GPM ENGINEERING SOLUTIONS: what changed
Two fiscal 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.
GPM ENGINEERING SOLUTIONS
Largest movements
- Receivables within one year +€10,068
up €10,068 (+16.4%), from €61,317 to €71,386
of which Other amounts receivable: +€8,774
- Tangible fixed assets -€8,885
down €8,885 (-73.3%), from €12,126 to €3,241
- Deferred charges and accrued income +€5,389
up €5,389 (+67.3%), from €8,012 to €13,401
- Intangible fixed assets -€2,165
down €2,165 (-20.9%), from €10,379 to €8,214
- Reserves +€14,000
up €14,000 (+15.3%), from €91,800 to €105,800
- Tax, wage and social debts -€6,276
down €6,276 (-41.0%), from €15,303 to €9,027
- Depreciation -€5,685
down €5,685 (-34.0%), from €16,736 to €11,050
- Write-downs -€2,214
down €2,214 (-100.0%), from €2,214 to €0
- Taxes +€1,053
up €1,053 (+20.6%), from €5,108 to €6,161
- Financial charges +€1,022
up €1,022 (+497.9%), from €205 to €1,227
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 | €187,993 | €192,081 | +€4,088 | +2.2% |
| Fixed assets | 21/28 | €22,506 | €11,455 | -€11,050 | -49.1% |
| Intangible fixed assets | 21 | €10,379 | €8,214 | -€2,165 | -20.9% |
| Tangible fixed assets | 22/27 | €12,126 | €3,241 | -€8,885 | -73.3% |
| Furniture and vehicles | 24 | €12,126 | €3,241 | -€8,885 | -73.3% |
| Current assets | 29/58 | €165,487 | €180,625 | +€15,139 | +9.1% |
| Amounts receivable within one year | 40/41 | €61,317 | €71,386 | +€10,068 | +16.4% |
| Trade receivables | 40 | €60,836 | €62,131 | +€1,295 | +2.1% |
| Other amounts receivable | 41 | €481 | €9,255 | +€8,774 | +1823.5% |
| Cash at bank and in hand | 54/58 | €96,157 | €95,839 | -€318 | -0.3% |
| Deferred charges and accrued income | 490/1 | €8,012 | €13,401 | +€5,389 | +67.3% |
| Total equity and liabilities | 10/49 | €187,993 | €192,081 | +€4,088 | +2.2% |
| Equity | 10/15 | €97,104 | €110,984 | +€13,880 | +14.3% |
| Contributions | 10/11 | €4,600 | €4,600 | = | 0.0% |
| Reserves | 13 | €91,800 | €105,800 | +€14,000 | +15.3% |
| Distributable reserves | 133 | €91,800 | €105,800 | +€14,000 | +15.3% |
| Profit (loss) carried forward | 14 | €704 | €584 | -€120 | -17.1% |
| Amounts payable | 17/49 | €90,888 | €81,097 | -€9,792 | -10.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €90,888 | €81,097 | -€9,792 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €705 | €0 | -€705 | -100.0% |
| Trade debts | 44 | €13,676 | €12,070 | -€1,606 | -11.7% |
| Suppliers | 440/4 | €13,676 | €12,070 | -€1,606 | -11.7% |
| Taxes, remuneration and social security | 45 | €15,303 | €9,027 | -€6,276 | -41.0% |
| Taxes | 450/3 | €15,303 | €9,027 | -€6,276 | -41.0% |
| Other amounts payable | 47/48 | €61,205 | €60,000 | -€1,205 | -2.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,736 | €11,050 | -€5,685 | -34.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,214 | €0 | -€2,214 | -100.0% |
| Other operating charges | 640/8 | €1,807 | €1,720 | -€87 | -4.8% |
| Gross operating margin | 9900 | €94,371 | €93,983 | -€388 | -0.4% |
| Operating profit (loss) | 9901 | €73,615 | €81,213 | +€7,598 | +10.3% |
| Financial income | 75/76B | €0 | €54 | +€54 | |
| Recurring financial income | 75 | €0 | €54 | +€54 | |
| Financial charges | 65/66B | €205 | €1,227 | +€1,022 | +497.9% |
| Recurring financial charges | 65 | €205 | €1,227 | +€1,022 | +497.9% |
| Profit (loss) for the period before taxes | 9903 | €73,410 | €80,040 | +€6,631 | +9.0% |
| Income taxes | 67/77 | €5,108 | €6,161 | +€1,053 | +20.6% |
| Profit (loss) for the period | 9904 | €68,302 | €73,880 | +€5,578 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,302 | €73,880 | +€5,578 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.