GIMELCO: 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.
GIMELCO
Largest movements
- Receivables within one year +€15,970
up €15,970 (+22.7%), from €70,353 to €86,323
of which Trade receivables: +€22,626
- Advances received +€37,500
up €37,500 (+2,500%), from €1,500 to €39,000
- Tax, wage and social debts -€9,277
down €9,277 (-69.4%), from €13,366 to €4,090
- Trade debts -€7,425
down €7,425 (-18.9%), from €39,300 to €31,876
- Profit (loss) carried forward -€4,864
down €4,864 (-59.4%), from €8,188 to €3,324
- Write-downs +€11,120
new in 2025: €11,120
- Taxes -€1,451
no longer reported in 2025 (was €1,451)
- Other operating charges -€249
down €249 (-44.4%), from €561 to €312
- Gross operating margin -€77
down €77 (-1.1%), from €6,751 to €6,673
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 | €70,415 | €86,349 | +€15,934 | +22.6% |
| Current assets | 29/58 | €70,415 | €86,349 | +€15,934 | +22.6% |
| Amounts receivable within one year | 40/41 | €70,353 | €86,323 | +€15,970 | +22.7% |
| Trade receivables | 40 | €26,268 | €48,894 | +€22,626 | +86.1% |
| Other amounts receivable | 41 | €44,085 | €37,429 | -€6,656 | -15.1% |
| Cash at bank and in hand | 54/58 | €62 | €26 | -€36 | -57.5% |
| Total equity and liabilities | 10/49 | €70,415 | €86,349 | +€15,934 | +22.6% |
| Equity | 10/15 | €16,248 | €11,384 | -€4,864 | -29.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,188 | €3,324 | -€4,864 | -59.4% |
| Amounts payable | 17/49 | €54,167 | €74,965 | +€20,799 | +38.4% |
| Amounts payable within one year | 42/48 | €54,167 | €74,965 | +€20,799 | +38.4% |
| Trade debts | 44 | €39,300 | €31,876 | -€7,425 | -18.9% |
| Suppliers | 440/4 | €39,300 | €31,876 | -€7,425 | -18.9% |
| Advances received on contracts in progress | 46 | €1,500 | €39,000 | +€37,500 | +2,500% |
| Taxes, remuneration and social security | 45 | €13,366 | €4,090 | -€9,277 | -69.4% |
| Taxes | 450/3 | €13,366 | €4,090 | -€9,277 | -69.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,120 | +€11,120 | |
| Other operating charges | 640/8 | €561 | €312 | -€249 | -44.4% |
| Gross operating margin | 9900 | €6,751 | €6,673 | -€77 | -1.1% |
| Operating profit (loss) | 9901 | €6,189 | -€4,759 | -€10,948 | |
| Financial charges | 65/66B | €112 | €105 | -€7 | -5.9% |
| Recurring financial charges | 65 | €112 | €105 | -€7 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €6,077 | -€4,864 | -€10,942 | |
| Income taxes | 67/77 | €1,451 | - | -€1,451 | |
| Profit (loss) for the period | 9904 | €4,626 | -€4,864 | -€9,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,626 | -€4,864 | -€9,490 |
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 26 October 2026 via checked.be.