GM MACHINERY: what changed
What changed
GM MACHINERY
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€120,309
2024 · €235,147-€114,838
Equity
€1.2m
2024 · €1.3m-€129,691
Cash
€23,984
2024 · €28,445-€4,461
Balance sheet total
€3.9m
2024 · €4.7m-€795,018
Largest movements
Assets
- Receivables within one year -€422,299
down €422,299 (-90.5%), from €466,388 to €44,089
of which Other amounts receivable: -€440,248
- Tangible fixed assets -€214,514
down €214,514 (-5.3%), from €4.0m to €3.8m
of which Leasing and similar rights: -€211,883
- Deferred charges and accrued income -€153,743
down €153,743 (-93.2%), from €164,919 to €11,176
Equity and liabilities
- Accrued charges and deferred income -€415,000
down €415,000 (-95.1%), from €436,187 to €21,187
- Debts after one year -€332,690
down €332,690 (-13.1%), from €2.5m to €2.2m
- Other debts +€142,944
up €142,944, from €0 to €142,944
- Reserves -€129,691
down €129,691 (-14.1%), from €918,440 to €788,749
- Current portion of long-term debt -€82,160
down €82,160 (-21.6%), from €380,959 to €298,798
Income statement
- Gross operating margin -€232,296
down €232,296 (-42.2%), from €550,022 to €317,726
- Depreciation -€72,501
down €72,501 (-43.4%), from €167,118 to €94,618
- Financial charges -€22,730
down €22,730 (-28.9%), from €78,537 to €55,807
- Taxes -€21,868
down €21,868 (-30.4%), from €71,992 to €50,123
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.
Result 2024
€235,147
Gross operating margin
-€232,296
Depreciation
+€72,501
Other operating charges
+€2,927
Financial income
-€2,569
Financial charges
+€22,730
Taxes
+€21,868
Result 2025
€120,309
raises the resultlowers the result
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.
From operations
+€540,493
Investment
+€119,896
Financing
-€664,850
Cash 2024
€28,445
From operations (derived)
+€540,493
Net result for the year
+€120,309
Depreciation
+€94,618
Receivables within one year
+€422,299
Deferred charges and accrued income
+€153,743
Trade debts
+€17,776
Tax, wage and social debts
+€3,804
Other debts
+€142,944
Accrued charges and deferred income
-€415,000
Investment (derived)
+€119,896
Investment in fixed assets (net)
+€119,896
Financing
-€664,850
Debts after one year
-€332,690
Current portion of long-term debt
-€82,160
Contributions, distributions and other
-€250,000
Cash 2025
€23,984
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,679,505 | €3,884,488 | -€795,018 | -17.0% |
| Fixed assets | 21/28 | €4,019,754 | €3,805,240 | -€214,514 | -5.3% |
| Tangible fixed assets | 22/27 | €4,019,754 | €3,805,240 | -€214,514 | -5.3% |
| Land and buildings | 22 | €3,695,563 | €3,695,563 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,257 | €3,627 | -€2,630 | -42.0% |
| Leasing and similar rights | 25 | €317,933 | €106,050 | -€211,883 | -66.6% |
| Current assets | 29/58 | €659,752 | €79,248 | -€580,504 | -88.0% |
| Amounts receivable within one year | 40/41 | €466,388 | €44,089 | -€422,299 | -90.5% |
| Trade receivables | 40 | €15,692 | €33,640 | +€17,949 | +114% |
| Other amounts receivable | 41 | €450,696 | €10,448 | -€440,248 | -97.7% |
| Cash at bank and in hand | 54/58 | €28,445 | €23,984 | -€4,461 | -15.7% |
| Deferred charges and accrued income | 490/1 | €164,919 | €11,176 | -€153,743 | -93.2% |
| Total equity and liabilities | 10/49 | €4,679,505 | €3,884,488 | -€795,018 | -17.0% |
| Equity | 10/15 | €1,289,003 | €1,159,312 | -€129,691 | -10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €350,563 | €350,563 | = | 0.0% |
| Reserves | 13 | €918,440 | €788,749 | -€129,691 | -14.1% |
| Distributable reserves | 133 | €918,440 | €788,749 | -€129,691 | -14.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,390,503 | €2,725,176 | -€665,327 | -19.6% |
| Amounts payable after more than one year | 17 | €2,540,622 | €2,207,932 | -€332,690 | -13.1% |
| Financial debts | 170/4 | €2,540,622 | €2,207,932 | -€332,690 | -13.1% |
| Amounts payable within one year | 42/48 | €413,694 | €496,057 | +€82,363 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €380,959 | €298,798 | -€82,160 | -21.6% |
| Trade debts | 44 | €7,625 | €25,400 | +€17,776 | +233% |
| Suppliers | 440/4 | €7,625 | €25,400 | +€17,776 | +233% |
| Taxes, remuneration and social security | 45 | €25,111 | €28,914 | +€3,804 | +15.1% |
| Taxes | 450/3 | €6,379 | €25,414 | +€19,036 | +298% |
| Remuneration and social security | 454/9 | €18,732 | €3,500 | -€15,232 | -81.3% |
| Other amounts payable | 47/48 | €0 | €142,944 | +€142,944 | |
| Accrued charges and deferred income | 492/3 | €436,187 | €21,187 | -€415,000 | -95.1% |
| Non-recurring operating income | 76A | €76,233 | €93,255 | +€17,022 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,118 | €94,618 | -€72,501 | -43.4% |
| Other operating charges | 640/8 | €7,429 | €4,501 | -€2,927 | -39.4% |
| Gross operating margin | 9900 | €550,022 | €317,726 | -€232,296 | -42.2% |
| Operating profit (loss) | 9901 | €375,475 | €218,607 | -€156,868 | -41.8% |
| Financial income | 75/76B | €10,201 | €7,633 | -€2,569 | -25.2% |
| Recurring financial income | 75 | €5,463 | €7,633 | +€2,169 | +39.7% |
| Non-recurring financial income | 76B | €4,738 | €0 | -€4,738 | -100% |
| Financial charges | 65/66B | €78,537 | €55,807 | -€22,730 | -28.9% |
| Recurring financial charges | 65 | €78,537 | €55,807 | -€22,730 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €307,139 | €170,433 | -€136,706 | -44.5% |
| Income taxes | 67/77 | €71,992 | €50,123 | -€21,868 | -30.4% |
| Profit (loss) for the period | 9904 | €235,147 | €120,309 | -€114,838 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €235,147 | €120,309 | -€114,838 | -48.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.