GMI group: 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.
What changed
GMI group
NACE 62.100, Computer programming
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€1.5m
31-12-2024 · -€40,949+€1.5m
Equity
€3.4m
31-12-2024 · €2.0m+€1.5m
Cash
€1.9m
31-12-2024 · €1.0m+€839,857
Balance sheet total
€9.9m
31-12-2024 · €6.9m+€2.9m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+42.8%), from €3.7m to €5.3m
of which Trade receivables: +€1.2m
- Cash +€839,857
up €839,857 (+80.7%), from €1.0m to €1.9m
mainly Net result for the year (+€1.5m) and Accrued charges and deferred income (+€871,914)
- Deferred charges and accrued income +€443,748
up €443,748 (+42.9%), from €1.0m to €1.5m
- Intangible fixed assets +€100,119
up €100,119 (+9.1%), from €1.1m to €1.2m
Equity and liabilities
- Reserves +€1.5m
up €1.5m (+93.4%), from €1.6m to €3.0m
of which Distributable reserves: +€1.5m
- Accrued charges and deferred income +€871,914
up €871,914 (+47.0%), from €1.9m to €2.7m
- Trade debts +€358,849
up €358,849 (+19.6%), from €1.8m to €2.2m
- Advances received +€142,245
up €142,245 (+57.2%), from €248,579 to €390,824
- Tax, wage and social debts +€100,182
up €100,182 (+9.7%), from €1.0m to €1.1m
of which Taxes: +€78,292
Income statement
- Turnover +€9.8m
up €9.8m (+138%), from €7.1m to €16.9m
- Goods and materials +€3.9m
up €3.9m (+117%), from €3.4m to €7.3m
- Staff costs +€2.6m
up €2.6m (+96.9%), from €2.7m to €5.3m
- Services and other goods +€1.4m
up €1.4m (+99.5%), from €1.4m to €2.7m
- Taxes +€545,786
up €545,786, from -€2,902 to €542,884
of which Taxes: +€538,000
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€40,949
Turnover
+€9.8m
Other operating income
+€287,577
Goods and materials
-€3.9m
Services and other goods
-€1.4m
Staff costs
-€2.6m
Depreciation
-€204,803
Write-downs
-€26,146
Other operating charges
-€4,984
Other operating items
+€113,332
Financial income
+€60,938
Financial charges
-€93,803
Taxes
-€545,786
Result 31-12-2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€408,235
Financing
€0
Cash 31-12-2024
€1.0m
From operations (derived)
+€1.2m
Net result for the year
+€1.5m
Depreciation
+€328,815
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€443,748
Trade debts
+€358,849
Tax, wage and social debts
+€100,182
Advances received
+€142,245
Accrued charges and deferred income
+€871,914
Investment (derived)
-€408,235
Investment in fixed assets (net)
-€433,235
Current investments
+€25,000
Cash 31-12-2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,942,008 | €9,884,338 | +€2.9m | +42.4% |
| Fixed assets | 21/28 | €1,151,063 | €1,255,483 | +€104,420 | +9.1% |
| Intangible fixed assets | 21 | €1,096,931 | €1,197,050 | +€100,119 | +9.1% |
| Tangible fixed assets | 22/27 | €53,982 | €58,283 | +€4,301 | +8.0% |
| Plant, machinery and equipment | 23 | €15,457 | €26,723 | +€11,266 | +72.9% |
| Furniture and vehicles | 24 | €38,525 | €31,560 | -€6,965 | -18.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Other financial fixed assets | 284/8 | €150 | €150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €5,790,945 | €8,628,854 | +€2.8m | +49.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,691,409 | €5,270,714 | +€1.6m | +42.8% |
| Trade receivables | 40 | €2,741,930 | €3,954,913 | +€1.2m | +44.2% |
| Other amounts receivable | 41 | €949,479 | €1,315,802 | +€366,322 | +38.6% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Other investments | 51/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,041,173 | €1,881,031 | +€839,857 | +80.7% |
