GMK: 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.
GMK
Largest movements
- Tangible fixed assets -€2,667
down €2,667 (-100.0%), from €2,667 to €0
of which Furniture and vehicles: -€2,667
- Cash -€2,020
down €2,020 (-100.0%), from €2,020 to €0
- Receivables within one year +€547
up €547 (+9.7%), from €5,619 to €6,166
- Tax, wage and social debts -€14,427
down €14,427 (-91.2%), from €15,822 to €1,396
of which Remuneration and social security: -€14,380
- Trade debts +€12,953
up €12,953 (+109.3%), from €11,849 to €24,802
- Other debts -€3,211
down €3,211 (-31.6%), from €10,148 to €6,937
- Short-term financial debts +€1,458
new in 2024: €1,458
- Profit (loss) carried forward -€914
down €914 (-1.7%), from -€52,513 to -€53,427
- Staff costs -€35,283
down €35,283 (-99.9%), from €35,322 to €40
- Gross operating margin -€6,238
down €6,238 (-486.8%), from -€1,281 to -€7,519
- Other operating charges -€354
down €354 (-75.0%), from €472 to €118
- Financial charges +€90
up €90 (+33.9%), from €265 to €355
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,306 | €6,166 | -€4,140 | -40.2% |
| Fixed assets | 21/28 | €2,667 | €0 | -€2,667 | -100.0% |
| Tangible fixed assets | 22/27 | €2,667 | €0 | -€2,667 | -100.0% |
| Plant, machinery and equipment | 23 | - | €0 | +€0 | |
| Furniture and vehicles | 24 | €2,667 | - | -€2,667 | |
| Current assets | 29/58 | €7,639 | €6,166 | -€1,473 | -19.3% |
| Amounts receivable within one year | 40/41 | €5,619 | €6,166 | +€547 | +9.7% |
| Other amounts receivable | 41 | €5,619 | €6,166 | +€547 | +9.7% |
| Cash at bank and in hand | 54/58 | €2,020 | €0 | -€2,020 | -100.0% |
| Total equity and liabilities | 10/49 | €10,306 | €6,166 | -€4,140 | -40.2% |
| Equity | 10/15 | -€27,513 | -€28,427 | -€914 | -3.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,513 | -€53,427 | -€914 | -1.7% |
| Amounts payable | 17/49 | €37,819 | €34,593 | -€3,226 | -8.5% |
| Amounts payable within one year | 42/48 | €37,819 | €34,593 | -€3,226 | -8.5% |
| Financial debts | 43 | - | €1,458 | +€1,458 | |
| Credit institutions | 430/8 | - | €1,458 | +€1,458 | |
| Trade debts | 44 | €11,849 | €24,802 | +€12,953 | +109.3% |
| Suppliers | 440/4 | €11,849 | €24,802 | +€12,953 | +109.3% |
| Taxes, remuneration and social security | 45 | €15,822 | €1,396 | -€14,427 | -91.2% |
| Taxes | 450/3 | €100 | €53 | -€47 | -46.7% |
| Remuneration and social security | 454/9 | €15,722 | €1,342 | -€14,380 | -91.5% |
| Other amounts payable | 47/48 | €10,148 | €6,937 | -€3,211 | -31.6% |
| Remuneration, social security and pensions | 62 | €35,322 | €40 | -€35,283 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | €1,333 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €118 | -€354 | -75.0% |
| Gross operating margin | 9900 | -€1,281 | -€7,519 | -€6,238 | -486.8% |
| Operating profit (loss) | 9901 | -€38,409 | -€9,011 | +€29,399 | +76.5% |
| Financial charges | 65/66B | €265 | €355 | +€90 | +33.9% |
| Recurring financial charges | 65 | €265 | €355 | +€90 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | -€38,674 | -€9,365 | +€29,309 | +75.8% |
| Profit (loss) for the period | 9904 | -€38,674 | -€9,365 | +€29,309 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,674 | -€9,365 | +€29,309 | +75.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.