GCDB: 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.
GCDB
Largest movements
- Cash -€26,185
down €26,185 (-78.0%), from €33,573 to €7,388
mainly Net result for the year (-€22,870) and Other debts (-€10,760)
- Tangible fixed assets -€4,116
down €4,116 (-32.4%), from €12,700 to €8,584
of which Furniture and vehicles: -€3,376
- Receivables within one year -€887
down €887 (-4.6%), from €19,086 to €18,199
of which Other amounts receivable: -€7,694
- Profit (loss) carried forward -€22,869
down €22,869, from €19,692 to -€3,177
- Other debts -€10,760
down €10,760 (-51.8%), from €20,765 to €10,005
- Tax, wage and social debts +€2,417
up €2,417 (+48.8%), from €4,952 to €7,369
- Gross operating margin -€40,960
down €40,960, from €23,870 to -€17,090
- Financial income -€8,000
no longer reported in 2025 (was €8,000)
- Taxes -€4,149
down €4,149 (-96.2%), from €4,311 to €162
- Depreciation -€2,402
down €2,402 (-33.2%), from €7,225 to €4,823
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 | €75,952 | €44,750 | -€31,202 | -41.1% |
| Fixed assets | 21/28 | €22,000 | €17,884 | -€4,116 | -18.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,700 | €8,584 | -€4,116 | -32.4% |
| Furniture and vehicles | 24 | €6,702 | €3,326 | -€3,376 | -50.4% |
| Other tangible fixed assets | 26 | €5,998 | €5,258 | -€740 | -12.3% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €53,952 | €26,866 | -€27,086 | -50.2% |
| Amounts receivable within one year | 40/41 | €19,086 | €18,199 | -€887 | -4.6% |
| Trade receivables | 40 | €11,392 | €18,199 | +€6,807 | +59.8% |
| Other amounts receivable | 41 | €7,694 | - | -€7,694 | |
| Cash at bank and in hand | 54/58 | €33,573 | €7,388 | -€26,185 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,279 | -€14 | -1.1% |
| Total equity and liabilities | 10/49 | €75,952 | €44,750 | -€31,202 | -41.1% |
| Equity | 10/15 | €50,152 | €27,283 | -€22,869 | -45.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €1,860 | -€8,140 | -81.4% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €1,860 | €10,000 | +€8,140 | +437.6% |
| Profit (loss) carried forward | 14 | €19,692 | -€3,177 | -€22,869 | |
| Amounts payable | 17/49 | €25,800 | €17,467 | -€8,333 | -32.3% |
| Amounts payable within one year | 42/48 | €25,800 | €17,467 | -€8,333 | -32.3% |
| Trade debts | 44 | €83 | €93 | +€10 | +12.0% |
| Suppliers | 440/4 | €83 | €93 | +€10 | +12.0% |
| Taxes, remuneration and social security | 45 | €4,952 | €7,369 | +€2,417 | +48.8% |
| Taxes | 450/3 | €4,952 | €7,369 | +€2,417 | +48.8% |
| Other amounts payable | 47/48 | €20,765 | €10,005 | -€10,760 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €4,823 | -€2,402 | -33.2% |
| Other operating charges | 640/8 | €472 | €566 | +€94 | +19.9% |
| Gross operating margin | 9900 | €23,870 | -€17,090 | -€40,960 | |
| Operating profit (loss) | 9901 | €16,173 | -€22,479 | -€38,652 | |
| Financial income | 75/76B | €8,000 | - | -€8,000 | |
| Recurring financial income | 75 | €8,000 | - | -€8,000 | |
| Financial charges | 65/66B | €221 | €229 | +€8 | +3.6% |
| Recurring financial charges | 65 | €221 | €229 | +€8 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €23,952 | -€22,708 | -€46,660 | |
| Income taxes | 67/77 | €4,311 | €162 | -€4,149 | -96.2% |
| Profit (loss) for the period | 9904 | €19,641 | -€22,870 | -€42,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,641 | -€22,870 | -€42,511 |
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 30 September 2026 via checked.be.