GAMMATHERM: 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.
GAMMATHERM
Largest movements
- Cash -€21,209
down €21,209 (-75.9%), from €27,958 to €6,750
mainly Net result for the year (-€74,601) and Current portion of long-term debt (-€13,402)
- Receivables within one year -€19,878
down €19,878 (-69.5%), from €28,620 to €8,743
of which Other amounts receivable: -€15,027
- Stocks and contracts -€5,912
down €5,912 (-9.9%), from €59,620 to €53,708
- Tangible fixed assets -€5,396
down €5,396 (-7.2%), from €74,761 to €69,364
of which Land and buildings: -€4,912
- Deferred charges and accrued income -€3,785
down €3,785 (-52.7%), from €7,188 to €3,403
- Profit (loss) carried forward -€74,601
down €74,601 (-720%), from -€10,359 to -€84,960
- Other debts +€27,588
up €27,588 (+27.6%), from €100,000 to €127,588
- Current portion of long-term debt -€13,402
no longer reported in 2025 (was €13,402)
- Trade debts +€3,925
up €3,925, from €0 to €3,925
- Purchases and services -€131,174
no longer reported in 2025 (was €131,174)
- Gross operating margin -€83,345
down €83,345, from €27,324 to -€56,021
- Staff costs -€14,973
down €14,973, from €14,935 to -€37
- Depreciation -€14,508
down €14,508 (-81.3%), from €17,839 to €3,330
- Other operating charges +€9,896
up €9,896 (+221%), from €4,481 to €14,377
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 | €198,148 | €141,968 | -€56,180 | -28.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €74,761 | €69,364 | -€5,396 | -7.2% |
| Tangible fixed assets | 22/27 | €74,761 | €69,364 | -€5,396 | -7.2% |
| Land and buildings | 22 | €4,912 | €0 | -€4,912 | -100% |
| Plant, machinery and equipment | 23 | €14,373 | €14,107 | -€266 | -1.9% |
| Furniture and vehicles | 24 | €475 | €257 | -€218 | -45.9% |
| Other tangible fixed assets | 26 | €55,000 | €55,000 | = | 0.0% |
| Current assets | 29/58 | €123,388 | €72,604 | -€50,784 | -41.2% |
| Stocks and contracts in progress | 3 | €59,620 | €53,708 | -€5,912 | -9.9% |
| Stocks | 30/36 | €59,620 | €53,708 | -€5,912 | -9.9% |
| Amounts receivable within one year | 40/41 | €28,620 | €8,743 | -€19,878 | -69.5% |
| Trade receivables | 40 | €11,631 | €6,781 | -€4,851 | -41.7% |
| Other amounts receivable | 41 | €16,989 | €1,962 | -€15,027 | -88.5% |
| Cash at bank and in hand | 54/58 | €27,958 | €6,750 | -€21,209 | -75.9% |
| Deferred charges and accrued income | 490/1 | €7,188 | €3,403 | -€3,785 | -52.7% |
| Total equity and liabilities | 10/49 | €198,148 | €141,968 | -€56,180 | -28.4% |
| Equity | 10/15 | €84,558 | €9,957 | -€74,601 | -88.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,317 | €76,317 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,457 | €74,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,359 | -€84,960 | -€74,601 | -720% |
| Amounts payable | 17/49 | €113,591 | €132,011 | +€18,421 | +16.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €113,591 | €132,011 | +€18,421 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €13,402 | - | -€13,402 | |
| Trade debts | 44 | €0 | €3,925 | +€3,925 | |
| Suppliers | 440/4 | - | €3,925 | +€3,925 | |
| Taxes, remuneration and social security | 45 | €189 | €499 | +€310 | +164% |
| Taxes | 450/3 | €189 | €499 | +€310 | +164% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,000 | €127,588 | +€27,588 | +27.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €131,174 | - | -€131,174 | |
| Remuneration, social security and pensions | 62 | €14,935 | -€37 | -€14,973 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,839 | €3,330 | -€14,508 | -81.3% |
| Other operating charges | 640/8 | €4,481 | €14,377 | +€9,896 | +221% |
| Gross operating margin | 9900 | €27,324 | -€56,021 | -€83,345 | |
| Operating profit (loss) | 9901 | -€9,931 | -€73,691 | -€63,760 | -642% |
| Financial income | 75/76B | €813 | €5 | -€808 | -99.3% |
| Recurring financial income | 75 | €813 | €5 | -€808 | -99.3% |
| Financial charges | 65/66B | €1,053 | €737 | -€317 | -30.1% |
| Recurring financial charges | 65 | €1,053 | €737 | -€317 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,170 | -€74,422 | -€64,252 | -632% |
| Income taxes | 67/77 | €189 | €179 | -€10 | -5.1% |
| Profit (loss) for the period | 9904 | -€10,359 | -€74,601 | -€64,242 | -620% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,359 | -€74,601 | -€64,242 | -620% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.