GD: 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.
GD
Largest movements
- Financial fixed assets -€1,564
down €1,564 (-100.0%), from €1,564 to €0
- Cash -€1,215
down €1,215 (-97.5%), from €1,246 to €31
mainly Net result for the year (-€5,458) and Receivables within one year (-€476)
- Receivables within one year +€476
up €476 (+81.0%), from €588 to €1,064
of which Other amounts receivable: +€476
- Profit (loss) carried forward -€5,458
down €5,458 (-22.1%), from -€24,654 to -€30,113
- Trade debts +€1,627
up €1,627 (+4068.5%), from €40 to €1,667
- Other debts +€1,579
up €1,579 (+105.1%), from €1,502 to €3,080
- Tax, wage and social debts -€50
down €50 (-100.0%), from €50 to €0
of which Taxes: -€50
- Gross operating margin +€8,023
up €8,023 (+63.4%), from -€12,652 to -€4,629
- Other operating charges -€2,047
down €2,047 (-100.0%), from €2,047 to €0
- Staff costs -€907
down €907 (-100.0%), from €907 to €0
- Financial charges +€448
up €448 (+116.1%), from €386 to €833
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,398 | €1,095 | -€2,302 | -67.8% |
| Fixed assets | 21/28 | €1,564 | €0 | -€1,564 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,564 | €0 | -€1,564 | -100.0% |
| Current assets | 29/58 | €1,834 | €1,095 | -€739 | -40.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €588 | €1,064 | +€476 | +81.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €588 | €1,064 | +€476 | +81.0% |
| Cash at bank and in hand | 54/58 | €1,246 | €31 | -€1,215 | -97.5% |
| Total equity and liabilities | 10/49 | €3,398 | €1,095 | -€2,302 | -67.8% |
| Equity | 10/15 | €1,806 | -€3,653 | -€5,458 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,860 | €7,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,654 | -€30,113 | -€5,458 | -22.1% |
| Amounts payable | 17/49 | €1,592 | €4,748 | +€3,156 | +198.2% |
| Amounts payable within one year | 42/48 | €1,592 | €4,748 | +€3,156 | +198.2% |
| Trade debts | 44 | €40 | €1,667 | +€1,627 | +4068.5% |
| Suppliers | 440/4 | €40 | €1,667 | +€1,627 | +4068.5% |
| Taxes, remuneration and social security | 45 | €50 | €0 | -€50 | -100.0% |
| Taxes | 450/3 | €50 | €0 | -€50 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,502 | €3,080 | +€1,579 | +105.1% |
| Remuneration, social security and pensions | 62 | €907 | €0 | -€907 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,047 | €0 | -€2,047 | -100.0% |
| Gross operating margin | 9900 | -€12,652 | -€4,629 | +€8,023 | +63.4% |
| Operating profit (loss) | 9901 | -€15,606 | -€4,629 | +€10,977 | +70.3% |
| Financial income | 75/76B | €0 | €4 | +€3 | +1628.6% |
| Recurring financial income | 75 | €0 | €4 | +€3 | +1628.6% |
| Financial charges | 65/66B | €386 | €833 | +€448 | +116.1% |
| Recurring financial charges | 65 | €386 | €833 | +€448 | +116.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,991 | -€5,458 | +€10,533 | +65.9% |
| Profit (loss) for the period | 9904 | -€15,991 | -€5,458 | +€10,533 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,991 | -€5,458 | +€10,533 | +65.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.