G.M.E. ADVIES: 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.E. ADVIES
Largest movements
- Tangible fixed assets -€18,849
down €18,849 (-8.2%), from €228,935 to €210,086
of which Furniture and vehicles: -€12,508
- Receivables within one year +€5,045
up €5,045 (+32.1%), from €15,722 to €20,766
of which Other amounts receivable: +€5,136
- Short-term financial debts -€18,386
down €18,386 (-32.7%), from €56,250 to €37,864
- Reserves +€4,908
up €4,908 (+2.2%), from €225,754 to €230,662
- Current portion of long-term debt -€3,940
down €3,940 (-100%), from €3,940 to €0
- Financial charges -€1,967
down €1,967 (-42.2%), from €4,666 to €2,699
- Gross operating margin +€1,742
up €1,742 (+2.3%), from €75,208 to €76,950
- Taxes +€1,549
up €1,549 (+8.9%), from €17,312 to €18,860
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 | €306,079 | €289,489 | -€16,591 | -5.4% |
| Fixed assets | 21/28 | €228,935 | €210,086 | -€18,849 | -8.2% |
| Tangible fixed assets | 22/27 | €228,935 | €210,086 | -€18,849 | -8.2% |
| Furniture and vehicles | 24 | €25,520 | €13,012 | -€12,508 | -49.0% |
| Other tangible fixed assets | 26 | €203,415 | €197,074 | -€6,341 | -3.1% |
| Current assets | 29/58 | €77,144 | €79,403 | +€2,259 | +2.9% |
| Amounts receivable within one year | 40/41 | €15,722 | €20,766 | +€5,045 | +32.1% |
| Trade receivables | 40 | €15,718 | €15,627 | -€91 | -0.6% |
| Other amounts receivable | 41 | €4 | €5,140 | +€5,136 | +132,024% |
| Cash at bank and in hand | 54/58 | €59,283 | €56,651 | -€2,632 | -4.4% |
| Deferred charges and accrued income | 490/1 | €2,140 | €1,986 | -€154 | -7.2% |
| Total equity and liabilities | 10/49 | €306,079 | €289,489 | -€16,591 | -5.4% |
| Equity | 10/15 | €231,954 | €236,862 | +€4,908 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,754 | €230,662 | +€4,908 | +2.2% |
| Distributable reserves | 133 | €225,754 | €230,662 | +€4,908 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,125 | €52,626 | -€21,499 | -29.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €74,125 | €52,626 | -€21,499 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €3,940 | €0 | -€3,940 | -100% |
| Financial debts | 43 | €56,250 | €37,864 | -€18,386 | -32.7% |
| Credit institutions | 430/8 | €56,250 | €37,864 | -€18,386 | -32.7% |
| Trade debts | 44 | €397 | €516 | +€119 | +30.0% |
| Suppliers | 440/4 | €397 | €516 | +€119 | +30.0% |
| Taxes, remuneration and social security | 45 | €10,756 | €11,431 | +€676 | +6.3% |
| Taxes | 450/3 | €10,696 | €11,431 | +€736 | +6.9% |
| Remuneration and social security | 454/9 | €60 | €0 | -€60 | -100% |
| Other amounts payable | 47/48 | €2,782 | €2,815 | +€33 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,325 | €20,159 | -€166 | -0.8% |
| Other operating charges | 640/8 | €1,647 | €1,941 | +€294 | +17.9% |
| Gross operating margin | 9900 | €75,208 | €76,950 | +€1,742 | +2.3% |
| Operating profit (loss) | 9901 | €53,236 | €54,849 | +€1,613 | +3.0% |
| Financial income | 75/76B | €24 | €39 | +€15 | +64.2% |
| Recurring financial income | 75 | €24 | €39 | +€15 | +64.2% |
| Financial charges | 65/66B | €4,666 | €2,699 | -€1,967 | -42.2% |
| Recurring financial charges | 65 | €4,666 | €2,699 | -€1,967 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €48,594 | €52,189 | +€3,595 | +7.4% |
| Income taxes | 67/77 | €17,312 | €18,860 | +€1,549 | +8.9% |
| Profit (loss) for the period | 9904 | €31,282 | €33,329 | +€2,047 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,282 | €33,329 | +€2,047 | +6.5% |
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 21 October 2026 via checked.be.