G.A.T.M.: 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.
G.A.T.M.
Largest movements
- Tangible fixed assets +€44,396
up €44,396 (+26.8%), from €165,568 to €209,964
of which Furniture and vehicles: +€30,378
- Current investments +€18,721
up €18,721 (+7.7%), from €241,832 to €260,553
- Reserves +€57,977
up €57,977 (+12.8%), from €453,488 to €511,465
of which Distributable reserves: +€283,757
- Debts after one year -€45,128
down €45,128 (-27.9%), from €161,931 to €116,804
of which Financial debts: -€45,128
- Other debts +€36,968
up €36,968 (+132%), from €28,051 to €65,020
- Tax, wage and social debts +€12,715
up €12,715 (+69.3%), from €18,353 to €31,067
- Gross operating margin -€7,384
down €7,384 (-5.7%), from €129,246 to €121,861
- Taxes +€4,942
up €4,942 (+16.8%), from €29,338 to €34,280
- Financial charges -€4,491
down €4,491 (-46.4%), from €9,683 to €5,192
- Financial income +€3,992
up €3,992 (+128%), from €3,127 to €7,119
- Other operating charges -€2,277
down €2,277 (-80.7%), from €2,822 to €545
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.
Derived cash bridge
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 | €936,799 | €1,000,477 | +€63,678 | +6.8% |
| Fixed assets | 21/28 | €596,948 | €641,344 | +€44,396 | +7.4% |
| Tangible fixed assets | 22/27 | €165,568 | €209,964 | +€44,396 | +26.8% |
| Land and buildings | 22 | €92,198 | €103,318 | +€11,119 | +12.1% |
| Furniture and vehicles | 24 | €71,571 | €101,948 | +€30,378 | +42.4% |
| Assets under construction and advance payments | 27 | €1,799 | €4,698 | +€2,899 | +161% |
| Financial fixed assets | 28 | €431,380 | €431,380 | = | 0.0% |
| Current assets | 29/58 | €339,851 | €359,133 | +€19,281 | +5.7% |
| Amounts receivable within one year | 40/41 | €51,751 | €55,931 | +€4,180 | +8.1% |
| Other amounts receivable | 41 | €51,751 | €55,931 | +€4,180 | +8.1% |
| Current investments | 50/53 | €241,832 | €260,553 | +€18,721 | +7.7% |
| Cash at bank and in hand | 54/58 | €41,488 | €41,430 | -€58 | -0.1% |
| Deferred charges and accrued income | 490/1 | €4,781 | €1,219 | -€3,562 | -74.5% |
| Total equity and liabilities | 10/49 | €936,799 | €1,000,477 | +€63,678 | +6.8% |
| Equity | 10/15 | €620,087 | €678,064 | +€57,977 | +9.3% |
| Contributions | 10/11 | €91,200 | €91,200 | = | 0.0% |
| Reserves | 13 | €453,488 | €511,465 | +€57,977 | +12.8% |
| Non-distributable reserves | 130/1 | €218,726 | - | -€218,726 | |
| Own shares acquired | 1312 | €218,726 | - | -€218,726 | |
| Tax-exempt reserves | 132 | €234,762 | €227,708 | -€7,054 | -3.0% |
| Distributable reserves | 133 | - | €283,757 | +€283,757 | |
| Profit (loss) carried forward | 14 | €75,399 | €75,399 | = | 0.0% |
| Provisions and deferred taxes | 16 | €55,691 | €53,340 | -€2,351 | -4.2% |
| Deferred taxes | 168 | €55,691 | €53,340 | -€2,351 | -4.2% |
| Amounts payable | 17/49 | €261,021 | €269,073 | +€8,052 | +3.1% |
| Amounts payable after more than one year | 17 | €161,931 | €116,804 | -€45,128 | -27.9% |
| Financial debts | 170/4 | €161,131 | €116,004 | -€45,128 | -28.0% |
| Other amounts payable | 178/9 | €800 | €800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,090 | €152,270 | +€53,180 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €49,268 | €48,906 | -€362 | -0.7% |
| Trade debts | 44 | €3,418 | €7,277 | +€3,859 | +113% |
| Suppliers | 440/4 | €3,418 | €7,277 | +€3,859 | +113% |
| Taxes, remuneration and social security | 45 | €18,353 | €31,067 | +€12,715 | +69.3% |
| Taxes | 450/3 | €18,353 | €31,067 | +€12,715 | +69.3% |
| Other amounts payable | 47/48 | €28,051 | €65,020 | +€36,968 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,113 | €22,338 | +€225 | +1.0% |
| Other operating charges | 640/8 | €2,822 | €545 | -€2,277 | -80.7% |
| Gross operating margin | 9900 | €129,246 | €121,861 | -€7,384 | -5.7% |
| Operating profit (loss) | 9901 | €104,310 | €98,979 | -€5,332 | -5.1% |
| Financial income | 75/76B | €3,127 | €7,119 | +€3,992 | +128% |
| Recurring financial income | 75 | €3,127 | €7,119 | +€3,992 | +128% |
| Financial charges | 65/66B | €9,683 | €5,192 | -€4,491 | -46.4% |
| Recurring financial charges | 65 | €9,683 | €5,192 | -€4,491 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €97,754 | €100,905 | +€3,151 | +3.2% |
| Transfer from deferred taxes | 780 | €612 | €2,351 | +€1,739 | +284% |
| Income taxes | 67/77 | €29,338 | €34,280 | +€4,942 | +16.8% |
| Profit (loss) for the period | 9904 | €69,028 | €68,977 | -€51 | -0.1% |
| Transfer from tax-exempt reserves | 789 | €1,836 | €7,054 | +€5,218 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | €70,864 | €76,031 | +€5,167 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.