GAM PROJECTS
Annual accounts 2024
micro format, filed on 09-10-2025, 70 days lateMoney flows
of every €100 of turnover, €3.31 remains as profit in 2024Balance sheet
balance sheet total €219,776 on 31-12-2024in euro
in euro
Position in the sector
31.4%
Higher than 49% of 25,554 companies in 2024.
1.45
Higher than 51% of 24,613 companies in 2024.
5.5%
Higher than 57% of 24,782 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Blue and white collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
219,776 | 173,348 | 176,020 | 172,369 | 167,393 | 142,666 | 138,852 | 81,921 | 89,817 | 94,162 | 98,347 | 57,622 | 32,249 | |
21/28 |
984 | 1,346 | 1,289 | 27,366 | 35,426 | 30,183 | 41,937 | 21,130 | 35,005 | 39,644 | 22,039 | 13,101 | 6,334 | |
22/27 |
984 | 1,346 | 1,289 | 27,366 | 35,426 | 30,183 | 41,937 | 21,130 | 35,005 | 39,644 | 22,039 | 13,101 | 6,334 | |
23 |
- | - | - | - | 1,710 | 5,800 | 8,620 | 11,306 | 11,345 | 533 | 903 | 2,607 | - | |
24 |
984 | 1,346 | 1,289 | 27,366 | 33,716 | 24,383 | 33,317 | 9,824 | 23,660 | 39,110 | 21,136 | 10,493 | 6,334 | |
29/58 |
218,792 | 172,002 | 174,730 | 145,003 | 131,967 | 112,484 | 96,916 | 60,792 | 54,812 | 54,519 | 76,308 | 44,522 | 25,915 | |
3 |
- | 6,454 | 6,454 | 16,045 | - | - | - | - | - | - | - | - | - | |
30/36 |
- | 6,454 | 6,454 | 16,045 | - | - | - | - | - | - | - | - | - | |
40/41 |
217,583 | 162,760 | 141,976 | 90,034 | 56,729 | 35,996 | 31,596 | 25,594 | 18,929 | 32,268 | 74,977 | 35,292 | 19,548 | |
40 |
135,969 | 53,688 | 41,342 | 34,159 | 14,466 | 10,834 | 21,438 | 8,300 | 10,697 | 23,716 | 60,624 | 13,599 | 18,353 | |
41 |
81,614 | 109,072 | 100,634 | 55,874 | 42,263 | 25,161 | 10,157 | 17,294 | 8,232 | 8,552 | 14,353 | 21,693 | 1,195 | |
50/53 |
- | - | - | - | 500 | 500 | 500 | 500 | - | - | - | - | - | |
54/58 |
917 | 1,480 | 21,052 | 34,433 | 74,470 | 75,720 | 64,552 | 34,430 | 35,883 | 22,251 | 1,331 | 9,229 | 6,367 | |
490/1 |
292 | 1,308 | 5,248 | 4,491 | 268 | 268 | 268 | 268 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
219,776 | 173,348 | 176,020 | 172,369 | 167,393 | 142,666 | 138,852 | 81,921 | 89,817 | 94,162 | 98,347 | 57,622 | 32,249 | |
10/15 |
69,031 | 56,983 | 137,973 | 130,941 | 100,896 | 81,118 | 79,534 | 60,929 | 75,834 | 68,221 | 62,298 | 42,182 | 27,184 | |
10/11 |
8,200 | 8,200 | 8,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
14 |
58,971 | 46,923 | 127,913 | 122,881 | 92,836 | 73,058 | 71,474 | 52,869 | 67,774 | 60,161 | 56,098 | 35,982 | 20,984 | |
17/49 |
150,746 | 116,364 | 38,046 | 41,428 | 66,496 | 61,549 | 59,318 | 20,992 | 13,983 | 25,941 | 36,050 | 15,440 | 5,066 | |
17 |
- | 286 | 10,825 | 10,792 | 17,772 | 17,772 | 25,484 | 447 | - | - | - | - | - | |
170/4 |
- | 286 | 10,825 | 10,792 | 17,772 | 17,772 | 25,484 | 447 | - | - | - | - | - | |
42/48 |
150,746 | 116,078 | 27,221 | 30,637 | 48,725 | 43,777 | 33,834 | 20,546 | 13,983 | 25,941 | 36,050 | 15,440 | 5,066 | |
42 |
- | - | - | - | - | 7,265 | 7,063 | 15,965 | - | - | - | - | - | |
43 |
