GAMS: 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.
GAMS
Largest movements
- Receivables within one year -€5,545
down €5,545 (-33.6%), from €16,503 to €10,958
of which Trade receivables: -€5,346
- Cash -€3,338
down €3,338 (-72.2%), from €4,621 to €1,283
mainly Other debts (-€7,698) and Net result for the year (-€2,982)
- Tangible fixed assets -€928
down €928 (-31.2%), from €2,976 to €2,048
- Other debts -€7,698
down €7,698 (-14.3%), from €53,825 to €46,128
- Profit (loss) carried forward -€2,982
down €2,982 (-5.3%), from -€56,336 to -€59,318
- Trade debts +€703
up €703 (+300.5%), from €234 to €937
- Gross operating margin -€27,144
down €27,144, from €25,843 to -€1,301
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 | €24,457 | €14,481 | -€9,976 | -40.8% |
| Fixed assets | 21/28 | €2,976 | €2,048 | -€928 | -31.2% |
| Tangible fixed assets | 22/27 | €2,976 | €2,048 | -€928 | -31.2% |
| Plant, machinery and equipment | 23 | €2,976 | €2,048 | -€928 | -31.2% |
| Current assets | 29/58 | €21,481 | €12,433 | -€9,049 | -42.1% |
| Amounts receivable within one year | 40/41 | €16,503 | €10,958 | -€5,545 | -33.6% |
| Trade receivables | 40 | €6,353 | €1,007 | -€5,346 | -84.1% |
| Other amounts receivable | 41 | €10,151 | €9,951 | -€200 | -2.0% |
| Cash at bank and in hand | 54/58 | €4,621 | €1,283 | -€3,338 | -72.2% |
| Deferred charges and accrued income | 490/1 | €357 | €192 | -€165 | -46.2% |
| Total equity and liabilities | 10/49 | €24,457 | €14,481 | -€9,976 | -40.8% |
| Equity | 10/15 | -€29,602 | -€32,584 | -€2,982 | -10.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,142 | €8,142 | = | 0.0% |
| Distributable reserves | 133 | €8,142 | €8,142 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,336 | -€59,318 | -€2,982 | -5.3% |
| Amounts payable | 17/49 | €54,059 | €47,065 | -€6,994 | -12.9% |
| Amounts payable within one year | 42/48 | €54,059 | €47,065 | -€6,994 | -12.9% |
| Trade debts | 44 | €234 | €937 | +€703 | +300.5% |
| Suppliers | 440/4 | €234 | €937 | +€703 | +300.5% |
| Other amounts payable | 47/48 | €53,825 | €46,128 | -€7,698 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €928 | €928 | = | 0.0% |
| Other operating charges | 640/8 | €619 | €685 | +€66 | +10.7% |
| Gross operating margin | 9900 | €25,843 | -€1,301 | -€27,144 | |
| Operating profit (loss) | 9901 | €24,296 | -€2,914 | -€27,210 | |
| Financial income | 75/76B | €3 | €16 | +€13 | +450.3% |
| Recurring financial income | 75 | €3 | €16 | +€13 | +450.3% |
| Financial charges | 65/66B | €84 | €84 | -€0 | -0.1% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €24,215 | -€2,982 | -€27,197 | |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | €24,215 | -€2,982 | -€27,197 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,215 | -€2,982 | -€27,197 |
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 8 October 2026 via checked.be.