GAMEC: 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.
GAMEC
Largest movements
- Current investments -€128,335
down €128,335 (-52.7%), from €243,403 to €115,068
- Cash +€105,568
up €105,568 (+1518.9%), from €6,950 to €112,518
mainly Current investments (+€128,335) and Trade debts (+€34,974)
- Profit (loss) carried forward -€52,431
down €52,431 (-793.7%), from -€6,606 to -€59,037
- Trade debts +€34,974
up €34,974 (+2338.1%), from €1,496 to €36,470
- Other debts -€4,310
down €4,310 (-100.0%), from €4,310 to €0
- Gross operating margin +€1,890
up €1,890 (+3.5%), from -€53,810 to -€51,920
- Financial income -€822
down €822 (-30.4%), from €2,706 to €1,884
- Taxes -€619
down €619 (-52.3%), from €1,184 to €565
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 | €278,038 | €256,271 | -€21,767 | -7.8% |
| Fixed assets | 21/28 | €5,377 | €4,665 | -€712 | -13.2% |
| Tangible fixed assets | 22/27 | €5,377 | €4,665 | -€712 | -13.2% |
| Land and buildings | 22 | €5,377 | €4,665 | -€712 | -13.2% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Current assets | 29/58 | €272,661 | €251,606 | -€21,055 | -7.7% |
| Amounts receivable within one year | 40/41 | €21,799 | €23,756 | +€1,957 | +9.0% |
| Trade receivables | 40 | - | €15,088 | +€15,088 | |
| Other amounts receivable | 41 | €21,799 | €8,668 | -€13,131 | -60.2% |
| Current investments | 50/53 | €243,403 | €115,068 | -€128,335 | -52.7% |
| Cash at bank and in hand | 54/58 | €6,950 | €112,518 | +€105,568 | +1518.9% |
| Deferred charges and accrued income | 490/1 | €509 | €263 | -€245 | -48.2% |
| Total equity and liabilities | 10/49 | €278,038 | €256,271 | -€21,767 | -7.8% |
| Equity | 10/15 | €272,232 | €219,801 | -€52,431 | -19.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €266,438 | €266,438 | = | 0.0% |
| Distributable reserves | 133 | €266,438 | €266,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,606 | -€59,037 | -€52,431 | -793.7% |
| Amounts payable | 17/49 | €5,806 | €36,470 | +€30,664 | +528.1% |
| Amounts payable within one year | 42/48 | €5,806 | €36,470 | +€30,664 | +528.1% |
| Trade debts | 44 | €1,496 | €36,470 | +€34,974 | +2338.1% |
| Suppliers | 440/4 | €1,496 | €36,470 | +€34,974 | +2338.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,310 | €0 | -€4,310 | -100.0% |
| Non-recurring operating income | 76A | - | €12,397 | +€12,397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712 | €712 | -€0 | 0.0% |
| Other operating charges | 640/8 | €694 | €583 | -€111 | -16.0% |
| Gross operating margin | 9900 | -€53,810 | -€51,920 | +€1,890 | +3.5% |
| Operating profit (loss) | 9901 | -€55,216 | -€53,215 | +€2,000 | +3.6% |
| Financial income | 75/76B | €2,706 | €1,884 | -€822 | -30.4% |
| Recurring financial income | 75 | €2,706 | €1,884 | -€822 | -30.4% |
| Financial charges | 65/66B | €79 | €535 | +€456 | +578.9% |
| Recurring financial charges | 65 | €79 | €535 | +€456 | +578.9% |
| Profit (loss) for the period before taxes | 9903 | -€52,589 | -€51,866 | +€722 | +1.4% |
| Income taxes | 67/77 | €1,184 | €565 | -€619 | -52.3% |
| Profit (loss) for the period | 9904 | -€53,772 | -€52,431 | +€1,341 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,772 | -€52,431 | +€1,341 | +2.5% |
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.