GM BEHEER: 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 BEHEER
Largest movements
- Tangible fixed assets +€9,792
up €9,792 (+6.8%), from €143,922 to €153,714
of which Land and buildings: +€15,025
- Receivables within one year -€6,609
down €6,609 (-68.1%), from €9,709 to €3,100
- Cash +€1,615
up €1,615 (+126%), from €1,280 to €2,896
mainly Depreciation (+€16,687) and Current portion of long-term debt (+€13,696)
- Profit (loss) carried forward -€17,770
down €17,770 (-96.0%), from -€18,512 to -€36,282
- Current portion of long-term debt +€13,696
up €13,696 (+1,070%), from €1,280 to €14,976
- Trade debts +€10,198
up €10,198 (+180%), from €5,661 to €15,860
- Debts after one year -€2,007
down €2,007 (-2.7%), from €74,043 to €72,036
- Gross operating margin -€7,115
down €7,115 (-63.2%), from €11,263 to €4,148
- Depreciation +€3,705
up €3,705 (+28.5%), from €12,983 to €16,687
- Other operating charges -€614
down €614 (-11.3%), from €5,440 to €4,826
- Financial charges +€248
up €248 (+138%), from €180 to €427
- Taxes -€160
no longer reported in 2025 (was €160)
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 | €154,911 | €159,710 | +€4,798 | +3.1% |
| Fixed assets | 21/28 | €143,922 | €153,714 | +€9,792 | +6.8% |
| Tangible fixed assets | 22/27 | €143,922 | €153,714 | +€9,792 | +6.8% |
| Land and buildings | 22 | €119,408 | €134,433 | +€15,025 | +12.6% |
| Plant, machinery and equipment | 23 | €12,734 | €10,257 | -€2,477 | -19.5% |
| Furniture and vehicles | 24 | €11,780 | €9,024 | -€2,756 | -23.4% |
| Current assets | 29/58 | €10,989 | €5,996 | -€4,994 | -45.4% |
| Amounts receivable within one year | 40/41 | €9,709 | €3,100 | -€6,609 | -68.1% |
| Other amounts receivable | 41 | €9,709 | €3,100 | -€6,609 | -68.1% |
| Cash at bank and in hand | 54/58 | €1,280 | €2,896 | +€1,615 | +126% |
| Total equity and liabilities | 10/49 | €154,911 | €159,710 | +€4,798 | +3.1% |
| Equity | 10/15 | €69,713 | €51,943 | -€17,770 | -25.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €69,633 | €69,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,512 | -€36,282 | -€17,770 | -96.0% |
| Amounts payable | 17/49 | €85,198 | €107,767 | +€22,569 | +26.5% |
| Amounts payable after more than one year | 17 | €74,043 | €72,036 | -€2,007 | -2.7% |
| Financial debts | 170/4 | €74,043 | €72,036 | -€2,007 | -2.7% |
| Amounts payable within one year | 42/48 | €11,156 | €35,731 | +€24,576 | +220% |
| Current portion of amounts payable after more than one year | 42 | €1,280 | €14,976 | +€13,696 | +1,070% |
| Trade debts | 44 | €5,661 | €15,860 | +€10,198 | +180% |
| Suppliers | 440/4 | €5,661 | €15,860 | +€10,198 | +180% |
| Other amounts payable | 47/48 | €4,214 | €4,895 | +€681 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,983 | €16,687 | +€3,705 | +28.5% |
| Other operating charges | 640/8 | €5,440 | €4,826 | -€614 | -11.3% |
| Gross operating margin | 9900 | €11,263 | €4,148 | -€7,115 | -63.2% |
| Operating profit (loss) | 9901 | -€7,159 | -€17,365 | -€10,206 | -143% |
| Financial income | 75/76B | €75 | €22 | -€53 | -70.3% |
| Recurring financial income | 75 | €75 | €22 | -€53 | -70.3% |
| Financial charges | 65/66B | €180 | €427 | +€248 | +138% |
| Recurring financial charges | 65 | €180 | €427 | +€248 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€7,264 | -€17,770 | -€10,506 | -145% |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | -€7,424 | -€17,770 | -€10,346 | -139% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,424 | -€17,770 | -€10,346 | -139% |
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 15 October 2026 via checked.be.