G.D.L.S.: what changed
What changed
G.D.L.S.
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€39,344
2024 · €89,815-€50,470
Equity
€507,153
2024 · €467,808+€39,344
Cash
€179,830
2024 · €160,337+€19,494
Balance sheet total
€790,568
2024 · €800,784-€10,216
Largest movements
Assets
- Tangible fixed assets -€54,381
down €54,381 (-15.9%), from €343,021 to €288,640
of which Land and buildings: -€36,903
- Current investments +€30,000
up €30,000 (+20.0%), from €150,000 to €180,000
- Cash +€19,494
up €19,494 (+12.2%), from €160,337 to €179,830
mainly Depreciation (+€71,051) and Net result for the year (+€39,344)
Equity and liabilities
- Reserves +€39,344
up €39,344 (+17.5%), from €225,168 to €264,512
of which Distributable reserves: +€39,344
- Tax, wage and social debts -€27,422
down €27,422 (-35.0%), from €78,410 to €50,988
of which Taxes: -€30,142
- Debts after one year -€19,759
down €19,759 (-10.7%), from €184,692 to €164,932
Income statement
- Gross operating margin -€66,013
down €66,013 (-16.1%), from €411,062 to €345,049
- Taxes -€22,049
down €22,049 (-53.8%), from €41,020 to €18,971
- Staff costs +€9,719
up €9,719 (+4.9%), from €198,442 to €208,161
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,815
Gross operating margin
-€66,013
Staff costs
-€9,719
Depreciation
-€403
Write-downs
+€326
Other operating charges
-€1,163
Other operating items
+€2,124
Financial income
+€1,242
Financial charges
+€1,087
Taxes
+€22,049
Result 2025
€39,344
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€85,691
Investment
-€46,670
Financing
-€19,528
Cash 2024
€160,337
From operations (derived)
+€85,691
Net result for the year
+€39,344
Depreciation
+€71,051
Stocks and contracts
+€1,348
Receivables within one year
+€5,410
Deferred charges and accrued income
-€1,428
Trade debts
-€3,825
Tax, wage and social debts
-€27,422
Other debts
+€1,215
Investment (derived)
-€46,670
Investment in fixed assets (net)
-€16,670
Current investments
-€30,000
Financing
-€19,528
Debts after one year
-€19,759
Current portion of long-term debt
+€232
Cash 2025
€179,830
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,784 | €790,568 | -€10,216 | -1.3% |
| Fixed assets | 21/28 | €343,021 | €288,640 | -€54,381 | -15.9% |
| Tangible fixed assets | 22/27 | €343,021 | €288,640 | -€54,381 | -15.9% |
| Land and buildings | 22 | €257,379 | €220,476 | -€36,903 | -14.3% |
| Plant, machinery and equipment | 23 | €24,443 | €20,083 | -€4,360 | -17.8% |
| Furniture and vehicles | 24 | €61,198 | €48,081 | -€13,117 | -21.4% |
| Current assets | 29/58 | €457,763 | €501,928 | +€44,165 | +9.6% |
| Stocks and contracts in progress | 3 | €119,683 | €118,336 | -€1,348 | -1.1% |
| Stocks | 30/36 | €119,683 | €118,336 | -€1,348 | -1.1% |
| Amounts receivable within one year | 40/41 | €25,667 | €20,257 | -€5,410 | -21.1% |
| Trade receivables | 40 | €25,667 | €13,119 | -€12,548 | -48.9% |
| Other amounts receivable | 41 | €0 | €7,138 | +€7,138 | |
| Current investments | 50/53 | €150,000 | €180,000 | +€30,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €160,337 | €179,830 | +€19,494 | +12.2% |
| Deferred charges and accrued income | 490/1 | €2,076 | €3,505 | +€1,428 | +68.8% |
| Total equity and liabilities | 10/49 | €800,784 | €790,568 | -€10,216 | -1.3% |
| Equity | 10/15 | €467,808 | €507,153 | +€39,344 | +8.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €225,168 | €264,512 | +€39,344 | +17.5% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €222,168 | €261,512 | +€39,344 | +17.7% |
| Profit (loss) carried forward | 14 | €212,640 | €212,640 | +€0 | 0.0% |
| Amounts payable | 17/49 | €332,976 | €283,415 | -€49,561 | -14.9% |
| Amounts payable after more than one year | 17 | €184,692 | €164,932 | -€19,759 | -10.7% |
| Financial debts | 170/4 | €184,692 | €164,932 | -€19,759 | -10.7% |
| Amounts payable within one year | 42/48 | €148,284 | €118,483 | -€29,801 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €19,528 | €19,759 | +€232 | +1.2% |
| Trade debts | 44 | €49,338 | €45,513 | -€3,825 | -7.8% |
| Suppliers | 440/4 | €49,338 | €45,513 | -€3,825 | -7.8% |
| Taxes, remuneration and social security | 45 | €78,410 | €50,988 | -€27,422 | -35.0% |
| Taxes | 450/3 | €49,287 | €19,145 | -€30,142 | -61.2% |
| Remuneration and social security | 454/9 | €29,123 | €31,842 | +€2,719 | +9.3% |
| Other amounts payable | 47/48 | €1,009 | €2,224 | +€1,215 | +120% |
| Remuneration, social security and pensions | 62 | €198,442 | €208,161 | +€9,719 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,648 | €71,051 | +€403 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €326 | - | -€326 | |
| Other operating charges | 640/8 | €8,439 | €9,602 | +€1,163 | +13.8% |
| Non-recurring operating charges | 66A | €2,125 | €0 | -€2,124 | -100.0% |
| Gross operating margin | 9900 | €411,062 | €345,049 | -€66,013 | -16.1% |
| Operating profit (loss) | 9901 | €131,082 | €56,235 | -€74,848 | -57.1% |
| Financial income | 75/76B | €4,119 | €5,361 | +€1,242 | +30.1% |
| Recurring financial income | 75 | €4,119 | €5,361 | +€1,242 | +30.1% |
| Financial charges | 65/66B | €4,367 | €3,280 | -€1,087 | -24.9% |
| Recurring financial charges | 65 | €4,367 | €3,280 | -€1,087 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €130,835 | €58,316 | -€72,519 | -55.4% |
| Income taxes | 67/77 | €41,020 | €18,971 | -€22,049 | -53.8% |
| Profit (loss) for the period | 9904 | €89,815 | €39,344 | -€50,470 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,815 | €39,344 | -€50,470 | -56.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.