GML-TECH: 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.
GML-TECH
Largest movements
- Cash -€13,609
down €13,609 (-75.2%), from €18,103 to €4,494
mainly Debts after one year (-€347,625) and Investment in fixed assets (net) (-€22,990)
- Debts after one year -€347,625
down €347,625 (-52.6%), from €661,190 to €313,565
- Other debts +€250,208
up €250,208 (+7953.0%), from €3,146 to €253,354
- Profit (loss) carried forward +€88,914
up €88,914 (+101.7%), from €87,389 to €176,303
- Gross operating margin +€78,670
up €78,670 (+91.5%), from €85,969 to €164,638
- Taxes +€20,920
up €20,920 (+170.9%), from €12,243 to €33,163
- Financial charges -€13,247
down €13,247 (-38.5%), from €34,394 to €21,146
- Depreciation +€8,464
up €8,464 (+131.5%), from €6,438 to €14,901
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 | €823,903 | €814,746 | -€9,158 | -1.1% |
| Fixed assets | 21/28 | €786,989 | €795,077 | +€8,088 | +1.0% |
| Tangible fixed assets | 22/27 | €25,470 | €33,558 | +€8,088 | +31.8% |
| Plant, machinery and equipment | 23 | €2,492 | €2,988 | +€496 | +19.9% |
| Furniture and vehicles | 24 | €22,977 | €30,569 | +€7,592 | +33.0% |
| Financial fixed assets | 28 | €761,519 | €761,519 | = | 0.0% |
| Current assets | 29/58 | €36,915 | €19,669 | -€17,246 | -46.7% |
| Amounts receivable within one year | 40/41 | €14,251 | €14,327 | +€76 | +0.5% |
| Trade receivables | 40 | €14,089 | €14,327 | +€238 | +1.7% |
| Other amounts receivable | 41 | €162 | €0 | -€162 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,103 | €4,494 | -€13,609 | -75.2% |
| Deferred charges and accrued income | 490/1 | €4,561 | €848 | -€3,713 | -81.4% |
| Total equity and liabilities | 10/49 | €823,903 | €814,746 | -€9,158 | -1.1% |
| Equity | 10/15 | €91,389 | €180,303 | +€88,914 | +97.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,389 | €176,303 | +€88,914 | +101.7% |
| Amounts payable | 17/49 | €732,514 | €634,442 | -€98,072 | -13.4% |
| Amounts payable after more than one year | 17 | €661,190 | €313,565 | -€347,625 | -52.6% |
| Financial debts | 170/4 | €661,190 | €313,565 | -€347,625 | -52.6% |
| Amounts payable within one year | 42/48 | €71,324 | €320,877 | +€249,553 | +349.9% |
| Current portion of amounts payable after more than one year | 42 | €50,810 | €47,625 | -€3,185 | -6.3% |
| Trade debts | 44 | €3,356 | €1,281 | -€2,075 | -61.8% |
| Suppliers | 440/4 | €3,356 | €1,281 | -€2,075 | -61.8% |
| Taxes, remuneration and social security | 45 | €14,013 | €18,617 | +€4,604 | +32.9% |
| Taxes | 450/3 | €14,013 | €18,617 | +€4,604 | +32.9% |
| Other amounts payable | 47/48 | €3,146 | €253,354 | +€250,208 | +7953.0% |
| Non-recurring operating income | 76A | - | €3,429 | +€3,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,438 | €14,901 | +€8,464 | +131.5% |
| Other operating charges | 640/8 | €757 | €647 | -€111 | -14.6% |
| Gross operating margin | 9900 | €85,969 | €164,638 | +€78,670 | +91.5% |
| Operating profit (loss) | 9901 | €78,774 | €149,090 | +€70,317 | +89.3% |
| Financial income | 75/76B | €86 | €33 | -€54 | -62.1% |
| Recurring financial income | 75 | €86 | €33 | -€54 | -62.1% |
| Financial charges | 65/66B | €34,394 | €21,146 | -€13,247 | -38.5% |
| Recurring financial charges | 65 | €34,394 | €21,146 | -€13,247 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €44,467 | €127,977 | +€83,510 | +187.8% |
| Income taxes | 67/77 | €12,243 | €33,163 | +€20,920 | +170.9% |
| Profit (loss) for the period | 9904 | €32,223 | €94,814 | +€62,591 | +194.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,223 | €94,814 | +€62,591 | +194.2% |
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 29 September 2026 via checked.be.