GBDM SERVICES: 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.
GBDM SERVICES
Largest movements
- Cash -€153,372
down €153,372 (-82.6%), from €185,692 to €32,320
mainly Contributions, distributions and other (-€189,707) and Other debts (-€149,075)
- Other debts -€149,075
down €149,075 (-93.3%), from €159,702 to €10,627
- Tax, wage and social debts -€4,119
down €4,119 (-14.7%), from €28,084 to €23,965
- Gross operating margin +€43,330
up €43,330 (+21.2%), from €204,842 to €248,172
- Taxes +€11,131
up €11,131 (+24.0%), from €46,438 to €57,569
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 | €190,313 | €37,217 | -€153,096 | -80.4% |
| Current assets | 29/58 | €190,313 | €37,217 | -€153,096 | -80.4% |
| Cash at bank and in hand | 54/58 | €185,692 | €32,320 | -€153,372 | -82.6% |
| Deferred charges and accrued income | 490/1 | €4,621 | €4,897 | +€276 | +6.0% |
| Total equity and liabilities | 10/49 | €190,313 | €37,217 | -€153,096 | -80.4% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €188,313 | €35,217 | -€153,096 | -81.3% |
| Amounts payable within one year | 42/48 | €188,313 | €35,217 | -€153,096 | -81.3% |
| Trade debts | 44 | €527 | €625 | +€98 | +18.6% |
| Suppliers | 440/4 | €527 | €625 | +€98 | +18.6% |
| Taxes, remuneration and social security | 45 | €28,084 | €23,965 | -€4,119 | -14.7% |
| Taxes | 450/3 | €28,084 | €23,965 | -€4,119 | -14.7% |
| Other amounts payable | 47/48 | €159,702 | €10,627 | -€149,075 | -93.3% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | €204,842 | €248,172 | +€43,330 | +21.2% |
| Operating profit (loss) | 9901 | €204,842 | €247,385 | +€42,543 | +20.8% |
| Financial charges | 65/66B | €84 | €108 | +€24 | +28.7% |
| Recurring financial charges | 65 | €84 | €108 | +€24 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €204,758 | €247,276 | +€42,519 | +20.8% |
| Income taxes | 67/77 | €46,438 | €57,569 | +€11,131 | +24.0% |
| Profit (loss) for the period | 9904 | €158,320 | €189,707 | +€31,387 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €158,320 | €189,707 | +€31,387 | +19.8% |
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 2 October 2026 via checked.be.