GUMMO: 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.
GUMMO
Largest movements
- Cash -€1.3m
down €1.3m (-82.1%), from €1.6m to €279,094
mainly Investment in fixed assets (net) (-€1.2m) and Debts after one year (-€300,982)
- Tangible fixed assets +€1.1m
up €1.1m (+29.7%), from €3.6m to €4.6m
of which Land and buildings: +€1.1m
- Receivables within one year +€78,205
up €78,205 (+372.3%), from €21,006 to €99,210
of which Other amounts receivable: +€79,687
- Other debts +€357,865
up €357,865 (+186.6%), from €191,735 to €549,600
- Debts after one year -€300,982
down €300,982 (-24.6%), from €1.2m to €920,393
- Profit (loss) carried forward -€271,394
down €271,394 (-8.3%), from €3.3m to €3.0m
- Trade debts +€159,228
up €159,228 (+346.9%), from €45,903 to €205,131
- Tax, wage and social debts -€102,850
down €102,850 (-92.0%), from €111,791 to €8,941
- Financial income -€1.4m
down €1.4m (-99.6%), from €1.4m to €5,137
- Services and other goods +€678,927
up €678,927 (+251.8%), from €269,669 to €948,597
- Turnover +€94,234
up €94,234 (+11.1%), from €849,331 to €943,566
- Taxes -€79,503
down €79,503 (-99.7%), from €79,772 to €269
- Other operating charges -€29,025
down €29,025 (-36.5%), from €79,584 to €50,559
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 | €5,429,412 | €5,288,649 | -€140,763 | -2.6% |
| Fixed assets | 21/28 | €3,834,882 | €4,899,030 | +€1.1m | +27.7% |
| Tangible fixed assets | 22/27 | €3,584,882 | €4,649,030 | +€1.1m | +29.7% |
| Land and buildings | 22 | €3,517,264 | €4,589,465 | +€1.1m | +30.5% |
| Plant, machinery and equipment | 23 | €55,264 | €48,573 | -€6,691 | -12.1% |
| Furniture and vehicles | 24 | €12,354 | €10,991 | -€1,362 | -11.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Affiliated companies | 280/1 | €250,000 | €250,000 | = | 0.0% |
| Participating interests | 280 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,594,530 | €389,619 | -€1.2m | -75.6% |
| Amounts receivable within one year | 40/41 | €21,006 | €99,210 | +€78,205 | +372.3% |
| Trade receivables | 40 | €20,982 | €19,500 | -€1,482 | -7.1% |
| Other amounts receivable | 41 | €23 | €79,710 | +€79,687 | +340543.1% |
| Current investments | 50/53 | €1,740 | €1,747 | +€7 | +0.4% |
| Other investments | 51/53 | €1,740 | €1,747 | +€7 | +0.4% |
| Cash at bank and in hand | 54/58 | €1,563,005 | €279,094 | -€1.3m | -82.1% |
| Deferred charges and accrued income | 490/1 | €8,780 | €9,568 | +€788 | +9.0% |
| Total equity and liabilities | 10/49 | €5,429,412 | €5,288,649 | -€140,763 | -2.6% |
| Equity | 10/15 | €3,562,373 | €3,290,979 | -€271,394 | -7.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €207,437 | €207,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,280,568 | €3,009,174 | -€271,394 | -8.3% |
| Amounts payable | 17/49 | €1,867,039 | €1,997,670 | +€130,630 | +7.0% |
| Amounts payable after more than one year | 17 | €1,221,375 | €920,393 | -€300,982 | -24.6% |
| Financial debts | 170/4 | €1,221,375 | €920,393 | -€300,982 | -24.6% |
| Credit institutions | 173 | €1,221,375 | €920,393 | -€300,982 | -24.6% |
| Amounts payable within one year | 42/48 | €637,675 | €1,064,655 | +€426,979 | +67.0% |
| Current portion of amounts payable after more than one year | 42 | €288,246 | €300,982 | +€12,736 | +4.4% |
| Trade debts | 44 | €45,903 | €205,131 | +€159,228 | +346.9% |
| Suppliers | 440/4 | €45,903 | €205,131 | +€159,228 | +346.9% |
| Taxes, remuneration and social security | 45 | €111,791 | €8,941 | -€102,850 | -92.0% |
| Taxes | 450/3 | €111,791 | €8,941 | -€102,850 | -92.0% |
| Other amounts payable | 47/48 | €191,735 | €549,600 | +€357,865 | +186.6% |
| Accrued charges and deferred income | 492/3 | €7,988 | €12,622 | +€4,634 | +58.0% |
| Operating income | 70/76A | €851,160 | €943,566 | +€92,406 | +10.9% |
| Turnover | 70 | €849,331 | €943,566 | +€94,234 | +11.1% |
| Other operating income | 74 | €1,828 | - | -€1,828 | |
| Operating charges | 60/66A | €489,261 | €1,151,752 | +€662,491 | +135.4% |
| Services and other goods | 61 | €269,669 | €948,597 | +€678,927 | +251.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,008 | €152,421 | +€12,413 | +8.9% |
| Other operating charges | 640/8 | €79,584 | €50,559 | -€29,025 | -36.5% |
| Non-recurring operating charges | 66A | - | €175 | +€175 | |
| Operating profit (loss) | 9901 | €361,898 | -€208,186 | -€570,085 | |
| Financial income | 75/76B | €1,400,144 | €5,137 | -€1.4m | -99.6% |
| Recurring financial income | 75 | €1,400,144 | €5,137 | -€1.4m | -99.6% |
| Income from financial fixed assets | 750 | €1,400,000 | - | -€1.4m | |
| Income from current assets | 751 | €144 | €5,103 | +€4,960 | +3453.2% |
| Other financial income | 752/9 | - | €34 | +€34 | |
| Financial charges | 65/66B | €76,446 | €68,075 | -€8,370 | -10.9% |
| Recurring financial charges | 65 | €76,446 | €68,075 | -€8,370 | -10.9% |
| Debt charges | 650 | €75,861 | €67,744 | -€8,117 | -10.7% |
| Other financial charges | 652/9 | €585 | €332 | -€253 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €1,685,597 | -€271,125 | -€2.0m | |
| Transfer from deferred taxes | 780 | €7,403 | - | -€7,403 | |
| Income taxes | 67/77 | €79,772 | €269 | -€79,503 | -99.7% |
| Taxes | 670/3 | €79,772 | €269 | -€79,503 | -99.7% |
| Profit (loss) for the period | 9904 | €1,613,227 | -€271,394 | -€1.9m | |
| Transfer from tax-exempt reserves | 789 | €22,208 | - | -€22,208 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,635,436 | -€271,394 | -€1.9m |
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 2 October 2026 via checked.be.