GMCORP: 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.
GMCORP
Largest movements
- Cash +€20,668
up €20,668 (+51.6%), from €40,055 to €60,723
mainly Net result for the year (+€27,264) and Tax, wage and social debts (+€7,957)
- Deferred charges and accrued income +€5,169
up €5,169 (+11486.0%), from €45 to €5,214
- Profit (loss) carried forward +€17,264
up €17,264 (+119.7%), from €14,422 to €31,686
- Tax, wage and social debts +€7,957
up €7,957 (+56.7%), from €14,022 to €21,978
of which Taxes: +€7,957
- Gross operating margin -€6,478
down €6,478 (-15.4%), from €42,061 to €35,583
- Taxes -€1,370
down €1,370 (-15.7%), from €8,735 to €7,366
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 | €41,093 | €66,456 | +€25,363 | +61.7% |
| Fixed assets | 21/28 | €993 | €519 | -€474 | -47.7% |
| Tangible fixed assets | 22/27 | €993 | €519 | -€474 | -47.7% |
| Furniture and vehicles | 24 | €993 | €519 | -€474 | -47.7% |
| Current assets | 29/58 | €40,100 | €65,937 | +€25,836 | +64.4% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €40,055 | €60,723 | +€20,668 | +51.6% |
| Deferred charges and accrued income | 490/1 | €45 | €5,214 | +€5,169 | +11486.0% |
| Total equity and liabilities | 10/49 | €41,093 | €66,456 | +€25,363 | +61.7% |
| Equity | 10/15 | €16,422 | €33,686 | +€17,264 | +105.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,422 | €31,686 | +€17,264 | +119.7% |
| Amounts payable | 17/49 | €24,671 | €32,770 | +€8,099 | +32.8% |
| Amounts payable within one year | 42/48 | €24,508 | €32,678 | +€8,171 | +33.3% |
| Trade debts | 44 | €486 | €700 | +€214 | +44.1% |
| Suppliers | 440/4 | €486 | €700 | +€214 | +44.1% |
| Taxes, remuneration and social security | 45 | €14,022 | €21,978 | +€7,957 | +56.7% |
| Taxes | 450/3 | €14,022 | €21,978 | +€7,957 | +56.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €164 | €92 | -€72 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €474 | +€63 | +15.2% |
| Other operating charges | 640/8 | - | €107 | +€107 | |
| Gross operating margin | 9900 | €42,061 | €35,583 | -€6,478 | -15.4% |
| Operating profit (loss) | 9901 | €41,650 | €35,002 | -€6,648 | -16.0% |
| Financial charges | 65/66B | €162 | €373 | +€211 | +130.1% |
| Recurring financial charges | 65 | €162 | €373 | +€211 | +130.1% |
| Profit (loss) for the period before taxes | 9903 | €41,488 | €34,629 | -€6,858 | -16.5% |
| Income taxes | 67/77 | €8,735 | €7,366 | -€1,370 | -15.7% |
| Profit (loss) for the period | 9904 | €32,753 | €27,264 | -€5,489 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,753 | €27,264 | -€5,489 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.