GC DX: 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.
GC DX
Largest movements
- Receivables within one year -€9,530
down €9,530 (-72.8%), from €13,085 to €3,555
of which Trade receivables: -€10,009
- Tangible fixed assets -€9,324
down €9,324 (-10.1%), from €92,425 to €83,101
of which Other tangible fixed assets: -€6,238
- Stocks and contracts -€5,790
down €5,790 (-48.7%), from €11,891 to €6,101
- Intangible fixed assets -€2,998
down €2,998 (-13.3%), from €22,603 to €19,605
- Profit (loss) carried forward -€54,239
down €54,239 (-251%), from -€21,598 to -€75,837
- Trade debts +€42,076
up €42,076 (+72.7%), from €57,891 to €99,966
- Debts after one year -€13,360
down €13,360 (-12.7%), from €105,262 to €91,902
- Tax, wage and social debts -€3,685
down €3,685 (-25.5%), from €14,459 to €10,775
of which Taxes: -€3,353
- Gross operating margin -€18,469
down €18,469 (-23.9%), from €77,153 to €58,684
- Financial income -€2,466
down €2,466 (-71.4%), from €3,453 to €987
- Financial charges +€1,655
up €1,655 (+40.2%), from €4,118 to €5,773
- Staff costs +€910
up €910 (+1.1%), from €82,827 to €83,737
- Other operating charges -€901
down €901 (-12.2%), from €7,380 to €6,479
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 | €168,772 | €138,795 | -€29,977 | -17.8% |
| Fixed assets | 21/28 | €115,527 | €103,206 | -€12,321 | -10.7% |
| Intangible fixed assets | 21 | €22,603 | €19,605 | -€2,998 | -13.3% |
| Tangible fixed assets | 22/27 | €92,425 | €83,101 | -€9,324 | -10.1% |
| Furniture and vehicles | 24 | €44,165 | €41,079 | -€3,086 | -7.0% |
| Other tangible fixed assets | 26 | €48,260 | €42,022 | -€6,238 | -12.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €53,245 | €35,589 | -€17,656 | -33.2% |
| Stocks and contracts in progress | 3 | €11,891 | €6,101 | -€5,790 | -48.7% |
| Stocks | 30/36 | €11,891 | €6,101 | -€5,790 | -48.7% |
| Amounts receivable within one year | 40/41 | €13,085 | €3,555 | -€9,530 | -72.8% |
| Trade receivables | 40 | €12,750 | €2,741 | -€10,009 | -78.5% |
| Other amounts receivable | 41 | €335 | €814 | +€479 | +143% |
| Cash at bank and in hand | 54/58 | €17,664 | €16,681 | -€983 | -5.6% |
| Deferred charges and accrued income | 490/1 | €10,606 | €9,253 | -€1,352 | -12.8% |
| Total equity and liabilities | 10/49 | €168,772 | €138,795 | -€29,977 | -17.8% |
| Equity | 10/15 | -€11,887 | -€66,895 | -€55,008 | -463% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,598 | -€75,837 | -€54,239 | -251% |
| Investment grants | 15 | €4,711 | €3,942 | -€769 | -16.3% |
| Amounts payable | 17/49 | €180,659 | €205,690 | +€25,031 | +13.9% |
| Amounts payable after more than one year | 17 | €105,262 | €91,902 | -€13,360 | -12.7% |
| Other amounts payable | 178/9 | €105,262 | €91,902 | -€13,360 | -12.7% |
| Amounts payable within one year | 42/48 | €75,397 | €113,788 | +€38,391 | +50.9% |
| Trade debts | 44 | €57,891 | €99,966 | +€42,076 | +72.7% |
| Suppliers | 440/4 | €57,891 | €99,966 | +€42,076 | +72.7% |
| Taxes, remuneration and social security | 45 | €14,459 | €10,775 | -€3,685 | -25.5% |
| Taxes | 450/3 | €3,353 | - | -€3,353 | |
| Remuneration and social security | 454/9 | €11,106 | €10,775 | -€332 | -3.0% |
| Other amounts payable | 47/48 | €3,047 | €3,047 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €82,827 | €83,737 | +€910 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,134 | €17,922 | +€788 | +4.6% |
| Other operating charges | 640/8 | €7,380 | €6,479 | -€901 | -12.2% |
| Non-recurring operating charges | 66A | €4,338 | - | -€4,338 | |
| Gross operating margin | 9900 | €77,153 | €58,684 | -€18,469 | -23.9% |
| Operating profit (loss) | 9901 | -€34,526 | -€49,453 | -€14,927 | -43.2% |
| Financial income | 75/76B | €3,453 | €987 | -€2,466 | -71.4% |
| Recurring financial income | 75 | €3,453 | €987 | -€2,466 | -71.4% |
| Financial charges | 65/66B | €4,118 | €5,773 | +€1,655 | +40.2% |
| Recurring financial charges | 65 | €4,118 | €5,773 | +€1,655 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,190 | -€54,239 | -€19,049 | -54.1% |
| Profit (loss) for the period | 9904 | -€35,190 | -€54,239 | -€19,049 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,190 | -€54,239 | -€19,049 | -54.1% |
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 17 October 2026 via checked.be.