GMT Service: 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 Service
Largest movements
- Receivables within one year +€13,065
up €13,065 (+980%), from €1,333 to €14,398
of which Trade receivables: +€12,122
- Cash +€3,211
up €3,211 (+38.4%), from €8,362 to €11,573
mainly Net result for the year (+€17,664) and Trade debts (+€1,254)
- Tangible fixed assets +€636
up €636 (+1,963%), from €32 to €668
- Profit (loss) carried forward +€17,664
up €17,664 (+73.5%), from -€24,023 to -€6,359
- Other debts -€2,769
no longer reported in 2024 (was €2,769)
- Trade debts +€1,254
up €1,254 (+28.4%), from €4,410 to €5,664
- Tax, wage and social debts +€999
up €999 (+359%), from €279 to €1,278
of which Remuneration and social security: +€836
- Gross operating margin +€66,239
up €66,239, from -€1,939 to €64,300
- Staff costs +€38,280
up €38,280 (+737%), from €5,195 to €43,475
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,847 | €26,994 | +€17,147 | +174% |
| Fixed assets | 21/28 | €152 | €788 | +€636 | +417% |
| Tangible fixed assets | 22/27 | €32 | €668 | +€636 | +1,963% |
| Furniture and vehicles | 24 | €32 | €668 | +€636 | +1,963% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €9,695 | €26,206 | +€16,511 | +170% |
| Amounts receivable within one year | 40/41 | €1,333 | €14,398 | +€13,065 | +980% |
| Trade receivables | 40 | - | €12,122 | +€12,122 | |
| Other amounts receivable | 41 | €1,333 | €2,276 | +€943 | +70.7% |
| Cash at bank and in hand | 54/58 | €8,362 | €11,573 | +€3,211 | +38.4% |
| Deferred charges and accrued income | 490/1 | - | €235 | +€235 | |
| Total equity and liabilities | 10/49 | €9,847 | €26,994 | +€17,147 | +174% |
| Equity | 10/15 | €2,389 | €20,052 | +€17,664 | +739% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,812 | €7,812 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,675 | €1,675 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,675 | €1,675 | = | 0.0% |
| Distributable reserves | 133 | €6,136 | €6,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,023 | -€6,359 | +€17,664 | +73.5% |
| Amounts payable | 17/49 | €7,458 | €6,942 | -€516 | -6.9% |
| Amounts payable within one year | 42/48 | €7,458 | €6,942 | -€516 | -6.9% |
| Trade debts | 44 | €4,410 | €5,664 | +€1,254 | +28.4% |
| Suppliers | 440/4 | €4,410 | €5,664 | +€1,254 | +28.4% |
| Taxes, remuneration and social security | 45 | €279 | €1,278 | +€999 | +359% |
| Taxes | 450/3 | €279 | €442 | +€163 | +58.7% |
| Remuneration and social security | 454/9 | - | €836 | +€836 | |
| Other amounts payable | 47/48 | €2,769 | - | -€2,769 | |
| Remuneration, social security and pensions | 62 | €5,195 | €43,475 | +€38,280 | +737% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €367 | -€528 | -59.0% |
| Other operating charges | 640/8 | €1,475 | €1,993 | +€519 | +35.2% |
| Gross operating margin | 9900 | -€1,939 | €64,300 | +€66,239 | |
| Operating profit (loss) | 9901 | -€9,503 | €18,466 | +€27,968 | |
| Financial charges | 65/66B | €1,229 | €639 | -€590 | -48.0% |
| Recurring financial charges | 65 | €1,229 | €639 | -€590 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,732 | €17,827 | +€28,559 | |
| Income taxes | 67/77 | €160 | €163 | +€3 | +2.1% |
| Profit (loss) for the period | 9904 | -€10,892 | €17,664 | +€28,555 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,892 | €17,664 | +€28,555 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.