GAMMA: what changed
What changed
GAMMA
filed annual accounts (NBB)
Net result for the year
€6,947
2024 · €10,449-€3,502
Equity
€250,302
2024 · €243,355+€6,947
Cash
€4,366
2024 · €3,208+€1,158
Balance sheet total
€765,884
2024 · €750,941+€14,944
Largest movements
Assets
- Tangible fixed assets +€13,792
up €13,792 (+16.6%), from €83,021 to €96,813
of which Land and buildings: +€14,266
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Taxes +€2,687
up €2,687 (+175%), from €1,535 to €4,223
- Financial income -€665
down €665 (-17.8%), from €3,736 to €3,072
- Other operating charges -€630
down €630 (-9.3%), from €6,808 to €6,178
- Gross operating margin -€504
down €504 (-2.7%), from €18,400 to €17,896
- Depreciation +€192
up €192 (+8.8%), from €2,185 to €2,377
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,449
Gross operating margin
-€504
Depreciation
-€192
Other operating charges
+€630
Financial income
-€665
Financial charges
-€83
Taxes
-€2,687
Result 2025
€6,947
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,327
Investment
-€16,169
Financing
€0
Cash 2024
€3,208
From operations (derived)
+€17,327
Net result for the year
+€6,947
Depreciation
+€2,377
Deferred charges and accrued income
+€7
Trade debts
+€2,084
Tax, wage and social debts
+€2,582
Other debts
+€3,331
Investment (derived)
-€16,169
Investment in fixed assets (net)
-€16,169
Cash 2025
€4,366
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,941 | €765,884 | +€14,944 | +2.0% |
| Fixed assets | 21/28 | €83,021 | €96,813 | +€13,792 | +16.6% |
| Tangible fixed assets | 22/27 | €83,021 | €96,813 | +€13,792 | +16.6% |
| Land and buildings | 22 | €79,356 | €93,622 | +€14,266 | +18.0% |
| Plant, machinery and equipment | 23 | €3,665 | €3,192 | -€473 | -12.9% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €667,920 | €669,071 | +€1,151 | +0.2% |
| Amounts receivable within one year | 40/41 | €424,456 | €424,456 | = | 0.0% |
| Other amounts receivable | 41 | €424,456 | €424,456 | = | 0.0% |
| Current investments | 50/53 | €239,394 | €239,394 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,208 | €4,366 | +€1,158 | +36.1% |
| Deferred charges and accrued income | 490/1 | €862 | €855 | -€7 | -0.8% |
| Total equity and liabilities | 10/49 | €750,941 | €765,884 | +€14,944 | +2.0% |
| Equity | 10/15 | €243,355 | €250,302 | +€6,947 | +2.9% |
| Contributions | 10/11 | €196,000 | €196,000 | = | 0.0% |
| Capital | 10 | €196,000 | €196,000 | = | 0.0% |
| Issued capital | 100 | €196,000 | €196,000 | = | 0.0% |
| Reserves | 13 | €47,355 | €54,302 | +€6,947 | +14.7% |
| Non-distributable reserves | 130/1 | €19,600 | €19,600 | = | 0.0% |
| Legal reserve | 130 | €19,600 | €19,600 | = | 0.0% |
| Distributable reserves | 133 | €27,755 | €34,702 | +€6,947 | +25.0% |
| Amounts payable | 17/49 | €507,585 | €515,582 | +€7,996 | +1.6% |
| Amounts payable within one year | 42/48 | €507,585 | €515,582 | +€7,996 | +1.6% |
| Trade debts | 44 | - | €2,084 | +€2,084 | |
| Suppliers | 440/4 | - | €2,084 | +€2,084 | |
| Taxes, remuneration and social security | 45 | €1,095 | €3,676 | +€2,582 | +236% |
| Taxes | 450/3 | €1,095 | €3,676 | +€2,582 | +236% |
| Other amounts payable | 47/48 | €506,491 | €509,822 | +€3,331 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,185 | €2,377 | +€192 | +8.8% |
| Other operating charges | 640/8 | €6,808 | €6,178 | -€630 | -9.3% |
| Gross operating margin | 9900 | €18,400 | €17,896 | -€504 | -2.7% |
| Operating profit (loss) | 9901 | €9,408 | €9,341 | -€67 | -0.7% |
| Financial income | 75/76B | €3,736 | €3,072 | -€665 | -17.8% |
| Recurring financial income | 75 | €3,736 | €3,072 | -€665 | -17.8% |
| Financial charges | 65/66B | €1,160 | €1,243 | +€83 | +7.2% |
| Recurring financial charges | 65 | €1,160 | €1,243 | +€83 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €11,984 | €11,170 | -€815 | -6.8% |
| Income taxes | 67/77 | €1,535 | €4,223 | +€2,687 | +175% |
| Profit (loss) for the period | 9904 | €10,449 | €6,947 | -€3,502 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,449 | €6,947 | -€3,502 | -33.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.