G.D. ACTIVITY: 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.D. ACTIVITY
Largest movements
- Receivables within one year -€12,897
down €12,897 (-100%), from €12,897 to €0
of which Trade receivables: -€10,260
- Profit (loss) carried forward -€9,257
down €9,257 (-17.6%), from -€52,658 to -€61,915
- Other debts -€1,906
down €1,906 (-4.1%), from €46,568 to €44,661
- Trade debts -€1,222
down €1,222 (-100%), from €1,222 to €0
- Gross operating margin +€8,512
up €8,512 (+52.3%), from -€16,286 to -€7,774
- Provisions +€7,043
up €7,043, from -€7,043 to €0
- Depreciation -€453
down €453 (-81.2%), from €557 to €105
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
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 | €63,894 | €51,543 | -€12,351 | -19.3% |
| Fixed assets | 21/28 | €50,105 | €50,000 | -€105 | -0.2% |
| Tangible fixed assets | 22/27 | €50,105 | €50,000 | -€105 | -0.2% |
| Land and buildings | 22 | €50,000 | €50,000 | = | 0.0% |
| Furniture and vehicles | 24 | €105 | €0 | -€105 | -100% |
| Current assets | 29/58 | €13,789 | €1,543 | -€12,246 | -88.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €12,897 | €0 | -€12,897 | -100% |
| Trade receivables | 40 | €10,260 | €0 | -€10,260 | -100% |
| Other amounts receivable | 41 | €2,637 | €0 | -€2,637 | -100% |
| Cash at bank and in hand | 54/58 | €259 | €876 | +€616 | +238% |
| Deferred charges and accrued income | 490/1 | €633 | €667 | +€34 | +5.4% |
| Total equity and liabilities | 10/49 | €63,894 | €51,543 | -€12,351 | -19.3% |
| Equity | 10/15 | €15,542 | €6,285 | -€9,257 | -59.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,658 | -€61,915 | -€9,257 | -17.6% |
| Amounts payable | 17/49 | €48,352 | €45,258 | -€3,094 | -6.4% |
| Amounts payable within one year | 42/48 | €48,352 | €45,258 | -€3,094 | -6.4% |
| Trade debts | 44 | €1,222 | €0 | -€1,222 | -100% |
| Suppliers | 440/4 | €1,222 | €0 | -€1,222 | -100% |
| Taxes, remuneration and social security | 45 | €562 | €596 | +€34 | +6.0% |
| Taxes | 450/3 | €562 | €596 | +€34 | +6.0% |
| Other amounts payable | 47/48 | €46,568 | €44,661 | -€1,906 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557 | €105 | -€453 | -81.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,043 | €0 | +€7,043 | |
| Other operating charges | 640/8 | €1,266 | €1,266 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€16,286 | -€7,774 | +€8,512 | +52.3% |
| Operating profit (loss) | 9901 | -€11,066 | -€9,144 | +€1,922 | +17.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €58 | €53 | -€5 | -8.2% |
| Recurring financial charges | 65 | €58 | €53 | -€5 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,124 | -€9,197 | +€1,927 | +17.3% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,183 | -€9,257 | +€1,926 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,183 | -€9,257 | +€1,926 | +17.2% |
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.