GIMU: 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.
GIMU
Largest movements
- Receivables within one year -€126,635
down €126,635 (-33.2%), from €381,519 to €254,885
of which Trade receivables: -€68,129
- Tangible fixed assets -€9,747
down €9,747 (-29.0%), from €33,602 to €23,855
of which Furniture and vehicles: -€8,156
- Trade debts -€85,076
down €85,076 (-94.2%), from €90,341 to €5,265
- Reserves -€70,000
down €70,000 (-28.4%), from €246,860 to €176,860
of which Distributable reserves: -€70,000
- Tax, wage and social debts +€46,684
up €46,684 (+47.8%), from €97,686 to €144,370
of which Taxes: +€42,470
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Profit (loss) carried forward +€11,609
up €11,609 (+105%), from €11,069 to €22,677
- Staff costs +€12,392
up €12,392 (+12.5%), from €99,358 to €111,750
- Gross operating margin +€10,931
up €10,931 (+4.3%), from €256,215 to €267,146
- Depreciation -€9,103
down €9,103 (-48.3%), from €18,850 to €9,747
- Write-downs +€5,876
new in 2025: €5,876
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 | €507,246 | €366,617 | -€140,629 | -27.7% |
| Fixed assets | 21/28 | €33,652 | €23,905 | -€9,747 | -29.0% |
| Tangible fixed assets | 22/27 | €33,602 | €23,855 | -€9,747 | -29.0% |
| Plant, machinery and equipment | 23 | €7,261 | €5,670 | -€1,591 | -21.9% |
| Furniture and vehicles | 24 | €26,341 | €18,185 | -€8,156 | -31.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €473,594 | €342,712 | -€130,882 | -27.6% |
| Amounts receivable within one year | 40/41 | €381,519 | €254,885 | -€126,635 | -33.2% |
| Trade receivables | 40 | €144,794 | €76,665 | -€68,129 | -47.1% |
| Other amounts receivable | 41 | €236,726 | €178,220 | -€58,506 | -24.7% |
| Cash at bank and in hand | 54/58 | €90,680 | €87,009 | -€3,671 | -4.0% |
| Deferred charges and accrued income | 490/1 | €1,394 | €818 | -€576 | -41.3% |
| Total equity and liabilities | 10/49 | €507,246 | €366,617 | -€140,629 | -27.7% |
| Equity | 10/15 | €264,129 | €205,737 | -€58,391 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €246,860 | €176,860 | -€70,000 | -28.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €245,000 | €175,000 | -€70,000 | -28.6% |
| Profit (loss) carried forward | 14 | €11,069 | €22,677 | +€11,609 | +105% |
| Amounts payable | 17/49 | €243,117 | €160,880 | -€82,237 | -33.8% |
| Amounts payable after more than one year | 17 | €11,245 | €3,382 | -€7,863 | -69.9% |
| Financial debts | 170/4 | €11,245 | €3,382 | -€7,863 | -69.9% |
| Amounts payable within one year | 42/48 | €231,872 | €157,498 | -€74,374 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €7,519 | €7,863 | +€345 | +4.6% |
| Trade debts | 44 | €90,341 | €5,265 | -€85,076 | -94.2% |
| Suppliers | 440/4 | €90,341 | €5,265 | -€85,076 | -94.2% |
| Advances received on contracts in progress | 46 | €1,327 | - | -€1,327 | |
| Taxes, remuneration and social security | 45 | €97,686 | €144,370 | +€46,684 | +47.8% |
| Taxes | 450/3 | €90,100 | €132,570 | +€42,470 | +47.1% |
| Remuneration and social security | 454/9 | €7,586 | €11,800 | +€4,214 | +55.6% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Remuneration, social security and pensions | 62 | €99,358 | €111,750 | +€12,392 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,850 | €9,747 | -€9,103 | -48.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,876 | +€5,876 | |
| Other operating charges | 640/8 | €589 | €945 | +€355 | +60.3% |
| Gross operating margin | 9900 | €256,215 | €267,146 | +€10,931 | +4.3% |
| Operating profit (loss) | 9901 | €137,418 | €138,828 | +€1,410 | +1.0% |
| Financial income | 75/76B | - | €113 | +€113 | |
| Recurring financial income | 75 | - | €113 | +€113 | |
| Financial charges | 65/66B | €1,849 | €1,390 | -€458 | -24.8% |
| Recurring financial charges | 65 | €1,849 | €1,390 | -€458 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €135,569 | €137,551 | +€1,982 | +1.5% |
| Income taxes | 67/77 | €43,508 | €45,942 | +€2,434 | +5.6% |
| Profit (loss) for the period | 9904 | €92,061 | €91,609 | -€452 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,061 | €91,609 | -€452 | -0.5% |
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 24 October 2026 via checked.be.