GAUMAN: 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.
What changed
GAUMAN
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€35,029
2024 · -€26,277-€8,752
Equity
€335,492
2024 · €370,521-€35,029
Cash
€3,825
2024 · €15,386-€11,561
Balance sheet total
€1.3m
2024 · €1.3m+€30,492
Largest movements
Assets
- Receivables within one year +€57,109
up €57,109 (+23.4%), from €244,116 to €301,225
of which Trade receivables: +€80,291
- Tangible fixed assets -€15,056
down €15,056 (-1.4%), from €1.0m to €1.0m
Equity and liabilities
- Trade debts +€94,982
up €94,982 (+633.0%), from €15,005 to €109,987
- Debts after one year -€36,459
down €36,459 (-37.0%), from €98,427 to €61,968
- Profit (loss) carried forward -€35,029
down €35,029 (-34.4%), from €101,923 to €66,894
Income statement
- Gross operating margin +€38,482
up €38,482 (+79.3%), from €48,553 to €87,034
- Depreciation +€27,438
up €27,438 (+47.5%), from €57,719 to €85,157
- Financial income -€12,385
down €12,385 (-70.9%), from €17,458 to €5,073
- Write-downs +€7,788
new in 2025: €7,788
- Financial charges -€7,432
down €7,432 (-21.0%), from €35,375 to €27,942
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
-€26,277
Gross operating margin
+€38,482
Depreciation
-€27,438
Write-downs
-€7,788
Provisions
+€4,231
Other operating charges
-€2,738
Financial income
-€12,385
Financial charges
+€7,432
Deferred taxes and other
-€8,549
Result 2025
-€35,029
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.
From operations
+€94,467
Investment
-€70,101
Financing
-€35,927
Cash 2024
€15,386
From operations (derived)
+€94,467
Net result for the year
-€35,029
Depreciation
+€85,157
Receivables within one year
-€57,109
Trade debts
+€94,982
Tax, wage and social debts
+€1,683
Other debts
+€4,783
Investment (derived)
-€70,101
Investment in fixed assets (net)
-€70,101
Financing
-€35,927
Debts after one year
-€36,459
Current portion of long-term debt
+€532
Cash 2025
€3,825
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,299,047 | €1,329,538 | +€30,492 | +2.3% |
| Fixed assets | 21/28 | €1,039,544 | €1,024,488 | -€15,056 | -1.4% |
| Tangible fixed assets | 22/27 | €1,039,544 | €1,024,488 | -€15,056 | -1.4% |
| Land and buildings | 22 | €1,039,544 | €1,024,488 | -€15,056 | -1.4% |
| Current assets | 29/58 | €259,502 | €305,050 | +€45,548 | +17.6% |
| Amounts receivable within one year | 40/41 | €244,116 | €301,225 | +€57,109 | +23.4% |
| Trade receivables | 40 | €5,949 | €86,240 | +€80,291 | +1349.6% |
| Other amounts receivable | 41 | €238,167 | €214,985 | -€23,182 | -9.7% |
| Cash at bank and in hand | 54/58 | €15,386 | €3,825 | -€11,561 | -75.1% |
| Total equity and liabilities | 10/49 | €1,299,047 | €1,329,538 | +€30,492 | +2.3% |
| Equity | 10/15 | €370,521 | €335,492 | -€35,029 | -9.5% |
| Contributions | 10/11 | €61,600 | €61,600 | = | 0.0% |
| Capital | 10 | €61,600 | €61,600 | = | 0.0% |
| Issued capital | 100 | €61,600 | €61,600 | = | 0.0% |
| Reserves | 13 | €206,998 | €206,998 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,160 | €6,160 | = | 0.0% |
| Legal reserve | 130 | €6,160 | €6,160 | = | 0.0% |
| Tax-exempt reserves | 132 | €200,838 | €200,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,923 | €66,894 | -€35,029 | -34.4% |
| Provisions and deferred taxes | 16 | €66,946 | €66,946 | = | 0.0% |
| Deferred taxes | 168 | €66,946 | €66,946 | = | 0.0% |
| Amounts payable | 17/49 | €861,580 | €927,100 | +€65,520 | +7.6% |
| Amounts payable after more than one year | 17 | €98,427 | €61,968 | -€36,459 | -37.0% |
| Financial debts | 170/4 | €98,427 | €61,968 | -€36,459 | -37.0% |
| Amounts payable within one year | 42/48 | €763,153 | €865,133 | +€101,979 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €35,927 | €36,459 | +€532 | +1.5% |
| Financial debts | 43 | €710,000 | €710,000 | = | 0.0% |
| Credit institutions | 430/8 | €710,000 | €710,000 | = | 0.0% |
| Trade debts | 44 | €15,005 | €109,987 | +€94,982 | +633.0% |
| Suppliers | 440/4 | €15,005 | €109,987 | +€94,982 | +633.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,683 | +€1,683 | |
| Taxes | 450/3 | €0 | €1,683 | +€1,683 | |
| Other amounts payable | 47/48 | €2,221 | €7,003 | +€4,783 | +215.3% |
| Non-recurring operating income | 76A | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,719 | €85,157 | +€27,438 | +47.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,788 | +€7,788 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,231 | -€4,231 | |
| Other operating charges | 640/8 | €7,743 | €10,481 | +€2,738 | +35.4% |
| Gross operating margin | 9900 | €48,553 | €87,034 | +€38,482 | +79.3% |
| Operating profit (loss) | 9901 | -€16,910 | -€12,160 | +€4,750 | +28.1% |
| Financial income | 75/76B | €17,458 | €5,073 | -€12,385 | -70.9% |
| Recurring financial income | 75 | €17,458 | €5,073 | -€12,385 | -70.9% |
| Financial charges | 65/66B | €35,375 | €27,942 | -€7,432 | -21.0% |
| Recurring financial charges | 65 | €35,375 | €27,942 | -€7,432 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,826 | -€35,029 | -€203 | -0.6% |
| Transfer from deferred taxes | 780 | €8,549 | €13,095 | +€4,546 | +53.2% |
| Transfer to deferred taxes | 680 | - | €13,095 | +€13,095 | |
| Profit (loss) for the period | 9904 | -€26,277 | -€35,029 | -€8,752 | -33.3% |
| Transfer from tax-exempt reserves | 789 | €25,647 | €39,285 | +€13,638 | +53.2% |
| Transfer to tax-exempt reserves | 689 | - | €39,285 | +€39,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€630 | -€35,029 | -€34,398 | -5456.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.