GAMBEL: 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.
GAMBEL
Largest movements
- Receivables within one year +€54,545
up €54,545 (+247.6%), from €22,027 to €76,571
of which Trade receivables: +€61,371
- Tangible fixed assets -€26,087
down €26,087 (-4.9%), from €530,828 to €504,741
of which Land and buildings: -€19,828
- Cash +€14,008
up €14,008 (+65.7%), from €21,325 to €35,333
mainly Depreciation (+€49,393) and Debts after one year (+€24,930)
- Intangible fixed assets -€14,000
down €14,000 (-10.2%), from €137,667 to €123,667
- Other debts -€40,539
down €40,539 (-22.4%), from €181,064 to €140,524
- Debts after one year +€24,930
up €24,930 (+4.8%), from €524,579 to €549,509
- Current portion of long-term debt +€21,133
new in 2025: €21,133
- Profit (loss) carried forward +€16,067
up €16,067 (+24.8%), from -€64,880 to -€48,814
- Trade debts -€10,233
down €10,233 (-46.1%), from €22,221 to €11,988
- Gross operating margin +€59,670
up €59,670 (+408.6%), from €14,604 to €74,274
- Depreciation +€33,290
up €33,290 (+206.7%), from €16,103 to €49,393
- Financial income -€4,503
down €4,503 (-99.8%), from €4,513 to €10
- Financial charges +€2,899
up €2,899 (+159.3%), from €1,820 to €4,719
- Other operating charges +€2,042
up €2,042 (+138.7%), from €1,472 to €3,514
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 | €739,113 | €764,579 | +€25,466 | +3.4% |
| Fixed assets | 21/28 | €692,761 | €652,674 | -€40,087 | -5.8% |
| Intangible fixed assets | 21 | €137,667 | €123,667 | -€14,000 | -10.2% |
| Tangible fixed assets | 22/27 | €530,828 | €504,741 | -€26,087 | -4.9% |
| Land and buildings | 22 | €466,551 | €446,723 | -€19,828 | -4.2% |
| Plant, machinery and equipment | 23 | €6,015 | €13,790 | +€7,775 | +129.3% |
| Furniture and vehicles | 24 | €58,262 | €44,228 | -€14,034 | -24.1% |
| Financial fixed assets | 28 | €24,266 | €24,266 | = | 0.0% |
| Current assets | 29/58 | €46,352 | €111,905 | +€65,552 | +141.4% |
| Amounts receivable within one year | 40/41 | €22,027 | €76,571 | +€54,545 | +247.6% |
| Trade receivables | 40 | €12,450 | €73,821 | +€61,371 | +492.9% |
| Other amounts receivable | 41 | €9,577 | €2,750 | -€6,827 | -71.3% |
| Cash at bank and in hand | 54/58 | €21,325 | €35,333 | +€14,008 | +65.7% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €739,113 | €764,579 | +€25,466 | +3.4% |
| Equity | 10/15 | -€2,247 | €13,820 | +€16,067 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,134 | €1,134 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,134 | €1,134 | = | 0.0% |
| Legal reserve | 130 | €1,134 | €1,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,880 | -€48,814 | +€16,067 | +24.8% |
| Amounts payable | 17/49 | €741,360 | €750,759 | +€9,399 | +1.3% |
| Amounts payable after more than one year | 17 | €524,579 | €549,509 | +€24,930 | +4.8% |
| Financial debts | 170/4 | €524,579 | €549,509 | +€24,930 | +4.8% |
| Amounts payable within one year | 42/48 | €216,781 | €201,250 | -€15,531 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €21,133 | +€21,133 | |
| Trade debts | 44 | €22,221 | €11,988 | -€10,233 | -46.1% |
| Suppliers | 440/4 | €22,221 | €11,988 | -€10,233 | -46.1% |
| Advances received on contracts in progress | 46 | - | €7,492 | +€7,492 | |
| Taxes, remuneration and social security | 45 | €13,496 | €20,114 | +€6,617 | +49.0% |
| Taxes | 450/3 | €2,979 | €20,114 | +€17,134 | +575.1% |
| Remuneration and social security | 454/9 | €10,517 | - | -€10,517 | |
| Other amounts payable | 47/48 | €181,064 | €140,524 | -€40,539 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,103 | €49,393 | +€33,290 | +206.7% |
| Other operating charges | 640/8 | €1,472 | €3,514 | +€2,042 | +138.7% |
| Gross operating margin | 9900 | €14,604 | €74,274 | +€59,670 | +408.6% |
| Operating profit (loss) | 9901 | -€2,971 | €21,366 | +€24,338 | |
| Financial income | 75/76B | €4,513 | €10 | -€4,503 | -99.8% |
| Recurring financial income | 75 | €4,513 | €10 | -€4,503 | -99.8% |
| Financial charges | 65/66B | €1,820 | €4,719 | +€2,899 | +159.3% |
| Recurring financial charges | 65 | €1,820 | €4,719 | +€2,899 | +159.3% |
| Profit (loss) for the period before taxes | 9903 | -€278 | €16,657 | +€16,935 | |
| Income taxes | 67/77 | €603 | €590 | -€12 | -2.1% |
| Profit (loss) for the period | 9904 | -€881 | €16,067 | +€16,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€881 | €16,067 | +€16,948 |
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 11 October 2026 via checked.be.