GIPIMOTOR: 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.
What changed
GIPIMOTOR
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€385,818
2024 · €20,655-€406,474
Equity
€787,839
2024 · €1.2m-€385,818
Cash
€1,087
2024 · €6,650-€5,563
Balance sheet total
€3.5m
2024 · €3.4m+€50,489
Largest movements
Assets
- Receivables within one year +€167,857
up €167,857 (+127%), from €132,582 to €300,440
of which Other amounts receivable: +€102,760
- Stocks and contracts -€134,586
down €134,586 (-4.3%), from €3.1m to €3.0m
of which Stocks: -€78,537
Equity and liabilities
- Short-term financial debts +€857,409
up €857,409 (+327%), from €262,470 to €1.1m
- Current portion of long-term debt -€678,780
down €678,780 (-81.7%), from €831,324 to €152,544
- Tax, wage and social debts +€452,952
up €452,952 (+161%), from €281,529 to €734,482
of which Taxes: +€270,170
- Profit (loss) carried forward -€385,818
down €385,818 (-40.9%), from €943,912 to €558,093
- Debts after one year -€134,487
no longer reported in 2025 (was €134,487)
Income statement
- Gross operating margin -€322,285
down €322,285 (-56.4%), from €571,509 to €249,225
- Financial charges +€117,509
up €117,509 (+77.9%), from €150,820 to €268,329
- Staff costs -€23,808
down €23,808 (-8.8%), from €270,915 to €247,107
- Taxes +€22,661
new in 2025: €22,661
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.
Result 2024
€20,655
Gross operating margin
-€322,285
Staff costs
+€23,808
Depreciation
+€3,888
Other operating charges
+€1,036
Other operating items
+€31,825
Financial income
-€4,575
Financial charges
-€117,509
Taxes
-€22,661
Result 2025
-€385,818
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€23,286
Investment
-€72,992
Financing
+€44,143
Cash 2024
€6,650
From operations (derived)
+€23,286
Net result for the year
-€385,818
Depreciation
+€82,577
Stocks and contracts
+€134,586
Receivables within one year
-€167,857
Deferred charges and accrued income
-€32,367
Trade debts
+€12,246
Tax, wage and social debts
+€452,952
Other debts
+€18,958
Accrued charges and deferred income
-€91,991
Investment (derived)
-€72,992
Investment in fixed assets (net)
-€72,992
Financing
+€44,143
Debts after one year
-€134,487
Current portion of long-term debt
-€678,780
Short-term financial debts
+€857,409
Cash 2025
€1,087
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,428,581 | €3,479,071 | +€50,489 | +1.5% |
| Fixed assets | 21/28 | €142,325 | €132,739 | -€9,585 | -6.7% |
| Tangible fixed assets | 22/27 | €138,595 | €126,989 | -€11,605 | -8.4% |
| Plant, machinery and equipment | 23 | €860 | €321 | -€538 | -62.6% |
| Furniture and vehicles | 24 | €63,977 | €28,275 | -€35,702 | -55.8% |
| Leasing and similar rights | 25 | €67,926 | €94,768 | +€26,842 | +39.5% |
| Other tangible fixed assets | 26 | €5,832 | €3,625 | -€2,207 | -37.8% |
| Financial fixed assets | 28 | €3,730 | €5,750 | +€2,020 | +54.2% |
| Current assets | 29/58 | €3,286,257 | €3,346,331 | +€60,075 | +1.8% |
| Stocks and contracts in progress | 3 | €3,143,793 | €3,009,207 | -€134,586 | -4.3% |
| Stocks | 30/36 | €2,667,743 | €2,589,207 | -€78,537 | -2.9% |
| Contracts in progress | 37 | €476,049 | €420,000 | -€56,049 | -11.8% |
| Amounts receivable within one year | 40/41 | €132,582 | €300,440 | +€167,857 | +127% |
| Trade receivables | 40 | €132,582 | €197,680 | +€65,098 | +49.1% |
| Other amounts receivable | 41 | - | €102,760 | +€102,760 | |
| Cash at bank and in hand | 54/58 | €6,650 | €1,087 | -€5,563 | -83.7% |
| Deferred charges and accrued income | 490/1 | €3,231 | €35,598 | +€32,367 | +1,002% |
| Total equity and liabilities | 10/49 | €3,428,581 | €3,479,071 | +€50,489 | +1.5% |
| Equity | 10/15 | €1,173,657 | €787,839 | -€385,818 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,145 | €211,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,040 | €2,040 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,040 | €2,040 | = | 0.0% |
| Distributable reserves | 133 | €209,105 | €209,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | €943,912 | €558,093 | -€385,818 | -40.9% |
| Amounts payable | 17/49 | €2,254,924 | €2,691,232 | +€436,308 | +19.3% |
| Amounts payable after more than one year | 17 | €134,487 | - | -€134,487 | |
| Financial debts | 170/4 | €134,487 | - | -€134,487 | |
| Amounts payable within one year | 42/48 | €2,028,439 | €2,691,224 | +€662,786 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €831,324 | €152,544 | -€678,780 | -81.7% |
| Financial debts | 43 | €262,470 | €1,119,879 | +€857,409 | +327% |
| Credit institutions | 430/8 | €262,470 | €1,119,879 | +€857,409 | +327% |
| Trade debts | 44 | €175,298 | €187,544 | +€12,246 | +7.0% |
| Suppliers | 440/4 | €175,298 | €187,544 | +€12,246 | +7.0% |
| Taxes, remuneration and social security | 45 | €281,529 | €734,482 | +€452,952 | +161% |
| Taxes | 450/3 | €261,938 | €532,108 | +€270,170 | +103% |
| Remuneration and social security | 454/9 | €19,592 | €202,374 | +€182,782 | +933% |
| Other amounts payable | 47/48 | €477,818 | €496,776 | +€18,958 | +4.0% |
| Accrued charges and deferred income | 492/3 | €91,999 | €8 | -€91,991 | -100.0% |
| Non-recurring operating income | 76A | €11,440 | - | -€11,440 | |
| Remuneration, social security and pensions | 62 | €270,915 | €247,107 | -€23,808 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,465 | €82,577 | -€3,888 | -4.5% |
| Other operating charges | 640/8 | €15,405 | €14,369 | -€1,036 | -6.7% |
| Non-recurring operating charges | 66A | €31,825 | - | -€31,825 | |
| Gross operating margin | 9900 | €571,509 | €249,225 | -€322,285 | -56.4% |
| Operating profit (loss) | 9901 | €166,900 | -€94,829 | -€261,728 | |
| Financial income | 75/76B | €4,576 | €1 | -€4,575 | -100.0% |
| Recurring financial income | 75 | €4,576 | €1 | -€4,575 | -100.0% |
| Financial charges | 65/66B | €150,820 | €268,329 | +€117,509 | +77.9% |
| Recurring financial charges | 65 | €150,820 | €268,329 | +€117,509 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €20,655 | -€363,157 | -€383,812 | |
| Income taxes | 67/77 | - | €22,661 | +€22,661 | |
| Profit (loss) for the period | 9904 | €20,655 | -€385,818 | -€406,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,655 | -€385,818 | -€406,474 |
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.