GM-Technics: 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-Technics
Largest movements
- Cash +€8,097
up €8,097 (+6.2%), from €131,079 to €139,176
mainly Other debts (+€62,770) and Net result for the year (+€28,652)
- Receivables within one year -€3,821
down €3,821 (-21.6%), from €17,658 to €13,837
of which Trade receivables: -€4,081
- Other debts +€62,770
up €62,770 (+792.9%), from €7,916 to €70,686
- Profit (loss) carried forward -€33,524
down €33,524 (-100.0%), from €33,524 to €0
- Tax, wage and social debts -€24,800
down €24,800 (-89.3%), from €27,767 to €2,967
of which Taxes: -€18,800
- Short-term financial debts +€3,022
new in 2025: €3,022
- Gross operating margin -€5,546
down €5,546 (-12.6%), from €43,912 to €38,366
- Taxes -€1,169
down €1,169 (-13.4%), from €8,749 to €7,580
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 | €156,763 | €163,190 | +€6,427 | +4.1% |
| Current assets | 29/58 | €156,763 | €163,190 | +€6,427 | +4.1% |
| Stocks and contracts in progress | 3 | €6,289 | €7,513 | +€1,224 | +19.5% |
| Stocks | 30/36 | €6,289 | €7,513 | +€1,224 | +19.5% |
| Amounts receivable within one year | 40/41 | €17,658 | €13,837 | -€3,821 | -21.6% |
| Trade receivables | 40 | €12,731 | €8,650 | -€4,081 | -32.1% |
| Other amounts receivable | 41 | €4,927 | €5,187 | +€259 | +5.3% |
| Cash at bank and in hand | 54/58 | €131,079 | €139,176 | +€8,097 | +6.2% |
| Deferred charges and accrued income | 490/1 | €1,736 | €2,664 | +€928 | +53.4% |
| Total equity and liabilities | 10/49 | €156,763 | €163,190 | +€6,427 | +4.1% |
| Equity | 10/15 | €91,239 | €57,715 | -€33,524 | -36.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,715 | €55,715 | = | 0.0% |
| Distributable reserves | 133 | €55,715 | €55,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,524 | €0 | -€33,524 | -100.0% |
| Amounts payable | 17/49 | €65,524 | €105,474 | +€39,951 | +61.0% |
| Amounts payable within one year | 42/48 | €64,934 | €104,893 | +€39,959 | +61.5% |
| Financial debts | 43 | - | €3,022 | +€3,022 | |
| Credit institutions | 430/8 | - | €3,022 | +€3,022 | |
| Trade debts | 44 | €25,975 | €26,549 | +€575 | +2.2% |
| Suppliers | 440/4 | €25,975 | €26,549 | +€575 | +2.2% |
| Advances received on contracts in progress | 46 | €3,277 | €1,669 | -€1,608 | -49.1% |
| Taxes, remuneration and social security | 45 | €27,767 | €2,967 | -€24,800 | -89.3% |
| Taxes | 450/3 | €19,017 | €217 | -€18,800 | -98.9% |
| Remuneration and social security | 454/9 | €8,750 | €2,750 | -€6,000 | -68.6% |
| Other amounts payable | 47/48 | €7,916 | €70,686 | +€62,770 | +792.9% |
| Accrued charges and deferred income | 492/3 | €590 | €581 | -€8 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €512 | €732 | +€219 | +42.8% |
| Gross operating margin | 9900 | €43,912 | €38,366 | -€5,546 | -12.6% |
| Operating profit (loss) | 9901 | €43,400 | €37,634 | -€5,765 | -13.3% |
| Financial income | 75/76B | €424 | €500 | +€76 | +17.9% |
| Recurring financial income | 75 | €424 | €500 | +€76 | +17.9% |
| Financial charges | 65/66B | €1,551 | €1,902 | +€351 | +22.6% |
| Recurring financial charges | 65 | €1,551 | €1,902 | +€351 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €42,273 | €36,233 | -€6,040 | -14.3% |
| Income taxes | 67/77 | €8,749 | €7,580 | -€1,169 | -13.4% |
| Profit (loss) for the period | 9904 | €33,524 | €28,652 | -€4,871 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,524 | €28,652 | -€4,871 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.