GMS TRANS: 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 TRANS
Largest movements
- Receivables within one year +€18,941
up €18,941 (+30.6%), from €61,972 to €80,914
of which Other amounts receivable: +€11,964
- Tangible fixed assets -€6,674
down €6,674 (-26.0%), from €25,629 to €18,955
of which Furniture and vehicles: -€5,034
- Profit (loss) carried forward +€29,272
up €29,272 (+52.7%), from -€55,549 to -€26,276
- Short-term financial debts -€11,142
down €11,142 (-26.4%), from €42,124 to €30,982
- Trade debts -€5,885
down €5,885 (-71.0%), from €8,289 to €2,404
- Gross operating margin +€60,296
up €60,296 (+933.7%), from €6,458 to €66,754
- Other operating charges -€9,609
down €9,609 (-33.5%), from €28,676 to €19,067
- Depreciation +€3,093
up €3,093 (+47.0%), from €6,581 to €9,674
- Financial charges +€889
up €889 (+11.3%), from €7,857 to €8,746
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,442 | €119,687 | +€12,245 | +11.4% |
| Fixed assets | 21/28 | €39,779 | €33,105 | -€6,674 | -16.8% |
| Tangible fixed assets | 22/27 | €25,629 | €18,955 | -€6,674 | -26.0% |
| Plant, machinery and equipment | 23 | €1,394 | €715 | -€679 | -48.7% |
| Furniture and vehicles | 24 | €17,266 | €12,232 | -€5,034 | -29.2% |
| Other tangible fixed assets | 26 | €6,969 | €6,007 | -€961 | -13.8% |
| Financial fixed assets | 28 | €14,150 | €14,150 | = | 0.0% |
| Current assets | 29/58 | €67,663 | €86,582 | +€18,919 | +28.0% |
| Amounts receivable within one year | 40/41 | €61,972 | €80,914 | +€18,941 | +30.6% |
| Trade receivables | 40 | €36,362 | €43,339 | +€6,977 | +19.2% |
| Other amounts receivable | 41 | €25,610 | €37,574 | +€11,964 | +46.7% |
| Deferred charges and accrued income | 490/1 | €5,691 | €5,669 | -€22 | -0.4% |
| Total equity and liabilities | 10/49 | €107,442 | €119,687 | +€12,245 | +11.4% |
| Equity | 10/15 | €56,301 | €85,574 | +€29,272 | +52.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,850 | €108,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Distributable reserves | 133 | €107,000 | €107,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,549 | -€26,276 | +€29,272 | +52.7% |
| Amounts payable | 17/49 | €51,140 | €34,113 | -€17,027 | -33.3% |
| Amounts payable within one year | 42/48 | €51,140 | €34,113 | -€17,027 | -33.3% |
| Financial debts | 43 | €42,124 | €30,982 | -€11,142 | -26.4% |
| Credit institutions | 430/8 | €42,124 | €30,982 | -€11,142 | -26.4% |
| Trade debts | 44 | €8,289 | €2,404 | -€5,885 | -71.0% |
| Suppliers | 440/4 | €8,289 | €2,404 | -€5,885 | -71.0% |
| Advances received on contracts in progress | 46 | €607 | €607 | = | 0.0% |
| Other amounts payable | 47/48 | €120 | €120 | = | 0.0% |
| Non-recurring operating income | 76A | - | €19,140 | +€19,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,581 | €9,674 | +€3,093 | +47.0% |
| Other operating charges | 640/8 | €28,676 | €19,067 | -€9,609 | -33.5% |
| Gross operating margin | 9900 | €6,458 | €66,754 | +€60,296 | +933.7% |
| Operating profit (loss) | 9901 | -€28,799 | €38,013 | +€66,812 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €7,857 | €8,746 | +€889 | +11.3% |
| Recurring financial charges | 65 | €7,857 | €8,746 | +€889 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,655 | €29,272 | +€65,927 | |
| Profit (loss) for the period | 9904 | -€36,655 | €29,272 | +€65,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,655 | €29,272 | +€65,927 |
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 9 October 2026 via checked.be.