GUMAMI: 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.
GUMAMI
Largest movements
- Receivables within one year -€132,328
down €132,328 (-23.9%), from €553,915 to €421,587
- Current investments -€95,439
down €95,439 (-16.6%), from €576,549 to €481,111
- Tangible fixed assets -€46,948
down €46,948 (-17.1%), from €274,487 to €227,539
of which Land and buildings: -€33,072
- Reserves -€445,936
down €445,936 (-37.9%), from €1.2m to €732,039
of which Distributable reserves: -€441,214
- Other debts +€211,973
up €211,973 (+127.0%), from €166,903 to €378,876
- Debts after one year -€23,400
down €23,400 (-21.0%), from €111,229 to €87,828
- Taxes -€10,957
down €10,957 (-61.0%), from €17,961 to €7,004
- Financial income -€6,562
down €6,562 (-51.2%), from €12,824 to €6,262
- Other operating charges +€3,235
up €3,235 (+27.9%), from €11,605 to €14,840
- Financial charges +€1,455
up €1,455 (+7.7%), from €18,819 to €20,274
- Depreciation -€1,427
down €1,427 (-2.8%), from €51,334 to €49,906
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 | €1,580,432 | €1,305,203 | -€275,229 | -17.4% |
| Fixed assets | 21/28 | €274,487 | €227,539 | -€46,948 | -17.1% |
| Tangible fixed assets | 22/27 | €274,487 | €227,539 | -€46,948 | -17.1% |
| Land and buildings | 22 | €234,911 | €201,838 | -€33,072 | -14.1% |
| Plant, machinery and equipment | 23 | €6,408 | €5,069 | -€1,339 | -20.9% |
| Furniture and vehicles | 24 | €33,168 | €20,631 | -€12,537 | -37.8% |
| Current assets | 29/58 | €1,305,945 | €1,077,664 | -€228,281 | -17.5% |
| Amounts receivable within one year | 40/41 | €553,915 | €421,587 | -€132,328 | -23.9% |
| Other amounts receivable | 41 | €553,915 | €421,587 | -€132,328 | -23.9% |
| Current investments | 50/53 | €576,549 | €481,111 | -€95,439 | -16.6% |
| Cash at bank and in hand | 54/58 | €154,139 | €165,069 | +€10,930 | +7.1% |
| Deferred charges and accrued income | 490/1 | €21,342 | €9,898 | -€11,445 | -53.6% |
| Total equity and liabilities | 10/49 | €1,580,432 | €1,305,203 | -€275,229 | -17.4% |
| Equity | 10/15 | €1,226,395 | €780,458 | -€445,936 | -36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,177,975 | €732,039 | -€445,936 | -37.9% |
| Tax-exempt reserves | 132 | €306,531 | €301,809 | -€4,722 | -1.5% |
| Distributable reserves | 133 | €871,444 | €430,230 | -€441,214 | -50.6% |
| Profit (loss) carried forward | 14 | €29,820 | €29,820 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,559 | €7,378 | -€1,181 | -13.8% |
| Deferred taxes | 168 | €8,559 | €7,378 | -€1,181 | -13.8% |
| Amounts payable | 17/49 | €345,479 | €517,366 | +€171,888 | +49.8% |
| Amounts payable after more than one year | 17 | €111,229 | €87,828 | -€23,400 | -21.0% |
| Financial debts | 170/4 | €111,229 | €87,828 | -€23,400 | -21.0% |
| Amounts payable within one year | 42/48 | €217,652 | €412,647 | +€194,995 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €22,993 | €23,400 | +€407 | +1.8% |
| Trade debts | 44 | €15,764 | €837 | -€14,927 | -94.7% |
| Suppliers | 440/4 | €15,764 | €837 | -€14,927 | -94.7% |
| Taxes, remuneration and social security | 45 | €11,991 | €9,534 | -€2,458 | -20.5% |
| Taxes | 450/3 | €11,991 | €9,534 | -€2,458 | -20.5% |
| Other amounts payable | 47/48 | €166,903 | €378,876 | +€211,973 | +127.0% |
| Accrued charges and deferred income | 492/3 | €16,598 | €16,891 | +€293 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,334 | €49,906 | -€1,427 | -2.8% |
| Other operating charges | 640/8 | €11,605 | €14,840 | +€3,235 | +27.9% |
| Gross operating margin | 9900 | €116,834 | €115,646 | -€1,188 | -1.0% |
| Operating profit (loss) | 9901 | €53,895 | €50,900 | -€2,996 | -5.6% |
| Financial income | 75/76B | €12,824 | €6,262 | -€6,562 | -51.2% |
| Recurring financial income | 75 | €12,824 | €6,262 | -€6,562 | -51.2% |
| Financial charges | 65/66B | €18,819 | €20,274 | +€1,455 | +7.7% |
| Recurring financial charges | 65 | €18,819 | €20,274 | +€1,455 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €47,900 | €36,887 | -€11,013 | -23.0% |
| Transfer from deferred taxes | 780 | €1,181 | €1,181 | = | 0.0% |
| Income taxes | 67/77 | €17,961 | €7,004 | -€10,957 | -61.0% |
| Profit (loss) for the period | 9904 | €31,119 | €31,064 | -€56 | -0.2% |
| Transfer from tax-exempt reserves | 789 | €4,722 | €4,722 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,841 | €35,786 | -€56 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.