GM Dakwerken: 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 Dakwerken
Largest movements
- Receivables within one year +€22,308
up €22,308 (+43.8%), from €50,884 to €73,192
of which Other amounts receivable: +€18,501
- Tangible fixed assets -€3,935
down €3,935 (-26.7%), from €14,760 to €10,825
of which Plant, machinery and equipment: -€2,283
- Cash -€2,628
down €2,628 (-26.4%), from €9,942 to €7,314
mainly Contributions, distributions and other (-€23,200) and Receivables within one year (-€22,308)
- Stocks and contracts -€2,460
down €2,460 (-38.8%), from €6,344 to €3,884
- Tax, wage and social debts +€15,202
up €15,202 (+146%), from €10,416 to €25,618
- Trade debts -€4,976
down €4,976 (-35.8%), from €13,903 to €8,927
- Reserves +€3,123
up €3,123 (+5.1%), from €61,835 to €64,958
of which Distributable reserves: +€3,223
- Depreciation -€5,150
down €5,150 (-46.6%), from €11,052 to €5,902
- Taxes +€3,499
up €3,499 (+34.9%), from €10,036 to €13,535
- Financial income +€1,447
up €1,447 (+228%), from €636 to €2,083
- Gross operating margin -€1,180
down €1,180 (-2.2%), from €52,723 to €51,543
- Financial charges +€628
up €628 (+9.8%), from €6,422 to €7,050
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 | €87,154 | €100,503 | +€13,349 | +15.3% |
| Formation expenses | 20 | €537 | €268 | -€269 | -50.1% |
| Fixed assets | 21/28 | €15,460 | €11,425 | -€4,035 | -26.1% |
| Intangible fixed assets | 21 | €700 | €600 | -€100 | -14.3% |
| Tangible fixed assets | 22/27 | €14,760 | €10,825 | -€3,935 | -26.7% |
| Plant, machinery and equipment | 23 | €9,529 | €7,246 | -€2,283 | -24.0% |
| Furniture and vehicles | 24 | €5,231 | €3,579 | -€1,652 | -31.6% |
| Current assets | 29/58 | €71,157 | €88,810 | +€17,653 | +24.8% |
| Stocks and contracts in progress | 3 | €6,344 | €3,884 | -€2,460 | -38.8% |
| Stocks | 30/36 | €6,344 | €3,884 | -€2,460 | -38.8% |
| Amounts receivable within one year | 40/41 | €50,884 | €73,192 | +€22,308 | +43.8% |
| Trade receivables | 40 | €20,090 | €23,897 | +€3,807 | +18.9% |
| Other amounts receivable | 41 | €30,794 | €49,295 | +€18,501 | +60.1% |
| Cash at bank and in hand | 54/58 | €9,942 | €7,314 | -€2,628 | -26.4% |
| Deferred charges and accrued income | 490/1 | €3,987 | €4,420 | +€433 | +10.9% |
| Total equity and liabilities | 10/49 | €87,154 | €100,503 | +€13,349 | +15.3% |
| Equity | 10/15 | €62,835 | €65,958 | +€3,123 | +5.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €61,835 | €64,958 | +€3,123 | +5.1% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | €100 | - | -€100 | |
| Distributable reserves | 133 | €61,735 | €64,958 | +€3,223 | +5.2% |
| Amounts payable | 17/49 | €24,319 | €34,545 | +€10,226 | +42.0% |
| Amounts payable within one year | 42/48 | €24,319 | €34,545 | +€10,226 | +42.0% |
| Trade debts | 44 | €13,903 | €8,927 | -€4,976 | -35.8% |
| Suppliers | 440/4 | €13,903 | €8,927 | -€4,976 | -35.8% |
| Taxes, remuneration and social security | 45 | €10,416 | €25,618 | +€15,202 | +146% |
| Taxes | 450/3 | €10,416 | €25,618 | +€15,202 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,052 | €5,902 | -€5,150 | -46.6% |
| Other operating charges | 640/8 | €522 | €816 | +€294 | +56.3% |
| Gross operating margin | 9900 | €52,723 | €51,543 | -€1,180 | -2.2% |
| Operating profit (loss) | 9901 | €41,149 | €44,825 | +€3,676 | +8.9% |
| Financial income | 75/76B | €636 | €2,083 | +€1,447 | +228% |
| Recurring financial income | 75 | €636 | €2,083 | +€1,447 | +228% |
| Financial charges | 65/66B | €6,422 | €7,050 | +€628 | +9.8% |
| Recurring financial charges | 65 | €6,422 | €7,050 | +€628 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €35,363 | €39,858 | +€4,495 | +12.7% |
| Income taxes | 67/77 | €10,036 | €13,535 | +€3,499 | +34.9% |
| Profit (loss) for the period | 9904 | €25,327 | €26,323 | +€996 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,327 | €26,323 | +€996 | +3.9% |
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 23 October 2026 via checked.be.