GIMAR et Cie: 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.
GIMAR et Cie
Largest movements
- Tangible fixed assets +€500,861
up €500,861 (+91.1%), from €549,512 to €1.1m
of which Land and buildings: +€499,809
- Cash -€122,121
down €122,121 (-46.2%), from €264,077 to €141,956
mainly Investment in fixed assets (net) (-€566,348) and Contributions, distributions and other (-€75,000)
- Receivables within one year -€46,485
down €46,485 (-78.9%), from €58,933 to €12,448
of which Trade receivables: -€44,211
- Stocks and contracts -€24,653
down €24,653 (-25.9%), from €95,191 to €70,539
- Other debts +€257,908
up €257,908 (+147%), from €175,786 to €433,694
- Reserves +€51,753
up €51,753 (+26.0%), from €199,158 to €250,911
- Gross operating margin +€18,917
up €18,917 (+9.7%), from €194,597 to €213,514
- Write-downs -€10,565
new in 2025: -€10,565
- Depreciation +€9,205
up €9,205 (+16.4%), from €56,281 to €65,487
- Taxes +€4,564
up €4,564 (+27.5%), from €16,606 to €21,170
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.
Derived cash bridge
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 | €968,541 | €1,276,601 | +€308,060 | +31.8% |
| Fixed assets | 21/28 | €550,340 | €1,051,201 | +€500,861 | +91.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €549,512 | €1,050,373 | +€500,861 | +91.1% |
| Land and buildings | 22 | €401,879 | €901,689 | +€499,809 | +124% |
| Furniture and vehicles | 24 | €12,737 | €11,733 | -€1,003 | -7.9% |
| Other tangible fixed assets | 26 | €134,896 | €136,951 | +€2,055 | +1.5% |
| Financial fixed assets | 28 | €828 | €828 | = | 0.0% |
| Current assets | 29/58 | €418,201 | €225,400 | -€192,801 | -46.1% |
| Stocks and contracts in progress | 3 | €95,191 | €70,539 | -€24,653 | -25.9% |
| Stocks | 30/36 | €95,191 | €70,539 | -€24,653 | -25.9% |
| Amounts receivable within one year | 40/41 | €58,933 | €12,448 | -€46,485 | -78.9% |
| Trade receivables | 40 | €56,469 | €12,257 | -€44,211 | -78.3% |
| Other amounts receivable | 41 | €2,465 | €191 | -€2,274 | -92.3% |
| Cash at bank and in hand | 54/58 | €264,077 | €141,956 | -€122,121 | -46.2% |
| Deferred charges and accrued income | 490/1 | - | €457 | +€457 | |
| Total equity and liabilities | 10/49 | €968,541 | €1,276,601 | +€308,060 | +31.8% |
| Equity | 10/15 | €657,926 | €709,680 | +€51,753 | +7.9% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €199,158 | €250,911 | +€51,753 | +26.0% |
| Distributable reserves | 133 | €199,158 | €250,911 | +€51,753 | +26.0% |
| Profit (loss) carried forward | 14 | €433,968 | €433,968 | = | 0.0% |
| Amounts payable | 17/49 | €310,615 | €566,921 | +€256,306 | +82.5% |
| Amounts payable after more than one year | 17 | €97,546 | €87,743 | -€9,803 | -10.0% |
| Financial debts | 170/4 | €97,546 | €87,743 | -€9,803 | -10.0% |
| Amounts payable within one year | 42/48 | €213,069 | €479,178 | +€266,109 | +125% |
| Current portion of amounts payable after more than one year | 42 | €13,512 | €13,613 | +€101 | +0.7% |
| Trade debts | 44 | €16,237 | €16,710 | +€474 | +2.9% |
| Suppliers | 440/4 | €16,237 | €16,710 | +€474 | +2.9% |
| Taxes, remuneration and social security | 45 | €7,535 | €15,161 | +€7,627 | +101% |
| Taxes | 450/3 | €7,535 | €15,161 | +€7,627 | +101% |
| Other amounts payable | 47/48 | €175,786 | €433,694 | +€257,908 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,281 | €65,487 | +€9,205 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,565 | -€10,565 | |
| Other operating charges | 640/8 | €7,542 | €8,435 | +€893 | +11.8% |
| Gross operating margin | 9900 | €194,597 | €213,514 | +€18,917 | +9.7% |
| Operating profit (loss) | 9901 | €130,773 | €150,158 | +€19,384 | +14.8% |
| Financial income | 75/76B | €2,137 | €8 | -€2,129 | -99.6% |
| Recurring financial income | 75 | €2,137 | €8 | -€2,129 | -99.6% |
| Financial charges | 65/66B | €2,497 | €2,242 | -€256 | -10.2% |
| Recurring financial charges | 65 | €2,497 | €2,242 | -€256 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €130,413 | €147,923 | +€17,511 | +13.4% |
| Income taxes | 67/77 | €16,606 | €21,170 | +€4,564 | +27.5% |
| Profit (loss) for the period | 9904 | €113,806 | €126,753 | +€12,947 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,806 | €126,753 | +€12,947 | +11.4% |
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 30 October 2026 via checked.be.