G & M EQUIPMENT: 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 EQUIPMENT
Largest movements
- Receivables within one year +€116,518
up €116,518 (+245%), from €47,644 to €164,161
of which Trade receivables: +€102,256
- Cash +€13,611
up €13,611 (+28,916%), from €47 to €13,658
mainly Other debts (+€62,713) and Trade debts (+€44,043)
- Other debts +€62,713
up €62,713 (+60.3%), from €104,027 to €166,740
- Trade debts +€44,043
up €44,043 (+151%), from €29,255 to €73,298
- Short-term financial debts +€13,017
up €13,017 (+242%), from €5,378 to €18,395
- Profit (loss) carried forward +€10,607
up €10,607 (+136%), from €7,821 to €18,428
- Gross operating margin +€37,474
up €37,474, from -€6,632 to €30,842
- Financial charges +€11,261
up €11,261 (+381%), from €2,956 to €14,217
- Taxes +€4,227
up €4,227 (+1,106%), from €382 to €4,609
- Depreciation -€560
down €560 (-54.5%), from €1,027 to €467
- Financial income +€397
up €397 (+943%), from €42 to €439
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 | €210,447 | €340,109 | +€129,661 | +61.6% |
| Fixed assets | 21/28 | €568 | €100 | -€467 | -82.3% |
| Tangible fixed assets | 22/27 | €493 | €26 | -€467 | -94.8% |
| Furniture and vehicles | 24 | €493 | €26 | -€467 | -94.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €209,880 | €340,008 | +€130,129 | +62.0% |
| Stocks and contracts in progress | 3 | €162,189 | €162,189 | = | 0.0% |
| Stocks | 30/36 | €162,189 | €162,189 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,644 | €164,161 | +€116,518 | +245% |
| Trade receivables | 40 | €41,471 | €143,728 | +€102,256 | +247% |
| Other amounts receivable | 41 | €6,172 | €20,434 | +€14,262 | +231% |
| Cash at bank and in hand | 54/58 | €47 | €13,658 | +€13,611 | +28,916% |
| Total equity and liabilities | 10/49 | €210,447 | €340,109 | +€129,661 | +61.6% |
| Equity | 10/15 | €67,821 | €78,428 | +€10,607 | +15.6% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,821 | €18,428 | +€10,607 | +136% |
| Amounts payable | 17/49 | €142,627 | €261,681 | +€119,054 | +83.5% |
| Amounts payable within one year | 42/48 | €142,627 | €261,681 | +€119,054 | +83.5% |
| Financial debts | 43 | €5,378 | €18,395 | +€13,017 | +242% |
| Credit institutions | 430/8 | €5,378 | €18,395 | +€13,017 | +242% |
| Trade debts | 44 | €29,255 | €73,298 | +€44,043 | +151% |
| Suppliers | 440/4 | €29,255 | €73,298 | +€44,043 | +151% |
| Taxes, remuneration and social security | 45 | €3,966 | €3,248 | -€718 | -18.1% |
| Taxes | 450/3 | €1,452 | €3,248 | +€1,796 | +124% |
| Remuneration and social security | 454/9 | €2,515 | €0 | -€2,515 | -100% |
| Other amounts payable | 47/48 | €104,027 | €166,740 | +€62,713 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,027 | €467 | -€560 | -54.5% |
| Other operating charges | 640/8 | €1,693 | €1,380 | -€314 | -18.5% |
| Gross operating margin | 9900 | -€6,632 | €30,842 | +€37,474 | |
| Operating profit (loss) | 9901 | -€9,353 | €28,994 | +€38,347 | |
| Financial income | 75/76B | €42 | €439 | +€397 | +943% |
| Recurring financial income | 75 | €42 | €439 | +€397 | +943% |
| Financial charges | 65/66B | €2,956 | €14,217 | +€11,261 | +381% |
| Recurring financial charges | 65 | €2,956 | €14,217 | +€11,261 | +381% |
| Profit (loss) for the period before taxes | 9903 | -€12,266 | €15,216 | +€27,483 | |
| Income taxes | 67/77 | €382 | €4,609 | +€4,227 | +1,106% |
| Profit (loss) for the period | 9904 | -€12,649 | €10,607 | +€23,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,649 | €10,607 | +€23,256 |
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 24 October 2026 via checked.be.