GAMIR: 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.
GAMIR
Largest movements
- Receivables within one year -€4,231
down €4,231 (-4.7%), from €89,510 to €85,279
of which Other amounts receivable: -€6,205
- Tangible fixed assets -€2,303
down €2,303 (-7.1%), from €32,238 to €29,935
of which Leasing and similar rights: -€8,292
- Cash +€1,331
up €1,331 (+20.9%), from €6,358 to €7,689
mainly Trade debts (+€19,765) and Net result for the year (+€14,061)
- Tax, wage and social debts -€22,125
down €22,125 (-45.2%), from €48,959 to €26,834
- Trade debts +€19,765
up €19,765 (+1,306%), from €1,514 to €21,279
- Short-term financial debts -€2,911
down €2,911 (-37.2%), from €7,826 to €4,915
- Gross operating margin +€12,351
up €12,351 (+42.6%), from €28,967 to €41,318
- Financial charges +€6,680
up €6,680 (+223%), from €2,994 to €9,674
- Taxes +€1,594
up €1,594 (+41.4%), from €3,850 to €5,444
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,406 | €123,496 | -€4,910 | -3.8% |
| Fixed assets | 21/28 | €32,538 | €30,235 | -€2,303 | -7.1% |
| Tangible fixed assets | 22/27 | €32,238 | €29,935 | -€2,303 | -7.1% |
| Furniture and vehicles | 24 | - | €5,989 | +€5,989 | |
| Leasing and similar rights | 25 | €32,238 | €23,946 | -€8,292 | -25.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €95,868 | €93,261 | -€2,608 | -2.7% |
| Amounts receivable within one year | 40/41 | €89,510 | €85,279 | -€4,231 | -4.7% |
| Trade receivables | 40 | €16,722 | €18,695 | +€1,973 | +11.8% |
| Other amounts receivable | 41 | €72,789 | €66,584 | -€6,205 | -8.5% |
| Cash at bank and in hand | 54/58 | €6,358 | €7,689 | +€1,331 | +20.9% |
| Deferred charges and accrued income | 490/1 | - | €293 | +€293 | |
| Total equity and liabilities | 10/49 | €128,406 | €123,496 | -€4,910 | -3.8% |
| Equity | 10/15 | €35,113 | €34,888 | -€225 | -0.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,113 | €29,888 | -€225 | -0.7% |
| Amounts payable | 17/49 | €93,293 | €88,608 | -€4,685 | -5.0% |
| Amounts payable after more than one year | 17 | €27,865 | €27,865 | = | 0.0% |
| Financial debts | 170/4 | €27,865 | €27,865 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,428 | €60,743 | -€4,685 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €7,129 | €7,715 | +€586 | +8.2% |
| Financial debts | 43 | €7,826 | €4,915 | -€2,911 | -37.2% |
| Credit institutions | 430/8 | €7,826 | €4,915 | -€2,911 | -37.2% |
| Trade debts | 44 | €1,514 | €21,279 | +€19,765 | +1,306% |
| Suppliers | 440/4 | €1,514 | €21,279 | +€19,765 | +1,306% |
| Taxes, remuneration and social security | 45 | €48,959 | €26,834 | -€22,125 | -45.2% |
| Taxes | 450/3 | €48,959 | €26,834 | -€22,125 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,292 | €8,611 | +€320 | +3.9% |
| Other operating charges | 640/8 | €3,180 | €3,528 | +€348 | +10.9% |
| Gross operating margin | 9900 | €28,967 | €41,318 | +€12,351 | +42.6% |
| Operating profit (loss) | 9901 | €17,495 | €29,178 | +€11,683 | +66.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -88.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Financial charges | 65/66B | €2,994 | €9,674 | +€6,680 | +223% |
| Recurring financial charges | 65 | €2,994 | €9,674 | +€6,680 | +223% |
| Profit (loss) for the period before taxes | 9903 | €14,501 | €19,505 | +€5,004 | +34.5% |
| Income taxes | 67/77 | €3,850 | €5,444 | +€1,594 | +41.4% |
| Profit (loss) for the period | 9904 | €10,651 | €14,061 | +€3,410 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,651 | €14,061 | +€3,410 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.