CD GES ADMIN: 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.
CD GES ADMIN
Largest movements
- Receivables within one year +€5,363
up €5,363 (+60.8%), from €8,817 to €14,180
of which Trade receivables: +€5,034
- Cash +€4,208
up €4,208 (+118.2%), from €3,562 to €7,770
mainly Net result for the year (+€6,577) and Tax, wage and social debts (+€2,338)
- Formation expenses -€258
down €258 (-28.5%), from €903 to €645
- Profit (loss) carried forward +€6,577
up €6,577 (+186.8%), from €3,521 to €10,097
- Tax, wage and social debts +€2,338
up €2,338 (+32.4%), from €7,223 to €9,561
- Trade debts +€514
up €514 (+25.3%), from €2,034 to €2,549
- Gross operating margin +€4,062
up €4,062 (+69.8%), from €5,820 to €9,882
- Taxes +€1,179
up €1,179 (+68.0%), from €1,734 to €2,913
- Depreciation -€128
down €128 (-33.2%), from €386 to €258
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,282 | €22,707 | +€9,425 | +71.0% |
| Formation expenses | 20 | €903 | €645 | -€258 | -28.5% |
| Current assets | 29/58 | €12,378 | €22,062 | +€9,683 | +78.2% |
| Amounts receivable within one year | 40/41 | €8,817 | €14,180 | +€5,363 | +60.8% |
| Trade receivables | 40 | €8,817 | €13,850 | +€5,034 | +57.1% |
| Other amounts receivable | 41 | - | €330 | +€330 | |
| Cash at bank and in hand | 54/58 | €3,562 | €7,770 | +€4,208 | +118.2% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €13,282 | €22,707 | +€9,425 | +71.0% |
| Equity | 10/15 | €4,021 | €10,597 | +€6,577 | +163.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,521 | €10,097 | +€6,577 | +186.8% |
| Amounts payable | 17/49 | €9,261 | €12,110 | +€2,849 | +30.8% |
| Amounts payable within one year | 42/48 | €9,261 | €12,110 | +€2,849 | +30.8% |
| Trade debts | 44 | €2,034 | €2,549 | +€514 | +25.3% |
| Suppliers | 440/4 | €2,034 | €2,549 | +€514 | +25.3% |
| Taxes, remuneration and social security | 45 | €7,223 | €9,561 | +€2,338 | +32.4% |
| Taxes | 450/3 | €7,223 | €9,561 | +€2,338 | +32.4% |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €258 | -€128 | -33.2% |
| Other operating charges | 640/8 | €162 | €103 | -€60 | -36.6% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €5,820 | €9,882 | +€4,062 | +69.8% |
| Operating profit (loss) | 9901 | €5,271 | €9,518 | +€4,246 | +80.6% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €17 | €59 | +€42 | +249.2% |
| Recurring financial charges | 65 | €17 | €59 | +€42 | +249.2% |
| Profit (loss) for the period before taxes | 9903 | €5,254 | €9,489 | +€4,235 | +80.6% |
| Income taxes | 67/77 | €1,734 | €2,913 | +€1,179 | +68.0% |
| Profit (loss) for the period | 9904 | €3,521 | €6,577 | +€3,056 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,521 | €6,577 | +€3,056 | +86.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.