G.D.C.: 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.
G.D.C.
Largest movements
- Current investments -€225,900
no longer reported in 2025 (was €225,900)
- Receivables within one year +€93,840
up €93,840 (+13.2%), from €709,291 to €803,130
- Debts after one year -€125,731
no longer reported in 2025 (was €125,731)
- Current portion of long-term debt -€79,409
no longer reported in 2025 (was €79,409)
- Other debts +€63,382
up €63,382 (+8.2%), from €771,797 to €835,179
- Profit (loss) carried forward +€14,732
up €14,732 (+19.5%), from -€75,391 to -€60,659
- Taxes +€4,141
new in 2025: €4,141
- Financial charges +€1,578
up €1,578 (+5.5%), from €28,595 to €30,173
- Financial income +€1,130
up €1,130 (+2.5%), from €45,223 to €46,353
- Other operating charges +€535
up €535 (+123.8%), from €432 to €968
- Gross operating margin +€8
up €8 (+31.8%), from -€24 to -€17
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €935,300 | €805,163 | -€130,137 | -13.9% |
| Current assets | 29/58 | €935,300 | €805,163 | -€130,137 | -13.9% |
| Amounts receivable within one year | 40/41 | €709,291 | €803,130 | +€93,840 | +13.2% |
| Other amounts receivable | 41 | €709,291 | €803,130 | +€93,840 | +13.2% |
| Current investments | 50/53 | €225,900 | - | -€225,900 | |
| Cash at bank and in hand | 54/58 | €109 | €2,032 | +€1,923 | +1762.1% |
| Total equity and liabilities | 10/49 | €935,300 | €805,163 | -€130,137 | -13.9% |
| Equity | 10/15 | -€49,339 | -€34,607 | +€14,732 | +29.9% |
| Contributions | 10/11 | €26,052 | €26,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,391 | -€60,659 | +€14,732 | +19.5% |
| Amounts payable | 17/49 | €984,639 | €839,770 | -€144,869 | -14.7% |
| Amounts payable after more than one year | 17 | €125,731 | - | -€125,731 | |
| Financial debts | 170/4 | €125,731 | - | -€125,731 | |
| Amounts payable within one year | 42/48 | €851,571 | €839,770 | -€11,801 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €79,409 | - | -€79,409 | |
| Trade debts | 44 | €365 | €450 | +€85 | +23.3% |
| Suppliers | 440/4 | €365 | €450 | +€85 | +23.3% |
| Taxes, remuneration and social security | 45 | - | €4,141 | +€4,141 | |
| Taxes | 450/3 | - | €4,141 | +€4,141 | |
| Other amounts payable | 47/48 | €771,797 | €835,179 | +€63,382 | +8.2% |
| Accrued charges and deferred income | 492/3 | €7,338 | - | -€7,338 | |
| Other operating charges | 640/8 | €432 | €968 | +€535 | +123.8% |
| Gross operating margin | 9900 | -€24 | -€17 | +€8 | +31.8% |
| Operating profit (loss) | 9901 | -€457 | -€984 | -€527 | -115.5% |
| Financial income | 75/76B | €45,223 | €46,353 | +€1,130 | +2.5% |
| Recurring financial income | 75 | €45,223 | €46,353 | +€1,130 | +2.5% |
| Financial charges | 65/66B | €28,595 | €30,173 | +€1,578 | +5.5% |
| Recurring financial charges | 65 | €28,595 | €30,173 | +€1,578 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €16,171 | €15,196 | -€975 | -6.0% |
| Income taxes | 67/77 | - | €4,141 | +€4,141 | |
| Profit (loss) for the period | 9904 | €16,171 | €11,055 | -€5,116 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,171 | €11,055 | -€5,116 | -31.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.