GAMPEN: 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.
GAMPEN
Largest movements
- Current investments -€67,500
no longer reported in 2025 (was €67,500)
- Receivables within one year +€55,062
up €55,062 (+182%), from €30,250 to €85,312
of which Trade receivables: +€54,450
- Cash +€46,320
up €46,320 (+58.6%), from €78,984 to €125,304
mainly Net result for the year (+€248,147) and Current investments (+€67,500)
- Tangible fixed assets -€7,763
down €7,763 (-25.6%), from €30,342 to €22,579
- Other debts +€25,092
up €25,092 (+13.4%), from €187,005 to €212,097
- Tax, wage and social debts +€2,488
up €2,488 (+11.0%), from €22,596 to €25,084
- Gross operating margin +€60,066
up €60,066 (+22.1%), from €271,855 to €331,921
- Financial income -€21,789
down €21,789 (-89.4%), from €24,361 to €2,572
- Taxes +€10,204
up €10,204 (+15.0%), from €67,956 to €78,160
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 | €210,601 | €238,181 | +€27,580 | +13.1% |
| Fixed assets | 21/28 | €30,342 | €22,579 | -€7,763 | -25.6% |
| Tangible fixed assets | 22/27 | €30,342 | €22,579 | -€7,763 | -25.6% |
| Furniture and vehicles | 24 | €30,342 | €22,579 | -€7,763 | -25.6% |
| Current assets | 29/58 | €180,259 | €215,602 | +€35,343 | +19.6% |
| Amounts receivable within one year | 40/41 | €30,250 | €85,312 | +€55,062 | +182% |
| Trade receivables | 40 | €30,250 | €84,700 | +€54,450 | +180% |
| Other amounts receivable | 41 | - | €612 | +€612 | |
| Current investments | 50/53 | €67,500 | - | -€67,500 | |
| Cash at bank and in hand | 54/58 | €78,984 | €125,304 | +€46,320 | +58.6% |
| Deferred charges and accrued income | 490/1 | €3,525 | €4,986 | +€1,461 | +41.4% |
| Total equity and liabilities | 10/49 | €210,601 | €238,181 | +€27,580 | +13.1% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €209,601 | €237,181 | +€27,580 | +13.2% |
| Amounts payable within one year | 42/48 | €209,601 | €237,181 | +€27,580 | +13.2% |
| Taxes, remuneration and social security | 45 | €22,596 | €25,084 | +€2,488 | +11.0% |
| Taxes | 450/3 | €22,596 | €25,084 | +€2,488 | +11.0% |
| Other amounts payable | 47/48 | €187,005 | €212,097 | +€25,092 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,867 | €7,763 | -€104 | -1.3% |
| Other operating charges | 640/8 | €2,818 | €352 | -€2,467 | -87.5% |
| Gross operating margin | 9900 | €271,855 | €331,921 | +€60,066 | +22.1% |
| Operating profit (loss) | 9901 | €261,170 | €323,807 | +€62,637 | +24.0% |
| Financial income | 75/76B | €24,361 | €2,572 | -€21,789 | -89.4% |
| Recurring financial income | 75 | €24,361 | €2,572 | -€21,789 | -89.4% |
| Financial charges | 65/66B | €71 | €72 | +€2 | +2.1% |
| Recurring financial charges | 65 | €71 | €72 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €285,461 | €326,307 | +€40,846 | +14.3% |
| Income taxes | 67/77 | €67,956 | €78,160 | +€10,204 | +15.0% |
| Profit (loss) for the period | 9904 | €217,505 | €248,147 | +€30,642 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €217,505 | €248,147 | +€30,642 | +14.1% |
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 21 October 2026 via checked.be.