GAMACORP: 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.
GAMACORP
Largest movements
- Receivables within one year -€9,111
down €9,111 (-7.1%), from €128,327 to €119,216
of which Trade receivables: -€5,124
- Tangible fixed assets -€4,200
down €4,200 (-66.7%), from €6,300 to €2,100
- Stocks and contracts -€1,618
no longer reported in 2025 (was €1,618)
- Reserves -€7,876
down €7,876 (-11.7%), from €67,330 to €59,454
of which Distributable reserves: -€7,876
- Debts after one year -€4,199
down €4,199 (-66.7%), from €6,299 to €2,100
- Profit (loss) carried forward -€3,494
down €3,494 (-44.4%), from -€7,876 to -€11,370
- Gross operating margin -€5,792
down €5,792 (-420.3%), from -€1,378 to -€7,170
- Depreciation -€2,298
down €2,298 (-35.4%), from €6,498 to €4,200
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 | €138,459 | €122,326 | -€16,133 | -11.7% |
| Fixed assets | 21/28 | €6,300 | €2,100 | -€4,200 | -66.7% |
| Tangible fixed assets | 22/27 | €6,300 | €2,100 | -€4,200 | -66.7% |
| Furniture and vehicles | 24 | €6,300 | €2,100 | -€4,200 | -66.7% |
| Current assets | 29/58 | €132,159 | €120,226 | -€11,933 | -9.0% |
| Stocks and contracts in progress | 3 | €1,618 | - | -€1,618 | |
| Stocks | 30/36 | €1,618 | - | -€1,618 | |
| Amounts receivable within one year | 40/41 | €128,327 | €119,216 | -€9,111 | -7.1% |
| Trade receivables | 40 | €5,225 | €101 | -€5,124 | -98.1% |
| Other amounts receivable | 41 | €123,102 | €119,115 | -€3,987 | -3.2% |
| Cash at bank and in hand | 54/58 | €2,214 | €1,010 | -€1,204 | -54.4% |
| Total equity and liabilities | 10/49 | €138,459 | €122,326 | -€16,133 | -11.7% |
| Equity | 10/15 | €121,454 | €110,084 | -€11,370 | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €67,330 | €59,454 | -€7,876 | -11.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €61,130 | €53,254 | -€7,876 | -12.9% |
| Profit (loss) carried forward | 14 | -€7,876 | -€11,370 | -€3,494 | -44.4% |
| Amounts payable | 17/49 | €17,005 | €12,242 | -€4,763 | -28.0% |
| Amounts payable after more than one year | 17 | €6,299 | €2,100 | -€4,199 | -66.7% |
| Financial debts | 170/4 | €6,299 | €2,100 | -€4,199 | -66.7% |
| Amounts payable within one year | 42/48 | €10,706 | €10,142 | -€564 | -5.3% |
| Trade debts | 44 | €10,706 | €10,142 | -€564 | -5.3% |
| Suppliers | 440/4 | €10,706 | €10,142 | -€564 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,498 | €4,200 | -€2,298 | -35.4% |
| Gross operating margin | 9900 | -€1,378 | -€7,170 | -€5,792 | -420.3% |
| Operating profit (loss) | 9901 | -€7,876 | -€11,370 | -€3,494 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,876 | -€11,370 | -€3,494 | -44.4% |
| Profit (loss) for the period | 9904 | -€7,876 | -€11,370 | -€3,494 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,876 | -€11,370 | -€3,494 | -44.4% |
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 5 October 2026 via checked.be.