GDM 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.
What changed
GDM Motors
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · €632,429-€2.0m
Equity
€5.9m
2024 · €7.2m-€1.3m
Cash
€23,532
2024 · €9,143+€14,389
Balance sheet total
€16.9m
2024 · €16.7m+€216,315
Largest movements
Assets
- Stocks and contracts +€487,601
up €487,601 (+4.9%), from €9.9m to €10.4m
- Receivables within one year -€246,344
down €246,344 (-8.2%), from €3.0m to €2.8m
of which Trade receivables: -€585,421
Equity and liabilities
- Other debts +€1.7m
up €1.7m (+19.5%), from €8.6m to €10.3m
- Profit (loss) carried forward -€1.3m
down €1.3m (-2.3%), from -€58.3m to -€59.7m
Income statement
- Purchases and services +€1.3m
new in 2025: €1.3m
- Gross operating margin -€765,124
down €765,124 (-97.1%), from €787,755 to €22,631
- Financial charges +€649,043
up €649,043 (+115%), from €562,476 to €1.2m
of which Non-recurring financial charges: +€649,624
- Financial income -€643,526
down €643,526 (-98.6%), from €652,372 to €8,846
of which Non-recurring financial income: -€652,335
- Turnover +€379,389
new in 2025: €379,389
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
€632,429
Gross operating margin
-€765,124
Staff costs
-€1,000
Depreciation
+€78,235
Other operating charges
+€9,051
Financial income
-€643,526
Financial charges
-€649,043
Result 2025
-€1.3m
raises the resultlowers the result
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
+€131,299
Investment
-€116,911
Financing
+€1
Cash 2024
€9,143
From operations (derived)
+€131,299
Net result for the year
-€1.3m
Depreciation
+€152,023
Stocks and contracts
-€487,601
Receivables within one year
+€246,344
Deferred charges and accrued income
+€4,219
Trade debts
-€139,634
Tax, wage and social debts
+€9,310
Other debts
+€1.7m
Investment (derived)
-€116,911
Investment in fixed assets (net)
-€116,911
Financing
+€1
Contributions, distributions and other
+€1
Cash 2025
€23,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,681,717 | €16,898,032 | +€216,315 | +1.3% |
| Fixed assets | 21/28 | €3,742,421 | €3,707,309 | -€35,112 | -0.9% |
| Intangible fixed assets | 21 | €530,791 | €469,059 | -€61,732 | -11.6% |
| Tangible fixed assets | 22/27 | €849,476 | €876,097 | +€26,621 | +3.1% |
| Plant, machinery and equipment | 23 | €17,380 | €12,691 | -€4,689 | -27.0% |
| Furniture and vehicles | 24 | €405,180 | €458,967 | +€53,787 | +13.3% |
| Other tangible fixed assets | 26 | €426,916 | €404,439 | -€22,477 | -5.3% |
| Financial fixed assets | 28 | €2,362,154 | €2,362,153 | -€1 | 0.0% |
| Current assets | 29/58 | €12,939,296 | €13,190,723 | +€251,427 | +1.9% |
| Stocks and contracts in progress | 3 | €9,907,707 | €10,395,308 | +€487,601 | +4.9% |
| Stocks | 30/36 | €9,907,707 | €10,395,308 | +€487,601 | +4.9% |
| Amounts receivable within one year | 40/41 | €3,015,789 | €2,769,445 | -€246,344 | -8.2% |
| Trade receivables | 40 | €621,781 | €36,360 | -€585,421 | -94.2% |
| Other amounts receivable | 41 | €2,394,008 | €2,733,085 | +€339,077 | +14.2% |
| Cash at bank and in hand | 54/58 | €9,143 | €23,532 | +€14,389 | +157% |
| Deferred charges and accrued income | 490/1 | €6,657 | €2,438 | -€4,219 | -63.4% |
| Total equity and liabilities | 10/49 | €16,681,717 | €16,898,032 | +€216,315 | +1.3% |
| Equity | 10/15 | €7,245,829 | €5,906,853 | -€1.3m | -18.5% |
| Contributions | 10/11 | €64,871,438 | €64,871,438 | +€0 | 0.0% |
| Capital | 10 | €64,871,438 | €64,871,438 | +€0 | 0.0% |
| Issued capital | 100 | €64,871,438 | €64,871,438 | +€0 | 0.0% |
| Reserves | 13 | €692,147 | €692,147 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €689,916 | €689,916 | +€0 | 0.0% |
| Legal reserve | 130 | €689,916 | €689,916 | +€0 | 0.0% |
| Distributable reserves | 133 | €2,231 | €2,231 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€58,317,755 | -€59,656,732 | -€1.3m | -2.3% |
| Amounts payable | 17/49 | €9,435,888 | €10,991,179 | +€1.6m | +16.5% |
| Amounts payable within one year | 42/48 | €9,435,888 | €10,991,179 | +€1.6m | +16.5% |
| Trade debts | 44 | €801,367 | €661,733 | -€139,634 | -17.4% |
| Suppliers | 440/4 | €507,124 | €661,733 | +€154,609 | +30.5% |
| Bills of exchange payable | 441 | €294,243 | - | -€294,243 | |
| Taxes, remuneration and social security | 45 | €2,777 | €12,087 | +€9,310 | +335% |
| Taxes | 450/3 | €2,777 | €12,087 | +€9,310 | +335% |
| Other amounts payable | 47/48 | €8,631,743 | €10,317,359 | +€1.7m | +19.5% |
| Turnover | 70 | - | €379,389 | +€379,389 | |
| Non-recurring operating income | 76A | €0 | €923,460 | +€923,460 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,280,218 | +€1.3m | |
| Remuneration, social security and pensions | 62 | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,258 | €152,023 | -€78,235 | -34.0% |
| Other operating charges | 640/8 | €14,964 | €5,913 | -€9,051 | -60.5% |
| Gross operating margin | 9900 | €787,755 | €22,631 | -€765,124 | -97.1% |
| Operating profit (loss) | 9901 | €542,533 | -€136,305 | -€678,838 | |
| Financial income | 75/76B | €652,372 | €8,846 | -€643,526 | -98.6% |
| Recurring financial income | 75 | €37 | €8,846 | +€8,809 | +24,096% |
| Non-recurring financial income | 76B | €652,335 | - | -€652,335 | |
| Financial charges | 65/66B | €562,476 | €1,211,518 | +€649,043 | +115% |
| Recurring financial charges | 65 | €830 | €249 | -€581 | -70.0% |
| Non-recurring financial charges | 66B | €561,645 | €1,211,269 | +€649,624 | +116% |
| Profit (loss) for the period before taxes | 9903 | €632,429 | -€1,338,977 | -€2.0m | |
| Profit (loss) for the period | 9904 | €632,429 | -€1,338,977 | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €632,429 | -€1,338,977 | -€2.0m |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.