G.D.S. GRAPHICS: what changed
What changed
G.D.S. GRAPHICS
NACE 18.120, Other printing
filed annual accounts (NBB)
Net result for the year
-€66,837
2024 · -€173,790+€106,953
Equity
€1.6m
2024 · €1.6m-€66,837
Cash
€5,492
2024 · €676+€4,816
Balance sheet total
€2.7m
2024 · €2.8m-€118,939
Largest movements
Assets
- Tangible fixed assets -€178,090
down €178,090 (-15.4%), from €1.2m to €976,125
of which Land and buildings: -€175,962
- Current investments +€39,195
new in 2025: €39,195
Equity and liabilities
- Other debts +€117,567
up €117,567 (+17.1%), from €688,956 to €806,522
- Trade debts -€114,830
down €114,830 (-35.8%), from €320,870 to €206,040
- Short-term financial debts -€93,961
down €93,961 (-47.0%), from €200,000 to €106,039
- Profit (loss) carried forward -€66,837
down €66,837 (-10.7%), from -€623,268 to -€690,105
- Advances received +€37,925
up €37,925 (+51,952%), from €73 to €37,998
Income statement
- Financial income +€433,525
up €433,525 (+2,205%), from €19,660 to €453,185
- Financial charges +€385,604
up €385,604 (+650%), from €59,346 to €444,950
- Gross operating margin +€59,105
up €59,105 (+99.8%), from -€59,222 to -€117
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
-€173,790
Gross operating margin
+€59,105
Depreciation
+€181
Other operating charges
-€254
Financial income
+€433,525
Financial charges
-€385,604
Result 2025
-€66,837
raises the resultlowers the result
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
+€34,583
Investment
+€64,194
Financing
-€93,961
Cash 2024
€676
From operations (derived)
+€34,583
Net result for the year
-€66,837
Depreciation
+€74,701
Receivables within one year
-€13,623
Deferred charges and accrued income
-€1,517
Trade debts
-€114,830
Tax, wage and social debts
+€1,198
Advances received
+€37,925
Other debts
+€117,567
Investment (derived)
+€64,194
Investment in fixed assets (net)
+€103,389
Current investments
-€39,195
Financing
-€93,961
Short-term financial debts
-€93,961
Cash 2025
€5,492
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,845,111 | €2,726,172 | -€118,939 | -4.2% |
| Fixed assets | 21/28 | €2,776,695 | €2,598,605 | -€178,090 | -6.4% |
| Tangible fixed assets | 22/27 | €1,154,215 | €976,125 | -€178,090 | -15.4% |
| Land and buildings | 22 | €1,120,545 | €944,583 | -€175,962 | -15.7% |
| Plant, machinery and equipment | 23 | €32,809 | €30,136 | -€2,673 | -8.1% |
| Furniture and vehicles | 24 | €860 | €1,406 | +€545 | +63.3% |
| Financial fixed assets | 28 | €1,622,480 | €1,622,480 | = | 0.0% |
| Current assets | 29/58 | €68,417 | €127,568 | +€59,151 | +86.5% |
| Amounts receivable within one year | 40/41 | €67,741 | €81,365 | +€13,623 | +20.1% |
| Trade receivables | 40 | €27,285 | €39,071 | +€11,786 | +43.2% |
| Other amounts receivable | 41 | €40,456 | €42,294 | +€1,838 | +4.5% |
| Current investments | 50/53 | - | €39,195 | +€39,195 | |
| Cash at bank and in hand | 54/58 | €676 | €5,492 | +€4,816 | +713% |
| Deferred charges and accrued income | 490/1 | - | €1,517 | +€1,517 | |
| Total equity and liabilities | 10/49 | €2,845,111 | €2,726,172 | -€118,939 | -4.2% |
| Equity | 10/15 | €1,620,173 | €1,553,336 | -€66,837 | -4.1% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €1,995,548 | €1,995,548 | = | 0.0% |
| Distributable reserves | 133 | €1,995,548 | €1,995,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€623,268 | -€690,105 | -€66,837 | -10.7% |
| Amounts payable | 17/49 | €1,224,938 | €1,172,836 | -€52,102 | -4.3% |
| Amounts payable within one year | 42/48 | €1,224,938 | €1,172,836 | -€52,102 | -4.3% |
| Financial debts | 43 | €200,000 | €106,039 | -€93,961 | -47.0% |
| Credit institutions | 430/8 | €200,000 | €106,039 | -€93,961 | -47.0% |
| Trade debts | 44 | €320,870 | €206,040 | -€114,830 | -35.8% |
| Suppliers | 440/4 | €320,870 | €206,040 | -€114,830 | -35.8% |
| Advances received on contracts in progress | 46 | €73 | €37,998 | +€37,925 | +51,952% |
| Taxes, remuneration and social security | 45 | €15,039 | €16,237 | +€1,198 | +8.0% |
| Taxes | 450/3 | €15,039 | €16,237 | +€1,198 | +8.0% |
| Other amounts payable | 47/48 | €688,956 | €806,522 | +€117,567 | +17.1% |
| Non-recurring operating income | 76A | - | €8,467 | +€8,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,882 | €74,701 | -€181 | -0.2% |
| Other operating charges | 640/8 | - | €254 | +€254 | |
| Gross operating margin | 9900 | -€59,222 | -€117 | +€59,105 | +99.8% |
| Operating profit (loss) | 9901 | -€134,104 | -€75,072 | +€59,032 | +44.0% |
| Financial income | 75/76B | €19,660 | €453,185 | +€433,525 | +2,205% |
| Recurring financial income | 75 | €19,660 | €453,185 | +€433,525 | +2,205% |
| Financial charges | 65/66B | €59,346 | €444,950 | +€385,604 | +650% |
| Recurring financial charges | 65 | €59,346 | €444,950 | +€385,604 | +650% |
| Profit (loss) for the period before taxes | 9903 | -€173,790 | -€66,837 | +€106,953 | +61.5% |
| Profit (loss) for the period | 9904 | -€173,790 | -€66,837 | +€106,953 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€173,790 | -€66,837 | +€106,953 | +61.5% |
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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 2 November 2026 via checked.be.