G & M TRADING: 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 TRADING
Largest movements
- Cash -€77,061
down €77,061 (-26.1%), from €295,635 to €218,574
mainly Contributions, distributions and other (-€50,000) and Short-term financial debts (-€31,500)
- Receivables within one year +€15,412
up €15,412 (+12.3%), from €124,828 to €140,240
of which Trade receivables: +€42,484
- Short-term financial debts -€31,500
down €31,500 (-50.4%), from €62,500 to €31,000
- Reserves -€26,296
down €26,296 (-11.2%), from €234,958 to €208,662
- Profit (loss) carried forward -€15,042
down €15,042 (-33.9%), from €44,359 to €29,317
- Trade debts +€7,206
up €7,206 (+95.7%), from €7,532 to €14,738
- Gross operating margin +€13,378
up €13,378, from -€955 to €12,423
- Financial income -€4,016
down €4,016 (-39.1%), from €10,276 to €6,260
- Taxes +€3,914
up €3,914 (+143%), from €2,744 to €6,658
- Depreciation -€501
no longer reported in 2025 (was €501)
- Financial charges +€430
up €430 (+33.6%), from €1,279 to €1,709
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 | €421,398 | €359,606 | -€61,792 | -14.7% |
| Fixed assets | 21/28 | €63 | - | -€63 | |
| Tangible fixed assets | 22/27 | €63 | - | -€63 | |
| Furniture and vehicles | 24 | €63 | - | -€63 | |
| Current assets | 29/58 | €421,335 | €359,606 | -€61,729 | -14.7% |
| Amounts receivable within one year | 40/41 | €124,828 | €140,240 | +€15,412 | +12.3% |
| Trade receivables | 40 | - | €42,484 | +€42,484 | |
| Other amounts receivable | 41 | €124,828 | €97,756 | -€27,072 | -21.7% |
| Cash at bank and in hand | 54/58 | €295,635 | €218,574 | -€77,061 | -26.1% |
| Deferred charges and accrued income | 490/1 | €872 | €792 | -€81 | -9.2% |
| Total equity and liabilities | 10/49 | €421,398 | €359,606 | -€61,792 | -14.7% |
| Equity | 10/15 | €297,867 | €256,529 | -€41,338 | -13.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €234,958 | €208,662 | -€26,296 | -11.2% |
| Distributable reserves | 133 | €234,958 | €208,662 | -€26,296 | -11.2% |
| Profit (loss) carried forward | 14 | €44,359 | €29,317 | -€15,042 | -33.9% |
| Amounts payable | 17/49 | €123,532 | €103,078 | -€20,454 | -16.6% |
| Amounts payable within one year | 42/48 | €122,617 | €102,288 | -€20,329 | -16.6% |
| Financial debts | 43 | €62,500 | €31,000 | -€31,500 | -50.4% |
| Credit institutions | 430/8 | €62,500 | €31,000 | -€31,500 | -50.4% |
| Trade debts | 44 | €7,532 | €14,738 | +€7,206 | +95.7% |
| Suppliers | 440/4 | €7,532 | €14,738 | +€7,206 | +95.7% |
| Taxes, remuneration and social security | 45 | €2,585 | €6,515 | +€3,930 | +152% |
| Taxes | 450/3 | €2,585 | €6,515 | +€3,930 | +152% |
| Other amounts payable | 47/48 | €50,000 | €50,035 | +€35 | +0.1% |
| Accrued charges and deferred income | 492/3 | €914 | €789 | -€125 | -13.7% |
| Non-recurring operating income | 76A | - | €182 | +€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | - | -€501 | |
| Other operating charges | 640/8 | €1,453 | €1,653 | +€200 | +13.8% |
| Gross operating margin | 9900 | -€955 | €12,423 | +€13,378 | |
| Operating profit (loss) | 9901 | -€2,910 | €10,769 | +€13,679 | |
| Financial income | 75/76B | €10,276 | €6,260 | -€4,016 | -39.1% |
| Recurring financial income | 75 | €10,276 | €6,260 | -€4,016 | -39.1% |
| Financial charges | 65/66B | €1,279 | €1,709 | +€430 | +33.6% |
| Recurring financial charges | 65 | €1,279 | €1,709 | +€430 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €6,087 | €15,320 | +€9,233 | +152% |
| Income taxes | 67/77 | €2,744 | €6,658 | +€3,914 | +143% |
| Profit (loss) for the period | 9904 | €3,343 | €8,662 | +€5,319 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €3,343 | €8,662 | +€5,319 | +159% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.