GIMIBEL: 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.
GIMIBEL
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+609%), from €201,736 to €1.4m
of which Land and buildings: +€1.2m
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€64,145
up €64,145 (+106%), from €60,799 to €124,944
mainly Debts after one year (+€942,982) and Other debts (+€137,342)
- Receivables within one year -€56,286
down €56,286 (-6.4%), from €876,793 to €820,507
of which Other amounts receivable: -€84,939
- Debts after one year +€942,982
new in 2025: €942,982
- Other debts +€137,342
up €137,342 (+841%), from €16,322 to €153,664
- Trade debts +€46,595
up €46,595 (+6,077%), from €767 to €47,362
- Current portion of long-term debt +€39,331
new in 2025: €39,331
- Depreciation +€44,853
up €44,853 (+187%), from €23,969 to €68,822
- Gross operating margin -€32,741
down €32,741 (-46.5%), from €70,359 to €37,618
- Taxes -€17,151
down €17,151 (-98.5%), from €17,405 to €254
- Financial income -€5,092
down €5,092 (-7.7%), from €65,898 to €60,806
- Financial charges +€4,410
up €4,410 (+332%), from €1,329 to €5,739
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 | €1,245,520 | €2,392,414 | +€1.1m | +92.1% |
| Fixed assets | 21/28 | €201,736 | €1,429,806 | +€1.2m | +609% |
| Tangible fixed assets | 22/27 | €201,736 | €1,429,806 | +€1.2m | +609% |
| Land and buildings | 22 | €134,370 | €1,374,220 | +€1.2m | +923% |
| Plant, machinery and equipment | 23 | €4,715 | €5,059 | +€343 | +7.3% |
| Furniture and vehicles | 24 | €62,650 | €44,659 | -€17,991 | -28.7% |
| Other tangible fixed assets | 26 | - | €5,867 | +€5,867 | |
| Current assets | 29/58 | €1,043,785 | €962,608 | -€81,177 | -7.8% |
| Amounts receivable within one year | 40/41 | €876,793 | €820,507 | -€56,286 | -6.4% |
| Trade receivables | 40 | €28,225 | €56,878 | +€28,653 | +102% |
| Other amounts receivable | 41 | €848,568 | €763,629 | -€84,939 | -10.0% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €60,799 | €124,944 | +€64,145 | +106% |
| Deferred charges and accrued income | 490/1 | €6,193 | €17,157 | +€10,964 | +177% |
| Total equity and liabilities | 10/49 | €1,245,520 | €2,392,414 | +€1.1m | +92.1% |
| Equity | 10/15 | €1,192,621 | €1,189,464 | -€3,157 | -0.3% |
| Contributions | 10/11 | €325,001 | €325,001 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Contributions outside capital | 11 | €1 | €1 | = | 0.0% |
| Share premium | 1100/10 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €863,135 | €863,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,135 | €33,135 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €635 | €635 | = | 0.0% |
| Distributable reserves | 133 | €830,000 | €830,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,484 | €1,327 | -€3,157 | -70.4% |
| Amounts payable | 17/49 | €52,900 | €1,202,950 | +€1.2m | +2,174% |
| Amounts payable after more than one year | 17 | - | €942,982 | +€942,982 | |
| Financial debts | 170/4 | - | €942,982 | +€942,982 | |
| Amounts payable within one year | 42/48 | €38,306 | €250,006 | +€211,700 | +553% |
| Current portion of amounts payable after more than one year | 42 | - | €39,331 | +€39,331 | |
| Trade debts | 44 | €767 | €47,362 | +€46,595 | +6,077% |
| Suppliers | 440/4 | €767 | €47,362 | +€46,595 | +6,077% |
| Taxes, remuneration and social security | 45 | €21,218 | €9,649 | -€11,569 | -54.5% |
| Taxes | 450/3 | €21,218 | €9,649 | -€11,569 | -54.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,322 | €153,664 | +€137,342 | +841% |
| Accrued charges and deferred income | 492/3 | €14,594 | €9,962 | -€4,631 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,969 | €68,822 | +€44,853 | +187% |
| Other operating charges | 640/8 | €21,931 | €25,049 | +€3,118 | +14.2% |
| Non-recurring operating charges | 66A | - | €1,717 | +€1,717 | |
| Gross operating margin | 9900 | €70,359 | €37,618 | -€32,741 | -46.5% |
| Operating profit (loss) | 9901 | €24,458 | -€57,971 | -€82,429 | |
| Financial income | 75/76B | €65,898 | €60,806 | -€5,092 | -7.7% |
| Recurring financial income | 75 | €65,898 | €60,806 | -€5,092 | -7.7% |
| Financial charges | 65/66B | €1,329 | €5,739 | +€4,410 | +332% |
| Recurring financial charges | 65 | €1,329 | €5,739 | +€4,410 | +332% |
| Profit (loss) for the period before taxes | 9903 | €89,027 | -€2,903 | -€91,930 | |
| Income taxes | 67/77 | €17,405 | €254 | -€17,151 | -98.5% |
| Profit (loss) for the period | 9904 | €71,623 | -€3,157 | -€74,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,623 | -€3,157 | -€74,780 |
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 14 October 2026 via checked.be.