GCFD: 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.
GCFD
Largest movements
- Cash +€14,912
up €14,912 (+91.9%), from €16,223 to €31,135
mainly Depreciation (+€14,737) and Receivables within one year (+€5,544)
- Intangible fixed assets -€10,000
down €10,000 (-29.5%), from €33,945 to €23,945
- Receivables within one year -€5,544
down €5,544 (-44.8%), from €12,371 to €6,828
of which Trade receivables: -€5,544
- Tangible fixed assets -€1,304
down €1,304 (-8.4%), from €15,522 to €14,218
of which Furniture and vehicles: -€949
- Profit (loss) carried forward -€5,024
down €5,024 (-67.6%), from -€7,430 to -€12,454
- Other debts +€3,730
up €3,730 (+5.1%), from €72,853 to €76,583
- Trade debts -€928
down €928 (-21.2%), from €4,374 to €3,446
- Gross operating margin -€12,180
down €12,180 (-52.2%), from €23,324 to €11,144
- Depreciation +€1,259
up €1,259 (+9.3%), from €13,478 to €14,737
- Taxes -€925
down €925 (-92.7%), from €997 to €73
- Financial charges +€921
up €921 (+1732.9%), from €53 to €974
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 | €78,525 | €76,526 | -€1,999 | -2.5% |
| Fixed assets | 21/28 | €49,867 | €38,563 | -€11,304 | -22.7% |
| Intangible fixed assets | 21 | €33,945 | €23,945 | -€10,000 | -29.5% |
| Tangible fixed assets | 22/27 | €15,522 | €14,218 | -€1,304 | -8.4% |
| Land and buildings | 22 | €5,660 | €5,093 | -€567 | -10.0% |
| Furniture and vehicles | 24 | €7,302 | €6,352 | -€949 | -13.0% |
| Other tangible fixed assets | 26 | €2,560 | €2,773 | +€212 | +8.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €28,657 | €37,963 | +€9,306 | +32.5% |
| Amounts receivable within one year | 40/41 | €12,371 | €6,828 | -€5,544 | -44.8% |
| Trade receivables | 40 | €12,371 | €6,828 | -€5,544 | -44.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €16,223 | €31,135 | +€14,912 | +91.9% |
| Deferred charges and accrued income | 490/1 | €63 | €0 | -€63 | -100.0% |
| Total equity and liabilities | 10/49 | €78,525 | €76,526 | -€1,999 | -2.5% |
| Equity | 10/15 | -€4,930 | -€9,954 | -€5,024 | -101.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,430 | -€12,454 | -€5,024 | -67.6% |
| Amounts payable | 17/49 | €83,455 | €86,480 | +€3,025 | +3.6% |
| Amounts payable within one year | 42/48 | €83,455 | €86,480 | +€3,025 | +3.6% |
| Trade debts | 44 | €4,374 | €3,446 | -€928 | -21.2% |
| Suppliers | 440/4 | €4,374 | €3,446 | -€928 | -21.2% |
| Taxes, remuneration and social security | 45 | €6,228 | €6,450 | +€222 | +3.6% |
| Taxes | 450/3 | €6,228 | €4,972 | -€1,256 | -20.2% |
| Remuneration and social security | 454/9 | €0 | €1,478 | +€1,478 | |
| Other amounts payable | 47/48 | €72,853 | €76,583 | +€3,730 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,478 | €14,737 | +€1,259 | +9.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €23,324 | €11,144 | -€12,180 | -52.2% |
| Operating profit (loss) | 9901 | €9,462 | -€3,980 | -€13,442 | |
| Financial income | 75/76B | €25 | €4 | -€22 | -86.0% |
| Recurring financial income | 75 | €25 | €4 | -€22 | -86.0% |
| Financial charges | 65/66B | €53 | €974 | +€921 | +1732.9% |
| Recurring financial charges | 65 | €53 | €974 | +€921 | +1732.9% |
| Profit (loss) for the period before taxes | 9903 | €9,434 | -€4,951 | -€14,385 | |
| Income taxes | 67/77 | €997 | €73 | -€925 | -92.7% |
| Profit (loss) for the period | 9904 | €8,436 | -€5,024 | -€13,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,436 | -€5,024 | -€13,460 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.