GM-Automation: 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.
GM-Automation
Largest movements
- Receivables within one year +€18,805
up €18,805 (+267%), from €7,032 to €25,837
of which Trade receivables: +€18,805
- Current investments +€12,028
up €12,028 (+601%), from €2,000 to €14,028
- Tangible fixed assets -€7,512
down €7,512 (-3.6%), from €206,657 to €199,146
of which Plant, machinery and equipment: -€11,009
- Cash -€4,070
down €4,070 (-14.3%), from €28,519 to €24,448
mainly Receivables within one year (-€18,805) and Contributions, distributions and other (-€13,409)
- Trade debts +€12,685
up €12,685 (+2,326%), from €545 to €13,230
- Debts after one year -€8,849
down €8,849 (-7.7%), from €114,515 to €105,666
- Tax, wage and social debts +€7,755
up €7,755 (+61.9%), from €12,530 to €20,285
- Reserves +€5,033
up €5,033 (+5.5%), from €92,099 to €97,132
of which Distributable reserves: +€5,033
- Gross operating margin -€25,610
down €25,610 (-39.3%), from €65,142 to €39,531
- Financial income -€8,158
down €8,158 (-99.7%), from €8,187 to €28
- Taxes -€6,177
down €6,177 (-51.2%), from €12,070 to €5,893
- Financial charges +€817
up €817 (+37.8%), from €2,163 to €2,980
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 | €246,946 | €263,942 | +€16,996 | +6.9% |
| Fixed assets | 21/28 | €206,657 | €199,146 | -€7,512 | -3.6% |
| Tangible fixed assets | 22/27 | €206,657 | €199,146 | -€7,512 | -3.6% |
| Land and buildings | 22 | €184,029 | €177,987 | -€6,042 | -3.3% |
| Plant, machinery and equipment | 23 | €13,318 | €2,309 | -€11,009 | -82.7% |
| Furniture and vehicles | 24 | €9,310 | €18,849 | +€9,539 | +102% |
| Current assets | 29/58 | €40,288 | €64,796 | +€24,508 | +60.8% |
| Amounts receivable within one year | 40/41 | €7,032 | €25,837 | +€18,805 | +267% |
| Trade receivables | 40 | €6,931 | €25,735 | +€18,805 | +271% |
| Other amounts receivable | 41 | €101 | €101 | = | 0.0% |
| Current investments | 50/53 | €2,000 | €14,028 | +€12,028 | +601% |
| Cash at bank and in hand | 54/58 | €28,519 | €24,448 | -€4,070 | -14.3% |
| Deferred charges and accrued income | 490/1 | €2,738 | €483 | -€2,255 | -82.4% |
| Total equity and liabilities | 10/49 | €246,946 | €263,942 | +€16,996 | +6.9% |
| Equity | 10/15 | €110,699 | €115,732 | +€5,033 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,099 | €97,132 | +€5,033 | +5.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,239 | €95,272 | +€5,033 | +5.6% |
| Amounts payable | 17/49 | €136,247 | €148,210 | +€11,963 | +8.8% |
| Amounts payable after more than one year | 17 | €114,515 | €105,666 | -€8,849 | -7.7% |
| Financial debts | 170/4 | €114,515 | €105,666 | -€8,849 | -7.7% |
| Amounts payable within one year | 42/48 | €21,732 | €42,544 | +€20,812 | +95.8% |
| Current portion of amounts payable after more than one year | 42 | €8,657 | €8,849 | +€192 | +2.2% |
| Trade debts | 44 | €545 | €13,230 | +€12,685 | +2,326% |
| Suppliers | 440/4 | €545 | €13,230 | +€12,685 | +2,326% |
| Taxes, remuneration and social security | 45 | €12,530 | €20,285 | +€7,755 | +61.9% |
| Taxes | 450/3 | €12,530 | €20,285 | +€7,755 | +61.9% |
| Other amounts payable | 47/48 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,619 | €9,963 | +€344 | +3.6% |
| Other operating charges | 640/8 | €2,079 | €2,282 | +€203 | +9.8% |
| Gross operating margin | 9900 | €65,142 | €39,531 | -€25,610 | -39.3% |
| Operating profit (loss) | 9901 | €53,443 | €27,287 | -€26,157 | -48.9% |
| Financial income | 75/76B | €8,187 | €28 | -€8,158 | -99.7% |
| Recurring financial income | 75 | €8,187 | €28 | -€8,158 | -99.7% |
| Financial charges | 65/66B | €2,163 | €2,980 | +€817 | +37.8% |
| Recurring financial charges | 65 | €2,163 | €2,980 | +€817 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €59,467 | €24,335 | -€35,132 | -59.1% |
| Income taxes | 67/77 | €12,070 | €5,893 | -€6,177 | -51.2% |
| Profit (loss) for the period | 9904 | €47,397 | €18,442 | -€28,955 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,397 | €18,442 | -€28,955 | -61.1% |
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 29 October 2026 via checked.be.