GUMPTION: 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.
What changed
GUMPTION
NACE 82.990, Other business support services
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€866,612
31-12-2024 · €104,826+€761,787
Equity
€21.2m
31-12-2024 · €19.6m+€1.6m
Cash
€304,072
31-12-2024 · €723,240-€419,167
Balance sheet total
€25.8m
31-12-2024 · €23.2m+€2.5m
Largest movements
Assets
- Financial fixed assets +€2.4m
up €2.4m (+18.4%), from €12.9m to €15.3m
- Tangible fixed assets +€1.2m
up €1.2m (+97.0%), from €1.3m to €2.5m
of which Land and buildings: +€1.2m
- Receivables within one year -€461,135
down €461,135 (-6.6%), from €7.0m to €6.5m
of which Trade receivables: -€263,818
- Cash -€419,167
down €419,167 (-58.0%), from €723,240 to €304,072
mainly Investment in fixed assets (net) (-€3.9m) and Trade debts (-€225,625)
Equity and liabilities
- Revaluation surpluses +€1.3m
up €1.3m (+278.5%), from €468,000 to €1.8m
- Short-term financial debts +€804,685
up €804,685 (+623.6%), from €129,047 to €933,733
- Other debts +€604,732
up €604,732 (+1405.7%), from €43,020 to €647,752
Income statement
- Financial income +€866,811
up €866,811 (+250.7%), from €345,697 to €1.2m
of which Non-recurring financial income: +€962,670
- Gross operating margin -€426,384
down €426,384 (-19.3%), from €2.2m to €1.8m
- Staff costs -€404,577
down €404,577 (-21.6%), from €1.9m to €1.5m
- Depreciation +€88,473
up €88,473 (+20.2%), from €438,750 to €527,223
- Financial charges +€35,856
up €35,856 (+48.6%), from €73,842 to €109,698
of which Financial charges: +€20,244
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€104,826
Gross operating margin
-€426,384
Staff costs
+€404,577
Depreciation
-€88,473
Other operating charges
+€16,453
Financial income
+€866,811
Financial charges
-€35,856
Taxes
+€24,657
Result 31-12-2025
€866,612
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.1m
Investment
-€3.9m
Financing
+€1.4m
Cash 31-12-2024
€723,240
From operations (derived)
+€2.1m
Net result for the year
+€866,612
Depreciation
+€527,223
Receivables within one year
+€461,135
Smaller working-capital items
+€4,650
Trade debts
-€225,625
Tax, wage and social debts
-€164,730
Other debts
+€604,732
Accrued charges and deferred income
+€37,873
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€3.9m
Financing
+€1.4m
Debts after one year
-€158,415
Current portion of long-term debt
+€3,125
Short-term financial debts
+€804,685
Contributions, distributions and other
+€752,358
Cash 31-12-2025
€304,072
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,249,060 | €25,764,808 | +€2.5m | +10.8% |
| Fixed assets | 21/28 | €14,692,449 | €18,098,019 | +€3.4m | +23.2% |
| Intangible fixed assets | 21 | €520,460 | €315,732 | -€204,728 | -39.3% |
| Tangible fixed assets | 22/27 | €1,275,423 | €2,512,148 | +€1.2m | +97.0% |
| Land and buildings | 22 | €892,739 | €2,123,418 | +€1.2m | +137.9% |
| Plant, machinery and equipment | 23 | €72,374 | €39,173 | -€33,201 | -45.9% |
| Furniture and vehicles | 24 | €80,877 | €62,594 | -€18,283 | -22.6% |
| Other tangible fixed assets | 26 | €229,434 | €255,744 | +€26,310 | +11.5% |
| Assets under construction and advance payments | 27 | €0 | €31,219 | +€31,219 | |
| Financial fixed assets | 28 | €12,896,566 | €15,270,139 | +€2.4m | +18.4% |
| Current assets | 29/58 | €8,556,611 | €7,666,790 | -€889,822 | -10.4% |
| Amounts receivable after more than one year | 29 | €647,750 | €647,750 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €647,750 | €647,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,984,417 | €6,523,282 | -€461,135 | -6.6% |
| Trade receivables | 40 | €3,052,848 | €2,789,030 | -€263,818 | -8.6% |
