GAMA-GLAS: what changed
Two fiscal 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.
GAMA-GLAS
Largest movements
- Cash +€63,355
up €63,355 (+53.9%), from €117,578 to €180,933
mainly Net result for the year (+€64,451) and Trade debts (+€24,759)
- Tangible fixed assets +€12,886
up €12,886 (+89.5%), from €14,401 to €27,287
of which Furniture and vehicles: +€14,963
- Stocks and contracts -€4,095
down €4,095 (-9.2%), from €44,470 to €40,375
- Receivables within one year -€3,422
down €3,422 (-4.5%), from €76,495 to €73,073
of which Trade receivables: -€5,000
- Reserves +€64,451
up €64,451 (+59.0%), from €109,219 to €173,670
- Trade debts +€24,759
up €24,759 (+98.6%), from €25,111 to €49,870
- Other debts -€22,183
down €22,183 (-23.4%), from €94,848 to €72,665
- Gross operating margin +€38,173
up €38,173 (+54.0%), from €70,668 to €108,841
- Taxes +€20,021
up €20,021 (+228.4%), from €8,765 to €28,786
- Financial charges +€4,436
up €4,436 (+386.5%), from €1,148 to €5,584
- Depreciation +€2,559
up €2,559 (+125.6%), from €2,038 to €4,597
From the 2024 result to the 2025 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.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,944 | €321,668 | +€68,724 | +27.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €14,401 | €27,287 | +€12,886 | +89.5% |
| Tangible fixed assets | 22/27 | €14,401 | €27,287 | +€12,886 | +89.5% |
| Land and buildings | 22 | €7,698 | €6,506 | -€1,192 | -15.5% |
| Plant, machinery and equipment | 23 | €3,082 | €2,197 | -€885 | -28.7% |
| Furniture and vehicles | 24 | €3,621 | €18,584 | +€14,963 | +413.2% |
| Current assets | 29/58 | €238,543 | €294,381 | +€55,838 | +23.4% |
| Stocks and contracts in progress | 3 | €44,470 | €40,375 | -€4,095 | -9.2% |
| Stocks | 30/36 | €44,470 | €40,375 | -€4,095 | -9.2% |
| Amounts receivable within one year | 40/41 | €76,495 | €73,073 | -€3,422 | -4.5% |
| Trade receivables | 40 | €66,518 | €61,518 | -€5,000 | -7.5% |
| Other amounts receivable | 41 | €9,977 | €11,555 | +€1,578 | +15.8% |
| Cash at bank and in hand | 54/58 | €117,578 | €180,933 | +€63,355 | +53.9% |
| Total equity and liabilities | 10/49 | €252,944 | €321,668 | +€68,724 | +27.2% |
| Equity | 10/15 | €127,819 | €192,270 | +€64,451 | +50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,219 | €173,670 | +€64,451 | +59.0% |
| Distributable reserves | 133 | €109,219 | €173,670 | +€64,451 | +59.0% |
| Amounts payable | 17/49 | €125,125 | €129,398 | +€4,273 | +3.4% |
| Amounts payable within one year | 42/48 | €124,508 | €129,398 | +€4,890 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,549 | €3,862 | +€2,313 | +149.3% |
| Trade debts | 44 | €25,111 | €49,870 | +€24,759 | +98.6% |
| Suppliers | 440/4 | €25,111 | €49,870 | +€24,759 | +98.6% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €94,848 | €72,665 | -€22,183 | -23.4% |
| Accrued charges and deferred income | 492/3 | €617 | - | -€617 | |
| Remuneration, social security and pensions | 62 | €2,600 | €2,546 | -€54 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,038 | €4,597 | +€2,559 | +125.6% |
| Other operating charges | 640/8 | €3,540 | €2,876 | -€664 | -18.8% |
| Gross operating margin | 9900 | €70,668 | €108,841 | +€38,173 | +54.0% |
| Operating profit (loss) | 9901 | €62,490 | €98,822 | +€36,332 | +58.1% |
| Financial income | 75/76B | €82 | €0 | -€82 | -100.0% |
| Recurring financial income | 75 | €82 | €0 | -€82 | -100.0% |
| Financial charges | 65/66B | €1,148 | €5,584 | +€4,436 | +386.5% |
| Recurring financial charges | 65 | €1,148 | €5,584 | +€4,436 | +386.5% |
| Profit (loss) for the period before taxes | 9903 | €61,424 | €93,237 | +€31,813 | +51.8% |
| Income taxes | 67/77 | €8,765 | €28,786 | +€20,021 | +228.4% |
| Profit (loss) for the period | 9904 | €52,659 | €64,451 | +€11,792 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,659 | €64,451 | +€11,792 | +22.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.