GMD BUILDING: 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.
GMD BUILDING
Largest movements
- Receivables within one year -€144,279
down €144,279 (-69.5%), from €207,478 to €63,199
of which Trade receivables: -€206,067
- Other debts -€154,089
down €154,089 (-79.4%), from €194,089 to €40,000
- Profit (loss) carried forward +€10,425
up €10,425 (+50.6%), from €20,598 to €31,023
- Gross operating margin +€22,048
up €22,048 (+76.7%), from €28,732 to €50,781
- Depreciation -€1,167
no longer reported in 2025 (was €1,167)
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.
Derived cash bridge
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 | €217,987 | €74,323 | -€143,664 | -65.9% |
| Current assets | 29/58 | €217,987 | €74,323 | -€143,664 | -65.9% |
| Amounts receivable within one year | 40/41 | €207,478 | €63,199 | -€144,279 | -69.5% |
| Trade receivables | 40 | €206,067 | - | -€206,067 | |
| Other amounts receivable | 41 | €1,410 | €63,199 | +€61,788 | +4,381% |
| Cash at bank and in hand | 54/58 | €10,509 | €11,125 | +€615 | +5.9% |
| Total equity and liabilities | 10/49 | €217,987 | €74,323 | -€143,664 | -65.9% |
| Equity | 10/15 | €23,898 | €34,323 | +€10,425 | +43.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,598 | €31,023 | +€10,425 | +50.6% |
| Amounts payable | 17/49 | €194,089 | €40,000 | -€154,089 | -79.4% |
| Amounts payable within one year | 42/48 | €194,089 | €40,000 | -€154,089 | -79.4% |
| Other amounts payable | 47/48 | €194,089 | €40,000 | -€154,089 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | - | -€1,167 | |
| Other operating charges | 640/8 | - | €350 | +€350 | |
| Gross operating margin | 9900 | €28,732 | €50,781 | +€22,048 | +76.7% |
| Operating profit (loss) | 9901 | €27,566 | €50,430 | +€22,865 | +82.9% |
| Financial income | 75/76B | €244 | - | -€244 | |
| Recurring financial income | 75 | €244 | - | -€244 | |
| Financial charges | 65/66B | €18 | €5 | -€13 | -71.5% |
| Recurring financial charges | 65 | €18 | €5 | -€13 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €27,792 | €50,425 | +€22,634 | +81.4% |
| Profit (loss) for the period | 9904 | €27,792 | €50,425 | +€22,634 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,792 | €50,425 | +€22,634 | +81.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.