5,658 | - | - | - | - | - | - | - | - | - | 19,553 | - | - | |
430/8 |
5,658 | - | - | - | - | - | - | - | - | - | 19,553 | - | - | |
44 |
21,965 | 13,432 | 13,704 | 19,611 | 38,070 | 28,295 | 6,359 | 4,580 | 10,638 | 25,941 | 8,982 | 12,440 | 4,066 | |
440/4 |
21,965 | 13,432 | 13,704 | 19,611 | 38,070 | 28,295 | 6,359 | 4,580 | 10,638 | 25,941 | 8,982 | 12,440 | 4,066 | |
45 |
123,123 | 102,646 | 13,517 | 11,026 | 10,655 | 8,216 | 11,039 | - | 977 | - | - | - | 999 | |
450/3 |
42,962 | 27,770 | 7,854 | 10,507 | 5,401 | 8,216 | 11,039 | - | 977 | - | - | - | 139 | |
454/9 |
80,161 | 74,876 | 5,664 | 519 | 5,254 | - | - | - | - | - | - | - | 860 | |
47/48 |
- | - | - | - | - | - | 9,374 | - | 2,367 | - | 7,514 | 3,000 | - | |
| Income statement | ||||||||||||||
70 |
364,355 | 451,162 | 423,603 | 268,624 | - | - | - | - | 175,448 | 201,967 | 173,268 | 160,326 | 65,259 | |
76A |
- | 1,794 | - | - | - | - | - | - | - | - | 37 | - | - | |
9900 |
183,561 | 141,870 | 164,998 | 154,512 | 57,662 | 22,944 | 58,769 | 29,103 | 29,105 | 35,879 | 36,755 | 25,116 | 32,478 | |
60/61 |
190,605 | 347,965 | 274,220 | 118,455 | - | - | - | - | 146,344 | 166,088 | 136,513 | 135,210 | 32,782 | |
62 |
132,627 | 207,254 | 129,624 | 76,828 | 9,766 | 6,169 | 1,395 | 650 | - | - | - | - | 8,250 | |
630 |
362 | 2,671 | 29,811 | 30,870 | 16,583 | 12,661 | 20,871 | 20,042 | 18,486 | 20,938 | 13,044 | 7,547 | 3,166 | |
640/8 |
5,267 | 8,754 | 1,981 | 3,134 | 2,102 | 1,283 | 5,006 | 856 | 2,402 | 8,374 | 2,753 | 2,452 | - | |
66A |
- | - | - | - | - | - | - | - | - | - | 275 | 73 | - | |
9901 |
45,306 | -76,809 | 3,582 | 43,680 | 29,211 | 2,830 | 31,498 | 7,554 | 8,216 | 6,568 | 20,957 | 15,118 | 21,062 | |
75/76B |
696 | - | 4,298 | 220 | 1,752 | 0 | 1 | 816 | 0 | 90 | 4 | 7 | 0 | |
75 |
696 | - | 4,298 | 220 | 1,752 | 0 | 1 | 816 | 0 | 90 | 4 | 7 | 0 | |
65/66B |
30,942 | 4,181 | 518 | 1,874 | 702 | 1,247 | 1,412 | 2,677 | 656 | 734 | 207 | 53 | 78 | |
65 |
30,942 | 4,181 | 518 | 1,874 | 702 | 1,247 | 1,412 | 2,677 | 656 | 734 | 207 | 53 | 78 | |
9903 |
15,059 | -80,990 | 7,361 | 42,027 | 30,261 | 1,584 | 30,086 | 5,693 | 7,560 | 5,923 | 20,517 | 14,999 | 20,984 | |
67/77 |
3,012 | - | 2,328 | 11,982 | 10,483 | - | 11,481 | 20,598 | -53 | - | 401 | - | - | |
9904 |
12,048 | -80,990 | 5,033 | 30,044 | 19,779 | 1,584 | 18,605 | -14,905 | 7,613 | 5,923 | 20,115 | 14,999 | 20,984 | |
9905 |
12,048 | -80,990 | 5,033 | 30,044 | 19,779 | 1,584 | 18,605 | -14,905 | 7,613 | 5,923 | 20,115 | 14,999 | 20,984 | |
| Appropriation of the result | ||||||||||||||
9906 |
58,971 | 46,923 | 127,913 | 122,881 | 92,836 | 73,058 | 71,474 | 52,869 | 67,774 | 62,021 | 56,098 | 35,982 | 20,984 | |
14P |
46,923 | 127,913 | 122,881 | 92,836 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,860 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
- | - | - | - | 0.2 | 0.2 | - | - | - | - | - | - | 1 | |
Hours worked1013 |
- | - | - | - | 224 | 224 | - | - | - | - | - | - | 296 | |
