GDM Organisation: 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.
GDM Organisation
Largest movements
- Tangible fixed assets +€196,246
up €196,246 (+13.9%), from €1.4m to €1.6m
of which Plant, machinery and equipment: +€327,728
- Cash -€177,486
down €177,486 (-25.1%), from €707,664 to €530,178
mainly Investment in fixed assets (net) (-€800,843) and Debts after one year (-€324,113)
- Debts after one year -€324,113
down €324,113 (-8.3%), from €3.9m to €3.6m
- Profit (loss) carried forward +€193,307
up €193,307 (+8.4%), from -€2.3m to -€2.1m
- Advances received +€101,443
up €101,443, from €0 to €101,443
- Trade debts +€38,719
up €38,719 (+97.1%), from €39,879 to €78,598
- Gross operating margin +€130,476
up €130,476 (+9.9%), from €1.3m to €1.4m
- Depreciation -€68,144
down €68,144 (-10.1%), from €673,991 to €605,846
- Staff costs -€55,618
down €55,618 (-8.3%), from €667,405 to €611,787
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 | €2,295,654 | €2,304,771 | +€9,117 | +0.4% |
| Fixed assets | 21/28 | €1,415,122 | €1,610,118 | +€194,996 | +13.8% |
| Tangible fixed assets | 22/27 | €1,410,261 | €1,606,507 | +€196,246 | +13.9% |
| Plant, machinery and equipment | 23 | €165,598 | €493,326 | +€327,728 | +198% |
| Furniture and vehicles | 24 | €180,876 | €374,769 | +€193,893 | +107% |
| Other tangible fixed assets | 26 | €1,063,787 | €738,411 | -€325,375 | -30.6% |
| Financial fixed assets | 28 | €4,861 | €3,611 | -€1,250 | -25.7% |
| Current assets | 29/58 | €880,532 | €694,653 | -€185,879 | -21.1% |
| Amounts receivable within one year | 40/41 | €138,716 | €132,852 | -€5,865 | -4.2% |
| Trade receivables | 40 | €136,630 | €109,609 | -€27,021 | -19.8% |
| Other amounts receivable | 41 | €2,086 | €23,242 | +€21,156 | +1,014% |
| Cash at bank and in hand | 54/58 | €707,664 | €530,178 | -€177,486 | -25.1% |
| Deferred charges and accrued income | 490/1 | €34,152 | €31,623 | -€2,529 | -7.4% |
| Total equity and liabilities | 10/49 | €2,295,654 | €2,304,771 | +€9,117 | +0.4% |
| Equity | 10/15 | -€2,283,401 | -€2,090,094 | +€193,307 | +8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,295,801 | -€2,102,494 | +€193,307 | +8.4% |
| Amounts payable | 17/49 | €4,579,056 | €4,394,865 | -€184,190 | -4.0% |
| Amounts payable after more than one year | 17 | €3,918,672 | €3,594,560 | -€324,113 | -8.3% |
| Financial debts | 170/4 | €3,918,672 | €3,594,560 | -€324,113 | -8.3% |
| Amounts payable within one year | 42/48 | €144,383 | €277,075 | +€132,692 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,353 | €1,144 | -€209 | -15.4% |
| Credit institutions | 430/8 | €1,353 | €1,144 | -€209 | -15.4% |
| Trade debts | 44 | €39,879 | €78,598 | +€38,719 | +97.1% |
| Suppliers | 440/4 | €39,879 | €78,598 | +€38,719 | +97.1% |
| Advances received on contracts in progress | 46 | €0 | €101,443 | +€101,443 | |
| Taxes, remuneration and social security | 45 | €103,151 | €95,889 | -€7,262 | -7.0% |
| Taxes | 450/3 | €27,057 | €27,469 | +€412 | +1.5% |
| Remuneration and social security | 454/9 | €76,094 | €68,420 | -€7,674 | -10.1% |
| Accrued charges and deferred income | 492/3 | €516,000 | €523,231 | +€7,231 | +1.4% |
| Non-recurring operating income | 76A | €12,000 | €150,755 | +€138,755 | +1,156% |
| Remuneration, social security and pensions | 62 | €667,405 | €611,787 | -€55,618 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €673,991 | €605,846 | -€68,144 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,358 | €13,721 | +€4,363 | +46.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,315,855 | €1,446,331 | +€130,476 | +9.9% |
| Operating profit (loss) | 9901 | -€34,898 | €214,977 | +€249,875 | |
| Financial income | 75/76B | €7,345 | €230 | -€7,115 | -96.9% |
| Recurring financial income | 75 | €7,345 | €230 | -€7,115 | -96.9% |
| Financial charges | 65/66B | €24,145 | €20,436 | -€3,709 | -15.4% |
| Recurring financial charges | 65 | €24,145 | €20,436 | -€3,709 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,698 | €194,771 | +€246,469 | |
| Income taxes | 67/77 | €1,383 | €1,464 | +€81 | +5.9% |
| Profit (loss) for the period | 9904 | -€53,081 | €193,307 | +€246,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,081 | €193,307 | +€246,387 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.