| Deferred charges and accrued income | 490/1 | €1,033,362 | €1,477,110 | +€443,748 | +42.9% |
| Total equity and liabilities | 10/49 | €6,942,008 | €9,884,338 | +€2.9m | +42.4% |
| Equity | 10/15 | €1,973,689 | €3,442,828 | +€1.5m | +74.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,573,689 | €3,042,828 | +€1.5m | +93.4% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €1,533,689 | €3,002,828 | +€1.5m | +95.8% |
| Amounts payable | 17/49 | €4,968,319 | €6,441,510 | +€1.5m | +29.7% |
| Amounts payable within one year | 42/48 | €3,113,925 | €3,715,202 | +€601,276 | +19.3% |
| Trade debts | 44 | €1,835,041 | €2,193,889 | +€358,849 | +19.6% |
| Suppliers | 440/4 | €1,835,041 | €2,193,889 | +€358,849 | +19.6% |
| Advances received on contracts in progress | 46 | €248,579 | €390,824 | +€142,245 | +57.2% |
| Taxes, remuneration and social security | 45 | €1,030,306 | €1,130,488 | +€100,182 | +9.7% |
| Taxes | 450/3 | €449,608 | €527,900 | +€78,292 | +17.4% |
| Remuneration and social security | 454/9 | €580,698 | €602,588 | +€21,890 | +3.8% |
| Accrued charges and deferred income | 492/3 | €1,854,394 | €2,726,308 | +€871,914 | +47.0% |
| Operating income | 70/76A | €7,634,349 | €17,824,952 | +€10.2m | +133% |
| Turnover | 70 | €7,107,791 | €16,941,554 | +€9.8m | +138% |
| Own construction capitalised | 72 | €332,266 | €400,906 | +€68,641 | +20.7% |
| Other operating income | 74 | €194,011 | €481,588 | +€287,577 | +148% |
| Non-recurring operating income | 76A | €281 | €904 | +€622 | +221% |
| Operating charges | 60/66A | €7,623,787 | €15,725,652 | +€8.1m | +106% |
| Goods for resale, raw materials and consumables | 60 | €3,365,739 | €7,299,659 | +€3.9m | +117% |
| Purchases | 600/8 | €3,365,739 | €7,299,659 | +€3.9m | +117% |
| Services and other goods | 61 | €1,362,780 | €2,718,319 | +€1.4m | +99.5% |
| Remuneration, social security and pensions | 62 | €2,704,684 | €5,325,228 | +€2.6m | +96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,012 | €328,815 | +€204,803 | +165% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,053 | €30,199 | +€26,146 | +645% |
| Other operating charges | 640/8 | €18,449 | €23,433 | +€4,984 | +27.0% |
| Non-recurring operating charges | 66A | €44,069 | €0 | -€44,069 | -100% |
| Operating profit (loss) | 9901 | €10,562 | €2,099,300 | +€2.1m | +19,776% |
| Financial income | 75/76B | €4,753 | €65,691 | +€60,938 | +1,282% |
| Recurring financial income | 75 | €4,753 | €65,691 | +€60,938 | +1,282% |
| Income from current assets | 751 | €4,479 | €61,726 | +€57,247 | +1,278% |
| Other financial income | 752/9 | €274 | €3,965 | +€3,691 | +1,348% |
| Financial charges | 65/66B | €59,166 | €152,968 | +€93,803 | +159% |
| Recurring financial charges | 65 | €59,166 | €128,138 | +€68,973 | +117% |
| Debt charges | 650 | €52,457 | €106,898 | +€54,441 | +104% |
| Other financial charges | 652/9 | €6,709 | €21,240 | +€14,531 | +217% |
| Non-recurring financial charges | 66B | €0 | €24,830 | +€24,830 | |
| Profit (loss) for the period before taxes | 9903 | -€43,851 | €2,012,023 | +€2.1m | |
| Income taxes | 67/77 | -€2,902 | €542,884 | +€545,786 | |
| Taxes | 670/3 | €5,000 | €543,000 | +€538,000 | +10,760% |
| Tax adjustments and reversals of tax provisions | 77 | €7,902 | €116 | -€7,786 | -98.5% |
| Profit (loss) for the period | 9904 | -€40,949 | €1,469,139 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,949 | €1,469,139 | +€1.5m |
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 13 October 2026 via checked.be.