GIMAX MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€3.1m
up €3.1m (+55.1%), from €5.7m to €8.8m
of which Land and buildings: +€3.0m
- Debts after one year +€2.4m
up €2.4m (+90.8%), from €2.6m to €5.0m
of which Financial debts: +€2.4m
- Other debts +€976,372
up €976,372 (+144%), from €676,868 to €1.7m
- Profit (loss) carried forward -€334,427
down €334,427 (-942%), from -€35,506 to -€369,933
- Depreciation +€219,252
up €219,252 (+65.0%), from €337,562 to €556,813
- Financial charges +€175,078
up €175,078 (+294%), from €59,534 to €234,612
of which Non-recurring financial charges: +€125,170
- Gross operating margin +€105,742
up €105,742 (+24.2%), from €436,606 to €542,348
- Other operating charges +€14,278
up €14,278 (+19.0%), from €75,142 to €89,420
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 | €6,003,891 | €9,145,774 | +€3.1m | +52.3% |
| Fixed assets | 21/28 | €5,681,740 | €8,813,385 | +€3.1m | +55.1% |
| Tangible fixed assets | 22/27 | €5,681,740 | €8,813,385 | +€3.1m | +55.1% |
| Land and buildings | 22 | €5,671,647 | €8,651,444 | +€3.0m | +52.5% |
| Furniture and vehicles | 24 | €6,587 | €80,832 | +€74,245 | +1,127% |
| Assets under construction and advance payments | 27 | €3,505 | €81,108 | +€77,603 | +2,214% |
| Current assets | 29/58 | €322,152 | €332,390 | +€10,238 | +3.2% |
| Amounts receivable within one year | 40/41 | €181,116 | €218,055 | +€36,939 | +20.4% |
| Trade receivables | 40 | €57,446 | €58,551 | +€1,106 | +1.9% |
| Other amounts receivable | 41 | €123,670 | €159,504 | +€35,833 | +29.0% |
| Current investments | 50/53 | €80,111 | €80,111 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,606 | €22,495 | +€8,888 | +65.3% |
| Deferred charges and accrued income | 490/1 | €47,319 | €11,729 | -€35,590 | -75.2% |
| Total equity and liabilities | 10/49 | €6,003,891 | €9,145,774 | +€3.1m | +52.3% |
| Equity | 10/15 | €2,426,245 | €2,091,818 | -€334,427 | -13.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,399,778 | €2,399,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €2,393,580 | €2,393,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,506 | -€369,933 | -€334,427 | -942% |
| Amounts payable | 17/49 | €3,577,646 | €7,053,956 | +€3.5m | +97.2% |
| Amounts payable after more than one year | 17 | €2,643,362 | €5,042,555 | +€2.4m | +90.8% |
| Financial debts | 170/4 | €2,633,612 | €4,993,532 | +€2.4m | +89.6% |
| Other amounts payable | 178/9 | €9,750 | €49,023 | +€39,273 | +403% |
| Amounts payable within one year | 42/48 | €913,266 | €1,979,909 | +€1.1m | +117% |
| Financial debts | 43 | €212,969 | €285,262 | +€72,292 | +33.9% |
| Credit institutions | 430/8 | €212,969 | €285,262 | +€72,292 | +33.9% |
| Trade debts | 44 | €5,362 | €23,110 | +€17,748 | +331% |
| Suppliers | 440/4 | €5,362 | €23,110 | +€17,748 | +331% |
| Taxes, remuneration and social security | 45 | €18,066 | €18,297 | +€231 | +1.3% |
| Taxes | 450/3 | €18,066 | €18,297 | +€231 | +1.3% |
| Other amounts payable | 47/48 | €676,868 | €1,653,240 | +€976,372 | +144% |
| Accrued charges and deferred income | 492/3 | €21,018 | €31,492 | +€10,474 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,562 | €556,813 | +€219,252 | +65.0% |
| Other operating charges | 640/8 | €75,142 | €89,420 | +€14,278 | +19.0% |
| Gross operating margin | 9900 | €436,606 | €542,348 | +€105,742 | +24.2% |
| Operating profit (loss) | 9901 | €23,903 | -€103,885 | -€127,788 | |
| Financial income | 75/76B | €4,396 | €4,397 | +€1 | 0.0% |
| Recurring financial income | 75 | €4,396 | €4,397 | +€1 | 0.0% |
| Financial charges | 65/66B | €59,534 | €234,612 | +€175,078 | +294% |
| Recurring financial charges | 65 | €59,534 | €109,442 | +€49,907 | +83.8% |
| Non-recurring financial charges | 66B | - | €125,170 | +€125,170 | |
| Profit (loss) for the period before taxes | 9903 | -€31,235 | -€334,100 | -€302,865 | -970% |
| Income taxes | 67/77 | €177 | €327 | +€150 | +84.4% |
| Profit (loss) for the period | 9904 | -€31,413 | -€334,427 | -€303,014 | -965% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,413 | -€334,427 | -€303,014 | -965% |
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 16 October 2026 via checked.be.