| Other amounts receivable | 41 | €3,931,569 | €3,734,252 | -€197,317 | -5.0% |
| Cash at bank and in hand | 54/58 | €723,240 | €304,072 | -€419,167 | -58.0% |
| Deferred charges and accrued income | 490/1 | €201,204 | €191,685 | -€9,519 | -4.7% |
| Total equity and liabilities | 10/49 | €23,249,060 | €25,764,808 | +€2.5m | +10.8% |
| Equity | 10/15 | €19,583,311 | €21,202,282 | +€1.6m | +8.3% |
| Contributions | 10/11 | €7,620,000 | €7,620,000 | = | 0.0% |
| Capital | 10 | €7,620,000 | €7,620,000 | = | 0.0% |
| Issued capital | 100 | €7,620,000 | €7,620,000 | = | 0.0% |
| Revaluation surpluses | 12 | €468,000 | €1,771,529 | +€1.3m | +278.5% |
| Reserves | 13 | €802,484 | €884,459 | +€81,975 | +10.2% |
| Non-distributable reserves | 130/1 | €762,000 | €762,000 | = | 0.0% |
| Legal reserve | 130 | €762,000 | €762,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,484 | €25,877 | -€14,607 | -36.1% |
| Distributable reserves | 133 | - | €96,582 | +€96,582 | |
| Profit (loss) carried forward | 14 | €10,692,827 | €10,926,294 | +€233,467 | +2.2% |
| Provisions and deferred taxes | 16 | €13,495 | €8,626 | -€4,869 | -36.1% |
| Deferred taxes | 168 | €13,495 | €8,626 | -€4,869 | -36.1% |
| Amounts payable | 17/49 | €3,652,255 | €4,553,901 | +€901,646 | +24.7% |
| Amounts payable after more than one year | 17 | €799,814 | €641,399 | -€158,415 | -19.8% |
| Financial debts | 170/4 | €799,814 | €641,399 | -€158,415 | -19.8% |
| Amounts payable within one year | 42/48 | €2,813,778 | €3,835,966 | +€1.0m | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €156,737 | €159,862 | +€3,125 | +2.0% |
| Financial debts | 43 | €129,047 | €933,733 | +€804,685 | +623.6% |
| Credit institutions | 430/8 | €129,047 | €933,733 | +€804,685 | +623.6% |
| Trade debts | 44 | €2,095,230 | €1,869,605 | -€225,625 | -10.8% |
| Suppliers | 440/4 | €2,095,230 | €1,869,605 | -€225,625 | -10.8% |
| Taxes, remuneration and social security | 45 | €389,744 | €225,014 | -€164,730 | -42.3% |
| Taxes | 450/3 | €233,184 | €84,280 | -€148,904 | -63.9% |
| Remuneration and social security | 454/9 | €156,560 | €140,735 | -€15,826 | -10.1% |
| Other amounts payable | 47/48 | €43,020 | €647,752 | +€604,732 | +1405.7% |
| Accrued charges and deferred income | 492/3 | €38,663 | €76,536 | +€37,873 | +98.0% |
| Remuneration, social security and pensions | 62 | €1,875,544 | €1,470,966 | -€404,577 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438,750 | €527,223 | +€88,473 | +20.2% |
| Other operating charges | 640/8 | €37,520 | €21,067 | -€16,453 | -43.9% |
| Gross operating margin | 9900 | €2,207,280 | €1,780,896 | -€426,384 | -19.3% |
| Operating profit (loss) | 9901 | -€144,535 | -€238,361 | -€93,826 | -64.9% |
| Financial income | 75/76B | €345,697 | €1,212,508 | +€866,811 | +250.7% |
| Recurring financial income | 75 | €315,164 | €219,305 | -€95,859 | -30.4% |
| Non-recurring financial income | 76B | €30,533 | €993,203 | +€962,670 | +3152.9% |
| Financial charges | 65/66B | €73,842 | €109,698 | +€35,856 | +48.6% |
| Recurring financial charges | 65 | €73,842 | €94,086 | +€20,244 | +27.4% |
| Non-recurring financial charges | 66B | €0 | €15,612 | +€15,612 | |
| Profit (loss) for the period before taxes | 9903 | €127,320 | €864,449 | +€737,129 | +579.0% |
| Transfer from deferred taxes | 780 | €4,869 | €4,869 | = | 0.0% |
| Income taxes | 67/77 | €27,363 | €2,706 | -€24,657 | -90.1% |
| Profit (loss) for the period | 9904 | €104,826 | €866,612 | +€761,787 | +726.7% |
| Transfer from tax-exempt reserves | 789 | €14,607 | €14,607 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,433 | €881,219 | +€761,787 | +637.8% |
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 8 October 2026 via checked.be.