GATAM: 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.
What changed
GATAM
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€475
2024 · -€95,525+€96,001
Equity
€2.5m
2024 · €2.5m+€475
Cash
€2.7m
2024 · €2.7m+€34,804
Balance sheet total
€3.8m
2024 · €3.8m-€13,653
Largest movements
Assets
- Tangible fixed assets -€38,343
down €38,343 (-7.2%), from €532,467 to €494,123
of which Land and buildings: -€44,429
Equity and liabilities
- Accrued charges and deferred income -€82,551
down €82,551 (-27.7%), from €297,734 to €215,182
- Debts within one year +€63,089
up €63,089 (+12.0%), from €523,950 to €587,039
of which Tax, wage and social debts: +€63,315
- Provisions +€39,000
up €39,000 (+97.5%), from €40,000 to €79,000
Income statement
- Gross operating margin +€386,383
up €386,383 (+14.1%), from €2.7m to €3.1m
- Staff costs +€249,072
up €249,072 (+9.2%), from €2.7m to €3.0m
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.
Result 2024
-€95,525
Gross operating margin
+€386,383
Staff costs
-€249,072
Depreciation
-€5,289
Other operating charges
-€961
Other operating items
-€39,000
Financial income
-€5,727
Financial charges
+€9,667
Result 2025
€475
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€84,934
Investment
-€16,464
Financing
-€33,666
Cash 2024
€2.7m
From operations (derived)
+€84,934
Net result for the year
+€475
Depreciation
+€72,688
Receivables within one year
-€21,167
Deferred charges and accrued income
+€13,400
Provisions
+€39,000
Debts within one year
+€63,089
Accrued charges and deferred income
-€82,551
Investment (derived)
-€16,464
Investment in fixed assets (net)
-€16,464
Financing
-€33,666
Debts after one year
-€33,666
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,788,712 | €3,775,059 | -€13,653 | -0.4% |
| Fixed assets | 21/28 | €561,747 | €505,523 | -€56,224 | -10.0% |
| Intangible fixed assets | 21 | €14,610 | €7,780 | -€6,830 | -46.7% |
| Tangible fixed assets | 22/27 | €532,467 | €494,123 | -€38,343 | -7.2% |
| Land and buildings | 22 | €488,190 | €443,760 | -€44,429 | -9.1% |
| Plant, machinery and equipment | 23 | €42,249 | €38,454 | -€3,795 | -9.0% |
| Furniture and vehicles | 24 | €2,028 | €11,909 | +€9,881 | +487% |
| Financial fixed assets | 28 | €14,670 | €3,619 | -€11,051 | -75.3% |
| Current assets | 29/58 | €3,226,965 | €3,269,536 | +€42,571 | +1.3% |
| Stocks and contracts in progress | 3 | €4,819 | €4,819 | = | 0.0% |
| Stocks | 30/36 | €4,819 | €4,819 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €528,133 | €549,300 | +€21,167 | +4.0% |
| Trade receivables | 40 | €257,681 | €230,517 | -€27,164 | -10.5% |
| Other amounts receivable | 41 | €270,452 | €318,783 | +€48,331 | +17.9% |
| Cash at bank and in hand | 54/58 | €2,665,871 | €2,700,675 | +€34,804 | +1.3% |
| Deferred charges and accrued income | 490/1 | €28,142 | €14,742 | -€13,400 | -47.6% |
| Total equity and liabilities | 10/49 | €3,788,712 | €3,775,059 | -€13,653 | -0.4% |
| Equity | 10/15 | €2,502,998 | €2,503,473 | +€475 | 0.0% |
| Contributions | 10/11 | €518,358 | €518,358 | = | 0.0% |
| Capital | 10 | €518,358 | €518,358 | = | 0.0% |
| Reserves | 13 | €159,050 | €159,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,825,589 | €1,826,065 | +€475 | 0.0% |
| Provisions and deferred taxes | 16 | €40,000 | €79,000 | +€39,000 | +97.5% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €79,000 | +€39,000 | +97.5% |
| Major repairs and maintenance | 162 | - | €39,000 | +€39,000 | |
| Other liabilities and charges | 164/5 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,245,714 | €1,192,585 | -€53,128 | -4.3% |
| Amounts payable after more than one year | 17 | €424,030 | €390,364 | -€33,666 | -7.9% |
| Financial debts | 170/4 | €424,030 | €390,364 | -€33,666 | -7.9% |
| Amounts payable within one year | 42/48 | €523,950 | €587,039 | +€63,089 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €32,868 | €33,666 | +€798 | +2.4% |
| Trade debts | 44 | €50,519 | €69,792 | +€19,273 | +38.1% |
| Suppliers | 440/4 | €50,519 | €69,792 | +€19,273 | +38.1% |
| Taxes, remuneration and social security | 45 | €333,819 | €397,134 | +€63,315 | +19.0% |
| Taxes | 450/3 | €29,322 | €68,519 | +€39,198 | +134% |
| Remuneration and social security | 454/9 | €304,497 | €328,614 | +€24,117 | +7.9% |
| Accrued charges and deferred income | 492/3 | €297,734 | €215,182 | -€82,551 | -27.7% |
| Remuneration, social security and pensions | 62 | €2,719,386 | €2,968,458 | +€249,072 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,399 | €72,688 | +€5,289 | +7.8% |
| Other operating charges | 640/8 | €20,087 | €21,048 | +€961 | +4.8% |
| Gross operating margin | 9900 | €2,731,837 | €3,118,220 | +€386,383 | +14.1% |
| Operating profit (loss) | 9901 | -€75,035 | €17,026 | +€92,061 | |
| Financial income | 75/76B | €8,385 | €2,658 | -€5,727 | -68.3% |
| Recurring financial income | 75 | €8,385 | €2,658 | -€5,727 | -68.3% |
| Financial charges | 65/66B | €28,875 | €19,208 | -€9,667 | -33.5% |
| Recurring financial charges | 65 | €28,875 | €19,208 | -€9,667 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€95,525 | €475 | +€96,001 | |
| Profit (loss) for the period | 9904 | -€95,525 | €475 | +€96,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€95,525 | €475 | +€96,001 |
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 13 October 2026 via checked.be.