GDM TRANSPORT: what changed
GDM TRANSPORT
Largest movements
- Cash +€21,443
up €21,443 (+59.9%), from €35,817 to €57,260
mainly Net result for the year (+€24,513) and Depreciation (+€22,904)
- Tangible fixed assets -€9,904
down €9,904 (-15.1%), from €65,426 to €55,522
of which Leasing and similar rights: -€19,750
- Receivables within one year +€3,085
up €3,085 (+8.0%), from €38,358 to €41,443
of which Other amounts receivable: +€7,027
- Reserves +€24,513
up €24,513 (+38.1%), from €64,311 to €88,825
- Debts after one year -€13,689
down €13,689 (-33.1%), from €41,320 to €27,631
- Current portion of long-term debt +€5,462
up €5,462 (+37.1%), from €14,740 to €20,201
- Tax, wage and social debts -€2,041
down €2,041 (-31.7%), from €6,432 to €4,391
- Gross operating margin -€4,648
down €4,648 (-7.5%), from €62,256 to €57,608
- Depreciation +€2,809
up €2,809 (+14.0%), from €20,095 to €22,904
- Taxes -€1,423
down €1,423 (-17.7%), from €8,027 to €6,604
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,219 | €155,060 | +€13,840 | +9.8% |
| Fixed assets | 21/28 | €66,261 | €56,357 | -€9,904 | -14.9% |
| Tangible fixed assets | 22/27 | €65,426 | €55,522 | -€9,904 | -15.1% |
| Plant, machinery and equipment | 23 | €4,102 | €3,682 | -€420 | -10.2% |
| Furniture and vehicles | 24 | €397 | €10,662 | +€10,266 | +2,588% |
| Leasing and similar rights | 25 | €60,927 | €41,177 | -€19,750 | -32.4% |
| Financial fixed assets | 28 | €835 | €835 | = | 0.0% |
| Current assets | 29/58 | €74,959 | €98,703 | +€23,745 | +31.7% |
| Amounts receivable within one year | 40/41 | €38,358 | €41,443 | +€3,085 | +8.0% |
| Trade receivables | 40 | €36,693 | €32,752 | -€3,942 | -10.7% |
| Other amounts receivable | 41 | €1,665 | €8,692 | +€7,027 | +422% |
| Cash at bank and in hand | 54/58 | €35,817 | €57,260 | +€21,443 | +59.9% |
| Deferred charges and accrued income | 490/1 | €783 | - | -€783 | |
| Total equity and liabilities | 10/49 | €141,219 | €155,060 | +€13,840 | +9.8% |
| Equity | 10/15 | €74,311 | €98,825 | +€24,513 | +33.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €64,311 | €88,825 | +€24,513 | +38.1% |
| Distributable reserves | 133 | €64,311 | €88,825 | +€24,513 | +38.1% |
| Amounts payable | 17/49 | €66,908 | €56,235 | -€10,673 | -16.0% |
| Amounts payable after more than one year | 17 | €41,320 | €27,631 | -€13,689 | -33.1% |
| Financial debts | 170/4 | €41,320 | €27,631 | -€13,689 | -33.1% |
| Amounts payable within one year | 42/48 | €25,588 | €28,604 | +€3,016 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €14,740 | €20,201 | +€5,462 | +37.1% |
| Trade debts | 44 | €4,348 | €4,012 | -€336 | -7.7% |
| Suppliers | 440/4 | €4,348 | €4,012 | -€336 | -7.7% |
| Taxes, remuneration and social security | 45 | €6,432 | €4,391 | -€2,041 | -31.7% |
| Taxes | 450/3 | €6,432 | €4,391 | -€2,041 | -31.7% |
| Other amounts payable | 47/48 | €68 | - | -€68 | |
| Remuneration, social security and pensions | 62 | - | €176 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,095 | €22,904 | +€2,809 | +14.0% |
| Other operating charges | 640/8 | €908 | €1,043 | +€135 | +14.9% |
| Gross operating margin | 9900 | €62,256 | €57,608 | -€4,648 | -7.5% |
| Operating profit (loss) | 9901 | €41,254 | €33,486 | -€7,768 | -18.8% |
| Financial income | 75/76B | €0 | €103 | +€103 | +257,750% |
| Recurring financial income | 75 | €0 | €103 | +€103 | +257,750% |
| Financial charges | 65/66B | €2,272 | €2,471 | +€199 | +8.8% |
| Recurring financial charges | 65 | €2,272 | €2,471 | +€199 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €38,981 | €31,117 | -€7,864 | -20.2% |
| Income taxes | 67/77 | €8,027 | €6,604 | -€1,423 | -17.7% |
| Profit (loss) for the period | 9904 | €30,954 | €24,513 | -€6,441 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,954 | €24,513 | -€6,441 | -20.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.