G.D.CONCEPT: 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.CONCEPT
Largest movements
- Cash -€7,980
down €7,980 (-21.2%), from €37,677 to €29,697
mainly Other debts (-€18,178) and Trade debts (-€4,557)
- Tangible fixed assets -€3,977
down €3,977 (-39.0%), from €10,202 to €6,225
of which Furniture and vehicles: -€2,977
- Receivables within one year +€2,199
up €2,199 (+157.5%), from €1,396 to €3,594
of which Trade receivables: +€3,204
- Stocks and contracts +€902
up €902 (+19.6%), from €4,591 to €5,493
- Other debts -€18,178
no longer reported in 2025 (was €18,178)
- Reserves +€11,072
up €11,072 (+540.0%), from €2,050 to €13,122
of which Distributable reserves: +€11,072
- Trade debts -€4,557
down €4,557 (-92.7%), from €4,914 to €357
- Tax, wage and social debts +€2,358
up €2,358 (+37.5%), from €6,293 to €8,651
of which Taxes: +€1,981
- Gross operating margin +€15,689
up €15,689 (+37.5%), from €41,888 to €57,577
- Other operating charges +€2,305
new in 2025: €2,305
- Staff costs -€2,231
down €2,231 (-5.4%), from €41,131 to €38,900
- Financial charges +€611
up €611 (+1233.3%), from €50 to €660
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.
Cash bridge derived
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 | €55,987 | €47,130 | -€8,857 | -15.8% |
| Fixed assets | 21/28 | €12,324 | €8,346 | -€3,977 | -32.3% |
| Tangible fixed assets | 22/27 | €10,202 | €6,225 | -€3,977 | -39.0% |
| Plant, machinery and equipment | 23 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Furniture and vehicles | 24 | €6,202 | €3,225 | -€2,977 | -48.0% |
| Financial fixed assets | 28 | €2,121 | €2,121 | = | 0.0% |
| Current assets | 29/58 | €43,664 | €38,784 | -€4,880 | -11.2% |
| Stocks and contracts in progress | 3 | €4,591 | €5,493 | +€902 | +19.6% |
| Stocks | 30/36 | €4,591 | €5,493 | +€902 | +19.6% |
| Amounts receivable within one year | 40/41 | €1,396 | €3,594 | +€2,199 | +157.5% |
| Trade receivables | 40 | €235 | €3,440 | +€3,204 | +1361.6% |
| Other amounts receivable | 41 | €1,160 | €155 | -€1,006 | -86.7% |
| Cash at bank and in hand | 54/58 | €37,677 | €29,697 | -€7,980 | -21.2% |
| Total equity and liabilities | 10/49 | €55,987 | €47,130 | -€8,857 | -15.8% |
| Equity | 10/15 | €26,601 | €38,122 | +€11,521 | +43.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,050 | €13,122 | +€11,072 | +540.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €190 | €190 | = | 0.0% |
| Distributable reserves | 133 | - | €11,072 | +€11,072 | |
| Profit (loss) carried forward | 14 | -€449 | - | +€449 | |
| Amounts payable | 17/49 | €29,386 | €9,008 | -€20,378 | -69.3% |
| Amounts payable within one year | 42/48 | €29,386 | €9,008 | -€20,378 | -69.3% |
| Trade debts | 44 | €4,914 | €357 | -€4,557 | -92.7% |
| Suppliers | 440/4 | €4,914 | €357 | -€4,557 | -92.7% |
| Taxes, remuneration and social security | 45 | €6,293 | €8,651 | +€2,358 | +37.5% |
| Taxes | 450/3 | - | €1,981 | +€1,981 | |
| Remuneration and social security | 454/9 | €6,293 | €6,671 | +€377 | +6.0% |
| Other amounts payable | 47/48 | €18,178 | - | -€18,178 | |
| Remuneration, social security and pensions | 62 | €41,131 | €38,900 | -€2,231 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,977 | €3,977 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €2,305 | +€2,305 | |
| Gross operating margin | 9900 | €41,888 | €57,577 | +€15,689 | +37.5% |
| Operating profit (loss) | 9901 | -€3,220 | €12,395 | +€15,615 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €50 | €660 | +€611 | +1233.3% |
| Recurring financial charges | 65 | €50 | €660 | +€611 | +1233.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,269 | €11,735 | +€15,004 | |
| Income taxes | 67/77 | €60 | €214 | +€154 | +258.9% |
| Profit (loss) for the period | 9904 | -€3,328 | €11,521 | +€14,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,328 | €11,521 | +€14,849 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.