GIMCO SIO: 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.
GIMCO SIO
Largest movements
- Cash -€22,228
down €22,228 (-44.5%), from €50,000 to €27,772
mainly Debts after one year (-€134,131) and Net result for the year (-€90,507)
- Receivables within one year +€18,838
new in 2025: €18,838
of which Trade receivables: +€18,140
- Other debts +€206,514
up €206,514 (+25.5%), from €811,138 to €1.0m
- Debts after one year -€134,131
down €134,131 (-100%), from €134,131 to €0
- Profit (loss) carried forward -€90,507
down €90,507 (-7.9%), from -€1.1m to -€1.2m
- Trade debts +€13,796
new in 2025: €13,796
- Tax, wage and social debts +€13,426
new in 2025: €13,426
of which Remuneration and social security: +€13,260
- Staff costs +€91,915
new in 2025: €91,915
- Gross operating margin +€25,780
up €25,780 (+1,458%), from €1,768 to €27,548
- Financial charges -€11,251
down €11,251 (-32.1%), from €34,999 to €23,748
- Financial income -€4,671
down €4,671 (-77.9%), from €6,000 to €1,329
of which Financial income: -€5,529
- Other operating charges -€1,094
down €1,094 (-24.1%), from €4,535 to €3,441
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 | €213,289 | €211,845 | -€1,445 | -0.7% |
| Fixed assets | 21/28 | €163,289 | €164,932 | +€1,643 | +1.0% |
| Tangible fixed assets | 22/27 | €163,288 | €164,932 | +€1,644 | +1.0% |
| Land and buildings | 22 | €163,288 | €163,288 | = | 0.0% |
| Furniture and vehicles | 24 | - | €1,644 | +€1,644 | |
| Financial fixed assets | 28 | €1 | €0 | -€1 | -100% |
| Current assets | 29/58 | €50,000 | €46,912 | -€3,088 | -6.2% |
| Amounts receivable within one year | 40/41 | - | €18,838 | +€18,838 | |
| Trade receivables | 40 | - | €18,140 | +€18,140 | |
| Other amounts receivable | 41 | - | €699 | +€699 | |
| Cash at bank and in hand | 54/58 | €50,000 | €27,772 | -€22,228 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €302 | +€302 | |
| Total equity and liabilities | 10/49 | €213,289 | €211,845 | -€1,445 | -0.7% |
| Equity | 10/15 | -€743,289 | -€833,796 | -€90,507 | -12.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,143,289 | -€1,233,796 | -€90,507 | -7.9% |
| Amounts payable | 17/49 | €956,579 | €1,045,641 | +€89,062 | +9.3% |
| Amounts payable after more than one year | 17 | €134,131 | €0 | -€134,131 | -100% |
| Other amounts payable | 178/9 | €134,131 | €0 | -€134,131 | -100% |
| Amounts payable within one year | 42/48 | €821,977 | €1,044,873 | +€222,896 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €10,839 | €0 | -€10,839 | -100% |
| Trade debts | 44 | - | €13,796 | +€13,796 | |
| Suppliers | 440/4 | - | €13,796 | +€13,796 | |
| Taxes, remuneration and social security | 45 | - | €13,426 | +€13,426 | |
| Taxes | 450/3 | - | €165 | +€165 | |
| Remuneration and social security | 454/9 | - | €13,260 | +€13,260 | |
| Other amounts payable | 47/48 | €811,138 | €1,017,651 | +€206,514 | +25.5% |
| Accrued charges and deferred income | 492/3 | €471 | €767 | +€296 | +62.9% |
| Non-recurring operating income | 76A | €9,884 | €0 | -€9,884 | -100% |
| Remuneration, social security and pensions | 62 | - | €91,915 | +€91,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €114 | +€114 | |
| Other operating charges | 640/8 | €4,535 | €3,441 | -€1,094 | -24.1% |
| Gross operating margin | 9900 | €1,768 | €27,548 | +€25,780 | +1,458% |
| Operating profit (loss) | 9901 | -€2,767 | -€67,921 | -€65,154 | -2,354% |
| Financial income | 75/76B | €6,000 | €1,329 | -€4,671 | -77.9% |
| Recurring financial income | 75 | €6,000 | €471 | -€5,529 | -92.1% |
| Non-recurring financial income | 76B | €6,000 | €857 | -€5,142 | -85.7% |
| Financial charges | 65/66B | €34,999 | €23,748 | -€11,251 | -32.1% |
| Recurring financial charges | 65 | €34,999 | €23,748 | -€11,251 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,767 | -€90,341 | -€58,574 | -184% |
| Income taxes | 67/77 | - | €165 | +€165 | |
| Profit (loss) for the period | 9904 | -€31,767 | -€90,507 | -€58,740 | -185% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,767 | -€90,507 | -€58,740 | -185% |
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 22 October 2026 via checked.be.