GAMAT: 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.
GAMAT
Largest movements
- Cash +€452,714
up €452,714 (+1754.7%), from €25,800 to €478,514
mainly Net result for the year (+€480,685) and Smaller working-capital items (+€29)
- Reserves +€452,685
up €452,685 (+60.7%), from €745,503 to €1.2m
of which Distributable reserves: +€452,685
- Financial income +€26,645
up €26,645 (+5.6%), from €478,003 to €504,648
- Gross operating margin -€421
down €421 (-1.8%), from -€23,114 to -€23,535
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 | €9,749,443 | €10,202,187 | +€452,744 | +4.6% |
| Fixed assets | 21/28 | €9,159,581 | €9,159,581 | = | 0.0% |
| Financial fixed assets | 28 | €9,159,581 | €9,159,581 | = | 0.0% |
| Current assets | 29/58 | €589,861 | €1,042,606 | +€452,744 | +76.8% |
| Amounts receivable within one year | 40/41 | €28 | €58 | +€30 | +107.0% |
| Other amounts receivable | 41 | €28 | €58 | +€30 | +107.0% |
| Current investments | 50/53 | €564,033 | €564,033 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,800 | €478,514 | +€452,714 | +1754.7% |
| Total equity and liabilities | 10/49 | €9,749,443 | €10,202,187 | +€452,744 | +4.6% |
| Equity | 10/15 | €9,720,443 | €10,173,128 | +€452,685 | +4.7% |
| Contributions | 10/11 | €8,974,940 | €8,974,940 | = | 0.0% |
| Reserves | 13 | €745,503 | €1,198,187 | +€452,685 | +60.7% |
| Non-distributable reserves | 130/1 | €89,887 | €89,887 | = | 0.0% |
| Reserves not available under the articles | 1311 | €89,887 | €89,887 | = | 0.0% |
| Distributable reserves | 133 | €655,616 | €1,108,300 | +€452,685 | +69.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,000 | €29,060 | +€60 | +0.2% |
| Amounts payable within one year | 42/48 | €29,000 | €29,060 | +€60 | +0.2% |
| Trade debts | 44 | €0 | €60 | +€60 | |
| Suppliers | 440/4 | €0 | €60 | +€60 | |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €28,000 | €28,000 | = | 0.0% |
| Gross operating margin | 9900 | -€23,114 | -€23,535 | -€421 | -1.8% |
| Operating profit (loss) | 9901 | -€23,114 | -€23,535 | -€421 | -1.8% |
| Financial income | 75/76B | €478,003 | €504,648 | +€26,645 | +5.6% |
| Recurring financial income | 75 | €478,003 | €504,648 | +€26,645 | +5.6% |
| Financial charges | 65/66B | €319 | €428 | +€108 | +33.9% |
| Recurring financial charges | 65 | €319 | €428 | +€108 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €454,569 | €480,685 | +€26,116 | +5.7% |
| Profit (loss) for the period | 9904 | €454,569 | €480,685 | +€26,116 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €454,569 | €480,685 | +€26,116 | +5.7% |
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 28 September 2026 via checked.be.