GDM TECHNICS: what changed
Two fiscal 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 TECHNICS
Largest movements
- Tangible fixed assets -€21,600
down €21,600 (-33.1%), from €65,192 to €43,593
of which Leasing and similar rights: -€20,343
- Deferred charges and accrued income +€3,535
up €3,535, from €0 to €3,535
- Cash -€2,984
down €2,984 (-52.9%), from €5,645 to €2,661
mainly Other debts (-€34,465) and Debts after one year (-€11,798)
- Stocks and contracts +€2,000
up €2,000 (+40.0%), from €5,000 to €7,000
- Other debts -€34,465
down €34,465 (-45.9%), from €75,111 to €40,645
- Trade debts +€24,760
up €24,760, from €0 to €24,760
- Debts after one year -€11,798
down €11,798 (-25.4%), from €46,396 to €34,598
- Profit (loss) carried forward +€1,625
up €1,625 (+3.1%), from -€53,003 to -€51,377
- Gross operating margin -€4,823
down €4,823 (-14.2%), from €33,861 to €29,038
- Financial charges -€1,183
down €1,183 (-37.4%), from €3,168 to €1,985
- Depreciation -€612
down €612 (-2.4%), from €25,312 to €24,701
- Other operating charges +€529
up €529 (+266.3%), from €199 to €727
- Staff costs -€347
down €347 (-100.0%), from €347 to €0
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.
Cash bridge derived
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 | €90,384 | €70,718 | -€19,666 | -21.8% |
| Fixed assets | 21/28 | €65,192 | €43,593 | -€21,600 | -33.1% |
| Tangible fixed assets | 22/27 | €65,192 | €43,593 | -€21,600 | -33.1% |
| Plant, machinery and equipment | 23 | €1,478 | €3,289 | +€1,810 | +122.4% |
| Furniture and vehicles | 24 | €4,572 | €1,505 | -€3,067 | -67.1% |
| Leasing and similar rights | 25 | €59,142 | €38,799 | -€20,343 | -34.4% |
| Current assets | 29/58 | €25,192 | €27,126 | +€1,934 | +7.7% |
| Stocks and contracts in progress | 3 | €5,000 | €7,000 | +€2,000 | +40.0% |
| Stocks | 30/36 | €5,000 | €7,000 | +€2,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €14,548 | €13,930 | -€618 | -4.2% |
| Trade receivables | 40 | €6,012 | €13,930 | +€7,918 | +131.7% |
| Other amounts receivable | 41 | €8,536 | - | -€8,536 | |
| Cash at bank and in hand | 54/58 | €5,645 | €2,661 | -€2,984 | -52.9% |
| Deferred charges and accrued income | 490/1 | €0 | €3,535 | +€3,535 | |
| Total equity and liabilities | 10/49 | €90,384 | €70,718 | -€19,666 | -21.8% |
| Equity | 10/15 | -€50,003 | -€48,377 | +€1,625 | +3.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,003 | -€51,377 | +€1,625 | +3.1% |
| Amounts payable | 17/49 | €140,387 | €119,096 | -€21,291 | -15.2% |
| Amounts payable after more than one year | 17 | €46,396 | €34,598 | -€11,798 | -25.4% |
| Financial debts | 170/4 | €46,396 | €34,598 | -€11,798 | -25.4% |
| Amounts payable within one year | 42/48 | €93,991 | €84,497 | -€9,493 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €17,070 | €17,916 | +€847 | +5.0% |
| Financial debts | 43 | €0 | €16 | +€16 | |
| Credit institutions | 430/8 | €0 | €16 | +€16 | |
| Trade debts | 44 | €0 | €24,760 | +€24,760 | |
| Suppliers | 440/4 | €0 | €24,760 | +€24,760 | |
| Taxes, remuneration and social security | 45 | €1,811 | €1,159 | -€651 | -36.0% |
| Taxes | 450/3 | €1,811 | €1,159 | -€651 | -36.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,111 | €40,645 | -€34,465 | -45.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €347 | €0 | -€347 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,312 | €24,701 | -€612 | -2.4% |
| Other operating charges | 640/8 | €199 | €727 | +€529 | +266.3% |
| Gross operating margin | 9900 | €33,861 | €29,038 | -€4,823 | -14.2% |
| Operating profit (loss) | 9901 | €8,003 | €3,610 | -€4,393 | -54.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,168 | €1,985 | -€1,183 | -37.4% |
| Recurring financial charges | 65 | €3,168 | €1,985 | -€1,183 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €4,835 | €1,625 | -€3,210 | -66.4% |
| Profit (loss) for the period | 9904 | €4,835 | €1,625 | -€3,210 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,835 | €1,625 | -€3,210 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.