GDM CREATIONS: 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.
GDM CREATIONS
Largest movements
- Receivables within one year -€11,502
down €11,502 (-37.8%), from €30,437 to €18,935
of which Trade receivables: -€11,346
- Cash +€1,600
new in 2022: €1,600
mainly Receivables within one year (+€11,502) and Depreciation (+€1,512)
- Tangible fixed assets -€1,031
down €1,031 (-28.5%), from €3,616 to €2,585
of which Plant, machinery and equipment: -€1,031
- Deferred charges and accrued income -€429
no longer reported in 2022 (was €429)
- Profit (loss) carried forward -€7,409
down €7,409, from €4,894 to -€2,515
- Tax, wage and social debts -€3,130
down €3,130 (-53.1%), from €5,889 to €2,759
of which Remuneration and social security: -€2,223
- Short-term financial debts -€1,008
no longer reported in 2022 (was €1,008)
- Turnover -€55,244
down €55,244 (-48.3%), from €114,343 to €59,099
- Purchases and services -€40,250
down €40,250 (-38.7%), from €104,099 to €63,849
- Gross operating margin -€14,994
down €14,994, from €10,244 to -€4,750
- Depreciation -€5,091
down €5,091 (-77.1%), from €6,603 to €1,512
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,482 | €23,120 | -€11,362 | -33.0% |
| Fixed assets | 21/28 | €3,616 | €2,585 | -€1,031 | -28.5% |
| Tangible fixed assets | 22/27 | €3,616 | €2,585 | -€1,031 | -28.5% |
| Plant, machinery and equipment | 23 | €3,616 | €2,585 | -€1,031 | -28.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €30,866 | €20,535 | -€10,331 | -33.5% |
| Amounts receivable within one year | 40/41 | €30,437 | €18,935 | -€11,502 | -37.8% |
| Trade receivables | 40 | €28,505 | €17,159 | -€11,346 | -39.8% |
| Other amounts receivable | 41 | €1,932 | €1,776 | -€156 | -8.1% |
| Cash at bank and in hand | 54/58 | - | €1,600 | +€1,600 | |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €34,482 | €23,120 | -€11,362 | -33.0% |
| Equity | 10/15 | €12,954 | €5,545 | -€7,409 | -57.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,894 | -€2,515 | -€7,409 | |
| Amounts payable | 17/49 | €21,528 | €17,575 | -€3,953 | -18.4% |
| Amounts payable within one year | 42/48 | €21,528 | €17,575 | -€3,953 | -18.4% |
| Financial debts | 43 | €1,008 | - | -€1,008 | |
| Credit institutions | 430/8 | €1,008 | - | -€1,008 | |
| Trade debts | 44 | €6,989 | €7,174 | +€185 | +2.6% |
| Suppliers | 440/4 | €6,989 | €7,174 | +€185 | +2.6% |
| Advances received on contracts in progress | 46 | €7,642 | €7,642 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,889 | €2,759 | -€3,130 | -53.1% |
| Taxes | 450/3 | €2,769 | €1,862 | -€907 | -32.8% |
| Remuneration and social security | 454/9 | €3,120 | €897 | -€2,223 | -71.3% |
| Turnover | 70 | €114,343 | €59,099 | -€55,244 | -48.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,099 | €63,849 | -€40,250 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,603 | €1,512 | -€5,091 | -77.1% |
| Other operating charges | 640/8 | €200 | €148 | -€52 | -26.0% |
| Gross operating margin | 9900 | €10,244 | -€4,750 | -€14,994 | |
| Operating profit (loss) | 9901 | €3,441 | -€6,410 | -€9,851 | |
| Financial income | 75/76B | €27 | €500 | +€473 | +1,752% |
| Recurring financial income | 75 | €27 | €500 | +€473 | +1,752% |
| Financial charges | 65/66B | €1,000 | €1,311 | +€311 | +31.1% |
| Recurring financial charges | 65 | €1,000 | €1,311 | +€311 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | -€7,221 | -€9,689 | |
| Income taxes | 67/77 | €1,103 | €188 | -€915 | -83.0% |
| Profit (loss) for the period | 9904 | €1,365 | -€7,409 | -€8,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,365 | -€7,409 | -€8,774 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.