GIMOFI: 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.
GIMOFI
Largest movements
- Tangible fixed assets -€36,782
down €36,782 (-6.0%), from €614,663 to €577,881
of which Other tangible fixed assets: -€28,523
- Deferred charges and accrued income -€26,865
down €26,865 (-94.4%), from €28,461 to €1,595
- Receivables within one year +€12,834
up €12,834 (+4.0%), from €320,845 to €333,679
- Debts after one year -€32,507
down €32,507 (-3.8%), from €864,141 to €831,634
- Other debts -€16,447
down €16,447 (-5.8%), from €286,022 to €269,575
- Gross operating margin -€60,704
down €60,704 (-33.1%), from €183,276 to €122,572
- Financial charges -€6,075
down €6,075 (-10.9%), from €55,704 to €49,628
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €964,504 | €913,384 | -€51,120 | -5.3% |
| Fixed assets | 21/28 | €614,663 | €577,881 | -€36,782 | -6.0% |
| Tangible fixed assets | 22/27 | €614,663 | €577,881 | -€36,782 | -6.0% |
| Land and buildings | 22 | €56,111 | €47,852 | -€8,259 | -14.7% |
| Other tangible fixed assets | 26 | €558,552 | €530,029 | -€28,523 | -5.1% |
| Current assets | 29/58 | €349,840 | €335,502 | -€14,338 | -4.1% |
| Amounts receivable within one year | 40/41 | €320,845 | €333,679 | +€12,834 | +4.0% |
| Other amounts receivable | 41 | €320,845 | €333,679 | +€12,834 | +4.0% |
| Cash at bank and in hand | 54/58 | €535 | €228 | -€306 | -57.3% |
| Deferred charges and accrued income | 490/1 | €28,461 | €1,595 | -€26,865 | -94.4% |
| Total equity and liabilities | 10/49 | €964,504 | €913,384 | -€51,120 | -5.3% |
| Equity | 10/15 | -€246,760 | -€254,658 | -€7,898 | -3.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €2,975 | €2,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,608 | -€272,506 | -€7,898 | -3.0% |
| Amounts payable | 17/49 | €1,211,264 | €1,168,041 | -€43,222 | -3.6% |
| Amounts payable after more than one year | 17 | €864,141 | €831,634 | -€32,507 | -3.8% |
| Financial debts | 170/4 | €864,141 | €831,634 | -€32,507 | -3.8% |
| Amounts payable within one year | 42/48 | €347,122 | €336,407 | -€10,715 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €31,139 | €32,507 | +€1,369 | +4.4% |
| Trade debts | 44 | €29,961 | €34,324 | +€4,363 | +14.6% |
| Suppliers | 440/4 | €29,961 | €34,324 | +€4,363 | +14.6% |
| Other amounts payable | 47/48 | €286,022 | €269,575 | -€16,447 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,558 | €84,587 | +€1,029 | +1.2% |
| Other operating charges | 640/8 | €8,268 | €9,143 | +€874 | +10.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €183,276 | €122,572 | -€60,704 | -33.1% |
| Operating profit (loss) | 9901 | €91,449 | €28,842 | -€62,607 | -68.5% |
| Financial income | 75/76B | €11,845 | €12,888 | +€1,043 | +8.8% |
| Recurring financial income | 75 | €11,845 | €12,888 | +€1,043 | +8.8% |
| Financial charges | 65/66B | €55,704 | €49,628 | -€6,075 | -10.9% |
| Recurring financial charges | 65 | €55,704 | €49,628 | -€6,075 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €47,590 | -€7,898 | -€55,488 | |
| Profit (loss) for the period | 9904 | €47,590 | -€7,898 | -€55,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,590 | -€7,898 | -€55,488 |
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.