GAMAN: 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.
GAMAN
Largest movements
- Cash -€194,935
down €194,935 (-97.5%), from €200,027 to €5,092
mainly Net result for the year (-€125,413) and Contributions, distributions and other (-€97,397)
- Tangible fixed assets +€47,358
up €47,358 (+1449.0%), from €3,268 to €50,627
of which Furniture and vehicles: +€46,953
- Profit (loss) carried forward -€125,413
down €125,413, from €0 to -€125,413
- Reserves -€97,397
down €97,397 (-100.0%), from €97,397 to €0
- Other debts +€77,788
up €77,788 (+51.3%), from €151,725 to €229,513
- Tax, wage and social debts -€2,967
down €2,967 (-39.5%), from €7,513 to €4,547
- Taxes +€350,611
up €350,611 (+1760.0%), from €19,921 to €370,531
- Gross operating margin +€164,797
up €164,797 (+174.8%), from €94,281 to €259,078
- Financial income -€65,970
down €65,970 (-100.0%), from €65,970 to €0
of which Non-recurring financial income: -€65,970
- Depreciation +€9,954
up €9,954 (+641.1%), from €1,553 to €11,507
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 | €275,491 | €129,332 | -€146,158 | -53.1% |
| Fixed assets | 21/28 | €50,563 | €97,921 | +€47,358 | +93.7% |
| Tangible fixed assets | 22/27 | €3,268 | €50,627 | +€47,358 | +1449.0% |
| Plant, machinery and equipment | 23 | €2,164 | €2,642 | +€478 | +22.1% |
| Furniture and vehicles | 24 | €1,032 | €47,985 | +€46,953 | +4550.6% |
| Other tangible fixed assets | 26 | €73 | €0 | -€73 | -100.0% |
| Financial fixed assets | 28 | €47,294 | €47,294 | = | 0.0% |
| Current assets | 29/58 | €224,928 | €31,411 | -€193,517 | -86.0% |
| Amounts receivable within one year | 40/41 | €24,249 | €24,918 | +€669 | +2.8% |
| Trade receivables | 40 | €24,249 | €22,743 | -€1,507 | -6.2% |
| Other amounts receivable | 41 | - | €2,175 | +€2,175 | |
| Cash at bank and in hand | 54/58 | €200,027 | €5,092 | -€194,935 | -97.5% |
| Deferred charges and accrued income | 490/1 | €651 | €1,401 | +€750 | +115.1% |
| Total equity and liabilities | 10/49 | €275,491 | €129,332 | -€146,158 | -53.1% |
| Equity | 10/15 | €115,947 | -€106,863 | -€222,809 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €97,397 | €0 | -€97,397 | -100.0% |
| Distributable reserves | 133 | €97,397 | €0 | -€97,397 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€125,413 | -€125,413 | |
| Amounts payable | 17/49 | €159,544 | €236,195 | +€76,651 | +48.0% |
| Amounts payable within one year | 42/48 | €159,544 | €236,195 | +€76,651 | +48.0% |
| Financial debts | 43 | - | €103 | +€103 | |
| Credit institutions | 430/8 | - | €103 | +€103 | |
| Trade debts | 44 | €305 | €2,033 | +€1,727 | +565.5% |
| Suppliers | 440/4 | €305 | €2,033 | +€1,727 | +565.5% |
| Taxes, remuneration and social security | 45 | €7,513 | €4,547 | -€2,967 | -39.5% |
| Taxes | 450/3 | €7,513 | €4,547 | -€2,967 | -39.5% |
| Other amounts payable | 47/48 | €151,725 | €229,513 | +€77,788 | +51.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €167,031 | +€167,031 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,553 | €11,507 | +€9,954 | +641.1% |
| Other operating charges | 640/8 | €1,448 | €2,140 | +€692 | +47.8% |
| Gross operating margin | 9900 | €94,281 | €259,078 | +€164,797 | +174.8% |
| Operating profit (loss) | 9901 | €91,280 | €245,431 | +€154,150 | +168.9% |
| Financial income | 75/76B | €65,970 | €0 | -€65,970 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Non-recurring financial income | 76B | €65,970 | €0 | -€65,970 | -100.0% |
| Financial charges | 65/66B | €614 | €312 | -€302 | -49.2% |
| Recurring financial charges | 65 | €614 | €312 | -€302 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €156,637 | €245,119 | +€88,482 | +56.5% |
| Income taxes | 67/77 | €19,921 | €370,531 | +€350,611 | +1760.0% |
| Profit (loss) for the period | 9904 | €136,716 | -€125,413 | -€262,129 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,716 | -€125,413 | -€262,129 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.