GIMALO: 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.
GIMALO
Largest movements
- Cash -€731,005
down €731,005 (-42.6%), from €1.7m to €984,361
mainly Trade debts (-€832,260) and Current investments (-€503,284)
- Receivables within one year -€669,221
down €669,221 (-89.3%), from €749,347 to €80,126
of which Trade receivables: -€671,848
- Current investments +€503,284
new in 2025: €503,284
- Stocks and contracts +€103,801
up €103,801 (+15.0%), from €691,309 to €795,110
- Trade debts -€832,260
down €832,260 (-49.1%), from €1.7m to €863,721
- Reserves +€142,000
up €142,000 (+26.2%), from €543,000 to €685,000
- Other debts -€88,710
down €88,710 (-30.7%), from €288,710 to €200,000
- Accrued charges and deferred income -€68,000
down €68,000 (-11.1%), from €612,000 to €544,000
- Tax, wage and social debts +€34,493
up €34,493 (+20.2%), from €170,649 to €205,142
of which Remuneration and social security: +€35,954
- Staff costs -€39,118
down €39,118 (-3.3%), from €1.2m to €1.2m
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 | €3,387,405 | €2,574,834 | -€812,571 | -24.0% |
| Fixed assets | 21/28 | €209,378 | €191,518 | -€17,860 | -8.5% |
| Tangible fixed assets | 22/27 | €197,191 | €179,331 | -€17,860 | -9.1% |
| Plant, machinery and equipment | 23 | €135,116 | €102,331 | -€32,785 | -24.3% |
| Furniture and vehicles | 24 | €30,250 | €30,633 | +€383 | +1.3% |
| Other tangible fixed assets | 26 | €31,824 | €46,367 | +€14,543 | +45.7% |
| Financial fixed assets | 28 | €12,187 | €12,187 | = | 0.0% |
| Current assets | 29/58 | €3,178,027 | €2,383,316 | -€794,711 | -25.0% |
| Stocks and contracts in progress | 3 | €691,309 | €795,110 | +€103,801 | +15.0% |
| Stocks | 30/36 | €691,309 | €795,110 | +€103,801 | +15.0% |
| Amounts receivable within one year | 40/41 | €749,347 | €80,126 | -€669,221 | -89.3% |
| Trade receivables | 40 | €714,947 | €43,099 | -€671,848 | -94.0% |
| Other amounts receivable | 41 | €34,401 | €37,027 | +€2,627 | +7.6% |
| Current investments | 50/53 | - | €503,284 | +€503,284 | |
| Cash at bank and in hand | 54/58 | €1,715,365 | €984,361 | -€731,005 | -42.6% |
| Deferred charges and accrued income | 490/1 | €22,006 | €20,435 | -€1,571 | -7.1% |
| Total equity and liabilities | 10/49 | €3,387,405 | €2,574,834 | -€812,571 | -24.0% |
| Equity | 10/15 | €620,065 | €761,971 | +€141,906 | +22.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €543,000 | €685,000 | +€142,000 | +26.2% |
| Distributable reserves | 133 | €543,000 | €685,000 | +€142,000 | +26.2% |
| Profit (loss) carried forward | 14 | €2,065 | €1,971 | -€94 | -4.5% |
| Amounts payable | 17/49 | €2,767,340 | €1,812,863 | -€954,477 | -34.5% |
| Amounts payable within one year | 42/48 | €2,155,340 | €1,268,863 | -€886,477 | -41.1% |
| Trade debts | 44 | €1,695,981 | €863,721 | -€832,260 | -49.1% |
| Suppliers | 440/4 | €1,695,981 | €863,721 | -€832,260 | -49.1% |
| Taxes, remuneration and social security | 45 | €170,649 | €205,142 | +€34,493 | +20.2% |
| Taxes | 450/3 | €8,901 | €7,440 | -€1,461 | -16.4% |
| Remuneration and social security | 454/9 | €161,748 | €197,702 | +€35,954 | +22.2% |
| Other amounts payable | 47/48 | €288,710 | €200,000 | -€88,710 | -30.7% |
| Accrued charges and deferred income | 492/3 | €612,000 | €544,000 | -€68,000 | -11.1% |
| Remuneration, social security and pensions | 62 | €1,193,430 | €1,154,312 | -€39,118 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,287 | €48,394 | -€892 | -1.8% |
| Other operating charges | 640/8 | €2,796 | €7,881 | +€5,085 | +181.9% |
| Gross operating margin | 9900 | €1,678,801 | €1,686,894 | +€8,094 | +0.5% |
| Operating profit (loss) | 9901 | €433,288 | €476,307 | +€43,019 | +9.9% |
| Financial income | 75/76B | €9,657 | €9,343 | -€314 | -3.2% |
| Recurring financial income | 75 | €9,657 | €9,343 | -€314 | -3.2% |
| Financial charges | 65/66B | €15,438 | €17,694 | +€2,256 | +14.6% |
| Recurring financial charges | 65 | €13,024 | €17,694 | +€4,670 | +35.9% |
| Non-recurring financial charges | 66B | €2,414 | - | -€2,414 | |
| Profit (loss) for the period before taxes | 9903 | €427,507 | €467,957 | +€40,449 | +9.5% |
| Income taxes | 67/77 | €119,031 | €126,051 | +€7,020 | +5.9% |
| Profit (loss) for the period | 9904 | €308,477 | €341,906 | +€33,429 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €308,477 | €341,906 | +€33,429 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.