Long Gamma: 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.
Long Gamma
Largest movements
- Cash -€70,629
down €70,629 (-52.5%), from €134,564 to €63,935
mainly Contributions, distributions and other (-€145,793) and Receivables within one year (-€33,966)
- Receivables within one year +€33,966
up €33,966 (+165%), from €20,646 to €54,611
of which Other amounts receivable: +€21,160
- Current investments -€16,897
down €16,897 (-13.6%), from €123,812 to €106,915
- Tangible fixed assets -€12,076
down €12,076 (-21.4%), from €56,561 to €44,485
of which Furniture and vehicles: -€12,076
- Reserves -€106,220
down €106,220 (-47.2%), from €225,127 to €118,907
- Other debts +€34,603
up €34,603 (+31.0%), from €111,766 to €146,369
- Tax, wage and social debts +€7,875
up €7,875 (+44.8%), from €17,569 to €25,444
- Gross operating margin -€91,340
down €91,340 (-59.4%), from €153,647 to €62,307
- Taxes -€22,435
down €22,435 (-67.9%), from €33,022 to €10,587
- Depreciation +€8,718
up €8,718 (+260%), from €3,358 to €12,076
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 | €375,858 | €310,613 | -€65,245 | -17.4% |
| Fixed assets | 21/28 | €94,649 | €82,573 | -€12,076 | -12.8% |
| Tangible fixed assets | 22/27 | €56,561 | €44,485 | -€12,076 | -21.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €56,561 | €44,485 | -€12,076 | -21.4% |
| Financial fixed assets | 28 | €38,088 | €38,088 | = | 0.0% |
| Current assets | 29/58 | €281,209 | €228,040 | -€53,169 | -18.9% |
| Amounts receivable within one year | 40/41 | €20,646 | €54,611 | +€33,966 | +165% |
| Trade receivables | 40 | €12,239 | €25,044 | +€12,805 | +105% |
| Other amounts receivable | 41 | €8,406 | €29,567 | +€21,160 | +252% |
| Current investments | 50/53 | €123,812 | €106,915 | -€16,897 | -13.6% |
| Cash at bank and in hand | 54/58 | €134,564 | €63,935 | -€70,629 | -52.5% |
| Deferred charges and accrued income | 490/1 | €2,187 | €2,578 | +€391 | +17.9% |
| Total equity and liabilities | 10/49 | €375,858 | €310,613 | -€65,245 | -17.4% |
| Equity | 10/15 | €243,727 | €137,507 | -€106,220 | -43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €225,127 | €118,907 | -€106,220 | -47.2% |
| Distributable reserves | 133 | €225,127 | €118,907 | -€106,220 | -47.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,131 | €173,107 | +€40,975 | +31.0% |
| Amounts payable within one year | 42/48 | €131,520 | €172,296 | +€40,775 | +31.0% |
| Financial debts | 43 | €10 | €16 | +€6 | +59.0% |
| Credit institutions | 430/8 | €10 | €16 | +€6 | +59.0% |
| Trade debts | 44 | €2,175 | €467 | -€1,708 | -78.5% |
| Suppliers | 440/4 | €2,175 | €467 | -€1,708 | -78.5% |
| Taxes, remuneration and social security | 45 | €17,569 | €25,444 | +€7,875 | +44.8% |
| Taxes | 450/3 | €17,569 | €25,444 | +€7,875 | +44.8% |
| Other amounts payable | 47/48 | €111,766 | €146,369 | +€34,603 | +31.0% |
| Accrued charges and deferred income | 492/3 | €611 | €811 | +€200 | +32.7% |
| Non-recurring operating income | 76A | €6,630 | €0 | -€6,630 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,358 | €12,076 | +€8,718 | +260% |
| Other operating charges | 640/8 | €682 | €1,234 | +€552 | +80.9% |
| Gross operating margin | 9900 | €153,647 | €62,307 | -€91,340 | -59.4% |
| Operating profit (loss) | 9901 | €149,606 | €48,996 | -€100,610 | -67.2% |
| Financial income | 75/76B | €1,118 | €2,376 | +€1,258 | +113% |
| Recurring financial income | 75 | €1,118 | €2,376 | +€1,258 | +113% |
| Financial charges | 65/66B | €923 | €1,213 | +€291 | +31.5% |
| Recurring financial charges | 65 | €923 | €1,213 | +€291 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €149,802 | €50,159 | -€99,643 | -66.5% |
| Income taxes | 67/77 | €33,022 | €10,587 | -€22,435 | -67.9% |
| Profit (loss) for the period | 9904 | €116,780 | €39,572 | -€77,207 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,780 | €39,572 | -€77,207 | -66.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.