GUMACO: 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.
GUMACO
Largest movements
- Current investments +€657,576
up €657,576 (+7.3%), from €9.0m to €9.7m
- Cash -€582,312
down €582,312 (-47.9%), from €1.2m to €632,191
mainly Contributions, distributions and other (-€746,893) and Current investments (-€657,576)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€918,420
down €918,420 (-48.6%), from €1.9m to €970,548
- Taxes -€93,302
down €93,302 (-48.7%), from €191,586 to €98,285
- Gross operating margin +€44,083
up €44,083 (+60.4%), from €73,034 to €117,117
- Other operating charges +€28,720
up €28,720 (+194.8%), from €14,746 to €43,466
- Financial charges -€21,623
down €21,623 (-49.2%), from €43,971 to €22,347
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 | €16,889,889 | €17,014,619 | +€124,730 | +0.7% |
| Fixed assets | 21/28 | €6,492,618 | €6,469,096 | -€23,522 | -0.4% |
| Tangible fixed assets | 22/27 | €498,693 | €475,172 | -€23,522 | -4.7% |
| Land and buildings | 22 | €425,198 | €412,587 | -€12,611 | -3.0% |
| Plant, machinery and equipment | 23 | €1,978 | €1,066 | -€912 | -46.1% |
| Furniture and vehicles | 24 | €71,518 | €45,184 | -€26,334 | -36.8% |
| Other tangible fixed assets | 26 | - | €16,335 | +€16,335 | |
| Financial fixed assets | 28 | €5,993,924 | €5,993,924 | = | 0.0% |
| Current assets | 29/58 | €10,397,271 | €10,545,523 | +€148,252 | +1.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €26,589 | €0 | -€26,589 | -100.0% |
| Stocks | 30/36 | €26,589 | €0 | -€26,589 | -100.0% |
| Amounts receivable within one year | 40/41 | €88,977 | €205,134 | +€116,157 | +130.5% |
| Trade receivables | 40 | €21,477 | €96,134 | +€74,657 | +347.6% |
| Other amounts receivable | 41 | €67,500 | €109,000 | +€41,500 | +61.5% |
| Current investments | 50/53 | €9,049,286 | €9,706,862 | +€657,576 | +7.3% |
| Cash at bank and in hand | 54/58 | €1,214,502 | €632,191 | -€582,312 | -47.9% |
| Deferred charges and accrued income | 490/1 | €17,918 | €1,337 | -€16,581 | -92.5% |
| Total equity and liabilities | 10/49 | €16,889,889 | €17,014,619 | +€124,730 | +0.7% |
| Equity | 10/15 | €16,568,702 | €16,646,888 | +€78,186 | +0.5% |
| Contributions | 10/11 | €4,067,416 | €4,067,416 | = | 0.0% |
| Reserves | 13 | €9,218,143 | €9,291,250 | +€73,107 | +0.8% |
| Distributable reserves | 133 | €9,218,143 | €9,291,250 | +€73,107 | +0.8% |
| Profit (loss) carried forward | 14 | €3,283,143 | €3,288,222 | +€5,079 | +0.2% |
| Amounts payable | 17/49 | €321,187 | €367,731 | +€46,544 | +14.5% |
| Amounts payable within one year | 42/48 | €310,529 | €352,576 | +€42,047 | +13.5% |
| Trade debts | 44 | €11,735 | €79,682 | +€67,946 | +579.0% |
| Suppliers | 440/4 | €11,735 | €79,682 | +€67,946 | +579.0% |
| Taxes, remuneration and social security | 45 | €294,363 | €264,028 | -€30,335 | -10.3% |
| Taxes | 450/3 | €286,794 | €253,605 | -€33,188 | -11.6% |
| Remuneration and social security | 454/9 | €7,570 | €10,423 | +€2,853 | +37.7% |
| Other amounts payable | 47/48 | €4,430 | €8,866 | +€4,436 | +100.1% |
| Accrued charges and deferred income | 492/3 | €10,658 | €15,155 | +€4,497 | +42.2% |
| Remuneration, social security and pensions | 62 | €56,432 | €58,632 | +€2,199 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,644 | €39,857 | -€9,787 | -19.7% |
| Other operating charges | 640/8 | €14,746 | €43,466 | +€28,720 | +194.8% |
| Gross operating margin | 9900 | €73,034 | €117,117 | +€44,083 | +60.4% |
| Operating profit (loss) | 9901 | -€47,788 | -€24,837 | +€22,951 | +48.0% |
| Financial income | 75/76B | €1,888,967 | €970,548 | -€918,420 | -48.6% |
| Recurring financial income | 75 | €1,888,967 | €970,548 | -€918,420 | -48.6% |
| Financial charges | 65/66B | €43,971 | €22,347 | -€21,623 | -49.2% |
| Recurring financial charges | 65 | €43,971 | €22,347 | -€21,623 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €1,797,208 | €923,363 | -€873,845 | -48.6% |
| Income taxes | 67/77 | €191,586 | €98,285 | -€93,302 | -48.7% |
| Profit (loss) for the period | 9904 | €1,605,622 | €825,079 | -€780,543 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,605,622 | €825,079 | -€780,543 | -48.6% |
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 9 October 2026 via checked.be.