GMZ SERVICES: 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.
GMZ SERVICES
Largest movements
- Receivables within one year +€46,423
up €46,423 (+270.0%), from €17,191 to €63,614
- Tangible fixed assets +€12,000
new in 2025: €12,000
- Cash -€10,736
down €10,736 (-99.9%), from €10,742 to €6
mainly Receivables within one year (-€46,423) and Investment in fixed assets (net) (-€15,000)
- Trade debts +€24,783
up €24,783 (+319.2%), from €7,764 to €32,547
- Profit (loss) carried forward +€22,245
up €22,245 (+147.0%), from €15,137 to €37,382
- Other debts +€1,138
up €1,138 (+277.2%), from €410 to €1,548
- Gross operating margin +€10,650
up €10,650 (+67.6%), from €15,758 to €26,408
- Depreciation +€3,000
new in 2025: €3,000
- Other operating charges +€518
up €518 (+88.4%), from €585 to €1,103
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 | €27,933 | €75,620 | +€47,687 | +170.7% |
| Fixed assets | 21/28 | - | €12,000 | +€12,000 | |
| Tangible fixed assets | 22/27 | - | €12,000 | +€12,000 | |
| Furniture and vehicles | 24 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €27,933 | €63,620 | +€35,687 | +127.8% |
| Amounts receivable within one year | 40/41 | €17,191 | €63,614 | +€46,423 | +270.0% |
| Trade receivables | 40 | €17,191 | €63,614 | +€46,423 | +270.0% |
| Cash at bank and in hand | 54/58 | €10,742 | €6 | -€10,736 | -99.9% |
| Total equity and liabilities | 10/49 | €27,933 | €75,620 | +€47,687 | +170.7% |
| Equity | 10/15 | €15,137 | €37,382 | +€22,245 | +147.0% |
| Profit (loss) carried forward | 14 | €15,137 | €37,382 | +€22,245 | +147.0% |
| Amounts payable | 17/49 | €12,796 | €38,238 | +€25,442 | +198.8% |
| Amounts payable within one year | 42/48 | €12,796 | €38,238 | +€25,442 | +198.8% |
| Trade debts | 44 | €7,764 | €32,547 | +€24,783 | +319.2% |
| Suppliers | 440/4 | €7,764 | €32,547 | +€24,783 | +319.2% |
| Taxes, remuneration and social security | 45 | €4,621 | €4,143 | -€478 | -10.4% |
| Taxes | 450/3 | €4,621 | €4,143 | -€478 | -10.4% |
| Other amounts payable | 47/48 | €410 | €1,548 | +€1,138 | +277.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,000 | +€3,000 | |
| Other operating charges | 640/8 | €585 | €1,103 | +€518 | +88.4% |
| Gross operating margin | 9900 | €15,758 | €26,408 | +€10,650 | +67.6% |
| Operating profit (loss) | 9901 | €15,173 | €22,305 | +€7,133 | +47.0% |
| Financial charges | 65/66B | €36 | €60 | +€25 | +68.9% |
| Recurring financial charges | 65 | €36 | €60 | +€25 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €15,137 | €22,245 | +€7,108 | +47.0% |
| Profit (loss) for the period | 9904 | €15,137 | €22,245 | +€7,108 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,137 | €22,245 | +€7,108 | +47.0% |
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 10 October 2026 via checked.be.