GITIMMO: 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.
GITIMMO
Largest movements
- Tangible fixed assets +€42,771
up €42,771 (+6.0%), from €712,795 to €755,566
of which Land and buildings: +€120,968
- Receivables within one year -€36,464
no longer reported in 2024 (was €36,464)
of which Other amounts receivable: -€35,399
- Debts after one year +€117,557
up €117,557 (+19.3%), from €609,383 to €726,941
of which Other amounts payable: +€97,399
- Other debts -€112,502
down €112,502 (-93.0%), from €120,923 to €8,421
- Accrued charges and deferred income +€21,750
up €21,750 (+1740.0%), from €1,250 to €23,000
- Profit (loss) carried forward -€20,538
down €20,538 (-30.3%), from -€67,815 to -€88,353
- Trade debts -€10,359
down €10,359 (-28.9%), from €35,907 to €25,548
- Gross operating margin +€18,371
up €18,371 (+488.7%), from €3,759 to €22,130
- Financial charges +€3,847
up €3,847 (+49.1%), from €7,833 to €11,680
of which Financial charges: +€4,414
- Depreciation +€3,176
up €3,176 (+13.1%), from €24,313 to €27,489
- Other operating charges -€738
down €738 (-17.4%), from €4,237 to €3,499
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,725 | €761,870 | -€1,855 | -0.2% |
| Formation expenses | 20 | €1,650 | €1,650 | = | 0.0% |
| Fixed assets | 21/28 | €712,795 | €755,566 | +€42,771 | +6.0% |
| Tangible fixed assets | 22/27 | €712,795 | €755,566 | +€42,771 | +6.0% |
| Land and buildings | 22 | €628,578 | €749,546 | +€120,968 | +19.2% |
| Plant, machinery and equipment | 23 | €76,217 | - | -€76,217 | |
| Furniture and vehicles | 24 | €8,000 | €6,020 | -€1,980 | -24.8% |
| Current assets | 29/58 | €49,280 | €4,654 | -€44,626 | -90.6% |
| Amounts receivable within one year | 40/41 | €36,464 | - | -€36,464 | |
| Trade receivables | 40 | €1,065 | - | -€1,065 | |
| Other amounts receivable | 41 | €35,399 | - | -€35,399 | |
| Cash at bank and in hand | 54/58 | €7,665 | €1,909 | -€5,756 | -75.1% |
| Deferred charges and accrued income | 490/1 | €5,151 | €2,745 | -€2,405 | -46.7% |
| Total equity and liabilities | 10/49 | €763,725 | €761,870 | -€1,855 | -0.2% |
| Equity | 10/15 | -€27,815 | -€48,353 | -€20,538 | -73.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | - | €40,000 | +€40,000 | |
| Issued capital | 100 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | -€67,815 | -€88,353 | -€20,538 | -30.3% |
| Amounts payable | 17/49 | €791,539 | €810,223 | +€18,683 | +2.4% |
| Amounts payable after more than one year | 17 | €609,383 | €726,941 | +€117,557 | +19.3% |
| Financial debts | 170/4 | €277,489 | €297,648 | +€20,159 | +7.3% |
| Other amounts payable | 178/9 | €331,894 | €429,293 | +€97,399 | +29.3% |
| Amounts payable within one year | 42/48 | €180,906 | €60,282 | -€120,624 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €24,076 | €26,313 | +€2,237 | +9.3% |
| Trade debts | 44 | €35,907 | €25,548 | -€10,359 | -28.9% |
| Suppliers | 440/4 | €35,907 | €25,548 | -€10,359 | -28.9% |
| Other amounts payable | 47/48 | €120,923 | €8,421 | -€112,502 | -93.0% |
| Accrued charges and deferred income | 492/3 | €1,250 | €23,000 | +€21,750 | +1740.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,313 | €27,489 | +€3,176 | +13.1% |
| Other operating charges | 640/8 | €4,237 | €3,499 | -€738 | -17.4% |
| Gross operating margin | 9900 | €3,759 | €22,130 | +€18,371 | +488.7% |
| Operating profit (loss) | 9901 | -€24,791 | -€8,858 | +€15,933 | +64.3% |
| Financial charges | 65/66B | €7,833 | €11,680 | +€3,847 | +49.1% |
| Recurring financial charges | 65 | €6,696 | €11,110 | +€4,414 | +65.9% |
| Non-recurring financial charges | 66B | €1,138 | €570 | -€568 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,624 | -€20,538 | +€12,086 | +37.0% |
| Profit (loss) for the period | 9904 | -€32,624 | -€20,538 | +€12,086 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,624 | -€20,538 | +€12,086 | +37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.