GM PROPERTY: 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 PROPERTY
Largest movements
- Receivables within one year -€22,500
down €22,500 (-100.0%), from €22,500 to €0
- Cash +€19,319
up €19,319 (+1743.9%), from €1,108 to €20,427
mainly Receivables within one year (+€22,500) and Accrued charges and deferred income (+€1,350)
- Profit (loss) carried forward -€4,597
down €4,597 (-52.6%), from -€8,743 to -€13,340
- Accrued charges and deferred income +€1,350
up €1,350 (+107.6%), from €1,254 to €2,604
- Gross operating margin -€284
down €284 (-10.1%), from -€2,800 to -€3,084
- Financial income +€163
new in 2025: €163
- Financial charges +€155
up €155 (+10.2%), from €1,520 to €1,675
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.
Cash bridge derived
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 | €25,608 | €22,427 | -€3,181 | -12.4% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €23,608 | €20,427 | -€3,181 | -13.5% |
| Amounts receivable within one year | 40/41 | €22,500 | €0 | -€22,500 | -100.0% |
| Trade receivables | 40 | €22,500 | €0 | -€22,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,108 | €20,427 | +€19,319 | +1743.9% |
| Total equity and liabilities | 10/49 | €25,608 | €22,427 | -€3,181 | -12.4% |
| Equity | 10/15 | -€6,743 | -€11,340 | -€4,597 | -68.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,743 | -€13,340 | -€4,597 | -52.6% |
| Amounts payable | 17/49 | €32,351 | €33,768 | +€1,417 | +4.4% |
| Amounts payable within one year | 42/48 | €31,097 | €31,163 | +€67 | +0.2% |
| Trade debts | 44 | €97 | €163 | +€67 | +68.8% |
| Suppliers | 440/4 | €97 | €163 | +€67 | +68.8% |
| Other amounts payable | 47/48 | €31,000 | €31,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,254 | €2,604 | +€1,350 | +107.6% |
| Gross operating margin | 9900 | -€2,800 | -€3,084 | -€284 | -10.1% |
| Operating profit (loss) | 9901 | -€2,800 | -€3,084 | -€284 | -10.1% |
| Financial income | 75/76B | - | €163 | +€163 | |
| Recurring financial income | 75 | - | €163 | +€163 | |
| Financial charges | 65/66B | €1,520 | €1,675 | +€155 | +10.2% |
| Recurring financial charges | 65 | €1,520 | €1,675 | +€155 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,321 | -€4,597 | -€277 | -6.4% |
| Profit (loss) for the period | 9904 | -€4,321 | -€4,597 | -€277 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,321 | -€4,597 | -€277 | -6.4% |
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 9 October 2026 via checked.be.