GAMM Construct: 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.
GAMM Construct
Largest movements
- Cash +€15,833
up €15,833 (+592.8%), from €2,671 to €18,504
mainly Depreciation (+€14,463) and Net result for the year (+€9,823)
- Tangible fixed assets -€7,846
down €7,846 (-12.3%), from €64,046 to €56,199
- Receivables within one year -€2,034
down €2,034 (-15.3%), from €13,253 to €11,219
- Debts after one year -€11,445
down €11,445 (-24.1%), from €47,502 to €36,057
- Reserves +€8,000
new in 2025: €8,000
- Trade debts +€4,774
up €4,774 (+64.0%), from €7,461 to €12,235
- Tax, wage and social debts +€2,500
up €2,500 (+104.2%), from €2,400 to €4,900
of which Taxes: +€2,900
- Profit (loss) carried forward +€1,823
up €1,823 (+28.2%), from €6,461 to €8,284
- Gross operating margin +€26,053
up €26,053 (+170.2%), from €15,305 to €41,358
- Depreciation +€12,259
up €12,259 (+556.2%), from €2,204 to €14,463
- Financial charges +€5,891
up €5,891 (+133.6%), from €4,408 to €10,299
- Taxes +€2,897
up €2,897 (+144.9%), from €2,000 to €4,897
- Other operating charges +€1,327
up €1,327 (+530.7%), from €250 to €1,577
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 | €80,387 | €85,922 | +€5,535 | +6.9% |
| Fixed assets | 21/28 | €64,046 | €56,199 | -€7,846 | -12.3% |
| Tangible fixed assets | 22/27 | €64,046 | €56,199 | -€7,846 | -12.3% |
| Furniture and vehicles | 24 | €64,046 | €56,199 | -€7,846 | -12.3% |
| Current assets | 29/58 | €16,341 | €29,723 | +€13,381 | +81.9% |
| Amounts receivable within one year | 40/41 | €13,253 | €11,219 | -€2,034 | -15.3% |
| Other amounts receivable | 41 | €13,253 | €11,219 | -€2,034 | -15.3% |
| Cash at bank and in hand | 54/58 | €2,671 | €18,504 | +€15,833 | +592.8% |
| Deferred charges and accrued income | 490/1 | €418 | - | -€418 | |
| Total equity and liabilities | 10/49 | €80,387 | €85,922 | +€5,535 | +6.9% |
| Equity | 10/15 | €9,461 | €19,284 | +€9,823 | +103.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €6,461 | €8,284 | +€1,823 | +28.2% |
| Amounts payable | 17/49 | €70,926 | €66,638 | -€4,288 | -6.0% |
| Amounts payable after more than one year | 17 | €47,502 | €36,057 | -€11,445 | -24.1% |
| Financial debts | 170/4 | €47,502 | €36,057 | -€11,445 | -24.1% |
| Amounts payable within one year | 42/48 | €20,674 | €28,581 | +€7,907 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €10,812 | €11,445 | +€633 | +5.9% |
| Trade debts | 44 | €7,461 | €12,235 | +€4,774 | +64.0% |
| Suppliers | 440/4 | €7,461 | €12,235 | +€4,774 | +64.0% |
| Taxes, remuneration and social security | 45 | €2,400 | €4,900 | +€2,500 | +104.2% |
| Taxes | 450/3 | €2,000 | €4,900 | +€2,900 | +145.0% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Accrued charges and deferred income | 492/3 | €2,750 | €2,000 | -€750 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €14,463 | +€12,259 | +556.2% |
| Other operating charges | 640/8 | €250 | €1,577 | +€1,327 | +530.7% |
| Non-recurring operating charges | 66A | - | €683 | +€683 | |
| Gross operating margin | 9900 | €15,305 | €41,358 | +€26,053 | +170.2% |
| Operating profit (loss) | 9901 | €12,851 | €24,635 | +€11,784 | +91.7% |
| Financial income | 75/76B | €18 | €385 | +€366 | +1981.3% |
| Recurring financial income | 75 | €18 | €385 | +€366 | +1981.3% |
| Financial charges | 65/66B | €4,408 | €10,299 | +€5,891 | +133.6% |
| Recurring financial charges | 65 | €4,408 | €10,299 | +€5,891 | +133.6% |
| Profit (loss) for the period before taxes | 9903 | €8,461 | €14,720 | +€6,259 | +74.0% |
| Income taxes | 67/77 | €2,000 | €4,897 | +€2,897 | +144.9% |
| Profit (loss) for the period | 9904 | €6,461 | €9,823 | +€3,362 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,461 | €9,823 | +€3,362 | +52.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.