GANDAVUM: 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.
GANDAVUM
Largest movements
- Cash +€330,053
up €330,053 (+6,343%), from €5,204 to €335,257
mainly Debts after one year (+€300,000) and Receivables after one year (+€50,000)
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Stocks and contracts +€17,000
new in 2026: €17,000
- Debts after one year +€300,000
new in 2026: €300,000
- Reserves -€7,199
down €7,199 (-19.2%), from €37,577 to €30,378
- Financial charges +€2,820
up €2,820 (+648%), from €435 to €3,255
- Gross operating margin -€2,053
down €2,053 (-158%), from -€1,301 to -€3,354
- Financial income -€1,458
down €1,458 (-100%), from €1,458 to €0
- Other operating charges +€53
up €53 (+9.9%), from €537 to €591
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,662 | €352,257 | +€295,595 | +522% |
| Current assets | 29/58 | €56,662 | €352,257 | +€295,595 | +522% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Stocks and contracts in progress | 3 | - | €17,000 | +€17,000 | |
| Stocks | 30/36 | - | €17,000 | +€17,000 | |
| Cash at bank and in hand | 54/58 | €5,204 | €335,257 | +€330,053 | +6,343% |
| Deferred charges and accrued income | 490/1 | €1,458 | €0 | -€1,458 | -100% |
| Total equity and liabilities | 10/49 | €56,662 | €352,257 | +€295,595 | +522% |
| Equity | 10/15 | €56,127 | €48,928 | -€7,199 | -12.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €37,577 | €30,378 | -€7,199 | -19.2% |
| Distributable reserves | 133 | €37,577 | €30,378 | -€7,199 | -19.2% |
| Amounts payable | 17/49 | €534 | €303,329 | +€302,794 | +56,656% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | €534 | €3,329 | +€2,794 | +523% |
| Other operating charges | 640/8 | €537 | €591 | +€53 | +9.9% |
| Gross operating margin | 9900 | -€1,301 | -€3,354 | -€2,053 | -158% |
| Operating profit (loss) | 9901 | -€1,838 | -€3,945 | -€2,106 | -115% |
| Financial income | 75/76B | €1,458 | €0 | -€1,458 | -100% |
| Recurring financial income | 75 | €1,458 | €0 | -€1,458 | -100% |
| Financial charges | 65/66B | €435 | €3,255 | +€2,820 | +648% |
| Recurring financial charges | 65 | €435 | €3,255 | +€2,820 | +648% |
| Profit (loss) for the period before taxes | 9903 | -€816 | -€7,199 | -€6,384 | -783% |
| Profit (loss) for the period | 9904 | -€816 | -€7,199 | -€6,384 | -783% |
| Profit (loss) for the period to be appropriated | 9905 | -€816 | -€7,199 | -€6,384 | -783% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.