GM Solutions: what changed
Two fiscal 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 Solutions
Largest movements
- Receivables within one year -€10,417
down €10,417 (-17.3%), from €60,142 to €49,725
- Cash -€8,989
down €8,989 (-32.1%), from €28,045 to €19,056
mainly Current portion of long-term debt (-€59,060) and Debts after one year (-€19,852)
- Current portion of long-term debt -€59,060
no longer reported in 2025 (was €59,060)
- Reserves +€40,994
up €40,994 (+9.1%), from €451,713 to €492,707
- Debts after one year -€19,852
no longer reported in 2025 (was €19,852)
- Short-term financial debts +€19,852
new in 2025: €19,852
- Financial income -€29,766
down €29,766 (-37.6%), from €79,228 to €49,462
- Gross operating margin -€3,562
down €3,562 (-96.1%), from -€3,707 to -€7,269
- Financial charges -€825
down €825 (-50.4%), from €1,637 to €812
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.
Cash bridge derived
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 | €632,273 | €613,078 | -€19,195 | -3.0% |
| Fixed assets | 21/28 | €544,086 | €544,086 | = | 0.0% |
| Financial fixed assets | 28 | €544,086 | €544,086 | = | 0.0% |
| Current assets | 29/58 | €88,187 | €68,992 | -€19,195 | -21.8% |
| Amounts receivable within one year | 40/41 | €60,142 | €49,725 | -€10,417 | -17.3% |
| Other amounts receivable | 41 | €60,142 | €49,725 | -€10,417 | -17.3% |
| Cash at bank and in hand | 54/58 | €28,045 | €19,056 | -€8,989 | -32.1% |
| Deferred charges and accrued income | 490/1 | - | €212 | +€212 | |
| Total equity and liabilities | 10/49 | €632,273 | €613,078 | -€19,195 | -3.0% |
| Equity | 10/15 | €551,713 | €592,707 | +€40,994 | +7.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €451,713 | €492,707 | +€40,994 | +9.1% |
| Distributable reserves | 133 | €451,713 | €492,707 | +€40,994 | +9.1% |
| Amounts payable | 17/49 | €80,560 | €20,371 | -€60,188 | -74.7% |
| Amounts payable after more than one year | 17 | €19,852 | - | -€19,852 | |
| Financial debts | 170/4 | €19,852 | - | -€19,852 | |
| Amounts payable within one year | 42/48 | €59,208 | €20,371 | -€38,837 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €59,060 | - | -€59,060 | |
| Financial debts | 43 | - | €19,852 | +€19,852 | |
| Credit institutions | 430/8 | - | €19,852 | +€19,852 | |
| Trade debts | 44 | €148 | €374 | +€226 | +152.5% |
| Suppliers | 440/4 | €148 | €374 | +€226 | +152.5% |
| Taxes, remuneration and social security | 45 | - | €146 | +€146 | |
| Taxes | 450/3 | - | €146 | +€146 | |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €446 | €387 | -€59 | -13.2% |
| Gross operating margin | 9900 | -€3,707 | -€7,269 | -€3,562 | -96.1% |
| Operating profit (loss) | 9901 | -€4,153 | -€7,656 | -€3,503 | -84.3% |
| Financial income | 75/76B | €79,228 | €49,462 | -€29,766 | -37.6% |
| Recurring financial income | 75 | €79,228 | €49,462 | -€29,766 | -37.6% |
| Financial charges | 65/66B | €1,637 | €812 | -€825 | -50.4% |
| Recurring financial charges | 65 | €1,637 | €812 | -€825 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €73,437 | €40,994 | -€32,443 | -44.2% |
| Profit (loss) for the period | 9904 | €73,437 | €40,994 | -€32,443 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,437 | €40,994 | -€32,443 | -44.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.