GIMMIC: 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.
GIMMIC
Largest movements
- Tangible fixed assets -€58,057
down €58,057 (-9.3%), from €626,000 to €567,943
of which Other tangible fixed assets: -€33,687
- Stocks and contracts +€46,733
up €46,733 (+14.0%), from €333,117 to €379,850
- Cash -€45,359
down €45,359 (-89.1%), from €50,881 to €5,522
mainly Trade debts (-€71,482) and Stocks and contracts (-€46,733)
- Receivables within one year -€23,625
down €23,625 (-59.3%), from €39,832 to €16,207
of which Trade receivables: -€31,234
- Trade debts -€71,482
down €71,482 (-91.6%), from €78,059 to €6,577
- Profit (loss) carried forward -€35,134
down €35,134 (-32.6%), from -€107,757 to -€142,891
- Debts after one year -€18,000
down €18,000 (-2.4%), from €742,500 to €724,500
- Advances received +€15,000
new in 2025: €15,000
- Other debts +€14,811
up €14,811 (+9.2%), from €160,705 to €175,516
- Gross operating margin -€49,731
down €49,731 (-54.1%), from €91,971 to €42,240
- Taxes -€16,355
no longer reported in 2025 (was €16,355)
- Other operating charges +€9,954
up €9,954 (+401%), from €2,482 to €12,435
- Depreciation -€2,418
down €2,418 (-3.6%), from €66,325 to €63,908
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 | €1,062,610 | €979,760 | -€82,850 | -7.8% |
| Fixed assets | 21/28 | €633,900 | €575,843 | -€58,057 | -9.2% |
| Tangible fixed assets | 22/27 | €626,000 | €567,943 | -€58,057 | -9.3% |
| Land and buildings | 22 | €386,645 | €365,766 | -€20,879 | -5.4% |
| Plant, machinery and equipment | 23 | €2,985 | €244 | -€2,741 | -91.8% |
| Furniture and vehicles | 24 | €1,230 | €480 | -€750 | -61.0% |
| Other tangible fixed assets | 26 | €235,139 | €201,452 | -€33,687 | -14.3% |
| Financial fixed assets | 28 | €7,900 | €7,900 | = | 0.0% |
| Current assets | 29/58 | €428,710 | €403,918 | -€24,792 | -5.8% |
| Stocks and contracts in progress | 3 | €333,117 | €379,850 | +€46,733 | +14.0% |
| Stocks | 30/36 | €333,117 | €379,850 | +€46,733 | +14.0% |
| Amounts receivable within one year | 40/41 | €39,832 | €16,207 | -€23,625 | -59.3% |
| Trade receivables | 40 | €38,312 | €7,078 | -€31,234 | -81.5% |
| Other amounts receivable | 41 | €1,521 | €9,129 | +€7,608 | +500% |
| Cash at bank and in hand | 54/58 | €50,881 | €5,522 | -€45,359 | -89.1% |
| Deferred charges and accrued income | 490/1 | €4,880 | €2,339 | -€2,542 | -52.1% |
| Total equity and liabilities | 10/49 | €1,062,610 | €979,760 | -€82,850 | -7.8% |
| Equity | 10/15 | €80,475 | €45,341 | -€35,134 | -43.7% |
| Contributions | 10/11 | €171,120 | €171,120 | = | 0.0% |
| Reserves | 13 | €17,112 | €17,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,112 | €17,112 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,112 | €17,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,757 | -€142,891 | -€35,134 | -32.6% |
| Amounts payable | 17/49 | €982,135 | €934,420 | -€47,715 | -4.9% |
| Amounts payable after more than one year | 17 | €742,500 | €724,500 | -€18,000 | -2.4% |
| Other amounts payable | 178/9 | €742,500 | €724,500 | -€18,000 | -2.4% |
| Amounts payable within one year | 42/48 | €239,635 | €209,920 | -€29,715 | -12.4% |
| Trade debts | 44 | €78,059 | €6,577 | -€71,482 | -91.6% |
| Suppliers | 440/4 | €78,059 | €6,577 | -€71,482 | -91.6% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €872 | €12,827 | +€11,956 | +1,372% |
| Taxes | 450/3 | €872 | €12,827 | +€11,956 | +1,372% |
| Other amounts payable | 47/48 | €160,705 | €175,516 | +€14,811 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,325 | €63,908 | -€2,418 | -3.6% |
| Other operating charges | 640/8 | €2,482 | €12,435 | +€9,954 | +401% |
| Gross operating margin | 9900 | €91,971 | €42,240 | -€49,731 | -54.1% |
| Operating profit (loss) | 9901 | €23,164 | -€34,103 | -€57,267 | |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €445 | €1,048 | +€603 | +136% |
| Recurring financial charges | 65 | €445 | €1,048 | +€603 | +136% |
| Profit (loss) for the period before taxes | 9903 | €22,719 | -€35,134 | -€57,853 | |
| Income taxes | 67/77 | €16,355 | - | -€16,355 | |
| Profit (loss) for the period | 9904 | €6,364 | -€35,134 | -€41,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,364 | -€35,134 | -€41,499 |
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 15 October 2026 via checked.be.