GMI-Elec: 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.
GMI-Elec
Largest movements
- Cash +€10,016
up €10,016 (+53.4%), from €18,757 to €28,774
mainly Net result for the year (+€14,194) and Other debts (+€12,595)
- Receivables within one year +€2,971
up €2,971 (+30.2%), from €9,829 to €12,800
of which Trade receivables: +€4,646
- Deferred charges and accrued income +€2,437
up €2,437 (+368%), from €662 to €3,099
- Other debts +€12,595
up €12,595 (+169%), from €7,433 to €20,028
- Tax, wage and social debts +€7,291
up €7,291 (+97.5%), from €7,477 to €14,769
of which Taxes: +€6,778
- Reserves -€5,000
down €5,000 (-35.7%), from €14,000 to €9,000
- Advances received +€1,000
new in 2025: €1,000
- Gross operating margin +€12,191
up €12,191 (+151%), from €8,067 to €20,258
- Taxes +€2,480
up €2,480 (+107%), from €2,325 to €4,805
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 | €29,862 | €44,906 | +€15,045 | +50.4% |
| Fixed assets | 21/28 | €614 | €234 | -€380 | -61.9% |
| Tangible fixed assets | 22/27 | €614 | €234 | -€380 | -61.9% |
| Furniture and vehicles | 24 | €614 | €234 | -€380 | -61.9% |
| Current assets | 29/58 | €29,248 | €44,672 | +€15,424 | +52.7% |
| Amounts receivable within one year | 40/41 | €9,829 | €12,800 | +€2,971 | +30.2% |
| Trade receivables | 40 | €8,154 | €12,800 | +€4,646 | +57.0% |
| Other amounts receivable | 41 | €1,675 | - | -€1,675 | |
| Cash at bank and in hand | 54/58 | €18,757 | €28,774 | +€10,016 | +53.4% |
| Deferred charges and accrued income | 490/1 | €662 | €3,099 | +€2,437 | +368% |
| Total equity and liabilities | 10/49 | €29,862 | €44,906 | +€15,045 | +50.4% |
| Equity | 10/15 | €14,515 | €9,110 | -€5,405 | -37.2% |
| Contributions | 10/11 | €110 | €110 | = | 0.0% |
| Reserves | 13 | €14,000 | €9,000 | -€5,000 | -35.7% |
| Distributable reserves | 133 | €14,000 | €9,000 | -€5,000 | -35.7% |
| Profit (loss) carried forward | 14 | €405 | - | -€405 | |
| Amounts payable | 17/49 | €15,347 | €35,796 | +€20,450 | +133% |
| Amounts payable within one year | 42/48 | €15,347 | €35,796 | +€20,450 | +133% |
| Trade debts | 44 | €437 | - | -€437 | |
| Suppliers | 440/4 | €437 | - | -€437 | |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €7,477 | €14,769 | +€7,291 | +97.5% |
| Taxes | 450/3 | €4,877 | €11,656 | +€6,778 | +139% |
| Remuneration and social security | 454/9 | €2,600 | €3,113 | +€513 | +19.7% |
| Other amounts payable | 47/48 | €7,433 | €20,028 | +€12,595 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €380 | +€0 | 0.0% |
| Other operating charges | 640/8 | €891 | €746 | -€144 | -16.2% |
| Gross operating margin | 9900 | €8,067 | €20,258 | +€12,191 | +151% |
| Operating profit (loss) | 9901 | €6,796 | €19,132 | +€12,336 | +182% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €185 | €133 | -€52 | -28.0% |
| Recurring financial charges | 65 | €185 | €133 | -€52 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €6,615 | €18,999 | +€12,383 | +187% |
| Income taxes | 67/77 | €2,325 | €4,805 | +€2,480 | +107% |
| Profit (loss) for the period | 9904 | €4,291 | €14,194 | +€9,903 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €4,291 | €14,194 | +€9,903 | +231% |
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 23 October 2026 via checked.be.