GMH: 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.
GMH
Largest movements
- Receivables within one year +€1,611
up €1,611 (+709.5%), from €227 to €1,838
of which Trade receivables: +€1,838
- Cash +€482
up €482 (+12.2%), from €3,937 to €4,419
mainly Tax, wage and social debts (+€5,166) and Trade debts (+€137)
- Tax, wage and social debts +€5,166
up €5,166 (+827.9%), from €624 to €5,790
of which Remuneration and social security: +€4,500
- Profit (loss) carried forward -€3,211
down €3,211 (-24.2%), from -€13,260 to -€16,471
- Trade debts +€137
new in 2024: €137
- Gross operating margin +€1,907
up €1,907 (+44.8%), from -€4,254 to -€2,347
- Purchases and services -€1,425
down €1,425 (-6.2%), from €22,847 to €21,422
- Turnover -€822
down €822 (-4.6%), from €17,797 to €16,975
- Other operating charges +€626
up €626 (+1082.3%), from €58 to €683
- Depreciation -€282
no longer reported in 2024 (was €282)
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 | €5,964 | €8,056 | +€2,092 | +35.1% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €4,164 | €6,256 | +€2,092 | +50.2% |
| Amounts receivable within one year | 40/41 | €227 | €1,838 | +€1,611 | +709.5% |
| Trade receivables | 40 | - | €1,838 | +€1,838 | |
| Other amounts receivable | 41 | €227 | - | -€227 | |
| Cash at bank and in hand | 54/58 | €3,937 | €4,419 | +€482 | +12.2% |
| Total equity and liabilities | 10/49 | €5,964 | €8,056 | +€2,092 | +35.1% |
| Equity | 10/15 | €5,340 | €2,129 | -€3,211 | -60.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,260 | -€16,471 | -€3,211 | -24.2% |
| Amounts payable | 17/49 | €624 | €5,927 | +€5,303 | +849.9% |
| Amounts payable within one year | 42/48 | €624 | €5,927 | +€5,303 | +849.9% |
| Trade debts | 44 | - | €137 | +€137 | |
| Suppliers | 440/4 | - | €137 | +€137 | |
| Taxes, remuneration and social security | 45 | €624 | €5,790 | +€5,166 | +827.9% |
| Taxes | 450/3 | €624 | €1,290 | +€666 | +106.7% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Turnover | 70 | €17,797 | €16,975 | -€822 | -4.6% |
| Non-recurring operating income | 76A | €796 | €2,100 | +€1,304 | +163.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,847 | €21,422 | -€1,425 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | - | -€282 | |
| Other operating charges | 640/8 | €58 | €683 | +€626 | +1082.3% |
| Gross operating margin | 9900 | -€4,254 | -€2,347 | +€1,907 | +44.8% |
| Operating profit (loss) | 9901 | -€4,594 | -€3,031 | +€1,563 | +34.0% |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,774 | -€3,211 | +€1,563 | +32.7% |
| Profit (loss) for the period | 9904 | -€4,774 | -€3,211 | +€1,563 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,774 | -€3,211 | +€1,563 | +32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.