GAMUNDI: 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.
GAMUNDI
Largest movements
- Stocks and contracts +€59,457
up €59,457 (+4.8%), from €1.2m to €1.3m
- Financial fixed assets -€20,000
no longer reported in 2025 (was €20,000)
- Cash +€14,707
up €14,707 (+46.0%), from €31,993 to €46,701
mainly Net result for the year (+€80,249) and Other debts (+€21,799)
- Profit (loss) carried forward +€80,249
up €80,249 (+17.9%), from €447,075 to €527,324
- Other debts +€21,799
up €21,799 (+6.0%), from €361,028 to €382,827
- Trade debts -€20,654
down €20,654 (-4.9%), from €425,551 to €404,897
- Current portion of long-term debt -€16,018
down €16,018 (-32.0%), from €50,000 to €33,982
- Gross operating margin -€20,441
down €20,441 (-9.7%), from €211,073 to €190,632
- Staff costs +€16,798
up €16,798 (+2869.5%), from €585 to €17,384
- Financial income +€9,729
up €9,729 (+648592.7%), from €2 to €9,730
- Taxes -€8,070
down €8,070 (-21.9%), from €36,840 to €28,770
- Write-downs -€3,525
down €3,525 (-5.8%), from €61,275 to €57,750
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 | €1,404,138 | €1,466,759 | +€62,621 | +4.5% |
| Fixed assets | 21/28 | €27,903 | €4,288 | -€23,615 | -84.6% |
| Tangible fixed assets | 22/27 | €7,903 | €4,288 | -€3,615 | -45.7% |
| Plant, machinery and equipment | 23 | €506 | €78 | -€429 | -84.7% |
| Other tangible fixed assets | 26 | €7,396 | €4,211 | -€3,186 | -43.1% |
| Financial fixed assets | 28 | €20,000 | - | -€20,000 | |
| Current assets | 29/58 | €1,376,235 | €1,462,471 | +€86,236 | +6.3% |
| Stocks and contracts in progress | 3 | €1,238,218 | €1,297,675 | +€59,457 | +4.8% |
| Stocks | 30/36 | €1,238,218 | €1,297,675 | +€59,457 | +4.8% |
| Amounts receivable within one year | 40/41 | €102,607 | €114,090 | +€11,483 | +11.2% |
| Trade receivables | 40 | €100,162 | €110,415 | +€10,253 | +10.2% |
| Other amounts receivable | 41 | €2,445 | €3,675 | +€1,230 | +50.3% |
| Cash at bank and in hand | 54/58 | €31,993 | €46,701 | +€14,707 | +46.0% |
| Deferred charges and accrued income | 490/1 | €3,418 | €4,006 | +€588 | +17.2% |
| Total equity and liabilities | 10/49 | €1,404,138 | €1,466,759 | +€62,621 | +4.5% |
| Equity | 10/15 | €467,535 | €547,784 | +€80,249 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €447,075 | €527,324 | +€80,249 | +17.9% |
| Amounts payable | 17/49 | €936,603 | €918,975 | -€17,628 | -1.9% |
| Amounts payable within one year | 42/48 | €936,603 | €916,225 | -€20,378 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €33,982 | -€16,018 | -32.0% |
| Financial debts | 43 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Credit institutions | 430/8 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Trade debts | 44 | €425,551 | €404,897 | -€20,654 | -4.9% |
| Suppliers | 440/4 | €425,551 | €404,897 | -€20,654 | -4.9% |
| Advances received on contracts in progress | 46 | €2,660 | €10,616 | +€7,956 | +299.1% |
| Taxes, remuneration and social security | 45 | €87,364 | €76,404 | -€10,960 | -12.5% |
| Taxes | 450/3 | €87,364 | €75,105 | -€12,259 | -14.0% |
| Remuneration and social security | 454/9 | - | €1,299 | +€1,299 | |
| Other amounts payable | 47/48 | €361,028 | €382,827 | +€21,799 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €2,750 | +€2,750 | |
| Remuneration, social security and pensions | 62 | €585 | €17,384 | +€16,798 | +2869.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,615 | €3,615 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €61,275 | €57,750 | -€3,525 | -5.8% |
| Other operating charges | 640/8 | €1,780 | €1,419 | -€360 | -20.2% |
| Gross operating margin | 9900 | €211,073 | €190,632 | -€20,441 | -9.7% |
| Operating profit (loss) | 9901 | €143,818 | €110,464 | -€33,354 | -23.2% |
| Financial income | 75/76B | €2 | €9,730 | +€9,729 | +648592.7% |
| Recurring financial income | 75 | €2 | €9,730 | +€9,729 | +648592.7% |
| Financial charges | 65/66B | €10,735 | €11,176 | +€440 | +4.1% |
| Recurring financial charges | 65 | €10,735 | €11,176 | +€440 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €133,085 | €109,019 | -€24,066 | -18.1% |
| Income taxes | 67/77 | €36,840 | €28,770 | -€8,070 | -21.9% |
| Profit (loss) for the period | 9904 | €96,245 | €80,249 | -€15,996 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,245 | €80,249 | -€15,996 | -16.6% |
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 5 October 2026 via checked.be.