GADIRMAN: 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.
GADIRMAN
Largest movements
- Receivables within one year +€23,061
up €23,061 (+21.1%), from €109,076 to €132,138
of which Other amounts receivable: +€24,404
- Tangible fixed assets +€8,060
up €8,060 (+46.9%), from €17,202 to €25,262
of which Leasing and similar rights: +€18,141
- Profit (loss) carried forward +€16,892
up €16,892 (+10.9%), from €154,865 to €171,757
- Debts after one year +€14,238
new in 2026: €14,238
- Trade debts -€5,592
down €5,592 (-93.7%), from €5,971 to €379
- Current portion of long-term debt +€4,250
new in 2026: €4,250
- Depreciation +€14,839
new in 2026: €14,839
- Taxes +€1,701
up €1,701 (+27.0%), from €6,305 to €8,006
- Financial charges +€1,531
up €1,531 (+1,033%), from €148 to €1,679
- Gross operating margin +€1,381
up €1,381 (+3.3%), from €41,399 to €42,780
- Other operating charges +€685
up €685 (+101%), from €680 to €1,366
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 | €160,937 | €190,725 | +€29,788 | +18.5% |
| Fixed assets | 21/28 | €17,202 | €25,262 | +€8,060 | +46.9% |
| Tangible fixed assets | 22/27 | €17,202 | €25,262 | +€8,060 | +46.9% |
| Furniture and vehicles | 24 | €17,202 | €7,121 | -€10,081 | -58.6% |
| Leasing and similar rights | 25 | - | €18,141 | +€18,141 | |
| Current assets | 29/58 | €143,735 | €165,463 | +€21,728 | +15.1% |
| Amounts receivable within one year | 40/41 | €109,076 | €132,138 | +€23,061 | +21.1% |
| Trade receivables | 40 | €1,343 | - | -€1,343 | |
| Other amounts receivable | 41 | €107,734 | €132,138 | +€24,404 | +22.7% |
| Cash at bank and in hand | 54/58 | €34,659 | €33,325 | -€1,334 | -3.8% |
| Total equity and liabilities | 10/49 | €160,937 | €190,725 | +€29,788 | +18.5% |
| Equity | 10/15 | €154,965 | €171,857 | +€16,892 | +10.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,865 | €171,757 | +€16,892 | +10.9% |
| Amounts payable | 17/49 | €5,971 | €18,867 | +€12,896 | +216% |
| Amounts payable after more than one year | 17 | - | €14,238 | +€14,238 | |
| Financial debts | 170/4 | - | €14,238 | +€14,238 | |
| Amounts payable within one year | 42/48 | €5,971 | €4,629 | -€1,342 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,250 | +€4,250 | |
| Trade debts | 44 | €5,971 | €379 | -€5,592 | -93.7% |
| Suppliers | 440/4 | €5,971 | €379 | -€5,592 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,839 | +€14,839 | |
| Other operating charges | 640/8 | €680 | €1,366 | +€685 | +101% |
| Gross operating margin | 9900 | €41,399 | €42,780 | +€1,381 | +3.3% |
| Operating profit (loss) | 9901 | €40,719 | €26,576 | -€14,143 | -34.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €148 | €1,679 | +€1,531 | +1,033% |
| Recurring financial charges | 65 | €148 | €1,679 | +€1,531 | +1,033% |
| Profit (loss) for the period before taxes | 9903 | €40,571 | €24,898 | -€15,673 | -38.6% |
| Income taxes | 67/77 | €6,305 | €8,006 | +€1,701 | +27.0% |
| Profit (loss) for the period | 9904 | €34,266 | €16,892 | -€17,374 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,266 | €16,892 | -€17,374 | -50.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.