GMB SERVICES: what changed
Two financial 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.
GMB SERVICES
Largest movements
- Cash -€35,676
down €35,676 (-57.0%), from €62,611 to €26,935
mainly Debts after one year (-€29,838) and Investment in fixed assets (net) (-€23,299)
- Tangible fixed assets +€18,349
up €18,349 (+568%), from €3,232 to €21,580
of which Furniture and vehicles: +€16,821
- Receivables within one year +€1,077
up €1,077 (+3.8%), from €28,420 to €29,498
of which Trade receivables: +€2,856
- Debts after one year -€29,838
down €29,838 (-79.0%), from €37,767 to €7,928
- Tax, wage and social debts +€13,524
up €13,524 (+85.2%), from €15,864 to €29,388
of which Taxes: +€13,806
- Trade debts -€3,399
down €3,399 (-27.4%), from €12,394 to €8,996
- Reserves +€2,836
up €2,836 (+8.8%), from €32,357 to €35,192
- Gross operating margin -€8,699
down €8,699 (-7.6%), from €114,764 to €106,065
- Staff costs +€8,561
up €8,561 (+10.4%), from €82,421 to €90,983
- Taxes -€3,810
down €3,810 (-65.6%), from €5,809 to €1,999
- Depreciation +€3,475
up €3,475 (+236%), from €1,475 to €4,950
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.
Derived cash bridge
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 | €104,582 | €87,705 | -€16,877 | -16.1% |
| Fixed assets | 21/28 | €3,232 | €21,580 | +€18,349 | +568% |
| Tangible fixed assets | 22/27 | €3,232 | €21,580 | +€18,349 | +568% |
| Plant, machinery and equipment | 23 | €3,207 | €4,749 | +€1,542 | +48.1% |
| Furniture and vehicles | 24 | €10 | €16,831 | +€16,821 | +162,366% |
| Other tangible fixed assets | 26 | €15 | €0 | -€15 | -100% |
| Current assets | 29/58 | €101,350 | €66,124 | -€35,226 | -34.8% |
| Stocks and contracts in progress | 3 | €4,277 | €4,277 | = | 0.0% |
| Stocks | 30/36 | €4,277 | €4,277 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,420 | €29,498 | +€1,077 | +3.8% |
| Trade receivables | 40 | €22,006 | €24,863 | +€2,856 | +13.0% |
| Other amounts receivable | 41 | €6,414 | €4,635 | -€1,779 | -27.7% |
| Cash at bank and in hand | 54/58 | €62,611 | €26,935 | -€35,676 | -57.0% |
| Deferred charges and accrued income | 490/1 | €6,042 | €5,415 | -€627 | -10.4% |
| Total equity and liabilities | 10/49 | €104,582 | €87,705 | -€16,877 | -16.1% |
| Equity | 10/15 | €38,557 | €41,392 | +€2,836 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,357 | €35,192 | +€2,836 | +8.8% |
| Distributable reserves | 133 | €32,357 | €35,192 | +€2,836 | +8.8% |
| Amounts payable | 17/49 | €66,025 | €46,312 | -€19,713 | -29.9% |
| Amounts payable after more than one year | 17 | €37,767 | €7,928 | -€29,838 | -79.0% |
| Other amounts payable | 178/9 | €37,767 | €7,928 | -€29,838 | -79.0% |
| Amounts payable within one year | 42/48 | €28,259 | €38,384 | +€10,125 | +35.8% |
| Trade debts | 44 | €12,394 | €8,996 | -€3,399 | -27.4% |
| Suppliers | 440/4 | €12,394 | €8,996 | -€3,399 | -27.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,864 | €29,388 | +€13,524 | +85.2% |
| Taxes | 450/3 | €3,915 | €17,721 | +€13,806 | +353% |
| Remuneration and social security | 454/9 | €11,949 | €11,667 | -€283 | -2.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €26,180 | +€26,180 | |
| Remuneration, social security and pensions | 62 | €82,421 | €90,983 | +€8,561 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,475 | €4,950 | +€3,475 | +236% |
| Other operating charges | 640/8 | €3,090 | €3,593 | +€503 | +16.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €114,764 | €106,065 | -€8,699 | -7.6% |
| Operating profit (loss) | 9901 | €27,778 | €6,539 | -€21,238 | -76.5% |
| Financial income | 75/76B | €317 | €162 | -€155 | -49.0% |
| Recurring financial income | 75 | €317 | €162 | -€155 | -49.0% |
| Financial charges | 65/66B | €2,291 | €1,866 | -€425 | -18.5% |
| Recurring financial charges | 65 | €2,291 | €1,866 | -€425 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €25,804 | €4,835 | -€20,969 | -81.3% |
| Income taxes | 67/77 | €5,809 | €1,999 | -€3,810 | -65.6% |
| Profit (loss) for the period | 9904 | €19,995 | €2,836 | -€17,159 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,995 | €2,836 | -€17,159 | -85.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.