GML MANAGEMENT: 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.
GML MANAGEMENT
Largest movements
- Receivables within one year -€71,111
down €71,111 (-86.1%), from €82,612 to €11,501
of which Other amounts receivable: -€66,271
- Cash -€54,877
down €54,877 (-45.3%), from €121,264 to €66,387
mainly Contributions, distributions and other (-€172,321) and Investment in fixed assets (net) (-€29,613)
- Contributions -€112,400
no longer reported in 2024 (was €112,400)
- Other debts +€62,162
new in 2024: €62,162
- Profit (loss) carried forward -€53,525
down €53,525 (-92.2%), from €58,061 to €4,535
- Debts after one year -€25,958
down €25,958 (-6.3%), from €409,997 to €384,039
of which Financial debts: -€25,958
- Trade debts +€8,170
up €8,170 (+292.2%), from €2,796 to €10,966
- Gross operating margin -€80,738
down €80,738 (-57.7%), from €139,951 to €59,212
- Taxes -€18,760
down €18,760 (-89.3%), from €21,010 to €2,249
- Depreciation -€6,940
down €6,940 (-16.9%), from €41,002 to €34,062
- Other operating charges -€1,903
down €1,903 (-34.1%), from €5,582 to €3,678
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 | €634,835 | €505,637 | -€129,199 | -20.4% |
| Fixed assets | 21/28 | €430,960 | €426,511 | -€4,449 | -1.0% |
| Tangible fixed assets | 22/27 | €430,400 | €425,951 | -€4,449 | -1.0% |
| Land and buildings | 22 | €380,322 | €389,071 | +€8,749 | +2.3% |
| Furniture and vehicles | 24 | €50,079 | €36,880 | -€13,199 | -26.4% |
| Financial fixed assets | 28 | €559 | €559 | = | 0.0% |
| Current assets | 29/58 | €203,876 | €79,126 | -€124,749 | -61.2% |
| Amounts receivable within one year | 40/41 | €82,612 | €11,501 | -€71,111 | -86.1% |
| Trade receivables | 40 | €7,260 | €2,420 | -€4,840 | -66.7% |
| Other amounts receivable | 41 | €75,352 | €9,081 | -€66,271 | -87.9% |
| Cash at bank and in hand | 54/58 | €121,264 | €66,387 | -€54,877 | -45.3% |
| Deferred charges and accrued income | 490/1 | - | €1,239 | +€1,239 | |
| Total equity and liabilities | 10/49 | €634,835 | €505,637 | -€129,199 | -20.4% |
| Equity | 10/15 | €172,321 | €4,535 | -€167,785 | -97.4% |
| Contributions | 10/11 | €112,400 | - | -€112,400 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €58,061 | €4,535 | -€53,525 | -92.2% |
| Amounts payable | 17/49 | €462,515 | €501,101 | +€38,587 | +8.3% |
| Amounts payable after more than one year | 17 | €409,997 | €384,039 | -€25,958 | -6.3% |
| Financial debts | 170/4 | €408,237 | €382,279 | -€25,958 | -6.4% |
| Other amounts payable | 178/9 | €1,760 | €1,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,861 | €117,062 | +€68,201 | +139.6% |
| Current portion of amounts payable after more than one year | 42 | €25,065 | €25,958 | +€893 | +3.6% |
| Trade debts | 44 | €2,796 | €10,966 | +€8,170 | +292.2% |
| Suppliers | 440/4 | €2,796 | €10,966 | +€8,170 | +292.2% |
| Taxes, remuneration and social security | 45 | €21,000 | €17,976 | -€3,024 | -14.4% |
| Taxes | 450/3 | €21,000 | €17,976 | -€3,024 | -14.4% |
| Other amounts payable | 47/48 | - | €62,162 | +€62,162 | |
| Accrued charges and deferred income | 492/3 | €3,656 | - | -€3,656 | |
| Non-recurring operating income | 76A | €48,775 | - | -€48,775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,002 | €34,062 | -€6,940 | -16.9% |
| Other operating charges | 640/8 | €5,582 | €3,678 | -€1,903 | -34.1% |
| Gross operating margin | 9900 | €139,951 | €59,212 | -€80,738 | -57.7% |
| Operating profit (loss) | 9901 | €93,367 | €21,472 | -€71,895 | -77.0% |
| Financial income | 75/76B | €53 | €244 | +€191 | +359.8% |
| Recurring financial income | 75 | €53 | €244 | +€191 | +359.8% |
| Financial charges | 65/66B | €15,604 | €14,931 | -€673 | -4.3% |
| Recurring financial charges | 65 | €15,604 | €14,931 | -€673 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €77,816 | €6,785 | -€71,031 | -91.3% |
| Income taxes | 67/77 | €21,010 | €2,249 | -€18,760 | -89.3% |
| Profit (loss) for the period | 9904 | €56,806 | €4,535 | -€52,271 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,806 | €4,535 | -€52,271 | -92.0% |
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 5 October 2026 via checked.be.