GABDENT: 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.
GABDENT
Largest movements
- Current investments +€224,963
up €224,963 (+84.9%), from €264,878 to €489,841
- Cash -€117,816
down €117,816 (-70.9%), from €166,149 to €48,333
mainly Current investments (-€224,963) and Deferred charges and accrued income (-€7,389)
- Tangible fixed assets -€21,856
down €21,856 (-24.3%), from €89,933 to €68,077
of which Furniture and vehicles: -€21,692
- Deferred charges and accrued income +€7,389
up €7,389 (+29.8%), from €24,802 to €32,191
- Reserves +€85,700
up €85,700 (+16.5%), from €518,860 to €604,560
- Gross operating margin +€10,125
up €10,125 (+7.8%), from €128,981 to €139,106
- Financial income +€8,790
up €8,790 (+226.6%), from €3,879 to €12,669
- Taxes +€6,473
up €6,473 (+22.8%), from €28,358 to €34,832
- Depreciation -€1,870
down €1,870 (-5.9%), from €31,896 to €30,026
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 | €554,279 | €639,590 | +€85,312 | +15.4% |
| Fixed assets | 21/28 | €92,650 | €68,077 | -€24,573 | -26.5% |
| Intangible fixed assets | 21 | €2,717 | - | -€2,717 | |
| Tangible fixed assets | 22/27 | €89,933 | €68,077 | -€21,856 | -24.3% |
| Plant, machinery and equipment | 23 | €9,025 | €8,861 | -€164 | -1.8% |
| Furniture and vehicles | 24 | €80,908 | €59,216 | -€21,692 | -26.8% |
| Current assets | 29/58 | €461,629 | €571,514 | +€109,885 | +23.8% |
| Amounts receivable within one year | 40/41 | €5,800 | €1,149 | -€4,651 | -80.2% |
| Trade receivables | 40 | €1,044 | €1,149 | +€105 | +10.0% |
| Other amounts receivable | 41 | €4,756 | - | -€4,756 | |
| Current investments | 50/53 | €264,878 | €489,841 | +€224,963 | +84.9% |
| Cash at bank and in hand | 54/58 | €166,149 | €48,333 | -€117,816 | -70.9% |
| Deferred charges and accrued income | 490/1 | €24,802 | €32,191 | +€7,389 | +29.8% |
| Total equity and liabilities | 10/49 | €554,279 | €639,590 | +€85,312 | +15.4% |
| Equity | 10/15 | €538,107 | €623,900 | +€85,793 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €518,860 | €604,560 | +€85,700 | +16.5% |
| Distributable reserves | 133 | €518,860 | €604,560 | +€85,700 | +16.5% |
| Profit (loss) carried forward | 14 | €647 | €740 | +€93 | +14.4% |
| Amounts payable | 17/49 | €16,172 | €15,690 | -€482 | -3.0% |
| Amounts payable within one year | 42/48 | €16,172 | €15,690 | -€482 | -3.0% |
| Trade debts | 44 | €4,051 | €5,918 | +€1,867 | +46.1% |
| Suppliers | 440/4 | €4,051 | €5,918 | +€1,867 | +46.1% |
| Taxes, remuneration and social security | 45 | - | €2,451 | +€2,451 | |
| Taxes | 450/3 | - | €2,451 | +€2,451 | |
| Other amounts payable | 47/48 | €12,121 | €7,321 | -€4,800 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,896 | €30,026 | -€1,870 | -5.9% |
| Other operating charges | 640/8 | €965 | €950 | -€16 | -1.6% |
| Gross operating margin | 9900 | €128,981 | €139,106 | +€10,125 | +7.8% |
| Operating profit (loss) | 9901 | €96,120 | €108,130 | +€12,010 | +12.5% |
| Financial income | 75/76B | €3,879 | €12,669 | +€8,790 | +226.6% |
| Recurring financial income | 75 | €3,879 | €12,669 | +€8,790 | +226.6% |
| Financial charges | 65/66B | €103 | €174 | +€71 | +69.2% |
| Recurring financial charges | 65 | €103 | €174 | +€71 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €99,896 | €120,625 | +€20,729 | +20.8% |
| Income taxes | 67/77 | €28,358 | €34,832 | +€6,473 | +22.8% |
| Profit (loss) for the period | 9904 | €71,538 | €85,793 | +€14,255 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,538 | €85,793 | +€14,255 | +19.9% |
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 4 October 2026 via checked.be.