GM HOUSE CONCEPT: what changed
GM HOUSE CONCEPT
Largest movements
- Cash +€15,156
up €15,156 (+1,145%), from €1,323 to €16,480
mainly Receivables within one year (+€8,001) and Net result for the year (+€7,091)
- Receivables within one year -€8,001
down €8,001 (-41.1%), from €19,488 to €11,487
of which Trade receivables: -€13,041
- Deferred charges and accrued income -€448
down €448 (-63.0%), from €712 to €264
- Profit (loss) carried forward +€4,459
no longer reported in 2025 (was -€4,459)
- Other debts +€2,295
new in 2025: €2,295
- Trade debts -€1,114
down €1,114 (-45.3%), from €2,459 to €1,345
- Tax, wage and social debts +€835
up €835 (+25.3%), from €3,296 to €4,131
- Gross operating margin +€12,211
up €12,211, from -€2,744 to €9,467
- Taxes +€1,650
up €1,650 (+8,252%), from €20 to €1,670
- Depreciation -€882
no longer reported in 2025 (was €882)
- Other operating charges +€138
up €138 (+22.6%), from €611 to €749
- Financial charges -€125
down €125 (-62.0%), from €202 to €77
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,756 | €28,231 | +€6,475 | +29.8% |
| Fixed assets | 21/28 | €233 | €1 | -€232 | -99.6% |
| Tangible fixed assets | 22/27 | €232 | - | -€232 | |
| Furniture and vehicles | 24 | €232 | - | -€232 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €21,523 | €28,230 | +€6,707 | +31.2% |
| Amounts receivable within one year | 40/41 | €19,488 | €11,487 | -€8,001 | -41.1% |
| Trade receivables | 40 | €16,336 | €3,295 | -€13,041 | -79.8% |
| Other amounts receivable | 41 | €3,152 | €8,192 | +€5,040 | +160% |
| Cash at bank and in hand | 54/58 | €1,323 | €16,480 | +€15,156 | +1,145% |
| Deferred charges and accrued income | 490/1 | €712 | €264 | -€448 | -63.0% |
| Total equity and liabilities | 10/49 | €21,756 | €28,231 | +€6,475 | +29.8% |
| Equity | 10/15 | €16,001 | €20,460 | +€4,459 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,459 | - | +€4,459 | |
| Amounts payable | 17/49 | €5,755 | €7,771 | +€2,016 | +35.0% |
| Amounts payable within one year | 42/48 | €5,755 | €7,771 | +€2,016 | +35.0% |
| Trade debts | 44 | €2,459 | €1,345 | -€1,114 | -45.3% |
| Suppliers | 440/4 | €2,459 | €1,345 | -€1,114 | -45.3% |
| Taxes, remuneration and social security | 45 | €3,296 | €4,131 | +€835 | +25.3% |
| Taxes | 450/3 | €3,296 | €4,131 | +€835 | +25.3% |
| Other amounts payable | 47/48 | - | €2,295 | +€2,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882 | - | -€882 | |
| Other operating charges | 640/8 | €611 | €749 | +€138 | +22.6% |
| Gross operating margin | 9900 | -€2,744 | €9,467 | +€12,211 | |
| Operating profit (loss) | 9901 | -€4,237 | €8,718 | +€12,955 | |
| Financial income | 75/76B | - | €120 | +€120 | |
| Recurring financial income | 75 | - | €120 | +€120 | |
| Financial charges | 65/66B | €202 | €77 | -€125 | -62.0% |
| Recurring financial charges | 65 | €202 | €77 | -€125 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,439 | €8,761 | +€13,200 | |
| Income taxes | 67/77 | €20 | €1,670 | +€1,650 | +8,252% |
| Profit (loss) for the period | 9904 | -€4,459 | €7,091 | +€11,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,459 | €7,091 | +€11,550 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.