GM&CO: 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&CO
Largest movements
- Receivables within one year +€96,325
up €96,325 (+61.0%), from €157,830 to €254,155
of which Trade receivables: +€64,608
- Tangible fixed assets +€34,972
up €34,972 (+125%), from €28,000 to €62,972
of which Leasing and similar rights: +€40,584
- Financial fixed assets +€9,000
new in 2024: €9,000
- Trade debts +€107,573
up €107,573 (+503%), from €21,386 to €128,959
- Current portion of long-term debt +€19,958
new in 2024: €19,958
- Debts after one year +€15,751
new in 2024: €15,751
- Profit (loss) carried forward +€14,612
up €14,612 (+19.4%), from €75,191 to €89,804
- Tax, wage and social debts -€12,719
down €12,719 (-13.9%), from €91,276 to €78,557
of which Taxes: -€12,803
- Gross operating margin +€73,251
up €73,251 (+235%), from €31,218 to €104,469
- Staff costs +€50,163
new in 2024: €50,163
- Other operating charges +€13,473
new in 2024: €13,473
- Depreciation +€13,028
up €13,028 (+186%), from €7,000 to €20,028
- Financial income +€5,787
new in 2024: €5,787
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 | €192,853 | €339,528 | +€146,675 | +76.1% |
| Fixed assets | 21/28 | €28,000 | €71,972 | +€43,972 | +157% |
| Tangible fixed assets | 22/27 | €28,000 | €62,972 | +€34,972 | +125% |
| Furniture and vehicles | 24 | €28,000 | €22,388 | -€5,612 | -20.0% |
| Leasing and similar rights | 25 | - | €40,584 | +€40,584 | |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €164,853 | €267,556 | +€102,702 | +62.3% |
| Amounts receivable within one year | 40/41 | €157,830 | €254,155 | +€96,325 | +61.0% |
| Trade receivables | 40 | €70,338 | €134,946 | +€64,608 | +91.9% |
| Other amounts receivable | 41 | €87,492 | €119,209 | +€31,717 | +36.3% |
| Cash at bank and in hand | 54/58 | €7,023 | €10,187 | +€3,164 | +45.0% |
| Deferred charges and accrued income | 490/1 | - | €3,214 | +€3,214 | |
| Total equity and liabilities | 10/49 | €192,853 | €339,528 | +€146,675 | +76.1% |
| Equity | 10/15 | €80,191 | €94,804 | +€14,612 | +18.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,191 | €89,804 | +€14,612 | +19.4% |
| Amounts payable | 17/49 | €112,662 | €244,724 | +€132,062 | +117% |
| Amounts payable after more than one year | 17 | - | €15,751 | +€15,751 | |
| Financial debts | 170/4 | - | €15,751 | +€15,751 | |
| Amounts payable within one year | 42/48 | €112,662 | €227,474 | +€114,812 | +102% |
| Current portion of amounts payable after more than one year | 42 | - | €19,958 | +€19,958 | |
| Trade debts | 44 | €21,386 | €128,959 | +€107,573 | +503% |
| Suppliers | 440/4 | €21,386 | €128,959 | +€107,573 | +503% |
| Taxes, remuneration and social security | 45 | €91,276 | €78,557 | -€12,719 | -13.9% |
| Taxes | 450/3 | €91,276 | €78,473 | -€12,803 | -14.0% |
| Remuneration and social security | 454/9 | - | €84 | +€84 | |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | - | €50,163 | +€50,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €20,028 | +€13,028 | +186% |
| Other operating charges | 640/8 | - | €13,473 | +€13,473 | |
| Gross operating margin | 9900 | €31,218 | €104,469 | +€73,251 | +235% |
| Operating profit (loss) | 9901 | €24,218 | €20,805 | -€3,413 | -14.1% |
| Financial income | 75/76B | - | €5,787 | +€5,787 | |
| Recurring financial income | 75 | - | €5,787 | +€5,787 | |
| Financial charges | 65/66B | €318 | €3,515 | +€3,197 | +1,006% |
| Recurring financial charges | 65 | €318 | €3,515 | +€3,197 | +1,006% |
| Profit (loss) for the period before taxes | 9903 | €23,900 | €23,077 | -€823 | -3.4% |
| Income taxes | 67/77 | €6,104 | €8,465 | +€2,361 | +38.7% |
| Profit (loss) for the period | 9904 | €17,796 | €14,612 | -€3,184 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,796 | €14,612 | -€3,184 | -17.9% |
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 20 October 2026 via checked.be.