GADEMO: what changed
What changed
GADEMO
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€25,516
2024 · -€1,276+€26,791
Equity
€6.1m
2024 · €6.1m+€25,516
Cash
€1.1m
2024 · €808,201+€305,684
Balance sheet total
€6.6m
2024 · €6.6m+€42,429
Largest movements
Assets
- Cash +€305,684
up €305,684 (+37.8%), from €808,201 to €1.1m
mainly Depreciation (+€231,449) and Receivables within one year (+€77,125)
- Tangible fixed assets -€198,135
down €198,135 (-3.7%), from €5.3m to €5.1m
of which Land and buildings: -€181,796
- Receivables within one year -€77,125
down €77,125 (-18.3%), from €422,288 to €345,163
of which Other amounts receivable: -€99,709
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Depreciation +€18,055
up €18,055 (+8.5%), from €213,394 to €231,449
- Gross operating margin +€15,804
up €15,804 (+5.1%), from €307,821 to €323,624
- Taxes +€12,261
up €12,261 (+100%), from €12,207 to €24,467
- Financial charges -€3,999
down €3,999 (-13.2%), from €30,252 to €26,253
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,276
Gross operating margin
+€15,804
Depreciation
-€18,055
Write-downs
-€269
Other operating charges
-€594
Other operating items
+€39,867
Financial income
-€1,699
Financial charges
+€3,999
Taxes
-€12,261
Result 2025
€25,516
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€345,435
Investment
-€39,750
Financing
€0
Cash 2024
€808,201
From operations (derived)
+€345,435
Net result for the year
+€25,516
Depreciation
+€231,449
Receivables within one year
+€77,125
Deferred charges and accrued income
-€5,569
Provisions
-€449
Trade debts
+€15,661
Tax, wage and social debts
+€20,906
Other debts
-€14,709
Accrued charges and deferred income
-€4,496
Investment (derived)
-€39,750
Investment in fixed assets (net)
-€39,750
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,594,368 | €6,636,797 | +€42,429 | +0.6% |
| Fixed assets | 21/28 | €5,340,736 | €5,149,037 | -€191,699 | -3.6% |
| Intangible fixed assets | 21 | - | €6,436 | +€6,436 | |
| Tangible fixed assets | 22/27 | €5,340,111 | €5,141,976 | -€198,135 | -3.7% |
| Land and buildings | 22 | €5,208,212 | €5,026,415 | -€181,796 | -3.5% |
| Plant, machinery and equipment | 23 | €64,779 | €64,950 | +€171 | +0.3% |
| Furniture and vehicles | 24 | €60,465 | €40,293 | -€20,173 | -33.4% |
| Assets under construction and advance payments | 27 | €6,655 | €10,318 | +€3,662 | +55.0% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €1,253,632 | €1,487,760 | +€234,128 | +18.7% |
| Amounts receivable within one year | 40/41 | €422,288 | €345,163 | -€77,125 | -18.3% |
| Trade receivables | 40 | €52,565 | €75,149 | +€22,584 | +43.0% |
| Other amounts receivable | 41 | €369,723 | €270,014 | -€99,709 | -27.0% |
| Cash at bank and in hand | 54/58 | €808,201 | €1,113,885 | +€305,684 | +37.8% |
| Deferred charges and accrued income | 490/1 | €23,143 | €28,712 | +€5,569 | +24.1% |
| Total equity and liabilities | 10/49 | €6,594,368 | €6,636,797 | +€42,429 | +0.6% |
| Equity | 10/15 | €6,099,701 | €6,125,217 | +€25,516 | +0.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,080,779 | €6,106,232 | +€25,452 | +0.4% |
| Tax-exempt reserves | 132 | €41,779 | €40,432 | -€1,348 | -3.2% |
| Distributable reserves | 133 | €6,039,000 | €6,065,800 | +€26,800 | +0.4% |
| Profit (loss) carried forward | 14 | €372 | €435 | +€63 | +17.0% |
| Provisions and deferred taxes | 16 | €13,927 | €13,477 | -€449 | -3.2% |
| Deferred taxes | 168 | €13,927 | €13,477 | -€449 | -3.2% |
| Amounts payable | 17/49 | €480,740 | €498,103 | +€17,362 | +3.6% |
| Amounts payable within one year | 42/48 | €454,518 | €476,377 | +€21,859 | +4.8% |
| Trade debts | 44 | €23,760 | €39,421 | +€15,661 | +65.9% |
| Suppliers | 440/4 | €23,760 | €39,421 | +€15,661 | +65.9% |
| Taxes, remuneration and social security | 45 | €39,001 | €59,908 | +€20,906 | +53.6% |
| Taxes | 450/3 | €34,901 | €53,208 | +€18,306 | +52.5% |
| Remuneration and social security | 454/9 | €4,100 | €6,700 | +€2,600 | +63.4% |
| Other amounts payable | 47/48 | €391,757 | €377,048 | -€14,709 | -3.8% |
| Accrued charges and deferred income | 492/3 | €26,222 | €21,726 | -€4,496 | -17.1% |
| Non-recurring operating income | 76A | €154,904 | €0 | -€154,904 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,394 | €231,449 | +€18,055 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €269 | +€269 | |
| Other operating charges | 640/8 | €24,825 | €25,419 | +€594 | +2.4% |
| Non-recurring operating charges | 66A | €40,204 | €337 | -€39,867 | -99.2% |
| Gross operating margin | 9900 | €307,821 | €323,624 | +€15,804 | +5.1% |
| Operating profit (loss) | 9901 | €29,398 | €66,150 | +€36,752 | +125% |
| Financial income | 75/76B | €11,336 | €9,637 | -€1,699 | -15.0% |
| Recurring financial income | 75 | €11,336 | €9,637 | -€1,699 | -15.0% |
| Financial charges | 65/66B | €30,252 | €26,253 | -€3,999 | -13.2% |
| Recurring financial charges | 65 | €30,252 | €26,253 | -€3,999 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €10,481 | €49,534 | +€39,052 | +373% |
| Transfer from deferred taxes | 780 | €449 | €449 | = | 0.0% |
| Income taxes | 67/77 | €12,207 | €24,467 | +€12,261 | +100% |
| Profit (loss) for the period | 9904 | -€1,276 | €25,516 | +€26,791 | |
| Transfer from tax-exempt reserves | 789 | €1,348 | €1,348 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72 | €26,863 | +€26,791 | +37,200% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.