G.D.M SPRL: what changed
G.D.M SPRL
Largest movements
- Receivables within one year +€80,700
up €80,700 (+245%), from €32,880 to €113,580
- Tangible fixed assets +€49,897
up €49,897 (+59.8%), from €83,457 to €133,355
of which Plant, machinery and equipment: +€27,786
- Cash -€32,153
down €32,153 (-71.8%), from €44,754 to €12,601
mainly Receivables within one year (-€80,700) and Investment in fixed assets (net) (-€66,125)
- Stocks and contracts -€4,225
down €4,225 (-25.4%), from €16,630 to €12,405
- Trade debts +€105,619
up €105,619 (+64.1%), from €164,779 to €270,398
- Profit (loss) carried forward -€15,493
down €15,493 (-45.5%), from -€34,037 to -€49,529
- Tax, wage and social debts +€4,093
up €4,093 (+123%), from €3,323 to €7,416
- Gross operating margin -€77,832
down €77,832 (-20.6%), from €378,432 to €300,600
- Staff costs -€57,894
down €57,894 (-17.5%), from €330,683 to €272,789
- Other operating charges +€5,298
new in 2025: €5,298
- Financial charges +€4,154
up €4,154 (+24.2%), from €17,177 to €21,331
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,721 | €271,940 | +€94,219 | +53.0% |
| Fixed assets | 21/28 | €83,457 | €133,355 | +€49,897 | +59.8% |
| Tangible fixed assets | 22/27 | €83,457 | €133,355 | +€49,897 | +59.8% |
| Plant, machinery and equipment | 23 | €81,187 | €108,973 | +€27,786 | +34.2% |
| Furniture and vehicles | 24 | €2,270 | €24,382 | +€22,111 | +974% |
| Current assets | 29/58 | €94,264 | €138,585 | +€44,322 | +47.0% |
| Stocks and contracts in progress | 3 | €16,630 | €12,405 | -€4,225 | -25.4% |
| Stocks | 30/36 | €16,630 | €12,405 | -€4,225 | -25.4% |
| Amounts receivable within one year | 40/41 | €32,880 | €113,580 | +€80,700 | +245% |
| Other amounts receivable | 41 | €32,880 | €113,580 | +€80,700 | +245% |
| Cash at bank and in hand | 54/58 | €44,754 | €12,601 | -€32,153 | -71.8% |
| Total equity and liabilities | 10/49 | €177,721 | €271,940 | +€94,219 | +53.0% |
| Equity | 10/15 | €123 | -€15,369 | -€15,493 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,560 | €15,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,700 | €13,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,037 | -€49,529 | -€15,493 | -45.5% |
| Amounts payable | 17/49 | €177,598 | €287,310 | +€109,712 | +61.8% |
| Amounts payable within one year | 42/48 | €177,598 | €287,310 | +€109,712 | +61.8% |
| Trade debts | 44 | €164,779 | €270,398 | +€105,619 | +64.1% |
| Suppliers | 440/4 | €164,779 | €270,398 | +€105,619 | +64.1% |
| Taxes, remuneration and social security | 45 | €3,323 | €7,416 | +€4,093 | +123% |
| Taxes | 450/3 | €3,323 | €7,416 | +€4,093 | +123% |
| Other amounts payable | 47/48 | €9,496 | €9,496 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €330,683 | €272,789 | -€57,894 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,178 | €16,227 | +€3,050 | +23.1% |
| Other operating charges | 640/8 | - | €5,298 | +€5,298 | |
| Gross operating margin | 9900 | €378,432 | €300,600 | -€77,832 | -20.6% |
| Operating profit (loss) | 9901 | €34,571 | €6,286 | -€28,286 | -81.8% |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Non-recurring financial income | 76B | - | €223 | +€223 | |
| Financial charges | 65/66B | €17,177 | €21,331 | +€4,154 | +24.2% |
| Recurring financial charges | 65 | €17,177 | €21,331 | +€4,154 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €17,394 | -€14,823 | -€32,217 | |
| Income taxes | 67/77 | €132 | €670 | +€539 | +408% |
| Profit (loss) for the period | 9904 | €17,262 | -€15,493 | -€32,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,262 | -€15,493 | -€32,755 |
Next steps
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.