GMS 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.
GMS GROUP
Largest movements
- Tangible fixed assets -€5,400
down €5,400 (-60.0%), from €9,000 to €3,600
- Receivables within one year +€2,284
up €2,284 (+610%), from €375 to €2,658
of which Trade receivables: +€1,722
- Cash +€1,733
up €1,733 (+18.4%), from €9,435 to €11,167
mainly Depreciation (+€5,400) and Trade debts (+€988)
- Other debts -€1,342
down €1,342 (-12.7%), from €10,580 to €9,238
- Profit (loss) carried forward -€1,029
down €1,029 (-25.5%), from €4,044 to €3,015
- Trade debts +€988
up €988 (+227%), from €436 to €1,423
- Gross operating margin -€5,725
down €5,725 (-39.2%), from €14,616 to €8,891
- Staff costs +€3,566
new in 2025: €3,566
- Depreciation -€3,049
down €3,049 (-36.1%), from €8,449 to €5,400
- Taxes -€1,250
no longer reported in 2025 (was €1,250)
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 | €18,809 | €17,425 | -€1,384 | -7.4% |
| Fixed assets | 21/28 | €9,000 | €3,600 | -€5,400 | -60.0% |
| Tangible fixed assets | 22/27 | €9,000 | €3,600 | -€5,400 | -60.0% |
| Furniture and vehicles | 24 | €9,000 | €3,600 | -€5,400 | -60.0% |
| Current assets | 29/58 | €9,809 | €13,825 | +€4,016 | +40.9% |
| Amounts receivable within one year | 40/41 | €375 | €2,658 | +€2,284 | +610% |
| Trade receivables | 40 | - | €1,722 | +€1,722 | |
| Other amounts receivable | 41 | €375 | €936 | +€562 | +150% |
| Cash at bank and in hand | 54/58 | €9,435 | €11,167 | +€1,733 | +18.4% |
| Total equity and liabilities | 10/49 | €18,809 | €17,425 | -€1,384 | -7.4% |
| Equity | 10/15 | €6,544 | €5,515 | -€1,029 | -15.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,044 | €3,015 | -€1,029 | -25.5% |
| Amounts payable | 17/49 | €12,265 | €11,911 | -€355 | -2.9% |
| Amounts payable within one year | 42/48 | €12,265 | €11,911 | -€355 | -2.9% |
| Trade debts | 44 | €436 | €1,423 | +€988 | +227% |
| Suppliers | 440/4 | €436 | €1,423 | +€988 | +227% |
| Taxes, remuneration and social security | 45 | €1,250 | €1,250 | = | 0.0% |
| Taxes | 450/3 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €10,580 | €9,238 | -€1,342 | -12.7% |
| Remuneration, social security and pensions | 62 | - | €3,566 | +€3,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,449 | €5,400 | -€3,049 | -36.1% |
| Other operating charges | 640/8 | €817 | €909 | +€92 | +11.3% |
| Gross operating margin | 9900 | €14,616 | €8,891 | -€5,725 | -39.2% |
| Operating profit (loss) | 9901 | €5,350 | -€984 | -€6,335 | |
| Financial charges | 65/66B | €57 | €45 | -€12 | -20.4% |
| Recurring financial charges | 65 | €57 | €45 | -€12 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €5,294 | -€1,029 | -€6,323 | |
| Income taxes | 67/77 | €1,250 | - | -€1,250 | |
| Profit (loss) for the period | 9904 | €4,044 | -€1,029 | -€5,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,044 | -€1,029 | -€5,073 |
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 19 October 2026 via checked.be.