GACOMA: 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.
GACOMA
Largest movements
- Tangible fixed assets -€33,033
down €33,033 (-4.5%), from €730,117 to €697,084
- Debts after one year -€63,265
down €63,265 (-11.9%), from €530,986 to €467,722
- Profit (loss) carried forward +€33,795
up €33,795 (+26.1%), from -€129,491 to -€95,696
- Gross operating margin +€8,209
up €8,209 (+9.0%), from €90,962 to €99,171
- Financial charges -€4,193
down €4,193 (-15.6%), from €26,833 to €22,640
- Financial income -€3,341
no longer reported in 2026 (was €3,341)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €808,518 | €775,139 | -€33,379 | -4.1% |
| Fixed assets | 21/28 | €730,117 | €697,084 | -€33,033 | -4.5% |
| Tangible fixed assets | 22/27 | €730,117 | €697,084 | -€33,033 | -4.5% |
| Land and buildings | 22 | €730,117 | €697,084 | -€33,033 | -4.5% |
| Current assets | 29/58 | €78,401 | €78,055 | -€346 | -0.4% |
| Amounts receivable within one year | 40/41 | €1,002 | - | -€1,002 | |
| Other amounts receivable | 41 | €1,002 | - | -€1,002 | |
| Cash at bank and in hand | 54/58 | €77,399 | €78,055 | +€656 | +0.8% |
| Total equity and liabilities | 10/49 | €808,518 | €775,139 | -€33,379 | -4.1% |
| Equity | 10/15 | €245,509 | €279,304 | +€33,795 | +13.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,491 | -€95,696 | +€33,795 | +26.1% |
| Amounts payable | 17/49 | €563,009 | €495,836 | -€67,173 | -11.9% |
| Amounts payable after more than one year | 17 | €530,986 | €467,722 | -€63,265 | -11.9% |
| Other amounts payable | 178/9 | €530,986 | €467,722 | -€63,265 | -11.9% |
| Amounts payable within one year | 42/48 | €4,505 | €4,646 | +€141 | +3.1% |
| Taxes, remuneration and social security | 45 | €4,505 | €4,646 | +€141 | +3.1% |
| Taxes | 450/3 | €4,505 | €4,646 | +€141 | +3.1% |
| Accrued charges and deferred income | 492/3 | €27,518 | €23,468 | -€4,050 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,033 | €33,033 | = | 0.0% |
| Other operating charges | 640/8 | €9,186 | €9,703 | +€517 | +5.6% |
| Gross operating margin | 9900 | €90,962 | €99,171 | +€8,209 | +9.0% |
| Operating profit (loss) | 9901 | €48,743 | €56,435 | +€7,691 | +15.8% |
| Financial income | 75/76B | €3,341 | - | -€3,341 | |
| Recurring financial income | 75 | €3,341 | - | -€3,341 | |
| Financial charges | 65/66B | €26,833 | €22,640 | -€4,193 | -15.6% |
| Recurring financial charges | 65 | €26,833 | €22,640 | -€4,193 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €25,251 | €33,795 | +€8,543 | +33.8% |
| Income taxes | 67/77 | -€15 | - | +€15 | |
| Profit (loss) for the period | 9904 | €25,266 | €33,795 | +€8,528 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,266 | €33,795 | +€8,528 | +33.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.