GMCJ: 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.
GMCJ
Largest movements
- Cash -€21,528
down €21,528 (-38.5%), from €55,941 to €34,413
mainly Net result for the year (-€20,447) and Receivables within one year (-€1,986)
- Profit (loss) carried forward -€20,447
down €20,447 (-16.7%), from -€122,522 to -€142,969
- Taxes -€33,026
down €33,026 (-100.0%), from €33,026 to €0
- Gross operating margin -€6,775
down €6,775 (-44.9%), from -€15,093 to -€21,868
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,365 | €630,823 | -€19,541 | -3.0% |
| Current assets | 29/58 | €650,365 | €630,823 | -€19,541 | -3.0% |
| Amounts receivable within one year | 40/41 | €594,424 | €596,410 | +€1,986 | +0.3% |
| Trade receivables | 40 | €555,000 | €555,000 | = | 0.0% |
| Other amounts receivable | 41 | €39,424 | €41,410 | +€1,986 | +5.0% |
| Cash at bank and in hand | 54/58 | €55,941 | €34,413 | -€21,528 | -38.5% |
| Total equity and liabilities | 10/49 | €650,365 | €630,823 | -€19,541 | -3.0% |
| Equity | 10/15 | €614,106 | €593,659 | -€20,447 | -3.3% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €266,627 | €266,627 | = | 0.0% |
| Distributable reserves | 133 | €266,627 | €266,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,522 | -€142,969 | -€20,447 | -16.7% |
| Amounts payable | 17/49 | €36,259 | €37,164 | +€905 | +2.5% |
| Amounts payable within one year | 42/48 | €31,259 | €32,164 | +€905 | +2.9% |
| Trade debts | 44 | €3,500 | €4,405 | +€905 | +25.9% |
| Suppliers | 440/4 | €3,500 | €4,405 | +€905 | +25.9% |
| Other amounts payable | 47/48 | €27,759 | €27,759 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €613 | +€162 | +36.0% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100.0% |
| Gross operating margin | 9900 | -€15,093 | -€21,868 | -€6,775 | -44.9% |
| Operating profit (loss) | 9901 | -€20,545 | -€22,482 | -€1,937 | -9.4% |
| Financial income | 75/76B | €2,307 | €2,185 | -€123 | -5.3% |
| Recurring financial income | 75 | €2,307 | €2,185 | -€123 | -5.3% |
| Financial charges | 65/66B | €143 | €150 | +€8 | +5.3% |
| Recurring financial charges | 65 | €143 | €150 | +€8 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,380 | -€20,447 | -€2,067 | -11.2% |
| Income taxes | 67/77 | €33,026 | €0 | -€33,026 | -100.0% |
| Profit (loss) for the period | 9904 | -€51,405 | -€20,447 | +€30,959 | +60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,405 | -€20,447 | +€30,959 | +60.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.