GAMMA EXHEC: 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.
GAMMA EXHEC
Largest movements
- Financial fixed assets +€19,942
up €19,942 (+6.9%), from €289,680 to €309,622
- Receivables within one year +€4,798
up €4,798 (+234,046%), from €2 to €4,800
of which Trade receivables: +€4,800
- Other debts +€19,942
up €19,942 (+18.7%), from €106,719 to €126,661
- Profit (loss) carried forward +€3,676
up €3,676 (+518%), from €710 to €4,386
- Gross operating margin +€3,887
up €3,887 (+193%), from €2,015 to €5,902
- Taxes +€1,072
up €1,072 (+403%), from €266 to €1,338
- Financial charges -€163
down €163 (-25.0%), from €652 to €489
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.
Derived cash bridge
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 | €291,804 | €315,889 | +€24,085 | +8.3% |
| Fixed assets | 21/28 | €289,680 | €309,622 | +€19,942 | +6.9% |
| Financial fixed assets | 28 | €289,680 | €309,622 | +€19,942 | +6.9% |
| Current assets | 29/58 | €2,124 | €6,267 | +€4,144 | +195% |
| Amounts receivable within one year | 40/41 | €2 | €4,800 | +€4,798 | +234,046% |
| Trade receivables | 40 | - | €4,800 | +€4,800 | |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Cash at bank and in hand | 54/58 | €2,122 | €1,467 | -€654 | -30.8% |
| Total equity and liabilities | 10/49 | €291,804 | €315,889 | +€24,085 | +8.3% |
| Equity | 10/15 | €184,214 | €187,890 | +€3,676 | +2.0% |
| Contributions | 10/11 | €115,949 | €115,949 | = | 0.0% |
| Capital | 10 | €115,949 | €115,949 | = | 0.0% |
| Issued capital | 100 | €115,949 | €115,949 | = | 0.0% |
| Reserves | 13 | €67,555 | €67,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,387 | €2,387 | = | 0.0% |
| Legal reserve | 130 | €2,387 | €2,387 | = | 0.0% |
| Distributable reserves | 133 | €65,168 | €65,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €710 | €4,386 | +€3,676 | +518% |
| Amounts payable | 17/49 | €107,590 | €127,999 | +€20,410 | +19.0% |
| Amounts payable within one year | 42/48 | €107,590 | €127,999 | +€20,410 | +19.0% |
| Trade debts | 44 | €197 | €0 | -€197 | -100% |
| Suppliers | 440/4 | €197 | €0 | -€197 | -100% |
| Taxes, remuneration and social security | 45 | €673 | €1,338 | +€665 | +98.9% |
| Taxes | 450/3 | €673 | €1,338 | +€665 | +98.9% |
| Other amounts payable | 47/48 | €106,719 | €126,661 | +€19,942 | +18.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,015 | €5,902 | +€3,887 | +193% |
| Operating profit (loss) | 9901 | €1,628 | €5,503 | +€3,875 | +238% |
| Financial charges | 65/66B | €652 | €489 | -€163 | -25.0% |
| Recurring financial charges | 65 | €652 | €489 | -€163 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €976 | €5,014 | +€4,038 | +414% |
| Income taxes | 67/77 | €266 | €1,338 | +€1,072 | +403% |
| Profit (loss) for the period | 9904 | €710 | €3,676 | +€2,966 | +418% |
| Profit (loss) for the period to be appropriated | 9905 | €710 | €3,676 | +€2,966 | +418% |
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 18 October 2026 via checked.be.