G.M TRANS: 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.
G.M TRANS
Largest movements
- Tangible fixed assets -€15,651
down €15,651 (-58.4%), from €26,782 to €11,130
- Receivables within one year +€4,441
up €4,441 (+26.6%), from €16,719 to €21,160
of which Trade receivables: +€5,365
- Cash -€2,174
down €2,174 (-54.6%), from €3,983 to €1,809
mainly Net result for the year (-€16,291) and Debts after one year (-€9,812)
- Profit (loss) carried forward -€16,291
down €16,291, from €8,091 to -€8,200
- Debts after one year -€9,812
down €9,812 (-57.1%), from €17,171 to €7,359
- Trade debts +€6,532
up €6,532 (+77.7%), from €8,403 to €14,935
- Other debts +€5,800
new in 2024: €5,800
- Tax, wage and social debts +€3,591
up €3,591 (+948%), from €379 to €3,970
of which Remuneration and social security: +€3,751
- Staff costs +€6,586
up €6,586 (+6,842%), from €96 to €6,682
- Depreciation +€4,947
up €4,947 (+31.0%), from €15,966 to €20,912
- Gross operating margin -€3,031
down €3,031 (-18.8%), from €16,138 to €13,107
- Other operating charges -€1,084
down €1,084 (-38.5%), from €2,816 to €1,732
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,786 | €44,100 | -€13,686 | -23.7% |
| Fixed assets | 21/28 | €27,084 | €11,130 | -€15,954 | -58.9% |
| Intangible fixed assets | 21 | €302 | - | -€302 | |
| Tangible fixed assets | 22/27 | €26,782 | €11,130 | -€15,651 | -58.4% |
| Furniture and vehicles | 24 | €26,782 | €11,130 | -€15,651 | -58.4% |
| Current assets | 29/58 | €30,702 | €32,969 | +€2,267 | +7.4% |
| Amounts receivable within one year | 40/41 | €16,719 | €21,160 | +€4,441 | +26.6% |
| Trade receivables | 40 | €13,598 | €18,963 | +€5,365 | +39.5% |
| Other amounts receivable | 41 | €3,121 | €2,196 | -€924 | -29.6% |
| Cash at bank and in hand | 54/58 | €3,983 | €1,809 | -€2,174 | -54.6% |
| Deferred charges and accrued income | 490/1 | €10,000 | €10,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €57,786 | €44,100 | -€13,686 | -23.7% |
| Equity | 10/15 | €12,091 | -€4,200 | -€16,291 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,091 | -€8,200 | -€16,291 | |
| Amounts payable | 17/49 | €45,695 | €48,300 | +€2,605 | +5.7% |
| Amounts payable after more than one year | 17 | €17,171 | €7,359 | -€9,812 | -57.1% |
| Financial debts | 170/4 | €17,171 | €7,359 | -€9,812 | -57.1% |
| Amounts payable within one year | 42/48 | €28,524 | €40,941 | +€12,417 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €13,317 | €9,812 | -€3,505 | -26.3% |
| Trade debts | 44 | €8,403 | €14,935 | +€6,532 | +77.7% |
| Suppliers | 440/4 | €8,403 | €14,935 | +€6,532 | +77.7% |
| Advances received on contracts in progress | 46 | €6,424 | €6,424 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €379 | €3,970 | +€3,591 | +948% |
| Taxes | 450/3 | €379 | €219 | -€160 | -42.2% |
| Remuneration and social security | 454/9 | - | €3,751 | +€3,751 | |
| Other amounts payable | 47/48 | - | €5,800 | +€5,800 | |
| Non-recurring operating income | 76A | €9 | €1,149 | +€1,140 | +12,665% |
| Remuneration, social security and pensions | 62 | €96 | €6,682 | +€6,586 | +6,842% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,966 | €20,912 | +€4,947 | +31.0% |
| Other operating charges | 640/8 | €2,816 | €1,732 | -€1,084 | -38.5% |
| Gross operating margin | 9900 | €16,138 | €13,107 | -€3,031 | -18.8% |
| Operating profit (loss) | 9901 | -€2,740 | -€16,219 | -€13,479 | -492% |
| Financial charges | 65/66B | €65 | €72 | +€8 | +11.6% |
| Recurring financial charges | 65 | €65 | €72 | +€8 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,805 | -€16,291 | -€13,486 | -481% |
| Profit (loss) for the period | 9904 | -€2,805 | -€16,291 | -€13,486 | -481% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,805 | -€16,291 | -€13,486 | -481% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.