GMdent: 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.
GMdent
Largest movements
- Receivables after one year +€128,077
up €128,077 (+89.4%), from €143,200 to €271,277
- Cash +€18,818
up €18,818 (+188.7%), from €9,973 to €28,791
mainly Net result for the year (+€124,482) and Tax, wage and social debts (+€36,749)
- Receivables within one year +€14,773
up €14,773 (+46.1%), from €32,048 to €46,822
of which Trade receivables: +€15,843
- Profit (loss) carried forward +€124,482
up €124,482 (+95.8%), from €129,891 to €254,373
- Tax, wage and social debts +€36,749
up €36,749 (+82.0%), from €44,801 to €81,549
of which Taxes: +€37,749
- Staff costs +€9,228
new in 2025: €9,228
- Gross operating margin +€3,409
up €3,409 (+2.0%), from €168,893 to €172,302
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 | €186,292 | €347,517 | +€161,225 | +86.5% |
| Fixed assets | 21/28 | €1,071 | €628 | -€443 | -41.4% |
| Tangible fixed assets | 22/27 | €1,071 | €628 | -€443 | -41.4% |
| Plant, machinery and equipment | 23 | €1,071 | €628 | -€443 | -41.4% |
| Current assets | 29/58 | €185,221 | €346,890 | +€161,668 | +87.3% |
| Amounts receivable after more than one year | 29 | €143,200 | €271,277 | +€128,077 | +89.4% |
| Other amounts receivable | 291 | €143,200 | €271,277 | +€128,077 | +89.4% |
| Amounts receivable within one year | 40/41 | €32,048 | €46,822 | +€14,773 | +46.1% |
| Trade receivables | 40 | €27,973 | €43,816 | +€15,843 | +56.6% |
| Other amounts receivable | 41 | €4,076 | €3,006 | -€1,069 | -26.2% |
| Cash at bank and in hand | 54/58 | €9,973 | €28,791 | +€18,818 | +188.7% |
| Total equity and liabilities | 10/49 | €186,292 | €347,517 | +€161,225 | +86.5% |
| Equity | 10/15 | €134,891 | €259,373 | +€124,482 | +92.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,891 | €254,373 | +€124,482 | +95.8% |
| Amounts payable | 17/49 | €51,401 | €88,144 | +€36,744 | +71.5% |
| Amounts payable within one year | 42/48 | €51,401 | €88,144 | +€36,744 | +71.5% |
| Trade debts | 44 | €6,600 | €6,595 | -€5 | -0.1% |
| Suppliers | 440/4 | €6,600 | €6,595 | -€5 | -0.1% |
| Taxes, remuneration and social security | 45 | €44,801 | €81,549 | +€36,749 | +82.0% |
| Taxes | 450/3 | €38,301 | €76,049 | +€37,749 | +98.6% |
| Remuneration and social security | 454/9 | €6,500 | €5,500 | -€1,000 | -15.4% |
| Remuneration, social security and pensions | 62 | - | €9,228 | +€9,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258 | €443 | +€185 | +71.4% |
| Other operating charges | 640/8 | €75 | €199 | +€124 | +166.6% |
| Gross operating margin | 9900 | €168,893 | €172,302 | +€3,409 | +2.0% |
| Operating profit (loss) | 9901 | €168,560 | €162,432 | -€6,127 | -3.6% |
| Financial income | 75/76B | €125 | €60 | -€65 | -52.0% |
| Recurring financial income | 75 | €125 | €60 | -€65 | -52.0% |
| Financial charges | 65/66B | €493 | €262 | -€231 | -46.8% |
| Recurring financial charges | 65 | €493 | €262 | -€231 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €168,192 | €162,230 | -€5,962 | -3.5% |
| Income taxes | 67/77 | €38,301 | €37,749 | -€552 | -1.4% |
| Profit (loss) for the period | 9904 | €129,891 | €124,482 | -€5,410 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,891 | €124,482 | -€5,410 | -4.2% |
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 2 October 2026 via checked.be.