GATMAN: 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.
GATMAN
Largest movements
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Cash -€37,939
down €37,939 (-38.6%), from €98,190 to €60,251
mainly Contributions, distributions and other (-€240,000) and Investment in fixed assets (net) (-€1,339)
- Deferred charges and accrued income -€6,096
down €6,096 (-37.1%), from €16,442 to €10,346
- Receivables within one year -€6,073
down €6,073 (-61.8%), from €9,831 to €3,758
of which Trade receivables: -€9,133
- Reserves -€204,760
down €204,760 (-96.0%), from €213,290 to €8,530
- Other debts +€40,167
up €40,167 (+20.1%), from €200,246 to €240,413
- Tax, wage and social debts +€15,644
up €15,644 (+316.8%), from €4,939 to €20,582
of which Remuneration and social security: +€14,350
- Gross operating margin -€23,014
down €23,014 (-33.5%), from €68,685 to €45,670
- Financial income -€6,420
down €6,420 (-58.8%), from €10,915 to €4,495
- Taxes -€6,173
down €6,173 (-32.6%), from €18,913 to €12,741
- Other operating charges -€3,193
down €3,193 (-64.6%), from €4,944 to €1,751
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 | €424,464 | €275,514 | -€148,950 | -35.1% |
| Fixed assets | 21/28 | - | €1,158 | +€1,158 | |
| Tangible fixed assets | 22/27 | - | €1,158 | +€1,158 | |
| Furniture and vehicles | 24 | - | €1,158 | +€1,158 | |
| Current assets | 29/58 | €424,464 | €274,356 | -€150,108 | -35.4% |
| Amounts receivable within one year | 40/41 | €9,831 | €3,758 | -€6,073 | -61.8% |
| Trade receivables | 40 | €9,133 | - | -€9,133 | |
| Other amounts receivable | 41 | €698 | €3,758 | +€3,060 | +438.1% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €98,190 | €60,251 | -€37,939 | -38.6% |
| Deferred charges and accrued income | 490/1 | €16,442 | €10,346 | -€6,096 | -37.1% |
| Total equity and liabilities | 10/49 | €424,464 | €275,514 | -€148,950 | -35.1% |
| Equity | 10/15 | €218,290 | €13,530 | -€204,760 | -93.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €213,290 | €8,530 | -€204,760 | -96.0% |
| Distributable reserves | 133 | €213,290 | €8,530 | -€204,760 | -96.0% |
| Amounts payable | 17/49 | €206,173 | €261,984 | +€55,810 | +27.1% |
| Amounts payable within one year | 42/48 | €206,173 | €261,984 | +€55,810 | +27.1% |
| Financial debts | 43 | €456 | €432 | -€24 | -5.3% |
| Credit institutions | 430/8 | €456 | €432 | -€24 | -5.3% |
| Trade debts | 44 | €533 | €557 | +€24 | +4.6% |
| Suppliers | 440/4 | €533 | €557 | +€24 | +4.6% |
| Taxes, remuneration and social security | 45 | €4,939 | €20,582 | +€15,644 | +316.8% |
| Taxes | 450/3 | €4,939 | €6,232 | +€1,294 | +26.2% |
| Remuneration and social security | 454/9 | - | €14,350 | +€14,350 | |
| Other amounts payable | 47/48 | €200,246 | €240,413 | +€40,167 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €181 | +€181 | |
| Other operating charges | 640/8 | €4,944 | €1,751 | -€3,193 | -64.6% |
| Gross operating margin | 9900 | €68,685 | €45,670 | -€23,014 | -33.5% |
| Operating profit (loss) | 9901 | €63,741 | €43,738 | -€20,003 | -31.4% |
| Financial income | 75/76B | €10,915 | €4,495 | -€6,420 | -58.8% |
| Recurring financial income | 75 | €10,915 | €4,495 | -€6,420 | -58.8% |
| Financial charges | 65/66B | €203 | €253 | +€49 | +24.3% |
| Recurring financial charges | 65 | €203 | €253 | +€49 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €74,453 | €47,980 | -€26,472 | -35.6% |
| Income taxes | 67/77 | €18,913 | €12,741 | -€6,173 | -32.6% |
| Profit (loss) for the period | 9904 | €55,539 | €35,240 | -€20,300 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,539 | €35,240 | -€20,300 | -36.6% |
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 11 October 2026 via checked.be.