GAMORINE: 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.
What changed
GAMORINE
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€177,423
2024 · -€144,483-€32,940
Equity
€12.3m
2024 · €12.5m-€177,423
Cash
€21,708
2024 · €14,422+€7,286
Balance sheet total
€17.8m
2024 · €18.0m-€240,074
Largest movements
Assets
- Tangible fixed assets -€254,919
down €254,919 (-7.8%), from €3.2m to €3.0m
of which Land and buildings: -€231,758
Equity and liabilities
- Other debts -€596,521
down €596,521 (-53.6%), from €1.1m to €516,977
- Debts after one year +€552,591
up €552,591 (+14.8%), from €3.7m to €4.3m
of which Other amounts payable: +€795,646
Income statement
- Financial income -€143,949
down €143,949 (-89.9%), from €160,060 to €16,111
- Turnover +€90,604
up €90,604 (+11.4%), from €793,980 to €884,584
- Staff costs +€11,192
up €11,192 (+3.6%), from €311,403 to €322,595
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.
Result 2024
-€144,483
Turnover
+€90,604
Other operating income
+€4,852
Services and other goods
-€4,714
Staff costs
-€11,192
Depreciation
+€952
Other operating charges
+€102
Other operating items
+€25,172
Financial income
-€143,949
Financial charges
+€5,228
Taxes
+€6
Result 2025
-€177,423
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€523,733
Investment
-€25,175
Financing
+€556,194
Cash 2024
€14,422
From operations (derived)
-€523,733
Net result for the year
-€177,423
Depreciation
+€280,092
Receivables within one year
-€46,245
Deferred charges and accrued income
+€38,688
Provisions
-€35,102
Trade debts
+€12,199
Tax, wage and social debts
+€5,839
Other debts
-€596,521
Accrued charges and deferred income
-€5,260
Investment (derived)
-€25,175
Investment in fixed assets (net)
-€25,172
Current investments
-€3
Financing
+€556,194
Debts after one year
+€552,591
Current portion of long-term debt
+€3,603
Cash 2025
€21,708
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,991,210 | €17,751,137 | -€240,074 | -1.3% |
| Fixed assets | 21/28 | €17,336,969 | €17,082,050 | -€254,919 | -1.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,247,706 | €2,992,787 | -€254,919 | -7.8% |
| Land and buildings | 22 | €3,169,487 | €2,937,729 | -€231,758 | -7.3% |
| Leasing and similar rights | 25 | €78,219 | €55,057 | -€23,162 | -29.6% |
| Financial fixed assets | 28 | €14,089,264 | €14,089,264 | = | 0.0% |
| Affiliated companies | 280/1 | €14,089,264 | €14,089,264 | = | 0.0% |
| Participating interests | 280 | €14,089,264 | €14,089,264 | = | 0.0% |
| Current assets | 29/58 | €654,241 | €669,086 | +€14,846 | +2.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €543,495 | €589,740 | +€46,245 | +8.5% |
| Trade receivables | 40 | €82,000 | €163,821 | +€81,821 | +99.8% |
| Other amounts receivable | 41 | €461,495 | €425,918 | -€35,577 | -7.7% |
| Current investments | 50/53 | €8,695 | €8,698 | +€3 | 0.0% |
| Other investments | 51/53 | €8,695 | €8,698 | +€3 | 0.0% |
| Cash at bank and in hand | 54/58 | €14,422 | €21,708 | +€7,286 | +50.5% |
| Deferred charges and accrued income | 490/1 | €87,629 | €48,941 | -€38,688 | -44.1% |
| Total equity and liabilities | 10/49 | €17,991,210 | €17,751,137 | -€240,074 | -1.3% |
| Equity | 10/15 | €12,525,204 | €12,347,781 | -€177,423 | -1.4% |
| Contributions | 10/11 | €483,400 | €483,400 | = | 0.0% |
| Capital | 10 | €483,400 | €483,400 | = | 0.0% |
| Issued capital | 100 | €483,400 | €483,400 | = | 0.0% |
| Reserves | 13 | €9,881,223 | €9,775,919 | -€105,304 | -1.1% |
| Non-distributable reserves | 130/1 | €48,340 | €48,340 | = | 0.0% |
