GMY: 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.
GMY
Largest movements
- Receivables after one year -€35,882
down €35,882 (-75.3%), from €47,624 to €11,742
- Stocks and contracts +€4,640
up €4,640 (+29.2%), from €15,895 to €20,535
- Tangible fixed assets +€1,570
up €1,570 (+401%), from €392 to €1,962
of which Furniture and vehicles: +€1,653
- Cash +€913
new in 2025: €913
mainly Receivables after one year (+€35,882) and Trade debts (+€3,790)
- Profit (loss) carried forward -€26,580
down €26,580, from €8,271 to -€18,309
- Trade debts +€3,790
up €3,790 (+41.8%), from €9,076 to €12,866
- Tax, wage and social debts -€2,963
down €2,963 (-25.3%), from €11,723 to €8,760
of which Taxes: -€3,543
- Short-term financial debts -€2,903
no longer reported in 2025 (was €2,903)
- Staff costs +€18,764
new in 2025: €18,764
- Gross operating margin +€4,869
new in 2025: €4,869
- Other operating charges +€971
new in 2025: €971
- Depreciation +€399
new in 2025: €399
- Financial charges +€190
new in 2025: €190
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €74,546 | €45,465 | -€29,082 | -39.0% |
| Fixed assets | 21/28 | €640 | €2,210 | +€1,570 | +246% |
| Tangible fixed assets | 22/27 | €392 | €1,962 | +€1,570 | +401% |
| Plant, machinery and equipment | 23 | €277 | €234 | -€43 | -15.5% |
| Furniture and vehicles | 24 | €76 | €1,728 | +€1,653 | +2,185% |
| Other tangible fixed assets | 26 | €39 | - | -€39 | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €73,907 | €43,255 | -€30,652 | -41.5% |
| Amounts receivable after more than one year | 29 | €47,624 | €11,742 | -€35,882 | -75.3% |
| Trade receivables | 290 | €47,624 | €11,742 | -€35,882 | -75.3% |
| Stocks and contracts in progress | 3 | €15,895 | €20,535 | +€4,640 | +29.2% |
| Stocks | 30/36 | €15,895 | €20,535 | +€4,640 | +29.2% |
| Amounts receivable within one year | 40/41 | €9 | €72 | +€62 | +657% |
| Trade receivables | 40 | €2 | €64 | +€62 | +2,822% |
| Other amounts receivable | 41 | €7 | €7 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €913 | +€913 | |
| Deferred charges and accrued income | 490/1 | €10,378 | €9,993 | -€386 | -3.7% |
| Total equity and liabilities | 10/49 | €74,546 | €45,465 | -€29,082 | -39.0% |
| Equity | 10/15 | €19,996 | -€6,584 | -€26,580 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,725 | €8,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,725 | €8,725 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,725 | €8,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,271 | -€18,309 | -€26,580 | |
| Amounts payable | 17/49 | €54,550 | €52,049 | -€2,501 | -4.6% |
| Amounts payable within one year | 42/48 | €54,550 | €52,049 | -€2,501 | -4.6% |
| Financial debts | 43 | €2,903 | - | -€2,903 | |
| Credit institutions | 430/8 | €2,903 | - | -€2,903 | |
| Trade debts | 44 | €9,076 | €12,866 | +€3,790 | +41.8% |
| Suppliers | 440/4 | €9,076 | €12,866 | +€3,790 | +41.8% |
| Taxes, remuneration and social security | 45 | €11,723 | €8,760 | -€2,963 | -25.3% |
| Taxes | 450/3 | €8,780 | €5,236 | -€3,543 | -40.4% |
| Remuneration and social security | 454/9 | €2,944 | €3,524 | +€580 | +19.7% |
| Other amounts payable | 47/48 | €30,848 | €30,423 | -€425 | -1.4% |
| Remuneration, social security and pensions | 62 | - | €18,764 | +€18,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €399 | +€399 | |
| Other operating charges | 640/8 | - | €971 | +€971 | |
| Gross operating margin | 9900 | - | €4,869 | +€4,869 | |
| Operating profit (loss) | 9901 | - | -€15,266 | -€15,266 | |
| Financial charges | 65/66B | - | €190 | +€190 | |
| Recurring financial charges | 65 | - | €190 | +€190 | |
| Profit (loss) for the period before taxes | 9903 | - | -€15,456 | -€15,456 | |
| Profit (loss) for the period | 9904 | - | -€15,456 | -€15,456 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€15,456 | -€15,456 |
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 13 October 2026 via checked.be.