G.M.M.C.: 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.
What changed
G.M.M.C.
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€86,508
2024 · -€120,838+€207,346
Equity
€2.2m
2024 · €2.1m+€86,508
Cash
€48,493
2024 · €41,000+€7,493
Balance sheet total
€7.6m
2024 · €8.0m-€452,505
Largest movements
Assets
- Tangible fixed assets -€726,987
down €726,987 (-12.0%), from €6.0m to €5.3m
of which Land and buildings: -€713,158
- Receivables within one year +€266,652
up €266,652 (+13.9%), from €1.9m to €2.2m
of which Trade receivables: +€425,999
Equity and liabilities
- Other debts -€526,863
down €526,863 (-66.3%), from €795,204 to €268,341
- Short-term financial debts -€370,008
down €370,008 (-10.3%), from €3.6m to €3.2m
- Accrued charges and deferred income +€365,231
up €365,231, from €0 to €365,231
- Profit (loss) carried forward +€91,012
up €91,012 (+23.4%), from -€388,235 to -€297,223
Income statement
- Gross operating margin +€209,541
up €209,541 (+46.1%), from €454,554 to €664,095
- Financial charges -€80,633
down €80,633 (-34.4%), from €234,698 to €154,065
- Other operating charges -€16,929
down €16,929 (-51.0%), from €33,180 to €16,251
- Taxes +€16,322
up €16,322 (+8,307%), from €196 to €16,518
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.
Result 2024
-€120,838
Gross operating margin
+€209,541
Depreciation
-€4,693
Other operating charges
+€16,929
Other operating items
-€77,769
Financial income
-€972
Financial charges
+€80,633
Taxes
-€16,322
Result 2025
€86,508
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€69,394
Investment
+€370,449
Financing
-€432,350
Cash 2024
€41,000
From operations (derived)
+€69,394
Net result for the year
+€86,508
Depreciation
+€356,538
Receivables within one year
-€266,652
Smaller working-capital items
+€599
Provisions
-€2,320
Trade debts
+€15,464
Tax, wage and social debts
+€40,889
Other debts
-€526,863
Accrued charges and deferred income
+€365,231
Investment (derived)
+€370,449
Investment in fixed assets (net)
+€370,449
Financing
-€432,350
Debts after one year
-€63,800
Current portion of long-term debt
+€1,459
Short-term financial debts
-€370,008
Cash 2025
€48,493
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,009,540 | €7,557,035 | -€452,505 | -5.6% |
| Fixed assets | 21/28 | €6,038,048 | €5,311,061 | -€726,987 | -12.0% |
| Tangible fixed assets | 22/27 | €6,037,098 | €5,310,111 | -€726,987 | -12.0% |
| Land and buildings | 22 | €5,544,232 | €4,831,073 | -€713,158 | -12.9% |
| Plant, machinery and equipment | 23 | €20,508 | €15,111 | -€5,397 | -26.3% |
| Furniture and vehicles | 24 | €185,696 | €175,664 | -€10,031 | -5.4% |
| Other tangible fixed assets | 26 | €286,663 | €288,263 | +€1,600 | +0.6% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €1,971,492 | €2,245,974 | +€274,482 | +13.9% |
| Amounts receivable within one year | 40/41 | €1,923,311 | €2,189,964 | +€266,652 | +13.9% |
| Trade receivables | 40 | €487,350 | €913,349 | +€425,999 | +87.4% |
| Other amounts receivable | 41 | €1,435,961 | €1,276,614 | -€159,347 | -11.1% |
| Cash at bank and in hand | 54/58 | €41,000 | €48,493 | +€7,493 | +18.3% |
| Deferred charges and accrued income | 490/1 | €7,181 | €7,517 | +€336 | +4.7% |
| Total equity and liabilities | 10/49 | €8,009,540 | €7,557,035 | -€452,505 | -5.6% |
| Equity | 10/15 | €2,104,285 | €2,190,793 | +€86,508 | +4.1% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,005,000 | €1,005,000 | = | 0.0% |
| Reserves | 13 | €87,520 | €83,016 | -€4,504 | -5.1% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,689 | €63,185 | -€4,504 | -6.7% |
| Profit (loss) carried forward | 14 | -€388,235 | -€297,223 | +€91,012 | +23.4% |
| Provisions and deferred taxes | 16 | €34,861 | €32,541 | -€2,320 | -6.7% |
| Deferred taxes | 168 | €34,861 | €32,541 | -€2,320 | -6.7% |
| Amounts payable | 17/49 | €5,870,394 | €5,333,702 | -€536,693 | -9.1% |
| Amounts payable after more than one year | 17 | €1,233,603 | €1,169,803 | -€63,800 | -5.2% |
| Financial debts | 170/4 | €1,233,603 | €1,169,803 | -€63,800 | -5.2% |
| Amounts payable within one year | 42/48 | €4,636,791 | €3,798,668 | -€838,124 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €62,341 | €63,800 | +€1,459 | +2.3% |
| Financial debts | 43 | €3,593,508 | €3,223,500 | -€370,008 | -10.3% |
| Credit institutions | 430/8 | €3,593,508 | €3,223,500 | -€370,008 | -10.3% |
| Trade debts | 44 | €107,799 | €123,263 | +€15,464 | +14.3% |
| Suppliers | 440/4 | €107,799 | €123,263 | +€15,464 | +14.3% |
| Advances received on contracts in progress | 46 | €100 | €1,036 | +€936 | +936% |
| Taxes, remuneration and social security | 45 | €77,839 | €118,728 | +€40,889 | +52.5% |
| Taxes | 450/3 | €77,839 | €118,728 | +€40,889 | +52.5% |
| Other amounts payable | 47/48 | €795,204 | €268,341 | -€526,863 | -66.3% |
| Accrued charges and deferred income | 492/3 | €0 | €365,231 | +€365,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,844 | €356,538 | +€4,693 | +1.3% |
| Other operating charges | 640/8 | €33,180 | €16,251 | -€16,929 | -51.0% |
| Non-recurring operating charges | 66A | - | €77,769 | +€77,769 | |
| Gross operating margin | 9900 | €454,554 | €664,095 | +€209,541 | +46.1% |
| Operating profit (loss) | 9901 | €69,530 | €213,537 | +€144,007 | +207% |
| Financial income | 75/76B | €42,206 | €41,234 | -€972 | -2.3% |
| Recurring financial income | 75 | €42,206 | €41,234 | -€972 | -2.3% |
| Financial charges | 65/66B | €234,698 | €154,065 | -€80,633 | -34.4% |
| Recurring financial charges | 65 | €234,698 | €154,065 | -€80,633 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€122,962 | €100,706 | +€223,668 | |
| Transfer from deferred taxes | 780 | €2,320 | €2,320 | = | 0.0% |
| Income taxes | 67/77 | €196 | €16,518 | +€16,322 | +8,307% |
| Profit (loss) for the period | 9904 | -€120,838 | €86,508 | +€207,346 | |
| Transfer from tax-exempt reserves | 789 | €4,504 | €4,504 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,334 | €91,012 | +€207,346 |
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 23 October 2026 via checked.be.