GMS INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€18,844
down €18,844 (-6.0%), from €316,575 to €297,731
- Cash -€3,214
down €3,214 (-84.6%), from €3,801 to €587
mainly Debts after one year (-€19,985) and Net result for the year (-€6,050)
- Debts after one year -€19,985
down €19,985 (-6.0%), from €332,230 to €312,245
- Profit (loss) carried forward -€6,050
down €6,050 (-9.7%), from -€62,621 to -€68,670
- Gross operating margin +€8,213
up €8,213 (+65.4%), from €12,565 to €20,778
- Financial charges -€511
down €511 (-6.0%), from €8,495 to €7,984
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 | €320,376 | €298,318 | -€22,058 | -6.9% |
| Fixed assets | 21/28 | €316,575 | €297,731 | -€18,844 | -6.0% |
| Tangible fixed assets | 22/27 | €316,575 | €297,731 | -€18,844 | -6.0% |
| Land and buildings | 22 | €316,575 | €297,731 | -€18,844 | -6.0% |
| Current assets | 29/58 | €3,801 | €587 | -€3,214 | -84.6% |
| Cash at bank and in hand | 54/58 | €3,801 | €587 | -€3,214 | -84.6% |
| Total equity and liabilities | 10/49 | €320,376 | €298,318 | -€22,058 | -6.9% |
| Equity | 10/15 | -€57,621 | -€63,670 | -€6,050 | -10.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,621 | -€68,670 | -€6,050 | -9.7% |
| Amounts payable | 17/49 | €377,997 | €361,988 | -€16,008 | -4.2% |
| Amounts payable after more than one year | 17 | €332,230 | €312,245 | -€19,985 | -6.0% |
| Financial debts | 170/4 | €332,230 | €312,245 | -€19,985 | -6.0% |
| Amounts payable within one year | 42/48 | €45,766 | €49,743 | +€3,977 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €18,231 | €19,985 | +€1,755 | +9.6% |
| Trade debts | 44 | €408 | €2,630 | +€2,222 | +545% |
| Suppliers | 440/4 | €408 | €2,630 | +€2,222 | +545% |
| Other amounts payable | 47/48 | €27,128 | €27,128 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,844 | €18,844 | = | 0.0% |
| Other operating charges | 640/8 | - | €0 | +€0 | |
| Gross operating margin | 9900 | €12,565 | €20,778 | +€8,213 | +65.4% |
| Operating profit (loss) | 9901 | -€6,279 | €1,934 | +€8,213 | |
| Financial charges | 65/66B | €8,495 | €7,984 | -€511 | -6.0% |
| Recurring financial charges | 65 | €8,495 | €7,984 | -€511 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,774 | -€6,050 | +€8,724 | +59.1% |
| Profit (loss) for the period | 9904 | -€14,774 | -€6,050 | +€8,724 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,774 | -€6,050 | +€8,724 | +59.1% |
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 30 October 2026 via checked.be.