GMV Innovating Solutions: what changed
GMV Innovating Solutions
Largest movements
- Receivables within one year +€142,298
up €142,298 (+180%), from €79,147 to €221,445
of which Trade receivables: +€139,246
- Cash -€43,181
down €43,181 (-60.6%), from €71,288 to €28,107
mainly Receivables within one year (-€142,298)
- Tax, wage and social debts +€65,380
up €65,380 (+153%), from €42,665 to €108,045
of which Remuneration and social security: +€51,685
- Trade debts +€19,465
up €19,465 (+56.0%), from €34,769 to €54,234
- Profit (loss) carried forward +€12,313
up €12,313 (+39.8%), from €30,903 to €43,216
- Gross operating margin +€112,365
up €112,365 (+31.6%), from €355,585 to €467,950
- Staff costs +€106,908
up €106,908 (+31.4%), from €340,300 to €447,208
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 | €158,583 | €255,748 | +€97,165 | +61.3% |
| Fixed assets | 21/28 | €4,074 | €4,074 | = | 0.0% |
| Financial fixed assets | 28 | €4,074 | €4,074 | = | 0.0% |
| Current assets | 29/58 | €154,509 | €251,674 | +€97,165 | +62.9% |
| Amounts receivable within one year | 40/41 | €79,147 | €221,445 | +€142,298 | +180% |
| Trade receivables | 40 | €72,555 | €211,801 | +€139,246 | +192% |
| Other amounts receivable | 41 | €6,592 | €9,643 | +€3,051 | +46.3% |
| Cash at bank and in hand | 54/58 | €71,288 | €28,107 | -€43,181 | -60.6% |
| Deferred charges and accrued income | 490/1 | €4,074 | €2,123 | -€1,951 | -47.9% |
| Total equity and liabilities | 10/49 | €158,583 | €255,748 | +€97,165 | +61.3% |
| Equity | 10/15 | €80,903 | €93,216 | +€12,313 | +15.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,903 | €43,216 | +€12,313 | +39.8% |
| Amounts payable | 17/49 | €77,680 | €162,532 | +€84,852 | +109% |
| Amounts payable within one year | 42/48 | €77,680 | €162,532 | +€84,852 | +109% |
| Trade debts | 44 | €34,769 | €54,234 | +€19,465 | +56.0% |
| Suppliers | 440/4 | €34,769 | €54,234 | +€19,465 | +56.0% |
| Taxes, remuneration and social security | 45 | €42,665 | €108,045 | +€65,380 | +153% |
| Taxes | 450/3 | €3,950 | €17,645 | +€13,695 | +347% |
| Remuneration and social security | 454/9 | €38,715 | €90,400 | +€51,685 | +134% |
| Other amounts payable | 47/48 | €246 | €253 | +€7 | +2.8% |
| Remuneration, social security and pensions | 62 | €340,300 | €447,208 | +€106,908 | +31.4% |
| Other operating charges | 640/8 | €387 | €1,400 | +€1,012 | +261% |
| Gross operating margin | 9900 | €355,585 | €467,950 | +€112,365 | +31.6% |
| Operating profit (loss) | 9901 | €14,898 | €19,342 | +€4,444 | +29.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,178 | €1,020 | -€157 | -13.4% |
| Recurring financial charges | 65 | €1,178 | €1,020 | -€157 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €13,720 | €18,322 | +€4,602 | +33.5% |
| Income taxes | 67/77 | €3,950 | €6,009 | +€2,059 | +52.1% |
| Profit (loss) for the period | 9904 | €9,770 | €12,313 | +€2,543 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,770 | €12,313 | +€2,543 | +26.0% |
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 4 November 2026 via checked.be.