GM Building: 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.
GM Building
Largest movements
- Tangible fixed assets -€1,520
down €1,520 (-2.0%), from €75,985 to €74,465
of which Plant, machinery and equipment: -€1,089
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,806
down €5,806 (-77.2%), from €7,524 to €1,718
- Other operating charges -€2,248
down €2,248 (-81.5%), from €2,757 to €509
- Financial charges -€1,396
down €1,396 (-89.8%), from €1,554 to €159
- Taxes -€1,385
no longer reported in 2025 (was €1,385)
- Depreciation -€366
down €366 (-19.4%), from €1,886 to €1,520
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 | €78,902 | €77,927 | -€976 | -1.2% |
| Fixed assets | 21/28 | €75,985 | €74,465 | -€1,520 | -2.0% |
| Tangible fixed assets | 22/27 | €75,985 | €74,465 | -€1,520 | -2.0% |
| Land and buildings | 22 | €74,815 | €74,383 | -€431 | -0.6% |
| Plant, machinery and equipment | 23 | €1,171 | €82 | -€1,089 | -93.0% |
| Current assets | 29/58 | €2,917 | €3,461 | +€545 | +18.7% |
| Amounts receivable within one year | 40/41 | €2,888 | €3,461 | +€573 | +19.9% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €2,888 | €461 | -€2,427 | -84.0% |
| Cash at bank and in hand | 54/58 | €29 | - | -€29 | |
| Total equity and liabilities | 10/49 | €78,902 | €77,927 | -€976 | -1.2% |
| Equity | 10/15 | €45,070 | €44,601 | -€469 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,670 | €32,201 | -€469 | -1.4% |
| Distributable reserves | 133 | €32,670 | €32,201 | -€469 | -1.4% |
| Amounts payable | 17/49 | €33,832 | €33,326 | -€506 | -1.5% |
| Amounts payable within one year | 42/48 | €33,832 | €33,326 | -€506 | -1.5% |
| Financial debts | 43 | - | €74 | +€74 | |
| Credit institutions | 430/8 | - | €74 | +€74 | |
| Trade debts | 44 | €4,007 | €3,977 | -€29 | -0.7% |
| Suppliers | 440/4 | €4,007 | €3,977 | -€29 | -0.7% |
| Taxes, remuneration and social security | 45 | €1,182 | €740 | -€442 | -37.4% |
| Taxes | 450/3 | €1,182 | €740 | -€442 | -37.4% |
| Other amounts payable | 47/48 | €28,644 | €28,534 | -€110 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €1,520 | -€366 | -19.4% |
| Other operating charges | 640/8 | €2,757 | €509 | -€2,248 | -81.5% |
| Gross operating margin | 9900 | €7,524 | €1,718 | -€5,806 | -77.2% |
| Operating profit (loss) | 9901 | €2,881 | -€311 | -€3,192 | |
| Financial charges | 65/66B | €1,554 | €159 | -€1,396 | -89.8% |
| Recurring financial charges | 65 | €1,554 | €159 | -€1,396 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €1,327 | -€469 | -€1,796 | |
| Income taxes | 67/77 | €1,385 | - | -€1,385 | |
| Profit (loss) for the period | 9904 | -€58 | -€469 | -€411 | -712% |
| Profit (loss) for the period to be appropriated | 9905 | -€58 | -€469 | -€411 | -712% |
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 20 October 2026 via checked.be.