GUMABO Estates: 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.
GUMABO Estates
Largest movements
- Tangible fixed assets -€1.9m
down €1.9m (-99.9%), from €1.9m to €1,511
of which Land and buildings: -€1.8m
- Cash -€325,152
down €325,152 (-84.7%), from €384,041 to €58,889
mainly Short-term financial debts (-€2.0m) and Debts after one year (-€598,679)
- Stocks and contracts +€174,880
up €174,880 (+3.1%), from €5.6m to €5.8m
- Receivables within one year +€91,204
new in 2025: €91,204
- Short-term financial debts -€2.0m
down €2.0m (-80.0%), from €2.5m to €500,000
- Debts after one year -€598,679
down €598,679 (-11.6%), from €5.2m to €4.6m
- Current portion of long-term debt +€461,275
up €461,275 (+1,418%), from €32,524 to €493,799
- Profit (loss) carried forward +€85,087
up €85,087 (+470%), from €18,110 to €103,196
- Gross operating margin +€279,595
up €279,595 (+169%), from €165,906 to €445,501
- Financial charges +€159,154
up €159,154 (+106%), from €150,243 to €309,397
- Taxes +€27,569
up €27,569 (+456%), from €6,049 to €33,618
- Depreciation -€11,438
down €11,438 (-91.3%), from €12,531 to €1,093
- Financial income -€10,811
down €10,811 (-78.7%), from €13,741 to €2,930
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,870,091 | €5,946,690 | -€1.9m | -24.4% |
| Fixed assets | 21/28 | €1,861,716 | €2,511 | -€1.9m | -99.9% |
| Tangible fixed assets | 22/27 | €1,851,716 | €1,511 | -€1.9m | -99.9% |
| Land and buildings | 22 | €1,812,830 | €0 | -€1.8m | -100% |
| Plant, machinery and equipment | 23 | €1,974 | €1,511 | -€464 | -23.5% |
| Furniture and vehicles | 24 | €629 | €0 | -€629 | -100% |
| Assets under construction and advance payments | 27 | €36,283 | €0 | -€36,283 | -100% |
| Financial fixed assets | 28 | €10,000 | €1,000 | -€9,000 | -90.0% |
| Current assets | 29/58 | €6,008,375 | €5,944,180 | -€64,195 | -1.1% |
| Stocks and contracts in progress | 3 | €5,617,866 | €5,792,746 | +€174,880 | +3.1% |
| Stocks | 30/36 | €5,617,866 | €5,792,746 | +€174,880 | +3.1% |
| Amounts receivable within one year | 40/41 | - | €91,204 | +€91,204 | |
| Trade receivables | 40 | - | €91,204 | +€91,204 | |
| Cash at bank and in hand | 54/58 | €384,041 | €58,889 | -€325,152 | -84.7% |
| Deferred charges and accrued income | 490/1 | €6,469 | €1,341 | -€5,127 | -79.3% |
| Total equity and liabilities | 10/49 | €7,870,091 | €5,946,690 | -€1.9m | -24.4% |
| Equity | 10/15 | €20,610 | €105,696 | +€85,087 | +413% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,110 | €103,196 | +€85,087 | +470% |
| Amounts payable | 17/49 | €7,849,482 | €5,840,994 | -€2.0m | -25.6% |
| Amounts payable after more than one year | 17 | €5,151,741 | €4,553,062 | -€598,679 | -11.6% |
| Financial debts | 170/4 | €5,151,741 | €4,553,062 | -€598,679 | -11.6% |
| Amounts payable within one year | 42/48 | €2,697,331 | €1,258,892 | -€1.4m | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €32,524 | €493,799 | +€461,275 | +1,418% |
| Financial debts | 43 | €2,500,000 | €500,000 | -€2.0m | -80.0% |
| Credit institutions | 430/8 | €2,500,000 | €500,000 | -€2.0m | -80.0% |
| Trade debts | 44 | €68,862 | €144,926 | +€76,064 | +110% |
| Suppliers | 440/4 | €68,862 | €144,926 | +€76,064 | +110% |
| Taxes, remuneration and social security | 45 | €8,516 | €10,398 | +€1,882 | +22.1% |
| Taxes | 450/3 | €8,516 | €10,398 | +€1,882 | +22.1% |
| Other amounts payable | 47/48 | €87,428 | €109,768 | +€22,339 | +25.6% |
| Accrued charges and deferred income | 492/3 | €409 | €29,040 | +€28,631 | +7,001% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,531 | €1,093 | -€11,438 | -91.3% |
| Other operating charges | 640/8 | €3,394 | €1,126 | -€2,267 | -66.8% |
| Gross operating margin | 9900 | €165,906 | €445,501 | +€279,595 | +169% |
| Operating profit (loss) | 9901 | €149,981 | €443,281 | +€293,300 | +196% |
| Financial income | 75/76B | €13,741 | €2,930 | -€10,811 | -78.7% |
| Recurring financial income | 75 | €13,741 | €2,930 | -€10,811 | -78.7% |
| Financial charges | 65/66B | €150,243 | €309,397 | +€159,154 | +106% |
| Recurring financial charges | 65 | €150,243 | €309,397 | +€159,154 | +106% |
| Profit (loss) for the period before taxes | 9903 | €13,479 | €136,814 | +€123,335 | +915% |
| Income taxes | 67/77 | €6,049 | €33,618 | +€27,569 | +456% |
| Profit (loss) for the period | 9904 | €7,430 | €103,196 | +€95,767 | +1,289% |
| Profit (loss) for the period to be appropriated | 9905 | €7,430 | €103,196 | +€95,767 | +1,289% |
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 24 October 2026 via checked.be.