GMBA: 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.
GMBA
Largest movements
- Cash -€8,853
down €8,853 (-63.5%), from €13,939 to €5,086
mainly Trade debts (-€20,132) and Other debts (-€4,577)
- Tangible fixed assets -€1,353
down €1,353 (-44.2%), from €3,058 to €1,705
of which Furniture and vehicles: -€866
- Deferred charges and accrued income +€615
up €615 (+133%), from €463 to €1,078
- Trade debts -€20,132
down €20,132 (-98.8%), from €20,378 to €246
- Profit (loss) carried forward +€10,262
up €10,262 (+96.1%), from €10,673 to €20,935
- Accrued charges and deferred income +€4,792
new in 2025: €4,792
- Other debts -€4,577
no longer reported in 2025 (was €4,577)
- Gross operating margin +€7,259
up €7,259 (+69.1%), from €10,509 to €17,768
- Financial charges +€981
up €981 (+774%), from €127 to €1,108
- Other operating charges +€747
up €747 (+112%), from €666 to €1,413
- Taxes +€377
up €377 (+12.7%), from €2,954 to €3,331
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 | €44,683 | €35,104 | -€9,579 | -21.4% |
| Fixed assets | 21/28 | €3,058 | €1,705 | -€1,353 | -44.2% |
| Tangible fixed assets | 22/27 | €3,058 | €1,705 | -€1,353 | -44.2% |
| Plant, machinery and equipment | 23 | €1,015 | €528 | -€487 | -48.0% |
| Furniture and vehicles | 24 | €2,043 | €1,177 | -€866 | -42.4% |
| Current assets | 29/58 | €41,625 | €33,399 | -€8,226 | -19.8% |
| Amounts receivable within one year | 40/41 | €27,222 | €27,235 | +€13 | 0.0% |
| Trade receivables | 40 | €25,557 | €25,554 | -€3 | 0.0% |
| Other amounts receivable | 41 | €1,665 | €1,681 | +€16 | +1.0% |
| Cash at bank and in hand | 54/58 | €13,939 | €5,086 | -€8,853 | -63.5% |
| Deferred charges and accrued income | 490/1 | €463 | €1,078 | +€615 | +133% |
| Total equity and liabilities | 10/49 | €44,683 | €35,104 | -€9,579 | -21.4% |
| Equity | 10/15 | €10,673 | €20,935 | +€10,262 | +96.1% |
| Profit (loss) carried forward | 14 | €10,673 | €20,935 | +€10,262 | +96.1% |
| Amounts payable | 17/49 | €34,010 | €14,169 | -€19,841 | -58.3% |
| Amounts payable within one year | 42/48 | €34,010 | €9,377 | -€24,633 | -72.4% |
| Trade debts | 44 | €20,378 | €246 | -€20,132 | -98.8% |
| Suppliers | 440/4 | €20,378 | €246 | -€20,132 | -98.8% |
| Taxes, remuneration and social security | 45 | €9,054 | €9,131 | +€77 | +0.8% |
| Taxes | 450/3 | €4,154 | €4,081 | -€73 | -1.8% |
| Remuneration and social security | 454/9 | €4,900 | €5,050 | +€150 | +3.1% |
| Other amounts payable | 47/48 | €4,577 | - | -€4,577 | |
| Accrued charges and deferred income | 492/3 | - | €4,792 | +€4,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €1,654 | -€40 | -2.4% |
| Other operating charges | 640/8 | €666 | €1,413 | +€747 | +112% |
| Gross operating margin | 9900 | €10,509 | €17,768 | +€7,259 | +69.1% |
| Operating profit (loss) | 9901 | €8,149 | €14,701 | +€6,552 | +80.4% |
| Financial charges | 65/66B | €127 | €1,108 | +€981 | +774% |
| Recurring financial charges | 65 | €127 | €1,108 | +€981 | +774% |
| Profit (loss) for the period before taxes | 9903 | €8,022 | €13,593 | +€5,571 | +69.4% |
| Income taxes | 67/77 | €2,954 | €3,331 | +€377 | +12.7% |
| Profit (loss) for the period | 9904 | €5,067 | €10,262 | +€5,195 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €5,067 | €10,262 | +€5,195 | +103% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.