GM Factory: 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 Factory
Largest movements
- Stocks and contracts -€23,926
down €23,926 (-63.6%), from €37,626 to €13,700
- Receivables within one year +€14,176
up €14,176 (+64.8%), from €21,880 to €36,056
of which Trade receivables: +€17,109
- Cash +€1,787
up €1,787 (+109%), from €1,636 to €3,422
mainly Stocks and contracts (+€23,926) and Trade debts (+€9,541)
- Deferred charges and accrued income +€1,479
new in 2024: €1,479
- Formation expenses -€1,116
down €1,116 (-84.5%), from €1,321 to €205
- Other debts -€19,956
down €19,956 (-50.9%), from €39,228 to €19,272
- Trade debts +€9,541
up €9,541 (+60.2%), from €15,857 to €25,398
- Tax, wage and social debts +€1,938
up €1,938 (+259%), from €748 to €2,687
- Profit (loss) carried forward +€1,511
up €1,511 (+50.5%), from €2,994 to €4,505
- Accrued charges and deferred income -€635
no longer reported in 2024 (was €635)
- Depreciation +€936
up €936 (+519%), from €180 to €1,116
- Other operating charges +€780
new in 2024: €780
- Taxes -€371
down €371 (-49.5%), from €748 to €378
- Financial charges +€89
up €89 (+145%), from €61 to €150
- Gross operating margin -€49
down €49 (-1.2%), from €3,984 to €3,935
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 | €62,462 | €54,862 | -€7,600 | -12.2% |
| Formation expenses | 20 | €1,321 | €205 | -€1,116 | -84.5% |
| Current assets | 29/58 | €61,141 | €54,656 | -€6,484 | -10.6% |
| Stocks and contracts in progress | 3 | €37,626 | €13,700 | -€23,926 | -63.6% |
| Stocks | 30/36 | €37,626 | €13,700 | -€23,926 | -63.6% |
| Amounts receivable within one year | 40/41 | €21,880 | €36,056 | +€14,176 | +64.8% |
| Trade receivables | 40 | €18,947 | €36,056 | +€17,109 | +90.3% |
| Other amounts receivable | 41 | €2,933 | - | -€2,933 | |
| Cash at bank and in hand | 54/58 | €1,636 | €3,422 | +€1,787 | +109% |
| Deferred charges and accrued income | 490/1 | - | €1,479 | +€1,479 | |
| Total equity and liabilities | 10/49 | €62,462 | €54,862 | -€7,600 | -12.2% |
| Equity | 10/15 | €5,994 | €7,505 | +€1,511 | +25.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,994 | €4,505 | +€1,511 | +50.5% |
| Amounts payable | 17/49 | €56,468 | €47,357 | -€9,111 | -16.1% |
| Amounts payable within one year | 42/48 | €55,833 | €47,357 | -€8,476 | -15.2% |
| Trade debts | 44 | €15,857 | €25,398 | +€9,541 | +60.2% |
| Suppliers | 440/4 | €15,857 | €25,398 | +€9,541 | +60.2% |
| Taxes, remuneration and social security | 45 | €748 | €2,687 | +€1,938 | +259% |
| Taxes | 450/3 | €748 | €2,687 | +€1,938 | +259% |
| Other amounts payable | 47/48 | €39,228 | €19,272 | -€19,956 | -50.9% |
| Accrued charges and deferred income | 492/3 | €635 | - | -€635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €1,116 | +€936 | +519% |
| Other operating charges | 640/8 | - | €780 | +€780 | |
| Gross operating margin | 9900 | €3,984 | €3,935 | -€49 | -1.2% |
| Operating profit (loss) | 9901 | €3,804 | €2,038 | -€1,765 | -46.4% |
| Financial charges | 65/66B | €61 | €150 | +€89 | +145% |
| Recurring financial charges | 65 | €61 | €150 | +€89 | +145% |
| Profit (loss) for the period before taxes | 9903 | €3,742 | €1,889 | -€1,854 | -49.5% |
| Income taxes | 67/77 | €748 | €378 | -€371 | -49.5% |
| Profit (loss) for the period | 9904 | €2,994 | €1,511 | -€1,483 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,994 | €1,511 | -€1,483 | -49.5% |
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 25 October 2026 via checked.be.