GMAT: what changed
Two fiscal 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.
GMAT
Largest movements
- Receivables after one year -€863
down €863 (-6.8%), from €12,712 to €11,849
of which Other amounts receivable: -€863
- Cash +€158
up €158 (+665.7%), from €24 to €182
mainly Receivables after one year (+€863)
- Profit (loss) carried forward -€705
down €705 (-12.8%), from -€5,493 to -€6,198
- Gross operating margin +€1,312
up €1,312 (+66.8%), from -€1,965 to -€652
- Purchases and services -€1,312
down €1,312 (-66.8%), from €1,965 to €652
- Financial income -€299
no longer reported in 2024 (was €299)
of which Financial income: -€299
- Financial charges +€29
up €29 (+118.8%), from €24 to €53
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.
Cash bridge derived
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 | €13,236 | €12,531 | -€705 | -5.3% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €12,736 | €12,031 | -€705 | -5.5% |
| Amounts receivable after more than one year | 29 | €12,712 | €11,849 | -€863 | -6.8% |
| Trade receivables | 290 | €7,208 | €7,208 | -€0 | 0.0% |
| Other amounts receivable | 291 | €5,504 | €4,641 | -€863 | -15.7% |
| Cash at bank and in hand | 54/58 | €24 | €182 | +€158 | +665.7% |
| Total equity and liabilities | 10/49 | €13,236 | €12,531 | -€705 | -5.3% |
| Equity | 10/15 | €13,236 | €12,531 | -€705 | -5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Reserves | 13 | €137 | €137 | -€0 | -0.2% |
| Non-distributable reserves | 130/1 | €137 | €137 | -€0 | -0.2% |
| Reserves not available under the articles | 1311 | €137 | €137 | -€0 | -0.2% |
| Profit (loss) carried forward | 14 | -€5,493 | -€6,198 | -€705 | -12.8% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,965 | €652 | -€1,312 | -66.8% |
| Gross operating margin | 9900 | -€1,965 | -€652 | +€1,312 | +66.8% |
| Operating profit (loss) | 9901 | -€1,965 | -€652 | +€1,312 | +66.8% |
| Financial income | 75/76B | €299 | - | -€299 | |
| Recurring financial income | 75 | €299 | - | -€299 | |
| Non-recurring financial income | 76B | €299 | - | -€299 | |
| Financial charges | 65/66B | €24 | €53 | +€29 | +118.8% |
| Recurring financial charges | 65 | €24 | €53 | +€29 | +118.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,689 | -€705 | +€984 | +58.3% |
| Profit (loss) for the period | 9904 | -€1,689 | -€705 | +€984 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,689 | -€705 | +€984 | +58.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.