GAMMA - CAR: 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.
GAMMA - CAR
Largest movements
- Receivables within one year +€15,878
up €15,878 (+8.6%), from €184,850 to €200,728
- Tangible fixed assets -€9,754
down €9,754 (-3.7%), from €266,415 to €256,661
- Profit (loss) carried forward +€51,797
up €51,797 (+72.1%), from -€71,871 to -€20,074
- Debts after one year -€27,897
down €27,897 (-62.3%), from €44,812 to €16,915
- Other debts -€9,602
down €9,602 (-2.5%), from €380,453 to €370,851
- Current portion of long-term debt -€7,981
down €7,981 (-22.2%), from €35,878 to €27,897
- Purchases and services -€10,602
no longer reported in 2025 (was €10,602)
- Turnover +€5,540
up €5,540 (+8.3%), from €66,384 to €71,924
- Gross operating margin +€4,901
up €4,901 (+8.8%), from €55,782 to €60,684
- Other operating charges -€3,322
down €3,322 (-30.2%), from €11,019 to €7,696
- Financial charges -€959
down €959 (-32.5%), from €2,948 to €1,989
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 | €451,272 | €457,589 | +€6,317 | +1.4% |
| Fixed assets | 21/28 | €266,415 | €256,661 | -€9,754 | -3.7% |
| Tangible fixed assets | 22/27 | €266,415 | €256,661 | -€9,754 | -3.7% |
| Land and buildings | 22 | €266,415 | €256,661 | -€9,754 | -3.7% |
| Current assets | 29/58 | €184,857 | €200,928 | +€16,071 | +8.7% |
| Amounts receivable within one year | 40/41 | €184,850 | €200,728 | +€15,878 | +8.6% |
| Other amounts receivable | 41 | €184,850 | €200,728 | +€15,878 | +8.6% |
| Cash at bank and in hand | 54/58 | €7 | €200 | +€193 | +2817.8% |
| Total equity and liabilities | 10/49 | €451,272 | €457,589 | +€6,317 | +1.4% |
| Equity | 10/15 | -€9,871 | €41,926 | +€51,797 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,871 | -€20,074 | +€51,797 | +72.1% |
| Amounts payable | 17/49 | €461,144 | €415,663 | -€45,480 | -9.9% |
| Amounts payable after more than one year | 17 | €44,812 | €16,915 | -€27,897 | -62.3% |
| Financial debts | 170/4 | €44,812 | €16,915 | -€27,897 | -62.3% |
| Amounts payable within one year | 42/48 | €416,331 | €398,749 | -€17,583 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €35,878 | €27,897 | -€7,981 | -22.2% |
| Other amounts payable | 47/48 | €380,453 | €370,851 | -€9,602 | -2.5% |
| Turnover | 70 | €66,384 | €71,924 | +€5,540 | +8.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,602 | - | -€10,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,773 | €19,773 | = | 0.0% |
| Other operating charges | 640/8 | €11,019 | €7,696 | -€3,322 | -30.2% |
| Gross operating margin | 9900 | €55,782 | €60,684 | +€4,901 | +8.8% |
| Operating profit (loss) | 9901 | €24,991 | €33,214 | +€8,223 | +32.9% |
| Financial charges | 65/66B | €2,948 | €1,989 | -€959 | -32.5% |
| Recurring financial charges | 65 | €2,948 | €1,989 | -€959 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €22,042 | €31,225 | +€9,183 | +41.7% |
| Profit (loss) for the period | 9904 | €22,042 | €31,225 | +€9,183 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,042 | €31,225 | +€9,183 | +41.7% |
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 7 October 2026 via checked.be.