G M 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 Technics
Largest movements
- Receivables within one year -€22,421
down €22,421 (-81.5%), from €27,527 to €5,106
of which Trade receivables: -€20,778
- Tangible fixed assets -€9,394
down €9,394 (-17.6%), from €53,495 to €44,101
of which Furniture and vehicles: -€9,039
- Cash +€5,465
up €5,465 (+15.1%), from €36,207 to €41,673
mainly Net result for the year (+€31,624) and Receivables within one year (+€22,421)
- Tax, wage and social debts -€39,294
down €39,294 (-85.5%), from €45,936 to €6,642
of which Taxes: -€42,154
- Reserves +€31,624
up €31,624 (+95.1%), from €33,239 to €64,864
- Other debts -€20,081
down €20,081 (-62.9%), from €31,944 to €11,863
- Trade debts +€1,465
up €1,465 (+130%), from €1,124 to €2,589
- Depreciation +€2,875
up €2,875 (+20.4%), from €14,113 to €16,988
- Gross operating margin +€1,521
up €1,521 (+2.5%), from €61,834 to €63,355
- Taxes -€1,468
down €1,468 (-11.1%), from €13,250 to €11,782
- Financial charges -€1,291
down €1,291 (-40.9%), from €3,155 to €1,864
- Staff costs -€1,223
no longer reported in 2025 (was €1,223)
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 | €118,443 | €92,157 | -€26,286 | -22.2% |
| Fixed assets | 21/28 | €53,495 | €44,101 | -€9,394 | -17.6% |
| Tangible fixed assets | 22/27 | €53,495 | €44,101 | -€9,394 | -17.6% |
| Plant, machinery and equipment | 23 | €20,264 | €19,908 | -€356 | -1.8% |
| Furniture and vehicles | 24 | €33,231 | €24,192 | -€9,039 | -27.2% |
| Current assets | 29/58 | €64,948 | €48,057 | -€16,892 | -26.0% |
| Amounts receivable within one year | 40/41 | €27,527 | €5,106 | -€22,421 | -81.5% |
| Trade receivables | 40 | €21,769 | €991 | -€20,778 | -95.4% |
| Other amounts receivable | 41 | €5,758 | €4,115 | -€1,643 | -28.5% |
| Cash at bank and in hand | 54/58 | €36,207 | €41,673 | +€5,465 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,214 | €1,278 | +€64 | +5.3% |
| Total equity and liabilities | 10/49 | €118,443 | €92,157 | -€26,286 | -22.2% |
| Equity | 10/15 | €39,439 | €71,064 | +€31,624 | +80.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,239 | €64,864 | +€31,624 | +95.1% |
| Distributable reserves | 133 | €33,239 | €64,864 | +€31,624 | +95.1% |
| Amounts payable | 17/49 | €79,004 | €21,094 | -€57,910 | -73.3% |
| Amounts payable within one year | 42/48 | €79,004 | €21,094 | -€57,910 | -73.3% |
| Trade debts | 44 | €1,124 | €2,589 | +€1,465 | +130% |
| Suppliers | 440/4 | €1,124 | €2,589 | +€1,465 | +130% |
| Taxes, remuneration and social security | 45 | €45,936 | €6,642 | -€39,294 | -85.5% |
| Taxes | 450/3 | €45,936 | €3,782 | -€42,154 | -91.8% |
| Remuneration and social security | 454/9 | - | €2,860 | +€2,860 | |
| Other amounts payable | 47/48 | €31,944 | €11,863 | -€20,081 | -62.9% |
| Remuneration, social security and pensions | 62 | €1,223 | - | -€1,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,113 | €16,988 | +€2,875 | +20.4% |
| Other operating charges | 640/8 | €1,218 | €1,097 | -€121 | -9.9% |
| Gross operating margin | 9900 | €61,834 | €63,355 | +€1,521 | +2.5% |
| Operating profit (loss) | 9901 | €45,280 | €45,270 | -€10 | 0.0% |
| Financial charges | 65/66B | €3,155 | €1,864 | -€1,291 | -40.9% |
| Recurring financial charges | 65 | €3,155 | €1,864 | -€1,291 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €42,125 | €43,406 | +€1,281 | +3.0% |
| Income taxes | 67/77 | €13,250 | €11,782 | -€1,468 | -11.1% |
| Profit (loss) for the period | 9904 | €28,875 | €31,624 | +€2,749 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,875 | €31,624 | +€2,749 | +9.5% |
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 20 October 2026 via checked.be.