GMV Technology: 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.
GMV Technology
Largest movements
- Receivables within one year -€24,936
down €24,936 (-50.9%), from €49,022 to €24,086
of which Trade receivables: -€16,695
- Stocks and contracts +€10,646
up €10,646 (+94.0%), from €11,327 to €21,973
- Tangible fixed assets -€5,278
down €5,278 (-6.0%), from €87,640 to €82,362
of which Furniture and vehicles: -€4,675
- Cash -€2,269
down €2,269 (-42.1%), from €5,386 to €3,117
mainly Trade debts (-€18,035) and Stocks and contracts (-€10,646)
- Trade debts -€18,035
down €18,035 (-62.6%), from €28,820 to €10,785
- Profit (loss) carried forward +€8,397
up €8,397 (+204%), from €4,114 to €12,511
- Debts after one year -€6,887
down €6,887 (-53.4%), from €12,900 to €6,013
- Tax, wage and social debts -€3,935
down €3,935 (-17.3%), from €22,796 to €18,861
of which Taxes: -€2,624
- Gross operating margin -€12,198
down €12,198 (-16.2%), from €75,519 to €63,321
- Staff costs -€5,421
down €5,421 (-12.8%), from €42,447 to €37,026
- Depreciation +€3,149
up €3,149 (+39.5%), from €7,979 to €11,128
- Taxes -€3,048
down €3,048 (-40.0%), from €7,616 to €4,568
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 | €156,641 | €134,697 | -€21,944 | -14.0% |
| Fixed assets | 21/28 | €89,170 | €82,892 | -€6,278 | -7.0% |
| Tangible fixed assets | 22/27 | €87,640 | €82,362 | -€5,278 | -6.0% |
| Land and buildings | 22 | €74,482 | €73,879 | -€603 | -0.8% |
| Furniture and vehicles | 24 | €13,158 | €8,483 | -€4,675 | -35.5% |
| Financial fixed assets | 28 | €1,530 | €530 | -€1,000 | -65.4% |
| Current assets | 29/58 | €67,471 | €51,805 | -€15,666 | -23.2% |
| Stocks and contracts in progress | 3 | €11,327 | €21,973 | +€10,646 | +94.0% |
| Stocks | 30/36 | €11,327 | €21,973 | +€10,646 | +94.0% |
| Amounts receivable within one year | 40/41 | €49,022 | €24,086 | -€24,936 | -50.9% |
| Trade receivables | 40 | €30,829 | €14,134 | -€16,695 | -54.2% |
| Other amounts receivable | 41 | €18,193 | €9,952 | -€8,241 | -45.3% |
| Cash at bank and in hand | 54/58 | €5,386 | €3,117 | -€2,269 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,736 | €2,629 | +€893 | +51.4% |
| Total equity and liabilities | 10/49 | €156,641 | €134,697 | -€21,944 | -14.0% |
| Equity | 10/15 | €82,514 | €90,911 | +€8,397 | +10.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €58,400 | €58,400 | = | 0.0% |
| Distributable reserves | 133 | €58,400 | €58,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,114 | €12,511 | +€8,397 | +204% |
| Amounts payable | 17/49 | €74,127 | €43,786 | -€30,341 | -40.9% |
| Amounts payable after more than one year | 17 | €12,900 | €6,013 | -€6,887 | -53.4% |
| Financial debts | 170/4 | €12,900 | €6,013 | -€6,887 | -53.4% |
| Amounts payable within one year | 42/48 | €61,087 | €37,696 | -€23,391 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €9,471 | €8,050 | -€1,421 | -15.0% |
| Trade debts | 44 | €28,820 | €10,785 | -€18,035 | -62.6% |
| Suppliers | 440/4 | €28,820 | €10,785 | -€18,035 | -62.6% |
| Taxes, remuneration and social security | 45 | €22,796 | €18,861 | -€3,935 | -17.3% |
| Taxes | 450/3 | €10,460 | €7,836 | -€2,624 | -25.1% |
| Remuneration and social security | 454/9 | €12,336 | €11,025 | -€1,311 | -10.6% |
| Accrued charges and deferred income | 492/3 | €140 | €77 | -€63 | -45.0% |
| Remuneration, social security and pensions | 62 | €42,447 | €37,026 | -€5,421 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,979 | €11,128 | +€3,149 | +39.5% |
| Other operating charges | 640/8 | €1,592 | €1,303 | -€289 | -18.2% |
| Gross operating margin | 9900 | €75,519 | €63,321 | -€12,198 | -16.2% |
| Operating profit (loss) | 9901 | €23,501 | €13,864 | -€9,637 | -41.0% |
| Financial income | 75/76B | €72 | €18 | -€54 | -75.0% |
| Recurring financial income | 75 | €72 | €18 | -€54 | -75.0% |
| Financial charges | 65/66B | €782 | €917 | +€135 | +17.3% |
| Recurring financial charges | 65 | €782 | €917 | +€135 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €22,791 | €12,965 | -€9,826 | -43.1% |
| Income taxes | 67/77 | €7,616 | €4,568 | -€3,048 | -40.0% |
| Profit (loss) for the period | 9904 | €15,175 | €8,397 | -€6,778 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,175 | €8,397 | -€6,778 | -44.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.