GMTECH: 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.
GMTECH
Largest movements
- Cash +€38,315
up €38,315 (+673.1%), from €5,693 to €44,008
mainly Net result for the year (+€42,346) and Tax, wage and social debts (+€17,524)
- Receivables within one year +€11,298
up €11,298 (+1382.4%), from €817 to €12,115
of which Trade receivables: +€12,115
- Deferred charges and accrued income -€1,630
down €1,630 (-86.0%), from €1,895 to €265
- Tangible fixed assets +€1,030
up €1,030 (+25.9%), from €3,979 to €5,008
of which Furniture and vehicles: +€1,140
- Profit (loss) carried forward +€42,346
up €42,346, from -€3,742 to €38,604
- Tax, wage and social debts +€17,524
new in 2025: €17,524
- Other debts -€7,295
down €7,295 (-92.4%), from €7,896 to €601
- Trade debts -€3,876
down €3,876 (-100.0%), from €3,876 to €0
- Gross operating margin +€58,641
up €58,641, from -€3,301 to €55,340
- Taxes +€10,543
new in 2025: €10,543
- Depreciation +€1,569
up €1,569 (+2953.8%), from €53 to €1,622
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
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 | €12,384 | €61,397 | +€49,013 | +395.8% |
| Fixed assets | 21/28 | €3,979 | €5,008 | +€1,030 | +25.9% |
| Tangible fixed assets | 22/27 | €3,979 | €5,008 | +€1,030 | +25.9% |
| Furniture and vehicles | 24 | €3,432 | €4,571 | +€1,140 | +33.2% |
| Other tangible fixed assets | 26 | €547 | €437 | -€110 | -20.2% |
| Current assets | 29/58 | €8,405 | €56,388 | +€47,983 | +570.9% |
| Amounts receivable within one year | 40/41 | €817 | €12,115 | +€11,298 | +1382.4% |
| Trade receivables | 40 | - | €12,115 | +€12,115 | |
| Other amounts receivable | 41 | €817 | €0 | -€817 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,693 | €44,008 | +€38,315 | +673.1% |
| Deferred charges and accrued income | 490/1 | €1,895 | €265 | -€1,630 | -86.0% |
| Total equity and liabilities | 10/49 | €12,384 | €61,397 | +€49,013 | +395.8% |
| Equity | 10/15 | -€742 | €41,604 | +€42,346 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,742 | €38,604 | +€42,346 | |
| Amounts payable | 17/49 | €13,126 | €19,792 | +€6,667 | +50.8% |
| Amounts payable within one year | 42/48 | €11,772 | €18,125 | +€6,353 | +54.0% |
| Trade debts | 44 | €3,876 | €0 | -€3,876 | -100.0% |
| Suppliers | 440/4 | €3,876 | €0 | -€3,876 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €17,524 | +€17,524 | |
| Taxes | 450/3 | - | €17,524 | +€17,524 | |
| Other amounts payable | 47/48 | €7,896 | €601 | -€7,295 | -92.4% |
| Accrued charges and deferred income | 492/3 | €1,353 | €1,668 | +€314 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €1,622 | +€1,569 | +2953.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,301 | €55,340 | +€58,641 | |
| Operating profit (loss) | 9901 | -€3,742 | €53,317 | +€57,059 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €429 | +€429 | |
| Recurring financial charges | 65 | - | €429 | +€429 | |
| Profit (loss) for the period before taxes | 9903 | -€3,742 | €52,889 | +€56,631 | |
| Income taxes | 67/77 | - | €10,543 | +€10,543 | |
| Profit (loss) for the period | 9904 | -€3,742 | €42,346 | +€46,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,742 | €42,346 | +€46,088 |
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.