GUMAT: 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.
GUMAT
Largest movements
- Cash +€72,347
up €72,347 (+176%), from €41,166 to €113,514
mainly Depreciation (+€71,145) and Net result for the year (+€28,393)
- Tangible fixed assets -€62,692
down €62,692 (-11.4%), from €548,273 to €485,581
of which Land and buildings: -€66,714
- Deferred charges and accrued income +€13,960
up €13,960 (+1,438%), from €971 to €14,931
- Revaluation surpluses -€42,655
down €42,655 (-16.6%), from €257,003 to €214,347
- Reserves +€42,655
up €42,655 (+8.3%), from €511,736 to €554,392
- Profit (loss) carried forward +€28,393
up €28,393 (+6.8%), from -€415,931 to -€387,538
- Current portion of long-term debt -€25,757
down €25,757 (-100%), from €25,757 to €0
- Tax, wage and social debts +€17,014
up €17,014 (+501%), from €3,399 to €20,413
- Gross operating margin +€29,249
up €29,249 (+27.2%), from €107,539 to €136,788
- Taxes +€4,725
up €4,725 (+27.2%), from €17,399 to €22,124
- Depreciation +€1,588
up €1,588 (+2.3%), from €69,557 to €71,145
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 | €635,396 | €653,519 | +€18,123 | +2.9% |
| Fixed assets | 21/28 | €548,273 | €485,581 | -€62,692 | -11.4% |
| Tangible fixed assets | 22/27 | €548,273 | €485,581 | -€62,692 | -11.4% |
| Land and buildings | 22 | €547,379 | €480,666 | -€66,714 | -12.2% |
| Plant, machinery and equipment | 23 | €894 | €746 | -€148 | -16.6% |
| Furniture and vehicles | 24 | €0 | €4,169 | +€4,169 | +41,693,600% |
| Current assets | 29/58 | €87,123 | €167,938 | +€80,815 | +92.8% |
| Amounts receivable after more than one year | 29 | €29,668 | €29,668 | = | 0.0% |
| Trade receivables | 290 | €29,668 | €29,668 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,318 | €9,826 | -€5,492 | -35.9% |
| Trade receivables | 40 | €3,198 | €8,007 | +€4,809 | +150% |
| Other amounts receivable | 41 | €12,120 | €1,819 | -€10,301 | -85.0% |
| Cash at bank and in hand | 54/58 | €41,166 | €113,514 | +€72,347 | +176% |
| Deferred charges and accrued income | 490/1 | €971 | €14,931 | +€13,960 | +1,438% |
| Total equity and liabilities | 10/49 | €635,396 | €653,519 | +€18,123 | +2.9% |
| Equity | 10/15 | €415,308 | €443,701 | +€28,393 | +6.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €257,003 | €214,347 | -€42,655 | -16.6% |
| Reserves | 13 | €511,736 | €554,392 | +€42,655 | +8.3% |
| Distributable reserves | 133 | €511,736 | €554,392 | +€42,655 | +8.3% |
| Profit (loss) carried forward | 14 | -€415,931 | -€387,538 | +€28,393 | +6.8% |
| Amounts payable | 17/49 | €220,089 | €209,818 | -€10,271 | -4.7% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,158 | €81,728 | -€6,429 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €25,757 | €0 | -€25,757 | -100% |
| Trade debts | 44 | €1,359 | €169 | -€1,189 | -87.5% |
| Suppliers | 440/4 | €1,359 | €169 | -€1,189 | -87.5% |
| Taxes, remuneration and social security | 45 | €3,399 | €20,413 | +€17,014 | +501% |
| Taxes | 450/3 | €3,399 | €20,413 | +€17,014 | +501% |
| Other amounts payable | 47/48 | €57,643 | €61,146 | +€3,503 | +6.1% |
| Accrued charges and deferred income | 492/3 | €6,931 | €3,090 | -€3,841 | -55.4% |
| Non-recurring operating income | 76A | - | €19,095 | +€19,095 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,557 | €71,145 | +€1,588 | +2.3% |
| Other operating charges | 640/8 | €10,472 | €10,800 | +€327 | +3.1% |
| Gross operating margin | 9900 | €107,539 | €136,788 | +€29,249 | +27.2% |
| Operating profit (loss) | 9901 | €27,509 | €54,843 | +€27,334 | +99.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,813 | €4,326 | -€487 | -10.1% |
| Recurring financial charges | 65 | €4,813 | €4,326 | -€487 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €22,696 | €50,517 | +€27,821 | +123% |
| Income taxes | 67/77 | €17,399 | €22,124 | +€4,725 | +27.2% |
| Profit (loss) for the period | 9904 | €5,297 | €28,393 | +€23,096 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €5,297 | €28,393 | +€23,096 | +436% |
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 18 October 2026 via checked.be.