GIMAREC: what changed
Two fiscal 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.
GIMAREC
Largest movements
- Tangible fixed assets -€2,250
down €2,250 (-8.9%), from €25,220 to €22,970
- Cash -€1,469
down €1,469 (-99.1%), from €1,483 to €14
mainly Net result for the year (-€4,744) and Tax, wage and social debts (-€1,228)
- Receivables within one year -€1,085
down €1,085 (-1.5%), from €74,018 to €72,934
of which Other amounts receivable: -€915
- Profit (loss) carried forward -€4,744
down €4,744 (-6.4%), from €74,568 to €69,824
- Tax, wage and social debts -€1,228
down €1,228 (-67.5%), from €1,818 to €590
- Trade debts +€1,168
up €1,168 (+93.0%), from €1,257 to €2,425
- Gross operating margin -€7,810
down €7,810, from €5,821 to -€1,990
- Depreciation -€949
down €949 (-29.7%), from €3,198 to €2,250
- Taxes -€590
no longer reported in 2025 (was €590)
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 | €103,704 | €98,901 | -€4,803 | -4.6% |
| Fixed assets | 21/28 | €28,203 | €25,954 | -€2,250 | -8.0% |
| Tangible fixed assets | 22/27 | €25,220 | €22,970 | -€2,250 | -8.9% |
| Land and buildings | 22 | €948 | €548 | -€401 | -42.2% |
| Plant, machinery and equipment | 23 | €485 | €270 | -€215 | -44.3% |
| Other tangible fixed assets | 26 | €5,034 | €4,159 | -€875 | -17.4% |
| Assets under construction and advance payments | 27 | €18,753 | €17,994 | -€759 | -4.0% |
| Financial fixed assets | 28 | €2,984 | €2,984 | = | 0.0% |
| Current assets | 29/58 | €75,501 | €72,948 | -€2,554 | -3.4% |
| Amounts receivable within one year | 40/41 | €74,018 | €72,934 | -€1,085 | -1.5% |
| Trade receivables | 40 | €11,950 | €11,781 | -€169 | -1.4% |
| Other amounts receivable | 41 | €62,068 | €61,153 | -€915 | -1.5% |
| Cash at bank and in hand | 54/58 | €1,483 | €14 | -€1,469 | -99.1% |
| Total equity and liabilities | 10/49 | €103,704 | €98,901 | -€4,803 | -4.6% |
| Equity | 10/15 | €100,630 | €95,886 | -€4,744 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,462 | €7,462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,602 | €5,602 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,568 | €69,824 | -€4,744 | -6.4% |
| Amounts payable | 17/49 | €3,075 | €3,015 | -€60 | -1.9% |
| Amounts payable within one year | 42/48 | €3,075 | €3,015 | -€60 | -1.9% |
| Trade debts | 44 | €1,257 | €2,425 | +€1,168 | +93.0% |
| Suppliers | 440/4 | €1,257 | €2,425 | +€1,168 | +93.0% |
| Taxes, remuneration and social security | 45 | €1,818 | €590 | -€1,228 | -67.5% |
| Taxes | 450/3 | €1,818 | €590 | -€1,228 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,198 | €2,250 | -€949 | -29.7% |
| Other operating charges | 640/8 | €276 | €279 | +€4 | +1.3% |
| Gross operating margin | 9900 | €5,821 | -€1,990 | -€7,810 | |
| Operating profit (loss) | 9901 | €2,347 | -€4,518 | -€6,865 | |
| Financial charges | 65/66B | €180 | €225 | +€45 | +25.1% |
| Recurring financial charges | 65 | €180 | €225 | +€45 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €2,167 | -€4,744 | -€6,911 | |
| Income taxes | 67/77 | €590 | - | -€590 | |
| Profit (loss) for the period | 9904 | €1,576 | -€4,744 | -€6,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,576 | -€4,744 | -€6,320 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.