GIMMACO: what changed
Two fiscal 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.
GIMMACO
Largest movements
- Receivables after one year -€203,000
down €203,000 (-13.8%), from €1.5m to €1.3m
- Cash -€101,826
down €101,826 (-46.5%), from €219,115 to €117,289
mainly Debts after one year (-€139,102) and Other debts (-€100,980)
- Current investments +€98,144
up €98,144 (+3.4%), from €2.9m to €3.0m
- Debts after one year -€139,102
down €139,102 (-11.5%), from €1.2m to €1.1m
of which Financial debts: -€139,102
- Other debts -€100,980
down €100,980 (-37.7%), from €267,546 to €166,566
- Reserves +€78,363
up €78,363 (+1.5%), from €5.3m to €5.4m
of which Distributable reserves: +€80,330
- Financial income -€90,048
down €90,048 (-30.1%), from €299,323 to €209,275
- Gross operating margin -€63,385
down €63,385 (-39.6%), from €159,916 to €96,531
- Taxes -€43,212
down €43,212 (-68.9%), from €62,724 to €19,513
- Depreciation +€27,789
up €27,789 (+40.8%), from €68,168 to €95,957
- Financial charges +€7,022
up €7,022 (+7.6%), from €91,954 to €98,976
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 | €7,096,676 | €6,886,249 | -€210,427 | -3.0% |
| Fixed assets | 21/28 | €2,364,881 | €2,364,374 | -€507 | 0.0% |
| Tangible fixed assets | 22/27 | €2,364,881 | €2,364,374 | -€507 | 0.0% |
| Land and buildings | 22 | €2,200,489 | €2,216,050 | +€15,561 | +0.7% |
| Plant, machinery and equipment | 23 | €7,694 | €22,638 | +€14,945 | +194.2% |
| Furniture and vehicles | 24 | €156,698 | €114,485 | -€42,212 | -26.9% |
| Other tangible fixed assets | 26 | - | €11,200 | +€11,200 | |
| Current assets | 29/58 | €4,731,795 | €4,521,875 | -€209,919 | -4.4% |
| Amounts receivable after more than one year | 29 | €1,474,000 | €1,271,000 | -€203,000 | -13.8% |
| Other amounts receivable | 291 | €1,474,000 | €1,271,000 | -€203,000 | -13.8% |
| Amounts receivable within one year | 40/41 | €124,586 | €124,686 | +€100 | +0.1% |
| Trade receivables | 40 | €12,261 | €19,889 | +€7,628 | +62.2% |
| Other amounts receivable | 41 | €112,325 | €104,797 | -€7,527 | -6.7% |
| Current investments | 50/53 | €2,905,395 | €3,003,539 | +€98,144 | +3.4% |
| Cash at bank and in hand | 54/58 | €219,115 | €117,289 | -€101,826 | -46.5% |
| Deferred charges and accrued income | 490/1 | €8,699 | €5,361 | -€3,338 | -38.4% |
| Total equity and liabilities | 10/49 | €7,096,676 | €6,886,249 | -€210,427 | -3.0% |
| Equity | 10/15 | €5,303,574 | €5,381,937 | +€78,363 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,283,574 | €5,361,937 | +€78,363 | +1.5% |
| Tax-exempt reserves | 132 | €133,359 | €131,392 | -€1,967 | -1.5% |
| Distributable reserves | 133 | €5,150,215 | €5,230,545 | +€80,330 | +1.6% |
| Provisions and deferred taxes | 16 | €33,340 | €32,848 | -€492 | -1.5% |
| Deferred taxes | 168 | €33,340 | €32,848 | -€492 | -1.5% |
| Amounts payable | 17/49 | €1,759,762 | €1,471,464 | -€288,298 | -16.4% |
| Amounts payable after more than one year | 17 | €1,209,115 | €1,070,013 | -€139,102 | -11.5% |
| Financial debts | 170/4 | €1,195,615 | €1,056,513 | -€139,102 | -11.6% |
| Other amounts payable | 178/9 | €13,500 | €13,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €537,328 | €389,720 | -€147,609 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €195,847 | €175,986 | -€19,861 | -10.1% |
| Trade debts | 44 | €52,051 | €32,981 | -€19,070 | -36.6% |
| Suppliers | 440/4 | €52,051 | €32,981 | -€19,070 | -36.6% |
| Taxes, remuneration and social security | 45 | €21,884 | €14,186 | -€7,698 | -35.2% |
| Taxes | 450/3 | €21,884 | €14,186 | -€7,698 | -35.2% |
| Other amounts payable | 47/48 | €267,546 | €166,566 | -€100,980 | -37.7% |
| Accrued charges and deferred income | 492/3 | €13,319 | €11,731 | -€1,588 | -11.9% |
| Non-recurring operating income | 76A | €29,901 | - | -€29,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,168 | €95,957 | +€27,789 | +40.8% |
| Other operating charges | 640/8 | €17,553 | €13,329 | -€4,224 | -24.1% |
| Non-recurring operating charges | 66A | - | €160 | +€160 | |
| Gross operating margin | 9900 | €159,916 | €96,531 | -€63,385 | -39.6% |
| Operating profit (loss) | 9901 | €74,194 | -€12,915 | -€87,110 | |
| Financial income | 75/76B | €299,323 | €209,275 | -€90,048 | -30.1% |
| Recurring financial income | 75 | €299,323 | €209,275 | -€90,048 | -30.1% |
| Financial charges | 65/66B | €91,954 | €98,976 | +€7,022 | +7.6% |
| Recurring financial charges | 65 | €91,954 | €98,976 | +€7,022 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €281,563 | €97,384 | -€184,179 | -65.4% |
| Transfer from deferred taxes | 780 | - | €492 | +€492 | |
| Income taxes | 67/77 | €62,724 | €19,513 | -€43,212 | -68.9% |
| Profit (loss) for the period | 9904 | €218,839 | €78,363 | -€140,476 | -64.2% |
| Transfer from tax-exempt reserves | 789 | - | €1,967 | +€1,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €218,839 | €80,330 | -€138,509 | -63.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.