GMG CONCEPT: 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.
GMG CONCEPT
Largest movements
- Cash -€12,720
down €12,720 (-78.3%), from €16,245 to €3,525
mainly Trade debts (-€10,362) and Other debts (-€7,108)
- Receivables within one year -€6,309
down €6,309 (-9.4%), from €67,134 to €60,825
of which Trade receivables: -€3,318
- Tangible fixed assets +€1,112
up €1,112 (+30.0%), from €3,705 to €4,817
of which Plant, machinery and equipment: +€1,676
- Trade debts -€10,362
down €10,362 (-65.4%), from €15,833 to €5,471
- Other debts -€7,108
down €7,108 (-93.2%), from €7,624 to €516
- Tax, wage and social debts -€7,023
down €7,023 (-66.9%), from €10,493 to €3,470
of which Remuneration and social security: -€4,900
- Current portion of long-term debt +€3,000
up €3,000 (+150.0%), from €2,000 to €5,000
- Profit (loss) carried forward +€2,554
up €2,554 (+6.0%), from €42,495 to €45,049
- Gross operating margin -€12,324
down €12,324 (-70.4%), from €17,514 to €5,190
- Other operating charges -€1,977
down €1,977 (-79.2%), from €2,498 to €521
- Taxes -€1,937
down €1,937 (-74.4%), from €2,604 to €667
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,445 | €69,506 | -€18,939 | -21.4% |
| Fixed assets | 21/28 | €4,205 | €4,817 | +€612 | +14.6% |
| Tangible fixed assets | 22/27 | €3,705 | €4,817 | +€1,112 | +30.0% |
| Plant, machinery and equipment | 23 | €333 | €2,009 | +€1,676 | +503.2% |
| Furniture and vehicles | 24 | €3,372 | €2,807 | -€564 | -16.7% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €84,241 | €64,690 | -€19,551 | -23.2% |
| Amounts receivable within one year | 40/41 | €67,134 | €60,825 | -€6,309 | -9.4% |
| Trade receivables | 40 | €62,586 | €59,268 | -€3,318 | -5.3% |
| Other amounts receivable | 41 | €4,548 | €1,557 | -€2,990 | -65.8% |
| Cash at bank and in hand | 54/58 | €16,245 | €3,525 | -€12,720 | -78.3% |
| Deferred charges and accrued income | 490/1 | €862 | €340 | -€522 | -60.6% |
| Total equity and liabilities | 10/49 | €88,445 | €69,506 | -€18,939 | -21.4% |
| Equity | 10/15 | €44,495 | €47,049 | +€2,554 | +5.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,495 | €45,049 | +€2,554 | +6.0% |
| Amounts payable | 17/49 | €43,950 | €22,457 | -€21,493 | -48.9% |
| Amounts payable after more than one year | 17 | €8,000 | €8,000 | = | 0.0% |
| Financial debts | 170/4 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,950 | €14,457 | -€21,493 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | €5,000 | +€3,000 | +150.0% |
| Trade debts | 44 | €15,833 | €5,471 | -€10,362 | -65.4% |
| Suppliers | 440/4 | €15,833 | €5,471 | -€10,362 | -65.4% |
| Taxes, remuneration and social security | 45 | €10,493 | €3,470 | -€7,023 | -66.9% |
| Taxes | 450/3 | €5,593 | €3,470 | -€2,123 | -38.0% |
| Remuneration and social security | 454/9 | €4,900 | - | -€4,900 | |
| Other amounts payable | 47/48 | €7,624 | €516 | -€7,108 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €729 | +€78 | +12.0% |
| Other operating charges | 640/8 | €2,498 | €521 | -€1,977 | -79.2% |
| Non-recurring operating charges | 66A | - | €432 | +€432 | |
| Gross operating margin | 9900 | €17,514 | €5,190 | -€12,324 | -70.4% |
| Operating profit (loss) | 9901 | €14,365 | €3,509 | -€10,857 | -75.6% |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €330 | €345 | +€15 | +4.5% |
| Recurring financial charges | 65 | €330 | €345 | +€15 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €14,036 | €3,220 | -€10,815 | -77.1% |
| Income taxes | 67/77 | €2,604 | €667 | -€1,937 | -74.4% |
| Profit (loss) for the period | 9904 | €11,432 | €2,554 | -€8,878 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,432 | €2,554 | -€8,878 | -77.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.