G.D. SOLUTIONS: 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. SOLUTIONS
Largest movements
- Cash -€34,395
down €34,395 (-50.3%), from €68,445 to €34,050
mainly Other debts (-€34,640) and Tax, wage and social debts (-€25,632)
- Tangible fixed assets -€20,048
down €20,048 (-6.8%), from €295,954 to €275,907
of which Other tangible fixed assets: -€11,525
- Other debts -€34,640
no longer reported in 2025 (was €34,640)
- Tax, wage and social debts -€25,632
down €25,632 (-72.9%), from €35,156 to €9,524
- Trade debts +€20,110
up €20,110 (+45.8%), from €43,923 to €64,034
- Debts after one year -€15,765
down €15,765 (-7.0%), from €224,113 to €208,348
- Current portion of long-term debt +€7,422
up €7,422 (+25.3%), from €29,284 to €36,707
- Gross operating margin -€44,051
down €44,051 (-39.6%), from €111,184 to €67,133
- Other operating charges -€36,076
down €36,076 (-94.0%), from €38,371 to €2,295
- Depreciation +€6,998
up €6,998 (+20.6%), from €34,039 to €41,037
- Taxes -€4,665
down €4,665 (-65.9%), from €7,076 to €2,411
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 | €642,349 | €589,111 | -€53,238 | -8.3% |
| Fixed assets | 21/28 | €296,004 | €275,957 | -€20,048 | -6.8% |
| Tangible fixed assets | 22/27 | €295,954 | €275,907 | -€20,048 | -6.8% |
| Land and buildings | 22 | €3,361 | €3,233 | -€128 | -3.8% |
| Plant, machinery and equipment | 23 | €35,462 | €27,387 | -€8,075 | -22.8% |
| Furniture and vehicles | 24 | €55,730 | €55,410 | -€320 | -0.6% |
| Other tangible fixed assets | 26 | €201,401 | €189,876 | -€11,525 | -5.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €346,345 | €313,154 | -€33,191 | -9.6% |
| Amounts receivable within one year | 40/41 | €277,900 | €278,360 | +€460 | +0.2% |
| Trade receivables | 40 | €114,810 | €160,492 | +€45,682 | +39.8% |
| Other amounts receivable | 41 | €163,090 | €117,868 | -€45,223 | -27.7% |
| Cash at bank and in hand | 54/58 | €68,445 | €34,050 | -€34,395 | -50.3% |
| Deferred charges and accrued income | 490/1 | - | €744 | +€744 | |
| Total equity and liabilities | 10/49 | €642,349 | €589,111 | -€53,238 | -8.3% |
| Equity | 10/15 | €275,233 | €270,498 | -€4,735 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,773 | €250,038 | -€4,735 | -1.9% |
| Amounts payable | 17/49 | €367,116 | €318,612 | -€48,504 | -13.2% |
| Amounts payable after more than one year | 17 | €224,113 | €208,348 | -€15,765 | -7.0% |
| Financial debts | 170/4 | €224,113 | €208,348 | -€15,765 | -7.0% |
| Amounts payable within one year | 42/48 | €143,004 | €110,265 | -€32,739 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €29,284 | €36,707 | +€7,422 | +25.3% |
| Trade debts | 44 | €43,923 | €64,034 | +€20,110 | +45.8% |
| Suppliers | 440/4 | €43,923 | €64,034 | +€20,110 | +45.8% |
| Taxes, remuneration and social security | 45 | €35,156 | €9,524 | -€25,632 | -72.9% |
| Taxes | 450/3 | €35,156 | €9,524 | -€25,632 | -72.9% |
| Other amounts payable | 47/48 | €34,640 | - | -€34,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,039 | €41,037 | +€6,998 | +20.6% |
| Other operating charges | 640/8 | €38,371 | €2,295 | -€36,076 | -94.0% |
| Gross operating margin | 9900 | €111,184 | €67,133 | -€44,051 | -39.6% |
| Operating profit (loss) | 9901 | €38,774 | €23,802 | -€14,973 | -38.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,102 | €11,126 | +€24 | +0.2% |
| Recurring financial charges | 65 | €11,102 | €11,126 | +€24 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €27,672 | €12,676 | -€14,996 | -54.2% |
| Income taxes | 67/77 | €7,076 | €2,411 | -€4,665 | -65.9% |
| Profit (loss) for the period | 9904 | €20,596 | €10,265 | -€10,331 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,596 | €10,265 | -€10,331 | -50.2% |
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 21 October 2026 via checked.be.