GUMMAR: 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.
GUMMAR
Largest movements
- Tangible fixed assets -€168,762
no longer reported in 2024 (was €168,762)
of which Plant, machinery and equipment: -€151,761
- Stocks and contracts -€96,412
no longer reported in 2024 (was €96,412)
- Cash -€23,466
down €23,466 (-68.4%), from €34,320 to €10,854
mainly Trade debts (-€334,923) and Current portion of long-term debt (-€20,345)
- Deferred charges and accrued income -€19,406
no longer reported in 2024 (was €19,406)
- Receivables within one year -€8,957
down €8,957 (-5.2%), from €172,264 to €163,308
of which Trade receivables: -€34,318
- Trade debts -€334,923
down €334,923 (-99.6%), from €336,271 to €1,348
- Profit (loss) carried forward +€81,662
up €81,662 (+58.5%), from -€139,475 to -€57,813
- Current portion of long-term debt -€20,345
down €20,345 (-66.3%), from €30,701 to €10,356
- Accrued charges and deferred income -€20,000
no longer reported in 2024 (was €20,000)
- Tax, wage and social debts -€12,774
down €12,774 (-36.3%), from €35,218 to €22,444
of which Remuneration and social security: -€20,470
- Gross operating margin +€292,918
up €292,918 (+461%), from €63,477 to €356,395
- Other operating charges +€68,146
up €68,146 (+5,072%), from €1,343 to €69,489
- Depreciation -€61,030
no longer reported in 2024 (was €61,030)
- Staff costs -€58,775
down €58,775 (-73.1%), from €80,369 to €21,593
- Financial charges -€9,456
down €9,456 (-61.0%), from €15,499 to €6,044
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.
Derived cash bridge
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 | €491,163 | €174,161 | -€317,002 | -64.5% |
| Fixed assets | 21/28 | €168,762 | - | -€168,762 | |
| Tangible fixed assets | 22/27 | €168,762 | - | -€168,762 | |
| Plant, machinery and equipment | 23 | €151,761 | - | -€151,761 | |
| Furniture and vehicles | 24 | €4,312 | - | -€4,312 | |
| Other tangible fixed assets | 26 | €12,689 | - | -€12,689 | |
| Current assets | 29/58 | €322,402 | €174,161 | -€148,240 | -46.0% |
| Stocks and contracts in progress | 3 | €96,412 | - | -€96,412 | |
| Stocks | 30/36 | €96,412 | - | -€96,412 | |
| Amounts receivable within one year | 40/41 | €172,264 | €163,308 | -€8,957 | -5.2% |
| Trade receivables | 40 | €34,318 | - | -€34,318 | |
| Other amounts receivable | 41 | €137,946 | €163,308 | +€25,361 | +18.4% |
| Cash at bank and in hand | 54/58 | €34,320 | €10,854 | -€23,466 | -68.4% |
| Deferred charges and accrued income | 490/1 | €19,406 | - | -€19,406 | |
| Total equity and liabilities | 10/49 | €491,163 | €174,161 | -€317,002 | -64.5% |
| Equity | 10/15 | -€61,498 | €20,164 | +€81,662 | |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Contributions outside capital | 11 | €24,000 | €24,000 | = | 0.0% |
| Share premium | 1100/10 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €53,977 | €53,977 | = | 0.0% |
| Distributable reserves | 133 | €53,977 | €53,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,475 | -€57,813 | +€81,662 | +58.5% |
| Amounts payable | 17/49 | €552,661 | €153,997 | -€398,664 | -72.1% |
| Amounts payable after more than one year | 17 | €114,997 | €114,997 | = | 0.0% |
| Financial debts | 170/4 | €114,997 | €114,997 | = | 0.0% |
| Amounts payable within one year | 42/48 | €417,664 | €39,000 | -€378,664 | -90.7% |
| Current portion of amounts payable after more than one year | 42 | €30,701 | €10,356 | -€20,345 | -66.3% |
| Trade debts | 44 | €336,271 | €1,348 | -€334,923 | -99.6% |
| Suppliers | 440/4 | €336,271 | €1,348 | -€334,923 | -99.6% |
| Taxes, remuneration and social security | 45 | €35,218 | €22,444 | -€12,774 | -36.3% |
| Taxes | 450/3 | €13,682 | €21,378 | +€7,696 | +56.3% |
| Remuneration and social security | 454/9 | €21,536 | €1,066 | -€20,470 | -95.1% |
| Other amounts payable | 47/48 | €15,474 | €4,852 | -€10,621 | -68.6% |
| Accrued charges and deferred income | 492/3 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €80,369 | €21,593 | -€58,775 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,030 | - | -€61,030 | |
| Other operating charges | 640/8 | €1,343 | €69,489 | +€68,146 | +5,072% |
| Non-recurring operating charges | 66A | - | €168,762 | +€168,762 | |
| Gross operating margin | 9900 | €63,477 | €356,395 | +€292,918 | +461% |
| Operating profit (loss) | 9901 | -€79,266 | €96,551 | +€175,816 | |
| Financial income | 75/76B | €616 | - | -€616 | |
| Recurring financial income | 75 | €616 | - | -€616 | |
| Financial charges | 65/66B | €15,499 | €6,044 | -€9,456 | -61.0% |
| Recurring financial charges | 65 | €15,499 | €6,044 | -€9,456 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | -€94,149 | €90,507 | +€184,656 | |
| Income taxes | 67/77 | €149 | €8,845 | +€8,696 | +5,818% |
| Profit (loss) for the period | 9904 | -€94,298 | €81,662 | +€175,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,298 | €81,662 | +€175,960 |
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 14 October 2026 via checked.be.