Gimax: 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.
Gimax
Largest movements
- Cash +€26,162
up €26,162 (+82.8%), from €31,599 to €57,760
mainly Advances received (+€19,500) and Trade debts (+€9,415)
- Receivables within one year +€3,038
up €3,038 (+13.4%), from €22,636 to €25,674
of which Trade receivables: +€7,696
- Deferred charges and accrued income -€2,000
no longer reported in 2025 (was €2,000)
- Tangible fixed assets -€1,997
down €1,997 (-35.0%), from €5,708 to €3,711
of which Furniture and vehicles: -€2,290
- Advances received +€19,500
new in 2025: €19,500
- Trade debts +€9,415
up €9,415 (+115.5%), from €8,151 to €17,566
- Reserves +€5,000
up €5,000 (+16.7%), from €30,000 to €35,000
- Other debts -€4,787
down €4,787 (-27.6%), from €17,360 to €12,573
- Tax, wage and social debts -€2,671
down €2,671 (-48.2%), from €5,537 to €2,866
of which Taxes: -€3,648
- Staff costs +€4,963
up €4,963 (+162.2%), from €3,059 to €8,022
- Gross operating margin +€4,717
up €4,717 (+32.0%), from €14,727 to €19,443
- Depreciation +€502
up €502 (+19.9%), from €2,527 to €3,028
- Financial charges -€444
down €444 (-32.5%), from €1,367 to €923
- Financial income -€226
down €226 (-75.0%), from €302 to €76
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 | €68,242 | €94,270 | +€26,028 | +38.1% |
| Fixed assets | 21/28 | €5,708 | €3,711 | -€1,997 | -35.0% |
| Tangible fixed assets | 22/27 | €5,708 | €3,711 | -€1,997 | -35.0% |
| Plant, machinery and equipment | 23 | €435 | €215 | -€220 | -50.6% |
| Furniture and vehicles | 24 | €3,392 | €1,102 | -€2,290 | -67.5% |
| Other tangible fixed assets | 26 | €1,881 | €2,394 | +€514 | +27.3% |
| Current assets | 29/58 | €62,535 | €90,559 | +€28,025 | +44.8% |
| Stocks and contracts in progress | 3 | €6,300 | €7,125 | +€825 | +13.1% |
| Stocks | 30/36 | €6,300 | €7,125 | +€825 | +13.1% |
| Amounts receivable within one year | 40/41 | €22,636 | €25,674 | +€3,038 | +13.4% |
| Trade receivables | 40 | €16,945 | €24,641 | +€7,696 | +45.4% |
| Other amounts receivable | 41 | €5,691 | €1,033 | -€4,658 | -81.8% |
| Cash at bank and in hand | 54/58 | €31,599 | €57,760 | +€26,162 | +82.8% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €68,242 | €94,270 | +€26,028 | +38.1% |
| Equity | 10/15 | €37,194 | €41,765 | +€4,571 | +12.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Distributable reserves | 133 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Profit (loss) carried forward | 14 | €2,194 | €1,765 | -€429 | -19.5% |
| Amounts payable | 17/49 | €31,048 | €52,505 | +€21,457 | +69.1% |
| Amounts payable within one year | 42/48 | €31,048 | €52,505 | +€21,457 | +69.1% |
| Trade debts | 44 | €8,151 | €17,566 | +€9,415 | +115.5% |
| Suppliers | 440/4 | €8,151 | €17,566 | +€9,415 | +115.5% |
| Advances received on contracts in progress | 46 | - | €19,500 | +€19,500 | |
| Taxes, remuneration and social security | 45 | €5,537 | €2,866 | -€2,671 | -48.2% |
| Taxes | 450/3 | €5,340 | €1,693 | -€3,648 | -68.3% |
| Remuneration and social security | 454/9 | €196 | €1,173 | +€977 | +497.6% |
| Other amounts payable | 47/48 | €17,360 | €12,573 | -€4,787 | -27.6% |
| Remuneration, social security and pensions | 62 | €3,059 | €8,022 | +€4,963 | +162.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,527 | €3,028 | +€502 | +19.9% |
| Other operating charges | 640/8 | €1,362 | €1,401 | +€39 | +2.9% |
| Gross operating margin | 9900 | €14,727 | €19,443 | +€4,717 | +32.0% |
| Operating profit (loss) | 9901 | €7,779 | €6,993 | -€786 | -10.1% |
| Financial income | 75/76B | €302 | €76 | -€226 | -75.0% |
| Recurring financial income | 75 | €302 | €76 | -€226 | -75.0% |
| Financial charges | 65/66B | €1,367 | €923 | -€444 | -32.5% |
| Recurring financial charges | 65 | €1,367 | €923 | -€444 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €6,715 | €6,146 | -€569 | -8.5% |
| Income taxes | 67/77 | €1,642 | €1,575 | -€67 | -4.1% |
| Profit (loss) for the period | 9904 | €5,073 | €4,571 | -€502 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,073 | €4,571 | -€502 | -9.9% |
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 12 October 2026 via checked.be.