Gandamo: 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.
Gandamo
Largest movements
- Cash -€14,291
down €14,291 (-59.7%), from €23,954 to €9,663
mainly Net result for the year (-€6,842) and Other debts (-€6,293)
- Receivables within one year -€650
down €650 (-77.6%), from €837 to €187
- Deferred charges and accrued income -€645
down €645 (-59.4%), from €1,086 to €441
- Profit (loss) carried forward -€6,842
down €6,842 (-12.1%), from -€56,398 to -€63,240
- Other debts -€6,293
down €6,293 (-17.3%), from €36,379 to €30,086
- Trade debts -€2,173
down €2,173 (-68.8%), from €3,159 to €986
- Gross operating margin +€15,213
up €15,213 (+74.0%), from -€20,563 to -€5,350
- Depreciation -€14,690
no longer reported in 2025 (was €14,690)
- Other operating charges -€839
down €839 (-41.1%), from €2,042 to €1,203
- Taxes -€337
down €337 (-59.0%), from €570 to €234
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 | €63,658 | €48,072 | -€15,586 | -24.5% |
| Fixed assets | 21/28 | €37,780 | €37,780 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,780 | €37,780 | = | 0.0% |
| Furniture and vehicles | 24 | €37,780 | €37,780 | = | 0.0% |
| Current assets | 29/58 | €25,878 | €10,292 | -€15,586 | -60.2% |
| Amounts receivable within one year | 40/41 | €837 | €187 | -€650 | -77.6% |
| Other amounts receivable | 41 | €837 | €187 | -€650 | -77.6% |
| Cash at bank and in hand | 54/58 | €23,954 | €9,663 | -€14,291 | -59.7% |
| Deferred charges and accrued income | 490/1 | €1,086 | €441 | -€645 | -59.4% |
| Total equity and liabilities | 10/49 | €63,658 | €48,072 | -€15,586 | -24.5% |
| Equity | 10/15 | €21,215 | €14,373 | -€6,842 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,013 | €59,013 | = | 0.0% |
| Distributable reserves | 133 | €59,013 | €59,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,398 | -€63,240 | -€6,842 | -12.1% |
| Amounts payable | 17/49 | €42,443 | €33,699 | -€8,744 | -20.6% |
| Amounts payable within one year | 42/48 | €40,943 | €32,199 | -€8,744 | -21.4% |
| Trade debts | 44 | €3,159 | €986 | -€2,173 | -68.8% |
| Suppliers | 440/4 | €3,159 | €986 | -€2,173 | -68.8% |
| Taxes, remuneration and social security | 45 | €1,405 | €1,127 | -€279 | -19.8% |
| Taxes | 450/3 | €1,405 | €1,127 | -€279 | -19.8% |
| Other amounts payable | 47/48 | €36,379 | €30,086 | -€6,293 | -17.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,690 | - | -€14,690 | |
| Other operating charges | 640/8 | €2,042 | €1,203 | -€839 | -41.1% |
| Gross operating margin | 9900 | -€20,563 | -€5,350 | +€15,213 | +74.0% |
| Operating profit (loss) | 9901 | -€37,295 | -€6,553 | +€30,742 | +82.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €56 | €55 | -€0 | -0.9% |
| Recurring financial charges | 65 | €56 | €55 | -€0 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€37,350 | -€6,608 | +€30,742 | +82.3% |
| Income taxes | 67/77 | €570 | €234 | -€337 | -59.0% |
| Profit (loss) for the period | 9904 | -€37,921 | -€6,842 | +€31,079 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,921 | -€6,842 | +€31,079 | +82.0% |
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 2 October 2026 via checked.be.