G.D.C.A.: 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.C.A.
Largest movements
- Receivables within one year -€98,688
down €98,688 (-93.4%), from €105,681 to €6,992
of which Other amounts receivable: -€104,244
- Cash +€34,598
up €34,598 (+52.7%), from €65,645 to €100,243
mainly Receivables within one year (+€98,688) and Net result for the year (+€69,445)
- Tangible fixed assets -€1,884
down €1,884 (-15.9%), from €11,826 to €9,942
- Other debts -€54,587
down €54,587 (-82.2%), from €66,394 to €11,806
- Tax, wage and social debts -€10,442
down €10,442 (-83.5%), from €12,499 to €2,057
- Gross operating margin +€9,870
up €9,870 (+12.1%), from €81,529 to €91,398
- Depreciation +€2,794
up €2,794 (+680%), from €411 to €3,204
- Taxes +€2,228
up €2,228 (+12.1%), from €18,479 to €20,707
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 | €184,307 | €118,345 | -€65,962 | -35.8% |
| Fixed assets | 21/28 | €11,826 | €9,942 | -€1,884 | -15.9% |
| Tangible fixed assets | 22/27 | €11,826 | €9,942 | -€1,884 | -15.9% |
| Furniture and vehicles | 24 | €11,826 | €9,942 | -€1,884 | -15.9% |
| Current assets | 29/58 | €172,481 | €108,403 | -€64,079 | -37.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €105,681 | €6,992 | -€98,688 | -93.4% |
| Trade receivables | 40 | €1,034 | €6,590 | +€5,556 | +537% |
| Other amounts receivable | 41 | €104,646 | €402 | -€104,244 | -99.6% |
| Cash at bank and in hand | 54/58 | €65,645 | €100,243 | +€34,598 | +52.7% |
| Deferred charges and accrued income | 490/1 | €1,156 | €1,167 | +€12 | +1.0% |
| Total equity and liabilities | 10/49 | €184,307 | €118,345 | -€65,962 | -35.8% |
| Equity | 10/15 | €103,656 | €103,656 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €100,656 | €100,656 | = | 0.0% |
| Distributable reserves | 133 | €100,656 | €100,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,651 | €14,689 | -€65,962 | -81.8% |
| Amounts payable within one year | 42/48 | €80,651 | €14,689 | -€65,962 | -81.8% |
| Trade debts | 44 | €1,759 | €826 | -€933 | -53.0% |
| Suppliers | 440/4 | €1,759 | €826 | -€933 | -53.0% |
| Taxes, remuneration and social security | 45 | €12,499 | €2,057 | -€10,442 | -83.5% |
| Taxes | 450/3 | €12,499 | €2,057 | -€10,442 | -83.5% |
| Other amounts payable | 47/48 | €66,394 | €11,806 | -€54,587 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €3,204 | +€2,794 | +680% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,529 | €91,398 | +€9,870 | +12.1% |
| Operating profit (loss) | 9901 | €80,731 | €87,794 | +€7,063 | +8.7% |
| Financial income | 75/76B | €3,125 | €2,559 | -€566 | -18.1% |
| Recurring financial income | 75 | €3,125 | €2,559 | -€566 | -18.1% |
| Financial charges | 65/66B | €175 | €201 | +€26 | +15.0% |
| Recurring financial charges | 65 | €175 | €201 | +€26 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €83,681 | €90,152 | +€6,471 | +7.7% |
| Income taxes | 67/77 | €18,479 | €20,707 | +€2,228 | +12.1% |
| Profit (loss) for the period | 9904 | €65,202 | €69,445 | +€4,243 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,202 | €69,445 | +€4,243 | +6.5% |
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 17 October 2026 via checked.be.