GULLIMEX: 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.
GULLIMEX
Largest movements
- Cash +€126,108
up €126,108 (+234%), from €53,846 to €179,955
mainly Debts after one year (+€308,549) and Depreciation (+€42,669)
- Tangible fixed assets -€27,737
down €27,737 (-31.5%), from €88,158 to €60,421
of which Plant, machinery and equipment: -€25,254
- Receivables within one year -€20,421
down €20,421 (-3.0%), from €685,505 to €665,084
of which Trade receivables: -€20,421
- Debts after one year +€308,549
up €308,549 (+306%), from €100,880 to €409,429
- Accrued charges and deferred income -€169,906
down €169,906 (-81.8%), from €207,731 to €37,824
- Profit (loss) carried forward -€34,311
down €34,311 (-11.0%), from €311,656 to €277,345
- Trade debts -€15,788
down €15,788 (-78.3%), from €20,155 to €4,367
- Staff costs +€49,441
up €49,441 (+4.4%), from €1.1m to €1.2m
- Gross operating margin -€30,914
down €30,914 (-2.5%), from €1.2m to €1.2m
- Financial charges +€22,246
up €22,246, from -€9,552 to €12,694
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 | €854,335 | €934,397 | +€80,062 | +9.4% |
| Fixed assets | 21/28 | €88,158 | €60,421 | -€27,737 | -31.5% |
| Tangible fixed assets | 22/27 | €88,158 | €60,421 | -€27,737 | -31.5% |
| Plant, machinery and equipment | 23 | €72,243 | €46,990 | -€25,254 | -35.0% |
| Furniture and vehicles | 24 | €15,915 | €13,432 | -€2,483 | -15.6% |
| Current assets | 29/58 | €766,177 | €873,976 | +€107,799 | +14.1% |
| Amounts receivable within one year | 40/41 | €685,505 | €665,084 | -€20,421 | -3.0% |
| Trade receivables | 40 | €680,164 | €659,743 | -€20,421 | -3.0% |
| Other amounts receivable | 41 | €5,342 | €5,342 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,846 | €179,955 | +€126,108 | +234% |
| Deferred charges and accrued income | 490/1 | €26,825 | €28,937 | +€2,112 | +7.9% |
| Total equity and liabilities | 10/49 | €854,335 | €934,397 | +€80,062 | +9.4% |
| Equity | 10/15 | €330,256 | €295,945 | -€34,311 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,656 | €277,345 | -€34,311 | -11.0% |
| Amounts payable | 17/49 | €524,079 | €638,453 | +€114,373 | +21.8% |
| Amounts payable after more than one year | 17 | €100,880 | €409,429 | +€308,549 | +306% |
| Other amounts payable | 178/9 | €100,880 | €409,429 | +€308,549 | +306% |
| Amounts payable within one year | 42/48 | €215,469 | €191,199 | -€24,270 | -11.3% |
| Trade debts | 44 | €20,155 | €4,367 | -€15,788 | -78.3% |
| Suppliers | 440/4 | €20,155 | €4,367 | -€15,788 | -78.3% |
| Taxes, remuneration and social security | 45 | €195,314 | €186,832 | -€8,481 | -4.3% |
| Taxes | 450/3 | €73,975 | €80,572 | +€6,597 | +8.9% |
| Remuneration and social security | 454/9 | €121,339 | €106,260 | -€15,078 | -12.4% |
| Accrued charges and deferred income | 492/3 | €207,731 | €37,824 | -€169,906 | -81.8% |
| Remuneration, social security and pensions | 62 | €1,120,319 | €1,169,760 | +€49,441 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,260 | €42,669 | -€7,591 | -15.1% |
| Other operating charges | 640/8 | €13,256 | €2,063 | -€11,193 | -84.4% |
| Non-recurring operating charges | 66A | €47,268 | - | -€47,268 | |
| Gross operating margin | 9900 | €1,229,168 | €1,198,254 | -€30,914 | -2.5% |
| Operating profit (loss) | 9901 | -€1,935 | -€16,239 | -€14,304 | -739% |
| Financial income | 75/76B | - | €4,124 | +€4,124 | |
| Recurring financial income | 75 | - | €4,124 | +€4,124 | |
| Financial charges | 65/66B | -€9,552 | €12,694 | +€22,246 | |
| Recurring financial charges | 65 | -€9,552 | €12,694 | +€22,246 | |
| Profit (loss) for the period before taxes | 9903 | €7,617 | -€24,809 | -€32,426 | |
| Income taxes | 67/77 | €21,678 | €9,502 | -€12,176 | -56.2% |
| Profit (loss) for the period | 9904 | -€14,061 | -€34,311 | -€20,250 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,061 | -€34,311 | -€20,250 | -144% |
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 23 October 2026 via checked.be.