G.C.D.CONCEPT: 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.
G.C.D.CONCEPT
Largest movements
- Receivables within one year +€27,569
up €27,569 (+9.4%), from €294,472 to €322,041
of which Other amounts receivable: +€46,451
- Reserves +€31,810
up €31,810 (+21.7%), from €146,694 to €178,504
- Trade debts -€21,893
down €21,893 (-21.7%), from €100,726 to €78,833
- Contributions +€19,900
new in 2025: €19,900
- Short-term financial debts -€7,813
down €7,813 (-61.0%), from €12,803 to €4,990
- Gross operating margin +€81,618
up €81,618 (+197%), from €41,438 to €123,056
- Taxes +€29,369
up €29,369 (+554%), from €5,298 to €34,667
- Staff costs +€9,706
up €9,706 (+32.5%), from €29,853 to €39,560
- Financial charges +€3,374
up €3,374 (+86.3%), from €3,912 to €7,287
- Depreciation -€1,868
down €1,868 (-55.0%), from €3,398 to €1,529
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,715 | €325,206 | +€23,492 | +7.8% |
| Fixed assets | 21/28 | €3,737 | €1,273 | -€2,464 | -65.9% |
| Tangible fixed assets | 22/27 | €3,737 | €1,273 | -€2,464 | -65.9% |
| Furniture and vehicles | 24 | €3,737 | €1,273 | -€2,464 | -65.9% |
| Current assets | 29/58 | €297,977 | €323,933 | +€25,955 | +8.7% |
| Amounts receivable within one year | 40/41 | €294,472 | €322,041 | +€27,569 | +9.4% |
| Trade receivables | 40 | €58,215 | €39,334 | -€18,881 | -32.4% |
| Other amounts receivable | 41 | €236,257 | €282,707 | +€46,451 | +19.7% |
| Deferred charges and accrued income | 490/1 | €3,506 | €1,892 | -€1,614 | -46.0% |
| Total equity and liabilities | 10/49 | €301,715 | €325,206 | +€23,492 | +7.8% |
| Equity | 10/15 | €146,704 | €198,419 | +€51,715 | +35.3% |
| Contributions | 10/11 | - | €19,900 | +€19,900 | |
| Contributions outside capital | 11 | - | €19,900 | +€19,900 | |
| Other | 1109/19 | - | €19,900 | +€19,900 | |
| Reserves | 13 | €146,694 | €178,504 | +€31,810 | +21.7% |
| Distributable reserves | 133 | €146,694 | €178,504 | +€31,810 | +21.7% |
| Profit (loss) carried forward | 14 | €10 | €15 | +€5 | +53.0% |
| Amounts payable | 17/49 | €155,011 | €126,787 | -€28,224 | -18.2% |
| Amounts payable within one year | 42/48 | €155,011 | €126,787 | -€28,224 | -18.2% |
| Financial debts | 43 | €12,803 | €4,990 | -€7,813 | -61.0% |
| Credit institutions | 430/8 | €12,803 | €4,990 | -€7,813 | -61.0% |
| Trade debts | 44 | €100,726 | €78,833 | -€21,893 | -21.7% |
| Suppliers | 440/4 | €100,726 | €78,833 | -€21,893 | -21.7% |
| Taxes, remuneration and social security | 45 | €41,482 | €42,965 | +€1,483 | +3.6% |
| Taxes | 450/3 | €33,491 | €35,029 | +€1,537 | +4.6% |
| Remuneration and social security | 454/9 | €7,990 | €7,936 | -€54 | -0.7% |
| Remuneration, social security and pensions | 62 | €29,853 | €39,560 | +€9,706 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,398 | €1,529 | -€1,868 | -55.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €41,438 | €123,056 | +€81,618 | +197% |
| Operating profit (loss) | 9901 | €7,799 | €81,567 | +€73,768 | +946% |
| Financial income | 75/76B | €12,086 | €12,102 | +€16 | +0.1% |
| Recurring financial income | 75 | €12,086 | €12,102 | +€16 | +0.1% |
| Financial charges | 65/66B | €3,912 | €7,287 | +€3,374 | +86.3% |
| Recurring financial charges | 65 | €3,912 | €7,287 | +€3,374 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €15,973 | €86,382 | +€70,409 | +441% |
| Income taxes | 67/77 | €5,298 | €34,667 | +€29,369 | +554% |
| Profit (loss) for the period | 9904 | €10,675 | €51,715 | +€41,040 | +384% |
| Profit (loss) for the period to be appropriated | 9905 | €10,675 | €51,715 | +€41,040 | +384% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.