GM CARE: 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 CARE
Largest movements
- Cash -€33,367
down €33,367 (-21.3%), from €156,816 to €123,449
mainly Tax, wage and social debts (-€11,012) and Deferred charges and accrued income (-€6,267)
- Deferred charges and accrued income +€6,267
up €6,267 (+26.1%), from €24,051 to €30,318
- Receivables within one year +€6,206
up €6,206 (+2,129%), from €292 to €6,498
- Tax, wage and social debts -€11,012
down €11,012 (-83.8%), from €13,146 to €2,135
- Trade debts -€4,384
down €4,384 (-63.8%), from €6,874 to €2,490
- Profit (loss) carried forward -€3,555
down €3,555 (-1.7%), from €204,351 to €200,796
- Gross operating margin -€49,358
down €49,358, from €45,057 to -€4,301
- Taxes -€8,777
down €8,777 (-99.6%), from €8,812 to €35
- Financial income -€2,385
down €2,385 (-45.6%), from €5,235 to €2,850
- Depreciation -€801
down €801 (-33.3%), from €2,405 to €1,604
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 | €228,552 | €207,420 | -€21,132 | -9.2% |
| Fixed assets | 21/28 | €5,487 | €3,883 | -€1,604 | -29.2% |
| Tangible fixed assets | 22/27 | €4,924 | €3,320 | -€1,604 | -32.6% |
| Plant, machinery and equipment | 23 | €1,583 | €1,070 | -€513 | -32.4% |
| Furniture and vehicles | 24 | €3,341 | €2,250 | -€1,091 | -32.7% |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €223,065 | €203,537 | -€19,528 | -8.8% |
| Amounts receivable after more than one year | 29 | €41,906 | €41,906 | = | 0.0% |
| Other amounts receivable | 291 | €41,906 | €41,906 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €292 | €6,498 | +€6,206 | +2,129% |
| Other amounts receivable | 41 | €292 | €6,498 | +€6,206 | +2,129% |
| Current investments | 50/53 | - | €1,366 | +€1,366 | |
| Cash at bank and in hand | 54/58 | €156,816 | €123,449 | -€33,367 | -21.3% |
| Deferred charges and accrued income | 490/1 | €24,051 | €30,318 | +€6,267 | +26.1% |
| Total equity and liabilities | 10/49 | €228,552 | €207,420 | -€21,132 | -9.2% |
| Equity | 10/15 | €206,351 | €202,796 | -€3,555 | -1.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,351 | €200,796 | -€3,555 | -1.7% |
| Amounts payable | 17/49 | €22,201 | €4,625 | -€17,577 | -79.2% |
| Amounts payable within one year | 42/48 | €22,201 | €4,625 | -€17,577 | -79.2% |
| Financial debts | 43 | €2,181 | - | -€2,181 | |
| Credit institutions | 430/8 | €2,181 | - | -€2,181 | |
| Trade debts | 44 | €6,874 | €2,490 | -€4,384 | -63.8% |
| Suppliers | 440/4 | €6,874 | €2,490 | -€4,384 | -63.8% |
| Taxes, remuneration and social security | 45 | €13,146 | €2,135 | -€11,012 | -83.8% |
| Taxes | 450/3 | €13,146 | €2,135 | -€11,012 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,405 | €1,604 | -€801 | -33.3% |
| Other operating charges | 640/8 | €301 | €161 | -€140 | -46.4% |
| Gross operating margin | 9900 | €45,057 | -€4,301 | -€49,358 | |
| Operating profit (loss) | 9901 | €42,351 | -€6,066 | -€48,417 | |
| Financial income | 75/76B | €5,235 | €2,850 | -€2,385 | -45.6% |
| Recurring financial income | 75 | €5,235 | €2,850 | -€2,385 | -45.6% |
| Financial charges | 65/66B | €488 | €304 | -€184 | -37.8% |
| Recurring financial charges | 65 | €488 | €304 | -€184 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €47,098 | -€3,520 | -€50,618 | |
| Income taxes | 67/77 | €8,812 | €35 | -€8,777 | -99.6% |
| Profit (loss) for the period | 9904 | €38,286 | -€3,555 | -€41,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,286 | -€3,555 | -€41,841 |
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 24 October 2026 via checked.be.