GMA CONCEPT: 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.
GMA CONCEPT
Largest movements
- Receivables within one year +€4,994
up €4,994 (+31.4%), from €15,894 to €20,888
of which Trade receivables: +€6,935
- Cash +€3,457
up €3,457 (+128%), from €2,698 to €6,155
mainly Net result for the year (+€7,408) and Tax, wage and social debts (+€1,209)
- Tangible fixed assets -€983
down €983 (-74.3%), from €1,323 to €340
- Profit (loss) carried forward +€7,408
up €7,408 (+30.6%), from -€24,220 to -€16,812
- Trade debts -€1,389
down €1,389 (-9.2%), from €15,151 to €13,761
- Tax, wage and social debts +€1,209
up €1,209 (+148%), from €817 to €2,026
- Gross operating margin +€12,276
up €12,276, from -€1,470 to €10,806
- Taxes +€1,966
new in 2024: €1,966
- Financial charges -€568
down €568 (-89.2%), from €636 to €69
- Depreciation -€109
down €109 (-10.0%), from €1,093 to €983
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 | €19,915 | €27,383 | +€7,468 | +37.5% |
| Fixed assets | 21/28 | €1,323 | €340 | -€983 | -74.3% |
| Tangible fixed assets | 22/27 | €1,323 | €340 | -€983 | -74.3% |
| Furniture and vehicles | 24 | €1,323 | €340 | -€983 | -74.3% |
| Current assets | 29/58 | €18,592 | €27,043 | +€8,451 | +45.5% |
| Amounts receivable within one year | 40/41 | €15,894 | €20,888 | +€4,994 | +31.4% |
| Trade receivables | 40 | €11,579 | €18,514 | +€6,935 | +59.9% |
| Other amounts receivable | 41 | €4,315 | €2,374 | -€1,941 | -45.0% |
| Cash at bank and in hand | 54/58 | €2,698 | €6,155 | +€3,457 | +128% |
| Total equity and liabilities | 10/49 | €19,915 | €27,383 | +€7,468 | +37.5% |
| Equity | 10/15 | -€5,608 | €1,800 | +€7,408 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12 | €12 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12 | €12 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12 | €12 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,220 | -€16,812 | +€7,408 | +30.6% |
| Amounts payable | 17/49 | €25,523 | €25,583 | +€59 | +0.2% |
| Amounts payable within one year | 42/48 | €25,523 | €25,583 | +€59 | +0.2% |
| Trade debts | 44 | €15,151 | €13,761 | -€1,389 | -9.2% |
| Suppliers | 440/4 | €15,151 | €13,761 | -€1,389 | -9.2% |
| Taxes, remuneration and social security | 45 | €817 | €2,026 | +€1,209 | +148% |
| Taxes | 450/3 | €817 | €2,026 | +€1,209 | +148% |
| Other amounts payable | 47/48 | €9,556 | €9,796 | +€240 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €983 | -€109 | -10.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€1,470 | €10,806 | +€12,276 | |
| Operating profit (loss) | 9901 | -€2,947 | €9,435 | +€12,383 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €636 | €69 | -€568 | -89.2% |
| Recurring financial charges | 65 | €636 | €69 | -€568 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,584 | €9,374 | +€12,958 | |
| Income taxes | 67/77 | - | €1,966 | +€1,966 | |
| Profit (loss) for the period | 9904 | -€3,584 | €7,408 | +€10,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,584 | €7,408 | +€10,992 |
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 26 October 2026 via checked.be.