GAMMANAM: 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.
GAMMANAM
Largest movements
- Cash -€104,905
down €104,905 (-92.2%), from €113,788 to €8,883
mainly Other debts (-€162,017) and Contributions, distributions and other (-€13,000)
- Tangible fixed assets -€31,284
down €31,284 (-21.2%), from €147,363 to €116,079
- Deferred charges and accrued income -€6,370
down €6,370 (-86.1%), from €7,399 to €1,029
- Receivables within one year -€5,069
down €5,069 (-74.6%), from €6,792 to €1,723
- Other debts -€162,017
down €162,017 (-95.4%), from €169,907 to €7,890
- Profit (loss) carried forward +€15,111
up €15,111 (+2267.5%), from €666 to €15,778
- Gross operating margin -€8,305
down €8,305 (-9.8%), from €84,657 to €76,352
- Depreciation -€4,534
down €4,534 (-14.5%), from €31,191 to €26,657
- Taxes +€2,274
up €2,274 (+28.7%), from €7,926 to €10,199
- Other operating charges +€1,119
up €1,119 (+11.3%), from €9,921 to €11,040
- Financial charges -€933
down €933 (-63.8%), from €1,462 to €529
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 | €275,342 | €127,713 | -€147,629 | -53.6% |
| Fixed assets | 21/28 | €147,363 | €116,079 | -€31,284 | -21.2% |
| Tangible fixed assets | 22/27 | €147,363 | €116,079 | -€31,284 | -21.2% |
| Land and buildings | 22 | €147,363 | €116,079 | -€31,284 | -21.2% |
| Current assets | 29/58 | €127,979 | €11,634 | -€116,345 | -90.9% |
| Amounts receivable within one year | 40/41 | €6,792 | €1,723 | -€5,069 | -74.6% |
| Other amounts receivable | 41 | €6,792 | €1,723 | -€5,069 | -74.6% |
| Cash at bank and in hand | 54/58 | €113,788 | €8,883 | -€104,905 | -92.2% |
| Deferred charges and accrued income | 490/1 | €7,399 | €1,029 | -€6,370 | -86.1% |
| Total equity and liabilities | 10/49 | €275,342 | €127,713 | -€147,629 | -53.6% |
| Equity | 10/15 | €99,266 | €114,378 | +€15,111 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €666 | €15,778 | +€15,111 | +2267.5% |
| Amounts payable | 17/49 | €176,075 | €13,335 | -€162,740 | -92.4% |
| Amounts payable within one year | 42/48 | €172,687 | €9,428 | -€163,259 | -94.5% |
| Trade debts | 44 | €2,780 | €393 | -€2,387 | -85.9% |
| Suppliers | 440/4 | €2,780 | €393 | -€2,387 | -85.9% |
| Taxes, remuneration and social security | 45 | - | €1,145 | +€1,145 | |
| Taxes | 450/3 | - | €1,145 | +€1,145 | |
| Other amounts payable | 47/48 | €169,907 | €7,890 | -€162,017 | -95.4% |
| Accrued charges and deferred income | 492/3 | €3,389 | €3,907 | +€518 | +15.3% |
| Non-recurring operating income | 76A | - | €21,607 | +€21,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,191 | €26,657 | -€4,534 | -14.5% |
| Other operating charges | 640/8 | €9,921 | €11,040 | +€1,119 | +11.3% |
| Gross operating margin | 9900 | €84,657 | €76,352 | -€8,305 | -9.8% |
| Operating profit (loss) | 9901 | €43,545 | €38,655 | -€4,890 | -11.2% |
| Financial income | 75/76B | €445 | €185 | -€261 | -58.5% |
| Recurring financial income | 75 | €445 | €185 | -€261 | -58.5% |
| Financial charges | 65/66B | €1,462 | €529 | -€933 | -63.8% |
| Recurring financial charges | 65 | €1,462 | €529 | -€933 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €42,528 | €38,311 | -€4,218 | -9.9% |
| Income taxes | 67/77 | €7,926 | €10,199 | +€2,274 | +28.7% |
| Profit (loss) for the period | 9904 | €34,602 | €28,111 | -€6,491 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,602 | €28,111 | -€6,491 | -18.8% |
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 2 October 2026 via checked.be.