GMC: 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.
GMC
Largest movements
- Receivables within one year -€6,978
down €6,978 (-14.7%), from €47,334 to €40,356
- Debts within one year -€8,571
down €8,571 (-46.9%), from €18,288 to €9,716
- Reserves +€1,339
up €1,339 (+7.8%), from €17,100 to €18,439
- Turnover -€20,627
down €20,627 (-12.7%), from €162,196 to €141,569
- Gross operating margin -€19,041
down €19,041 (-71.7%), from €26,551 to €7,510
- Taxes -€7,472
down €7,472 (-81.9%), from €9,123 to €1,651
From the 2016 result to the 2017 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 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,788 | €40,556 | -€7,232 | -15.1% |
| Fixed assets | 21/28 | - | €200 | +€200 | |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €47,788 | €40,356 | -€7,432 | -15.6% |
| Amounts receivable within one year | 40/41 | €47,334 | €40,356 | -€6,978 | -14.7% |
| Cash at bank and in hand | 54/58 | €454 | - | -€454 | |
| Total equity and liabilities | 10/49 | €47,788 | €40,556 | -€7,232 | -15.1% |
| Equity | 10/15 | €29,500 | €30,839 | +€1,339 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,100 | €18,439 | +€1,339 | +7.8% |
| Amounts payable | 17/49 | €18,288 | €9,716 | -€8,571 | -46.9% |
| Amounts payable within one year | 42/48 | €18,288 | €9,716 | -€8,571 | -46.9% |
| Trade debts | 44 | €7,665 | €3,985 | -€3,680 | -48.0% |
| Turnover | 70 | €162,196 | €141,569 | -€20,627 | -12.7% |
| Gross operating margin | 9900 | €26,551 | €7,510 | -€19,041 | -71.7% |
| Operating profit (loss) | 9901 | €25,363 | €3,684 | -€21,679 | -85.5% |
| Recurring financial income | 75 | €1,297 | €0 | -€1,297 | -100.0% |
| Recurring financial charges | 65 | €438 | €694 | +€257 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €26,223 | €2,990 | -€23,233 | -88.6% |
| Income taxes | 67/77 | €9,123 | €1,651 | -€7,472 | -81.9% |
| Profit (loss) for the period | 9904 | €17,100 | €1,339 | -€15,761 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,100 | €1,339 | -€15,761 | -92.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.