G.M.A. TECHNICS: 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.
G.M.A. TECHNICS
Largest movements
- Cash +€109,349
up €109,349 (+3,799%), from €2,879 to €112,228
mainly Net result for the year (+€57,136) and Tax, wage and social debts (+€35,953)
- Receivables within one year -€13,365
down €13,365 (-34.1%), from €39,171 to €25,805
of which Trade receivables: -€6,783
- Tangible fixed assets -€8,092
down €8,092 (-39.5%), from €20,506 to €12,414
of which Leasing and similar rights: -€6,092
- Deferred charges and accrued income +€1,695
up €1,695 (+191%), from €886 to €2,582
- Reserves +€57,136
up €57,136 (+158%), from €36,113 to €93,250
of which Distributable reserves: +€58,996
- Tax, wage and social debts +€35,953
up €35,953 (+5,832%), from €616 to €36,569
of which Taxes: +€28,778
- Debts after one year -€3,892
no longer reported in 2025 (was €3,892)
- Current portion of long-term debt -€2,340
down €2,340 (-37.6%), from €6,233 to €3,892
- Trade debts +€2,008
up €2,008 (+29.4%), from €6,838 to €8,846
- Gross operating margin +€140,970
up €140,970 (+922%), from €15,288 to €156,258
- Staff costs +€57,825
up €57,825 (+4,888%), from €1,183 to €59,008
- Taxes +€28,599
up €28,599 (+4,639%), from €616 to €29,216
- Depreciation +€2,000
up €2,000 (+32.8%), from €6,092 to €8,092
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 | €68,411 | €157,498 | +€89,087 | +130% |
| Fixed assets | 21/28 | €23,976 | €15,884 | -€8,092 | -33.8% |
| Tangible fixed assets | 22/27 | €20,506 | €12,414 | -€8,092 | -39.5% |
| Furniture and vehicles | 24 | €11,876 | €9,876 | -€2,000 | -16.8% |
| Leasing and similar rights | 25 | €8,630 | €2,538 | -€6,092 | -70.6% |
| Financial fixed assets | 28 | €3,470 | €3,470 | = | 0.0% |
| Current assets | 29/58 | €44,435 | €141,614 | +€97,179 | +219% |
| Stocks and contracts in progress | 3 | €1,500 | €1,000 | -€500 | -33.3% |
| Stocks | 30/36 | €1,500 | €1,000 | -€500 | -33.3% |
| Amounts receivable within one year | 40/41 | €39,171 | €25,805 | -€13,365 | -34.1% |
| Trade receivables | 40 | €29,220 | €22,437 | -€6,783 | -23.2% |
| Other amounts receivable | 41 | €9,951 | €3,368 | -€6,583 | -66.2% |
| Cash at bank and in hand | 54/58 | €2,879 | €112,228 | +€109,349 | +3,799% |
| Deferred charges and accrued income | 490/1 | €886 | €2,582 | +€1,695 | +191% |
| Total equity and liabilities | 10/49 | €68,411 | €157,498 | +€89,087 | +130% |
| Equity | 10/15 | €50,832 | €107,968 | +€57,136 | +112% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €36,113 | €93,250 | +€57,136 | +158% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €34,253 | €93,250 | +€58,996 | +172% |
| Profit (loss) carried forward | 14 | €518 | €518 | = | 0.0% |
| Amounts payable | 17/49 | €17,580 | €49,530 | +€31,950 | +182% |
| Amounts payable after more than one year | 17 | €3,892 | - | -€3,892 | |
| Financial debts | 170/4 | €3,892 | - | -€3,892 | |
| Amounts payable within one year | 42/48 | €13,687 | €49,530 | +€35,843 | +262% |
| Current portion of amounts payable after more than one year | 42 | €6,233 | €3,892 | -€2,340 | -37.6% |
| Trade debts | 44 | €6,838 | €8,846 | +€2,008 | +29.4% |
| Suppliers | 440/4 | €6,838 | €8,846 | +€2,008 | +29.4% |
| Taxes, remuneration and social security | 45 | €616 | €36,569 | +€35,953 | +5,832% |
| Taxes | 450/3 | €616 | €29,395 | +€28,778 | +4,668% |
| Remuneration and social security | 454/9 | - | €7,175 | +€7,175 | |
| Other amounts payable | 47/48 | - | €223 | +€223 | |
| Remuneration, social security and pensions | 62 | €1,183 | €59,008 | +€57,825 | +4,888% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,092 | €8,092 | +€2,000 | +32.8% |
| Other operating charges | 640/8 | €1,815 | €1,298 | -€517 | -28.5% |
| Gross operating margin | 9900 | €15,288 | €156,258 | +€140,970 | +922% |
| Operating profit (loss) | 9901 | €6,198 | €87,860 | +€81,663 | +1,318% |
| Financial income | 75/76B | €409 | €0 | -€409 | -100.0% |
| Recurring financial income | 75 | €409 | €0 | -€409 | -100.0% |
| Financial charges | 65/66B | €737 | €1,508 | +€771 | +105% |
| Recurring financial charges | 65 | €737 | €1,508 | +€771 | +105% |
| Profit (loss) for the period before taxes | 9903 | €5,870 | €86,352 | +€80,483 | +1,371% |
| Income taxes | 67/77 | €616 | €29,216 | +€28,599 | +4,639% |
| Profit (loss) for the period | 9904 | €5,253 | €57,136 | +€51,883 | +988% |
| Profit (loss) for the period to be appropriated | 9905 | €5,253 | €57,136 | +€51,883 | +988% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.