,352 | -€85,259 | |
| Amounts payable | 17/49 | €1,792,709 | €1,789,052 | -€3,656 | -0.2% |
| Amounts payable after more than one year | 17 | €160,923 | €112,283 | -€48,640 | -30.2% |
| Financial debts | 170/4 | €160,923 | €112,283 | -€48,640 | -30.2% |
| Amounts payable within one year | 42/48 | €1,583,307 | €1,550,918 | -€32,389 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €39,077 | €48,640 | +€9,562 | +24.5% |
| Trade debts | 44 | €1,001,427 | €1,219,853 | +€218,426 | +21.8% |
| Suppliers | 440/4 | €1,001,427 | €1,219,853 | +€218,426 | +21.8% |
| Taxes, remuneration and social security | 45 | €392,514 | €282,127 | -€110,388 | -28.1% |
| Taxes | 450/3 | €33,258 | €643 | -€32,615 | -98.1% |
| Remuneration and social security | 454/9 | €359,256 | €281,484 | -€77,773 | -21.6% |
| Other amounts payable | 47/48 | €150,289 | €299 | -€149,990 | -99.8% |
| Accrued charges and deferred income | 492/3 | €48,479 | €125,851 | +€77,372 | +160% |
| Remuneration, social security and pensions | 62 | €2,288,504 | €2,184,708 | -€103,795 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,743 | €18,587 | +€12,844 | +224% |
| Other operating charges | 640/8 | €904 | €15,130 | +€14,226 | +1,573% |
| Gross operating margin | 9900 | €2,491,113 | €2,137,967 | -€353,146 | -14.2% |
| Operating profit (loss) | 9901 | €195,962 | -€80,458 | -€276,420 | |
| Financial income | 75/76B | €4,641 | €8,335 | +€3,694 | +79.6% |
| Recurring financial income | 75 | €4,641 | €8,335 | +€3,694 | +79.6% |
| Financial charges | 65/66B | €19,205 | €12,673 | -€6,532 | -34.0% |
| Recurring financial charges | 65 | €19,205 | €12,673 | -€6,532 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €181,398 | -€84,796 | -€266,194 | |
| Income taxes | 67/77 | €13,491 | €463 | -€13,028 | -96.6% |
| Profit (loss) for the period | 9904 | €167,907 | -€85,259 | -€253,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €167,907 | -€85,259 | -€253,166 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.