GMT: 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.
GMT
Largest movements
- Receivables within one year -€3,209
down €3,209 (-84.0%), from €3,819 to €610
of which Other amounts receivable: -€3,814
- Tangible fixed assets -€972
down €972 (-100%), from €972 to €0
- Cash +€346
up €346, from €0 to €346
mainly Other debts (+€4,373) and Receivables within one year (+€3,209)
- Profit (loss) carried forward -€5,770
down €5,770 (-27.3%), from -€21,123 to -€26,893
- Other debts +€4,373
up €4,373 (+149%), from €2,942 to €7,315
- Short-term financial debts -€1,764
down €1,764 (-100%), from €1,764 to €0
- Trade debts -€668
down €668 (-38.5%), from €1,736 to €1,068
- Depreciation -€2,844
down €2,844 (-74.5%), from €3,816 to €972
- Other operating charges -€817
down €817 (-57.2%), from €1,428 to €611
- Gross operating margin -€660
down €660 (-20.4%), from -€3,231 to -€3,891
- Financial charges -€314
down €314 (-58.4%), from €537 to €223
- Taxes -€100
down €100 (-57.1%), from €174 to €75
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 | €4,990 | €1,166 | -€3,825 | -76.6% |
| Fixed assets | 21/28 | €972 | €0 | -€972 | -100% |
| Tangible fixed assets | 22/27 | €972 | €0 | -€972 | -100% |
| Furniture and vehicles | 24 | €972 | €0 | -€972 | -100% |
| Current assets | 29/58 | €4,018 | €1,166 | -€2,853 | -71.0% |
| Amounts receivable within one year | 40/41 | €3,819 | €610 | -€3,209 | -84.0% |
| Trade receivables | 40 | €0 | €605 | +€605 | |
| Other amounts receivable | 41 | €3,819 | €5 | -€3,814 | -99.9% |
| Cash at bank and in hand | 54/58 | €0 | €346 | +€346 | |
| Deferred charges and accrued income | 490/1 | €199 | €210 | +€10 | +5.2% |
| Total equity and liabilities | 10/49 | €4,990 | €1,166 | -€3,825 | -76.6% |
| Equity | 10/15 | -€1,903 | -€7,673 | -€5,770 | -303% |
| Contributions | 10/11 | €17,361 | €17,361 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,123 | -€26,893 | -€5,770 | -27.3% |
| Amounts payable | 17/49 | €6,893 | €8,839 | +€1,945 | +28.2% |
| Amounts payable within one year | 42/48 | €6,893 | €8,839 | +€1,945 | +28.2% |
| Financial debts | 43 | €1,764 | €0 | -€1,764 | -100% |
| Credit institutions | 430/8 | €1,764 | €0 | -€1,764 | -100% |
| Trade debts | 44 | €1,736 | €1,068 | -€668 | -38.5% |
| Suppliers | 440/4 | €1,736 | €1,068 | -€668 | -38.5% |
| Taxes, remuneration and social security | 45 | €452 | €456 | +€4 | +0.9% |
| Taxes | 450/3 | €452 | €456 | +€4 | +0.9% |
| Other amounts payable | 47/48 | €2,942 | €7,315 | +€4,373 | +149% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,816 | €972 | -€2,844 | -74.5% |
| Other operating charges | 640/8 | €1,428 | €611 | -€817 | -57.2% |
| Gross operating margin | 9900 | -€3,231 | -€3,891 | -€660 | -20.4% |
| Operating profit (loss) | 9901 | -€8,475 | -€5,474 | +€3,002 | +35.4% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €537 | €223 | -€314 | -58.4% |
| Recurring financial charges | 65 | €537 | €223 | -€314 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,012 | -€5,695 | +€3,317 | +36.8% |
| Income taxes | 67/77 | €174 | €75 | -€100 | -57.1% |
| Profit (loss) for the period | 9904 | -€9,187 | -€5,770 | +€3,417 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,187 | -€5,770 | +€3,417 | +37.2% |
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 14 October 2026 via checked.be.