GOOD MANUFACTURING 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.
GOOD MANUFACTURING TECHNOLOGY
Largest movements
- Cash +€101,853
up €101,853 (+25.0%), from €406,753 to €508,606
mainly Net result for the year (+€82,507) and Depreciation (+€21,473)
- Tangible fixed assets -€21,473
down €21,473 (-12.1%), from €177,989 to €156,516
- Reserves +€82,507
up €82,507 (+14.8%), from €558,811 to €641,318
of which Distributable reserves: +€82,507
No income-statement line moved by more than 1% of the activity.
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 | €604,835 | €681,148 | +€76,313 | +12.6% |
| Fixed assets | 21/28 | €178,029 | €156,556 | -€21,473 | -12.1% |
| Tangible fixed assets | 22/27 | €177,989 | €156,516 | -€21,473 | -12.1% |
| Plant, machinery and equipment | 23 | €9,042 | €6,677 | -€2,365 | -26.2% |
| Furniture and vehicles | 24 | €18,734 | €10,355 | -€8,379 | -44.7% |
| Leasing and similar rights | 25 | €150,213 | €139,484 | -€10,730 | -7.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €426,806 | €524,592 | +€97,787 | +22.9% |
| Amounts receivable within one year | 40/41 | €18,877 | €14,810 | -€4,066 | -21.5% |
| Trade receivables | 40 | €18,877 | €14,810 | -€4,066 | -21.5% |
| Cash at bank and in hand | 54/58 | €406,753 | €508,606 | +€101,853 | +25.0% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,176 | = | 0.0% |
| Total equity and liabilities | 10/49 | €604,835 | €681,148 | +€76,313 | +12.6% |
| Equity | 10/15 | €577,411 | €659,918 | +€82,507 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €558,811 | €641,318 | +€82,507 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €556,951 | €639,458 | +€82,507 | +14.8% |
| Amounts payable | 17/49 | €27,424 | €21,230 | -€6,194 | -22.6% |
| Amounts payable within one year | 42/48 | €27,424 | €21,230 | -€6,194 | -22.6% |
| Trade debts | 44 | €4,937 | €4,010 | -€927 | -18.8% |
| Suppliers | 440/4 | €4,937 | €4,010 | -€927 | -18.8% |
| Taxes, remuneration and social security | 45 | €18,368 | €12,972 | -€5,396 | -29.4% |
| Taxes | 450/3 | €18,368 | €12,972 | -€5,396 | -29.4% |
| Other amounts payable | 47/48 | €4,119 | €4,247 | +€129 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,745 | €21,473 | -€272 | -1.2% |
| Other operating charges | 640/8 | €1,434 | €1,260 | -€174 | -12.1% |
| Gross operating margin | 9900 | €123,130 | €123,471 | +€341 | +0.3% |
| Operating profit (loss) | 9901 | €99,951 | €100,738 | +€786 | +0.8% |
| Financial income | 75/76B | €1,858 | €2,430 | +€573 | +30.8% |
| Recurring financial income | 75 | €1,858 | €2,430 | +€573 | +30.8% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €101,755 | €103,113 | +€1,358 | +1.3% |
| Income taxes | 67/77 | €21,407 | €20,605 | -€801 | -3.7% |
| Profit (loss) for the period | 9904 | €80,348 | €82,507 | +€2,159 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,348 | €82,507 | +€2,159 | +2.7% |
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 29 October 2026 via checked.be.