GAMACO SERVICES: 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.
GAMACO SERVICES
Largest movements
- Receivables within one year -€148,643
down €148,643 (-68.2%), from €218,063 to €69,421
of which Trade receivables: -€95,050
- Tangible fixed assets +€81,860
up €81,860 (+10.5%), from €781,539 to €863,399
of which Leasing and similar rights: +€57,593
- Stocks and contracts +€62,906
up €62,906 (+34.8%), from €180,997 to €243,903
- Cash +€36,793
up €36,793 (+129.6%), from €28,379 to €65,172
mainly Depreciation (+€301,827) and Receivables within one year (+€148,643)
- Trade debts -€157,908
down €157,908 (-48.1%), from €328,400 to €170,492
- Debts after one year +€114,478
up €114,478 (+22.7%), from €504,104 to €618,582
- Tax, wage and social debts +€40,575
up €40,575 (+76.5%), from €53,012 to €93,587
of which Remuneration and social security: +€37,722
- Other debts +€20,014
up €20,014 (+21.2%), from €94,353 to €114,366
- Current portion of long-term debt +€16,684
up €16,684 (+9.6%), from €173,765 to €190,449
- Gross operating margin +€378,389
up €378,389 (+102.4%), from €369,493 to €747,883
- Staff costs +€226,901
up €226,901 (+165.9%), from €136,761 to €363,663
- Depreciation +€107,996
up €107,996 (+55.7%), from €193,830 to €301,827
- Financial charges +€41,143
up €41,143 (+116.0%), from €35,467 to €76,610
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 | €1,212,547 | €1,245,508 | +€32,961 | +2.7% |
| Fixed assets | 21/28 | €781,539 | €863,399 | +€81,860 | +10.5% |
| Tangible fixed assets | 22/27 | €781,539 | €863,399 | +€81,860 | +10.5% |
| Land and buildings | 22 | €17,056 | €22,034 | +€4,978 | +29.2% |
| Plant, machinery and equipment | 23 | €575,720 | €556,680 | -€19,040 | -3.3% |
| Furniture and vehicles | 24 | €188,763 | €227,092 | +€38,329 | +20.3% |
| Leasing and similar rights | 25 | - | €57,593 | +€57,593 | |
| Current assets | 29/58 | €431,008 | €382,109 | -€48,899 | -11.3% |
| Stocks and contracts in progress | 3 | €180,997 | €243,903 | +€62,906 | +34.8% |
| Stocks | 30/36 | €180,997 | €243,903 | +€62,906 | +34.8% |
| Amounts receivable within one year | 40/41 | €218,063 | €69,421 | -€148,643 | -68.2% |
| Trade receivables | 40 | €164,471 | €69,421 | -€95,050 | -57.8% |
| Other amounts receivable | 41 | €53,592 | - | -€53,592 | |
| Cash at bank and in hand | 54/58 | €28,379 | €65,172 | +€36,793 | +129.6% |
| Deferred charges and accrued income | 490/1 | €3,569 | €3,613 | +€44 | +1.2% |
| Total equity and liabilities | 10/49 | €1,212,547 | €1,245,508 | +€32,961 | +2.7% |
| Equity | 10/15 | €58,914 | €58,031 | -€882 | -1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €749 | €749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €749 | €749 | = | 0.0% |
| Reserves not available under the articles | 1311 | €749 | €749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,964 | €51,082 | -€882 | -1.7% |
| Amounts payable | 17/49 | €1,153,633 | €1,187,476 | +€33,843 | +2.9% |
| Amounts payable after more than one year | 17 | €504,104 | €618,582 | +€114,478 | +22.7% |
| Financial debts | 170/4 | €504,104 | €618,582 | +€114,478 | +22.7% |
| Amounts payable within one year | 42/48 | €649,530 | €568,895 | -€80,635 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €173,765 | €190,449 | +€16,684 | +9.6% |
| Trade debts | 44 | €328,400 | €170,492 | -€157,908 | -48.1% |
| Suppliers | 440/4 | €328,400 | €170,492 | -€157,908 | -48.1% |
| Taxes, remuneration and social security | 45 | €53,012 | €93,587 | +€40,575 | +76.5% |
| Taxes | 450/3 | €15,899 | €18,752 | +€2,853 | +17.9% |
| Remuneration and social security | 454/9 | €37,113 | €74,835 | +€37,722 | +101.6% |
| Other amounts payable | 47/48 | €94,353 | €114,366 | +€20,014 | +21.2% |
| Remuneration, social security and pensions | 62 | €136,761 | €363,663 | +€226,901 | +165.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,830 | €301,827 | +€107,996 | +55.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €544 | €750 | +€207 | +38.0% |
| Other operating charges | 640/8 | €4,863 | €5,524 | +€661 | +13.6% |
| Gross operating margin | 9900 | €369,493 | €747,883 | +€378,389 | +102.4% |
| Operating profit (loss) | 9901 | €33,495 | €76,119 | +€42,624 | +127.3% |
| Financial income | 75/76B | €21 | €38 | +€18 | +83.7% |
| Recurring financial income | 75 | €21 | €38 | +€18 | +83.7% |
| Financial charges | 65/66B | €35,467 | €76,610 | +€41,143 | +116.0% |
| Recurring financial charges | 65 | €35,467 | €76,610 | +€41,143 | +116.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,951 | -€452 | +€1,498 | +76.8% |
| Income taxes | 67/77 | €2,227 | €430 | -€1,797 | -80.7% |
| Profit (loss) for the period | 9904 | -€4,178 | -€882 | +€3,296 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,178 | -€882 | +€3,296 | +78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.