GM-TEXTILES: 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-TEXTILES
Largest movements
- Cash -€28,978
down €28,978 (-24.6%), from €117,616 to €88,639
mainly Contributions, distributions and other (-€83,190) and Investment in fixed assets (net) (-€17,412)
- Receivables within one year +€12,567
up €12,567 (+86.7%), from €14,498 to €27,065
of which Other amounts receivable: +€12,619
- Tangible fixed assets +€12,033
up €12,033 (+48.1%), from €25,030 to €37,062
of which Furniture and vehicles: +€8,355
- Reserves -€48,960
down €48,960 (-33.6%), from €145,758 to €96,799
of which Distributable reserves: -€48,960
- Other debts +€32,287
new in 2025: €32,287
- Tax, wage and social debts +€13,301
up €13,301 (+167.8%), from €7,927 to €21,228
- Gross operating margin +€7,619
up €7,619 (+13.8%), from €55,322 to €62,941
- Taxes +€3,374
up €3,374 (+18.8%), from €17,927 to €21,301
- Financial charges -€3,046
down €3,046 (-86.9%), from €3,507 to €460
- Depreciation +€1,194
up €1,194 (+28.5%), from €4,185 to €5,379
- Financial income -€679
down €679 (-64.9%), from €1,045 to €367
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 | €157,144 | €152,766 | -€4,378 | -2.8% |
| Fixed assets | 21/28 | €25,030 | €37,062 | +€12,033 | +48.1% |
| Tangible fixed assets | 22/27 | €25,030 | €37,062 | +€12,033 | +48.1% |
| Plant, machinery and equipment | 23 | - | €1,094 | +€1,094 | |
| Furniture and vehicles | 24 | €62 | €8,418 | +€8,355 | +13420.0% |
| Other tangible fixed assets | 26 | €24,967 | €27,551 | +€2,583 | +10.3% |
| Current assets | 29/58 | €132,114 | €115,703 | -€16,411 | -12.4% |
| Amounts receivable within one year | 40/41 | €14,498 | €27,065 | +€12,567 | +86.7% |
| Trade receivables | 40 | €10,052 | €10,000 | -€52 | -0.5% |
| Other amounts receivable | 41 | €4,446 | €17,065 | +€12,619 | +283.8% |
| Cash at bank and in hand | 54/58 | €117,616 | €88,639 | -€28,978 | -24.6% |
| Total equity and liabilities | 10/49 | €157,144 | €152,766 | -€4,378 | -2.8% |
| Equity | 10/15 | €146,758 | €97,799 | -€48,960 | -33.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €145,758 | €96,799 | -€48,960 | -33.6% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €145,658 | €96,699 | -€48,960 | -33.6% |
| Amounts payable | 17/49 | €10,386 | €54,967 | +€44,581 | +429.2% |
| Amounts payable within one year | 42/48 | €10,207 | €54,967 | +€44,761 | +438.5% |
| Current portion of amounts payable after more than one year | 42 | €1,501 | - | -€1,501 | |
| Trade debts | 44 | €779 | €1,452 | +€673 | +86.4% |
| Suppliers | 440/4 | €779 | €1,452 | +€673 | +86.4% |
| Taxes, remuneration and social security | 45 | €7,927 | €21,228 | +€13,301 | +167.8% |
| Taxes | 450/3 | €7,927 | €21,228 | +€13,301 | +167.8% |
| Other amounts payable | 47/48 | - | €32,287 | +€32,287 | |
| Accrued charges and deferred income | 492/3 | €179 | - | -€179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €5,379 | +€1,194 | +28.5% |
| Other operating charges | 640/8 | €2,048 | €1,937 | -€110 | -5.4% |
| Gross operating margin | 9900 | €55,322 | €62,941 | +€7,619 | +13.8% |
| Operating profit (loss) | 9901 | €49,090 | €55,625 | +€6,535 | +13.3% |
| Financial income | 75/76B | €1,045 | €367 | -€679 | -64.9% |
| Recurring financial income | 75 | €1,045 | €367 | -€679 | -64.9% |
| Financial charges | 65/66B | €3,507 | €460 | -€3,046 | -86.9% |
| Recurring financial charges | 65 | €3,507 | €460 | -€3,046 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | €46,629 | €55,531 | +€8,903 | +19.1% |
| Income taxes | 67/77 | €17,927 | €21,301 | +€3,374 | +18.8% |
| Profit (loss) for the period | 9904 | €28,702 | €34,230 | +€5,529 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,702 | €34,230 | +€5,529 | +19.3% |
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.