GPMM: 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.
GPMM
Largest movements
- Cash -€15,158
down €15,158 (-83.1%), from €18,251 to €3,093
mainly Receivables within one year (-€12,180) and Net result for the year (-€4,809)
- Receivables within one year +€12,180
new in 2025: €12,180
of which Trade receivables: +€6,740
- Deferred charges and accrued income -€3,559
down €3,559 (-91.7%), from €3,882 to €323
- Tangible fixed assets +€1,286
up €1,286 (+22.9%), from €5,623 to €6,909
- Reserves -€4,809
down €4,809 (-22.7%), from €21,224 to €16,415
- Tax, wage and social debts -€566
down €566 (-9.0%), from €6,294 to €5,729
- Gross operating margin -€22,960
down €22,960, from €21,633 to -€1,327
- Taxes -€5,088
down €5,088 (-97.0%), from €5,248 to €160
- Depreciation +€1,314
up €1,314 (+105.6%), from €1,244 to €2,559
- Financial charges -€1,113
down €1,113 (-91.3%), from €1,220 to €107
- Other operating charges +€522
up €522 (+386.8%), from €135 to €657
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 | €27,756 | €22,505 | -€5,251 | -18.9% |
| Fixed assets | 21/28 | €5,623 | €6,909 | +€1,286 | +22.9% |
| Tangible fixed assets | 22/27 | €5,623 | €6,909 | +€1,286 | +22.9% |
| Furniture and vehicles | 24 | €5,623 | €6,909 | +€1,286 | +22.9% |
| Current assets | 29/58 | €22,133 | €15,596 | -€6,537 | -29.5% |
| Amounts receivable within one year | 40/41 | - | €12,180 | +€12,180 | |
| Trade receivables | 40 | - | €6,740 | +€6,740 | |
| Other amounts receivable | 41 | - | €5,440 | +€5,440 | |
| Cash at bank and in hand | 54/58 | €18,251 | €3,093 | -€15,158 | -83.1% |
| Deferred charges and accrued income | 490/1 | €3,882 | €323 | -€3,559 | -91.7% |
| Total equity and liabilities | 10/49 | €27,756 | €22,505 | -€5,251 | -18.9% |
| Equity | 10/15 | €21,324 | €16,515 | -€4,809 | -22.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €21,224 | €16,415 | -€4,809 | -22.7% |
| Distributable reserves | 133 | €21,224 | €16,415 | -€4,809 | -22.7% |
| Amounts payable | 17/49 | €6,432 | €5,990 | -€442 | -6.9% |
| Amounts payable within one year | 42/48 | €6,432 | €5,990 | -€442 | -6.9% |
| Trade debts | 44 | €58 | €230 | +€172 | +296.7% |
| Suppliers | 440/4 | €58 | €230 | +€172 | +296.7% |
| Taxes, remuneration and social security | 45 | €6,294 | €5,729 | -€566 | -9.0% |
| Taxes | 450/3 | €6,294 | €5,729 | -€566 | -9.0% |
| Other amounts payable | 47/48 | €80 | €31 | -€49 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €2,559 | +€1,314 | +105.6% |
| Other operating charges | 640/8 | €135 | €657 | +€522 | +386.8% |
| Gross operating margin | 9900 | €21,633 | -€1,327 | -€22,960 | |
| Operating profit (loss) | 9901 | €20,254 | -€4,542 | -€24,796 | |
| Financial charges | 65/66B | €1,220 | €107 | -€1,113 | -91.3% |
| Recurring financial charges | 65 | €1,220 | €107 | -€1,113 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | €19,034 | -€4,649 | -€23,683 | |
| Income taxes | 67/77 | €5,248 | €160 | -€5,088 | -97.0% |
| Profit (loss) for the period | 9904 | €13,786 | -€4,809 | -€18,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,786 | -€4,809 | -€18,595 |
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 1 October 2026 via checked.be.