GMI: 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.
GMI
Largest movements
- Tangible fixed assets -€22,786
down €22,786 (-6.9%), from €328,303 to €305,517
of which Plant, machinery and equipment: -€15,866
- Cash +€11,902
up €11,902 (+89.3%), from €13,331 to €25,234
mainly Depreciation (+€22,786) and Net result for the year (+€11,990)
- Debts after one year -€20,987
down €20,987 (-13.5%), from €155,470 to €134,483
- Profit (loss) carried forward +€11,990
up €11,990 (+59.0%), from €20,332 to €32,322
- Other debts -€6,805
down €6,805 (-57.9%), from €11,761 to €4,956
- Gross operating margin +€8,552
up €8,552 (+22.5%), from €37,937 to €46,489
- Other operating charges +€2,759
up €2,759 (+428.4%), from €644 to €3,403
- Taxes +€2,050
up €2,050 (+74.4%), from €2,753 to €4,803
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 | €342,300 | €331,288 | -€11,012 | -3.2% |
| Fixed assets | 21/28 | €328,303 | €305,517 | -€22,786 | -6.9% |
| Tangible fixed assets | 22/27 | €328,303 | €305,517 | -€22,786 | -6.9% |
| Land and buildings | 22 | €189,035 | €182,116 | -€6,919 | -3.7% |
| Plant, machinery and equipment | 23 | €139,268 | €123,402 | -€15,866 | -11.4% |
| Current assets | 29/58 | €13,997 | €25,770 | +€11,774 | +84.1% |
| Cash at bank and in hand | 54/58 | €13,331 | €25,234 | +€11,902 | +89.3% |
| Deferred charges and accrued income | 490/1 | €665 | €537 | -€129 | -19.3% |
| Total equity and liabilities | 10/49 | €342,300 | €331,288 | -€11,012 | -3.2% |
| Equity | 10/15 | €127,232 | €141,722 | +€14,490 | +11.4% |
| Contributions | 10/11 | €106,900 | €109,400 | +€2,500 | +2.3% |
| Profit (loss) carried forward | 14 | €20,332 | €32,322 | +€11,990 | +59.0% |
| Amounts payable | 17/49 | €215,068 | €189,566 | -€25,502 | -11.9% |
| Amounts payable after more than one year | 17 | €155,470 | €134,483 | -€20,987 | -13.5% |
| Financial debts | 170/4 | €155,470 | €134,483 | -€20,987 | -13.5% |
| Amounts payable within one year | 42/48 | €59,598 | €55,083 | -€4,514 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €20,600 | €20,987 | +€388 | +1.9% |
| Trade debts | 44 | €821 | €200 | -€621 | -75.6% |
| Suppliers | 440/4 | €821 | €200 | -€621 | -75.6% |
| Taxes, remuneration and social security | 45 | €26,415 | €28,939 | +€2,524 | +9.6% |
| Taxes | 450/3 | €26,415 | €28,939 | +€2,524 | +9.6% |
| Other amounts payable | 47/48 | €11,761 | €4,956 | -€6,805 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,720 | €22,786 | +€66 | +0.3% |
| Other operating charges | 640/8 | €644 | €3,403 | +€2,759 | +428.4% |
| Gross operating margin | 9900 | €37,937 | €46,489 | +€8,552 | +22.5% |
| Operating profit (loss) | 9901 | €14,574 | €20,301 | +€5,727 | +39.3% |
| Financial charges | 65/66B | €3,821 | €3,508 | -€313 | -8.2% |
| Recurring financial charges | 65 | €3,821 | €3,508 | -€313 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €10,752 | €16,792 | +€6,040 | +56.2% |
| Income taxes | 67/77 | €2,753 | €4,803 | +€2,050 | +74.4% |
| Profit (loss) for the period | 9904 | €7,999 | €11,990 | +€3,991 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,999 | €11,990 | +€3,991 | +49.9% |
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 3 October 2026 via checked.be.