GMA SERVICES: 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.
GMA SERVICES
Largest movements
- Cash +€35,271
up €35,271 (+83.5%), from €42,234 to €77,505
- Receivables within one year +€14,100
up €14,100 (+67.7%), from €20,820 to €34,921
of which Trade receivables: +€17,981
- Tangible fixed assets -€2,423
down €2,423 (-37.6%), from €6,444 to €4,021
of which Furniture and vehicles: -€2,053
- Deferred charges and accrued income -€1,492
down €1,492 (-62.2%), from €2,397 to €905
- Other debts +€73,605
up €73,605 (+342.4%), from €21,499 to €95,105
- Profit (loss) carried forward -€37,161
down €37,161 (-100.0%), from €37,161 to €0
- Tax, wage and social debts +€8,984
up €8,984 (+89.4%), from €10,052 to €19,036
- Gross operating margin +€14,048
up €14,048 (+52.0%), from €27,035 to €41,084
- Taxes +€4,643
up €4,643 (+92.9%), from €5,000 to €9,643
- Other operating charges +€2,151
up €2,151 (+758.7%), from €284 to €2,435
- Financial charges +€1,048
up €1,048 (+85.1%), from €1,231 to €2,279
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,895 | €117,352 | +€45,457 | +63.2% |
| Fixed assets | 21/28 | €6,444 | €4,021 | -€2,423 | -37.6% |
| Tangible fixed assets | 22/27 | €6,444 | €4,021 | -€2,423 | -37.6% |
| Furniture and vehicles | 24 | €4,810 | €2,758 | -€2,053 | -42.7% |
| Other tangible fixed assets | 26 | €1,634 | €1,264 | -€370 | -22.6% |
| Current assets | 29/58 | €65,451 | €113,331 | +€47,879 | +73.2% |
| Amounts receivable within one year | 40/41 | €20,820 | €34,921 | +€14,100 | +67.7% |
| Trade receivables | 40 | €16,940 | €34,921 | +€17,981 | +106.1% |
| Other amounts receivable | 41 | €3,880 | - | -€3,880 | |
| Cash at bank and in hand | 54/58 | €42,234 | €77,505 | +€35,271 | +83.5% |
| Deferred charges and accrued income | 490/1 | €2,397 | €905 | -€1,492 | -62.2% |
| Total equity and liabilities | 10/49 | €71,895 | €117,352 | +€45,457 | +63.2% |
| Equity | 10/15 | €39,161 | €2,000 | -€37,161 | -94.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,161 | €0 | -€37,161 | -100.0% |
| Amounts payable | 17/49 | €32,734 | €115,352 | +€82,618 | +252.4% |
| Amounts payable within one year | 42/48 | €32,070 | €114,485 | +€82,415 | +257.0% |
| Trade debts | 44 | €519 | €344 | -€174 | -33.6% |
| Suppliers | 440/4 | €519 | €344 | -€174 | -33.6% |
| Taxes, remuneration and social security | 45 | €10,052 | €19,036 | +€8,984 | +89.4% |
| Taxes | 450/3 | €10,052 | €19,036 | +€8,984 | +89.4% |
| Other amounts payable | 47/48 | €21,499 | €95,105 | +€73,605 | +342.4% |
| Accrued charges and deferred income | 492/3 | €664 | €867 | +€203 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €1,751 | -€175 | -9.1% |
| Other operating charges | 640/8 | €284 | €2,435 | +€2,151 | +758.7% |
| Gross operating margin | 9900 | €27,035 | €41,084 | +€14,048 | +52.0% |
| Operating profit (loss) | 9901 | €24,826 | €36,898 | +€12,072 | +48.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,231 | €2,279 | +€1,048 | +85.1% |
| Recurring financial charges | 65 | €1,231 | €2,279 | +€1,048 | +85.1% |
| Profit (loss) for the period before taxes | 9903 | €23,595 | €34,619 | +€11,024 | +46.7% |
| Income taxes | 67/77 | €5,000 | €9,643 | +€4,643 | +92.9% |
| Profit (loss) for the period | 9904 | €18,595 | €24,976 | +€6,381 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,595 | €24,976 | +€6,381 | +34.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.