G.D. ADVICE: 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. ADVICE
Largest movements
- Receivables within one year +€28,442
up €28,442 (+121%), from €23,522 to €51,964
- Profit (loss) carried forward +€52,240
up €52,240 (+26.0%), from €200,871 to €253,111
- Current portion of long-term debt -€33,919
down €33,919 (-59.3%), from €57,196 to €23,277
- Debts after one year -€23,277
down €23,277 (-17.7%), from €131,610 to €108,333
- Tax, wage and social debts +€19,247
up €19,247 (+48.1%), from €40,044 to €59,291
- Trade debts +€7,510
up €7,510 (+81.2%), from €9,248 to €16,757
- Gross operating margin -€5,660
down €5,660 (-5.6%), from €101,238 to €95,578
- Financial charges -€3,581
down €3,581 (-33.2%), from €10,783 to €7,202
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 | €549,371 | €575,051 | +€25,681 | +4.7% |
| Fixed assets | 21/28 | €485,588 | €482,521 | -€3,067 | -0.6% |
| Tangible fixed assets | 22/27 | €11,652 | €8,585 | -€3,067 | -26.3% |
| Furniture and vehicles | 24 | €7,234 | €5,667 | -€1,567 | -21.7% |
| Other tangible fixed assets | 26 | €4,418 | €2,918 | -€1,500 | -34.0% |
| Financial fixed assets | 28 | €473,937 | €473,937 | = | 0.0% |
| Current assets | 29/58 | €63,782 | €92,530 | +€28,748 | +45.1% |
| Amounts receivable within one year | 40/41 | €23,522 | €51,964 | +€28,442 | +121% |
| Trade receivables | 40 | €23,522 | €51,964 | +€28,442 | +121% |
| Cash at bank and in hand | 54/58 | €36,344 | €36,471 | +€127 | +0.3% |
| Deferred charges and accrued income | 490/1 | €3,916 | €4,095 | +€179 | +4.6% |
| Total equity and liabilities | 10/49 | €549,371 | €575,051 | +€25,681 | +4.7% |
| Equity | 10/15 | €222,871 | €275,111 | +€52,240 | +23.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,871 | €253,111 | +€52,240 | +26.0% |
| Amounts payable | 17/49 | €326,500 | €299,941 | -€26,559 | -8.1% |
| Amounts payable after more than one year | 17 | €131,610 | €108,333 | -€23,277 | -17.7% |
| Financial debts | 170/4 | €131,610 | €108,333 | -€23,277 | -17.7% |
| Amounts payable within one year | 42/48 | €194,360 | €189,395 | -€4,964 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €57,196 | €23,277 | -€33,919 | -59.3% |
| Trade debts | 44 | €9,248 | €16,757 | +€7,510 | +81.2% |
| Suppliers | 440/4 | €9,248 | €16,757 | +€7,510 | +81.2% |
| Taxes, remuneration and social security | 45 | €40,044 | €59,291 | +€19,247 | +48.1% |
| Taxes | 450/3 | €40,044 | €59,291 | +€19,247 | +48.1% |
| Other amounts payable | 47/48 | €87,873 | €90,070 | +€2,197 | +2.5% |
| Accrued charges and deferred income | 492/3 | €530 | €2,212 | +€1,683 | +318% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,997 | €3,067 | +€70 | +2.3% |
| Other operating charges | 640/8 | €1,545 | €1,808 | +€262 | +17.0% |
| Gross operating margin | 9900 | €101,238 | €95,578 | -€5,660 | -5.6% |
| Operating profit (loss) | 9901 | €96,696 | €90,703 | -€5,993 | -6.2% |
| Financial charges | 65/66B | €10,783 | €7,202 | -€3,581 | -33.2% |
| Recurring financial charges | 65 | €10,783 | €7,202 | -€3,581 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €85,913 | €83,501 | -€2,412 | -2.8% |
| Income taxes | 67/77 | €31,735 | €31,262 | -€473 | -1.5% |
| Profit (loss) for the period | 9904 | €54,178 | €52,240 | -€1,939 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,178 | €52,240 | -€1,939 | -3.6% |
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 16 October 2026 via checked.be.