G-Motors: 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-Motors
Largest movements
- Stocks and contracts -€49,959
down €49,959 (-34.4%), from €145,062 to €95,103
- Tangible fixed assets -€31,335
down €31,335 (-15.0%), from €208,878 to €177,543
of which Furniture and vehicles: -€24,804
- Receivables within one year +€20,050
up €20,050 (+10,844%), from €185 to €20,235
of which Trade receivables: +€20,050
- Cash +€12,033
up €12,033 (+55.9%), from €21,521 to €33,554
mainly Stocks and contracts (+€49,959) and Depreciation (+€37,850)
- Debts after one year -€25,429
down €25,429 (-25.7%), from €98,979 to €73,549
- Profit (loss) carried forward -€18,284
down €18,284, from €1,011 to -€17,273
- Trade debts +€7,867
up €7,867 (+53.7%), from €14,659 to €22,525
- Other debts -€6,341
down €6,341 (-12.4%), from €51,295 to €44,954
- Short-term financial debts -€4,757
down €4,757 (-4.5%), from €104,757 to €100,000
of which Other loans: -€4,757
- Gross operating margin -€37,761
down €37,761 (-24.5%), from €154,173 to €116,412
- Taxes -€2,999
no longer reported in 2025 (was €2,999)
- Staff costs -€2,690
down €2,690 (-3.5%), from €77,501 to €74,812
- Depreciation -€1,860
down €1,860 (-4.7%), from €39,710 to €37,850
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 | €375,645 | €326,435 | -€49,210 | -13.1% |
| Fixed assets | 21/28 | €208,878 | €177,543 | -€31,335 | -15.0% |
| Tangible fixed assets | 22/27 | €208,878 | €177,543 | -€31,335 | -15.0% |
| Land and buildings | 22 | €106,988 | €100,072 | -€6,915 | -6.5% |
| Plant, machinery and equipment | 23 | €2,410 | €2,795 | +€385 | +16.0% |
| Furniture and vehicles | 24 | €99,480 | €74,675 | -€24,804 | -24.9% |
| Current assets | 29/58 | €166,767 | €148,892 | -€17,875 | -10.7% |
| Stocks and contracts in progress | 3 | €145,062 | €95,103 | -€49,959 | -34.4% |
| Stocks | 30/36 | €145,062 | €95,103 | -€49,959 | -34.4% |
| Amounts receivable within one year | 40/41 | €185 | €20,235 | +€20,050 | +10,844% |
| Trade receivables | 40 | - | €20,050 | +€20,050 | |
| Other amounts receivable | 41 | €185 | €185 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,521 | €33,554 | +€12,033 | +55.9% |
| Total equity and liabilities | 10/49 | €375,645 | €326,435 | -€49,210 | -13.1% |
| Equity | 10/15 | €66,837 | €48,552 | -€18,284 | -27.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,234 | €47,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €45,374 | €45,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,011 | -€17,273 | -€18,284 | |
| Amounts payable | 17/49 | €308,808 | €277,883 | -€30,926 | -10.0% |
| Amounts payable after more than one year | 17 | €98,979 | €73,549 | -€25,429 | -25.7% |
| Financial debts | 170/4 | €98,979 | €73,549 | -€25,429 | -25.7% |
| Amounts payable within one year | 42/48 | €209,830 | €204,333 | -€5,496 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €24,402 | €25,407 | +€1,004 | +4.1% |
| Financial debts | 43 | €104,757 | €100,000 | -€4,757 | -4.5% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €4,757 | - | -€4,757 | |
| Trade debts | 44 | €14,659 | €22,525 | +€7,867 | +53.7% |
| Suppliers | 440/4 | €14,659 | €22,525 | +€7,867 | +53.7% |
| Taxes, remuneration and social security | 45 | €14,718 | €11,448 | -€3,270 | -22.2% |
| Taxes | 450/3 | €6,402 | €5,129 | -€1,273 | -19.9% |
| Remuneration and social security | 454/9 | €8,316 | €6,319 | -€1,997 | -24.0% |
| Other amounts payable | 47/48 | €51,295 | €44,954 | -€6,341 | -12.4% |
| Remuneration, social security and pensions | 62 | €77,501 | €74,812 | -€2,690 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,710 | €37,850 | -€1,860 | -4.7% |
| Other operating charges | 640/8 | €10,612 | €10,163 | -€449 | -4.2% |
| Gross operating margin | 9900 | €154,173 | €116,412 | -€37,761 | -24.5% |
| Operating profit (loss) | 9901 | €26,350 | -€6,413 | -€32,762 | |
| Financial income | 75/76B | €141 | €11 | -€131 | -92.4% |
| Recurring financial income | 75 | €141 | €11 | -€131 | -92.4% |
| Financial charges | 65/66B | €12,846 | €11,882 | -€964 | -7.5% |
| Recurring financial charges | 65 | €12,846 | €11,882 | -€964 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €13,645 | -€18,284 | -€31,930 | |
| Income taxes | 67/77 | €2,999 | - | -€2,999 | |
| Profit (loss) for the period | 9904 | €10,646 | -€18,284 | -€28,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,646 | -€18,284 | -€28,931 |
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 1 November 2026 via checked.be.