GMT Company: what changed
GMT Company
Largest movements
- Receivables within one year +€22,161
up €22,161 (+1,961%), from €1,130 to €23,291
of which Trade receivables: +€19,288
- Cash +€14,509
up €14,509 (+42.1%), from €34,487 to €48,997
mainly Net result for the year (+€26,116) and Tax, wage and social debts (+€9,360)
- Tangible fixed assets +€1,624
up €1,624 (+228%), from €713 to €2,338
of which Furniture and vehicles: +€1,871
- Deferred charges and accrued income +€933
new in 2025: €933
- Profit (loss) carried forward +€26,116
up €26,116 (+1,823%), from €1,433 to €27,549
- Tax, wage and social debts +€9,360
up €9,360 (+61.3%), from €15,265 to €24,625
of which Taxes: +€9,967
- Other debts +€4,791
up €4,791 (+117%), from €4,094 to €8,885
- Trade debts -€1,039
down €1,039 (-100%), from €1,039 to €0
- Gross operating margin +€15,255
up €15,255 (+75.0%), from €20,342 to €35,597
- Taxes +€1,945
up €1,945 (+29.0%), from €6,704 to €8,648
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,331 | €75,559 | +€39,228 | +108% |
| Fixed assets | 21/28 | €713 | €2,338 | +€1,624 | +228% |
| Tangible fixed assets | 22/27 | €713 | €2,338 | +€1,624 | +228% |
| Plant, machinery and equipment | 23 | €713 | €467 | -€246 | -34.5% |
| Furniture and vehicles | 24 | - | €1,871 | +€1,871 | |
| Current assets | 29/58 | €35,618 | €73,221 | +€37,603 | +106% |
| Amounts receivable within one year | 40/41 | €1,130 | €23,291 | +€22,161 | +1,961% |
| Trade receivables | 40 | €1,130 | €20,418 | +€19,288 | +1,707% |
| Other amounts receivable | 41 | - | €2,873 | +€2,873 | |
| Cash at bank and in hand | 54/58 | €34,487 | €48,997 | +€14,509 | +42.1% |
| Deferred charges and accrued income | 490/1 | - | €933 | +€933 | |
| Total equity and liabilities | 10/49 | €36,331 | €75,559 | +€39,228 | +108% |
| Equity | 10/15 | €15,933 | €42,049 | +€26,116 | +164% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,433 | €27,549 | +€26,116 | +1,823% |
| Amounts payable | 17/49 | €20,398 | €33,509 | +€13,111 | +64.3% |
| Amounts payable within one year | 42/48 | €20,398 | €33,509 | +€13,111 | +64.3% |
| Trade debts | 44 | €1,039 | €0 | -€1,039 | -100% |
| Suppliers | 440/4 | €1,039 | €0 | -€1,039 | -100% |
| Taxes, remuneration and social security | 45 | €15,265 | €24,625 | +€9,360 | +61.3% |
| Taxes | 450/3 | €14,658 | €24,625 | +€9,967 | +68.0% |
| Remuneration and social security | 454/9 | €607 | €0 | -€607 | -100% |
| Other amounts payable | 47/48 | €4,094 | €8,885 | +€4,791 | +117% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26 | €246 | +€221 | +863% |
| Other operating charges | 640/8 | €315 | €332 | +€17 | +5.3% |
| Gross operating margin | 9900 | €20,342 | €35,597 | +€15,255 | +75.0% |
| Operating profit (loss) | 9901 | €20,001 | €35,018 | +€15,017 | +75.1% |
| Financial income | 75/76B | €24 | €45 | +€21 | +87.5% |
| Recurring financial income | 75 | €24 | €45 | +€21 | +87.5% |
| Financial charges | 65/66B | €281 | €298 | +€17 | +6.1% |
| Recurring financial charges | 65 | €281 | €298 | +€17 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €19,744 | €34,765 | +€15,021 | +76.1% |
| Income taxes | 67/77 | €6,704 | €8,648 | +€1,945 | +29.0% |
| Profit (loss) for the period | 9904 | €13,040 | €26,116 | +€13,076 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €13,040 | €26,116 | +€13,076 | +100% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.