| Legal reserve | 130 | €48,340 | €48,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €832,883 | €727,579 | -€105,304 | -12.6% |
| Distributable reserves | 133 | €9,000,000 | €9,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,160,581 | €2,088,462 | -€72,119 | -3.3% |
| Provisions and deferred taxes | 16 | €277,628 | €242,526 | -€35,102 | -12.6% |
| Deferred taxes | 168 | €277,628 | €242,526 | -€35,102 | -12.6% |
| Amounts payable | 17/49 | €5,188,378 | €5,160,829 | -€27,549 | -0.5% |
| Amounts payable after more than one year | 17 | €3,725,299 | €4,277,890 | +€552,591 | +14.8% |
| Financial debts | 170/4 | €498,517 | €255,462 | -€243,055 | -48.8% |
| Leasing and similar obligations | 172 | €57,497 | €33,678 | -€23,819 | -41.4% |
| Credit institutions | 173 | €441,020 | €221,783 | -€219,236 | -49.7% |
| Other amounts payable | 178/9 | €3,226,782 | €4,022,428 | +€795,646 | +24.7% |
| Amounts payable within one year | 42/48 | €1,428,479 | €853,599 | -€574,880 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €239,452 | €243,055 | +€3,603 | +1.5% |
| Trade debts | 44 | €6,993 | €19,192 | +€12,199 | +174% |
| Suppliers | 440/4 | €6,993 | €19,192 | +€12,199 | +174% |
| Taxes, remuneration and social security | 45 | €68,536 | €74,375 | +€5,839 | +8.5% |
| Taxes | 450/3 | €25,032 | €23,543 | -€1,489 | -5.9% |
| Remuneration and social security | 454/9 | €43,504 | €50,832 | +€7,327 | +16.8% |
| Other amounts payable | 47/48 | €1,113,499 | €516,977 | -€596,521 | -53.6% |
| Accrued charges and deferred income | 492/3 | €34,600 | €29,340 | -€5,260 | -15.2% |
| Operating income | 70/76A | €829,829 | €950,458 | +€120,629 | +14.5% |
| Turnover | 70 | €793,980 | €884,584 | +€90,604 | +11.4% |
| Other operating income | 74 | €35,849 | €40,701 | +€4,852 | +13.5% |
| Non-recurring operating income | 76A | €0 | €25,172 | +€25,172 | |
| Operating charges | 60/66A | €928,386 | €943,239 | +€14,853 | +1.6% |
| Services and other goods | 61 | €327,252 | €331,966 | +€4,714 | +1.4% |
| Remuneration, social security and pensions | 62 | €311,403 | €322,595 | +€11,192 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,043 | €280,092 | -€952 | -0.3% |
| Other operating charges | 640/8 | €8,688 | €8,586 | -€102 | -1.2% |
| Operating profit (loss) | 9901 | -€98,557 | €7,219 | +€105,775 | |
| Financial income | 75/76B | €160,060 | €16,111 | -€143,949 | -89.9% |
| Recurring financial income | 75 | €160,060 | €16,111 | -€143,949 | -89.9% |
| Income from financial fixed assets | 750 | €150,000 | €0 | -€150,000 | -100% |
| Income from current assets | 751 | €10,060 | €16,111 | +€6,051 | +60.1% |
| Financial charges | 65/66B | €240,593 | €235,365 | -€5,228 | -2.2% |
| Recurring financial charges | 65 | €240,593 | €235,365 | -€5,228 | -2.2% |
| Debt charges | 650 | €239,586 | €233,735 | -€5,851 | -2.4% |
| Other financial charges | 652/9 | €1,007 | €1,631 | +€624 | +61.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€179,090 | -€212,036 | -€32,946 | -18.4% |
| Transfer from deferred taxes | 780 | €35,102 | €35,102 | = | 0.0% |
| Income taxes | 67/77 | €495 | €489 | -€6 | -1.2% |
| Taxes | 670/3 | €550 | €500 | -€50 | -9.1% |
| Tax adjustments and reversals of tax provisions | 77 | €55 | €11 | -€44 | -80.3% |
| Profit (loss) for the period | 9904 | -€144,483 | -€177,423 | -€32,940 | -22.8% |
| Transfer from tax-exempt reserves | 789 | €105,304 | €105,304 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,179 | -€72,119 | -€32,940 | -84.1% |
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 24 October 2026 via checked.be.