GMD CONSTRUCTION: 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.
GMD CONSTRUCTION
Largest movements
- Receivables within one year -€2,513
down €2,513 (-20.3%), from €12,379 to €9,866
of which Trade receivables: -€2,960
- Current investments +€1,584
new in 2022: €1,584
- Tangible fixed assets -€1,183
down €1,183 (-30.6%), from €3,862 to €2,679
of which Plant, machinery and equipment: -€968
- Cash -€636
no longer reported in 2022 (was €636)
mainly Trade debts (-€5,242) and Current investments (-€1,584)
- Trade debts -€5,242
down €5,242 (-31.0%), from €16,935 to €11,693
- Profit (loss) carried forward +€4,860
up €4,860 (+44.4%), from -€10,946 to -€6,086
- Other debts -€1,388
down €1,388 (-51.9%), from €2,675 to €1,287
- Tax, wage and social debts -€978
no longer reported in 2022 (was €978)
- Purchases and services -€52,489
down €52,489 (-80.3%), from €65,346 to €12,857
- Gross operating margin +€20,676
up €20,676, from -€11,249 to €9,427
- Financial charges +€2,106
up €2,106 (+182.3%), from €1,155 to €3,261
- Turnover -€1,353
down €1,353 (-2.5%), from €53,637 to €52,284
- Depreciation +€1,183
new in 2022: €1,183
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,112 | €14,364 | -€2,748 | -16.1% |
| Fixed assets | 21/28 | €3,862 | €2,679 | -€1,183 | -30.6% |
| Tangible fixed assets | 22/27 | €3,862 | €2,679 | -€1,183 | -30.6% |
| Plant, machinery and equipment | 23 | €3,003 | €2,035 | -€968 | -32.2% |
| Furniture and vehicles | 24 | €859 | €644 | -€215 | -25.0% |
| Current assets | 29/58 | €13,250 | €11,685 | -€1,565 | -11.8% |
| Stocks and contracts in progress | 3 | €235 | €235 | = | 0.0% |
| Stocks | 30/36 | €235 | €235 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,379 | €9,866 | -€2,513 | -20.3% |
| Trade receivables | 40 | €12,379 | €9,419 | -€2,960 | -23.9% |
| Other amounts receivable | 41 | - | €447 | +€447 | |
| Current investments | 50/53 | - | €1,584 | +€1,584 | |
| Cash at bank and in hand | 54/58 | €636 | - | -€636 | |
| Total equity and liabilities | 10/49 | €17,112 | €14,364 | -€2,748 | -16.1% |
| Equity | 10/15 | -€3,476 | €1,384 | +€4,860 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €2,970 | €2,970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €270 | €270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €270 | €270 | = | 0.0% |
| Distributable reserves | 133 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,946 | -€6,086 | +€4,860 | +44.4% |
| Amounts payable | 17/49 | €20,588 | €12,980 | -€7,608 | -37.0% |
| Amounts payable within one year | 42/48 | €20,588 | €12,980 | -€7,608 | -37.0% |
| Trade debts | 44 | €16,935 | €11,693 | -€5,242 | -31.0% |
| Suppliers | 440/4 | €16,935 | €11,693 | -€5,242 | -31.0% |
| Taxes, remuneration and social security | 45 | €978 | - | -€978 | |
| Taxes | 450/3 | €978 | - | -€978 | |
| Other amounts payable | 47/48 | €2,675 | €1,287 | -€1,388 | -51.9% |
| Turnover | 70 | €53,637 | €52,284 | -€1,353 | -2.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €65,346 | €12,857 | -€52,489 | -80.3% |
| Remuneration, social security and pensions | 62 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,183 | +€1,183 | |
| Other operating charges | 640/8 | €659 | €122 | -€537 | -81.5% |
| Gross operating margin | 9900 | -€11,249 | €9,427 | +€20,676 | |
| Operating profit (loss) | 9901 | -€11,928 | €8,122 | +€20,050 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,155 | €3,261 | +€2,106 | +182.3% |
| Recurring financial charges | 65 | €1,155 | €3,261 | +€2,106 | +182.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,082 | €4,861 | +€17,943 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€13,082 | €4,860 | +€17,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,082 | €4,860 | +€17,942 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.