| Document | ||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 09-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 70 days after the deadline. Filed on 9 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00540034.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 09-10-2025 | 2025-00540034 | |
| 31-12-2023 | micro format | 27-06-2025 | 2025-00187755 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00318919 | |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20280920 | |
| 31-12-2020 | micro format | 17-01-2022 | 2022-01000487 | |
| 31-12-2019 | micro format | 19-02-2021 | 2021-05700317 | |
| 31-12-2018 | micro format | 27-12-2019 | 2019-77700281 | |
| 31-12-2017 | micro format | 31-12-2018 | 2018-76300151 | |
| 31-12-2016 | micro format | 31-12-2017 | 2017-73700572 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-64700056 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56600592 | |
| 31-12-2013 | full format | 27-09-2014 | 2014-62400200 | |
| 31-12-2012 | full format | 27-09-2013 | 2013-59800571 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45,668 | -74,138 | 33,393 | 74,550 | 45,794 | 15,492 | 52,369 | 27,596 | 26,702 | 27,505 | 34,002 | 22,665 | 24,228 | ||
| 12,409 | -78,319 | 34,844 | 60,914 | 36,361 | 14,245 | 39,477 | 5,137 | 26,099 | 26,861 | 33,160 | 22,546 | 24,150 | ||
| 0 | 933 | 3,735 | 22,809 | 21,826 | 907 | 41,678 | 6,167 | 13,848 | 38,543 | 21,983 | 14,313 | 9,500 | ||
| -563 | -19,572 | -13,381 | -40,036 | -1,250 | 11,168 | 30,122 | -1,453 | 13,632 | 20,919 | -7,898 | 2,862 | - | ||
| 68,047 | 55,924 | 147,509 | 114,367 | 83,242 | 68,707 | 63,081 | 40,246 | 40,829 | 28,577 | 40,259 | 29,082 | 20,850 | ||
| 12.4% | -17.0% | 0.8% | 16.3% | - | - | - | - | 4.7% | 3.3% | 12.1% | 9.4% | 32.3% | ||
| 31.4% | 32.9% | 78.4% | 76.0% | 60.3% | 56.9% | 57.3% | 74.4% | 84.4% | 72.5% | 63.3% | 73.2% | 84.3% | ||
| 1.45 | 1.48 | 6.42 | 4.73 | 2.71 | 2.57 | 2.86 | 2.96 | 3.92 | 2.10 | 2.12 | 2.88 | 5.12 | ||
| 1.45 | 1.43 | 6.18 | 4.21 | 2.71 | 2.57 | 2.86 | 2.96 | 3.92 | 2.10 | 2.12 | 2.88 | 5.12 | ||
| 2.18 | 2.04 | 0.28 | 0.32 | 0.66 | 0.76 | 0.75 | 0.34 | 0.18 | 0.38 | 0.58 | 0.37 | 0.19 | ||
| 17.5% | -142.1% | 3.6% | 22.9% | 19.6% | 2.0% | 23.4% | -24.5% | 10.0% | 8.7% | 32.3% | 35.6% | 77.2% | ||
| 5.5% | -46.7% | 2.9% | 17.4% | 11.8% | 1.1% | 13.4% | -18.2% | 8.5% | 6.3% | 20.5% | 26.0% | 65.1% | ||
| 1.48 | -17.73 | 64.42 | 39.79 | - | - | - | - | - | - | - | - | - | ||
| 136 days | 43 days | 36 days | 46 days | - | - | - | - | 22 days | 43 days | 128 days | 31 days | 103 days | ||
| 42 days | 14 days | 18 days | 60 days | - | - | - | - | 27 days | 57 days | 24 days | 34 days | 45 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | €933 | €3,735 | €22,809 |
| €362 | €2,671 | €29,811 | €30,870 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on GAM PROJECTS
The operating result for 2024 is a profit of €45,306, after a loss of €76,809 in 2023. It is the highest result since 2012.
Debt's share of the balance-sheet total rises from 67.1% to 68.6%. Equity and debt are higher.