GD Freelance: 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 Freelance
Largest movements
- Receivables within one year +€113,807
up €113,807 (+382%), from €29,824 to €143,631
of which Other amounts receivable: +€115,441
- Cash -€40,333
down €40,333 (-30.6%), from €131,814 to €91,481
mainly Receivables within one year (-€113,807) and Debts after one year (-€18,047)
- Tangible fixed assets -€16,141
down €16,141 (-12.3%), from €131,034 to €114,892
of which Furniture and vehicles: -€15,279
- Deferred charges and accrued income +€4,167
new in 2025: €4,167
- Reserves +€88,302
up €88,302 (+66.0%), from €133,789 to €222,091
- Debts after one year -€18,047
down €18,047 (-19.5%), from €92,431 to €74,384
- Tax, wage and social debts -€10,603
down €10,603 (-24.3%), from €43,613 to €33,010
- Gross operating margin +€12,814
up €12,814 (+10.8%), from €118,644 to €131,459
- Taxes +€3,809
up €3,809 (+19.0%), from €20,014 to €23,822
- Financial income +€2,005
up €2,005 (+473%), from €424 to €2,429
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 | €292,672 | €354,171 | +€61,499 | +21.0% |
| Fixed assets | 21/28 | €131,034 | €114,892 | -€16,141 | -12.3% |
| Tangible fixed assets | 22/27 | €131,034 | €114,892 | -€16,141 | -12.3% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,256 | €1,393 | -€863 | -38.2% |
| Furniture and vehicles | 24 | €48,778 | €33,499 | -€15,279 | -31.3% |
| Current assets | 29/58 | €161,638 | €239,279 | +€77,641 | +48.0% |
| Amounts receivable within one year | 40/41 | €29,824 | €143,631 | +€113,807 | +382% |
| Trade receivables | 40 | €17,152 | €15,518 | -€1,634 | -9.5% |
| Other amounts receivable | 41 | €12,672 | €128,113 | +€115,441 | +911% |
| Cash at bank and in hand | 54/58 | €131,814 | €91,481 | -€40,333 | -30.6% |
| Deferred charges and accrued income | 490/1 | - | €4,167 | +€4,167 | |
| Total equity and liabilities | 10/49 | €292,672 | €354,171 | +€61,499 | +21.0% |
| Equity | 10/15 | €138,789 | €227,091 | +€88,302 | +63.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €133,789 | €222,091 | +€88,302 | +66.0% |
| Distributable reserves | 133 | €133,789 | €222,091 | +€88,302 | +66.0% |
| Amounts payable | 17/49 | €153,882 | €127,080 | -€26,802 | -17.4% |
| Amounts payable after more than one year | 17 | €92,431 | €74,384 | -€18,047 | -19.5% |
| Financial debts | 170/4 | €92,431 | €74,384 | -€18,047 | -19.5% |
| Amounts payable within one year | 42/48 | €61,284 | €52,241 | -€9,043 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €17,436 | €18,047 | +€611 | +3.5% |
| Trade debts | 44 | €235 | €1,184 | +€949 | +404% |
| Suppliers | 440/4 | €235 | €1,184 | +€949 | +404% |
| Taxes, remuneration and social security | 45 | €43,613 | €33,010 | -€10,603 | -24.3% |
| Taxes | 450/3 | €43,613 | €33,010 | -€10,603 | -24.3% |
| Accrued charges and deferred income | 492/3 | €168 | €456 | +€288 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,255 | €17,364 | +€108 | +0.6% |
| Other operating charges | 640/8 | €190 | €321 | +€132 | +69.3% |
| Gross operating margin | 9900 | €118,644 | €131,459 | +€12,814 | +10.8% |
| Operating profit (loss) | 9901 | €101,199 | €113,774 | +€12,574 | +12.4% |
| Financial income | 75/76B | €424 | €2,429 | +€2,005 | +473% |
| Recurring financial income | 75 | €424 | €2,429 | +€2,005 | +473% |
| Financial charges | 65/66B | €4,640 | €4,079 | -€561 | -12.1% |
| Recurring financial charges | 65 | €4,640 | €4,079 | -€561 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €96,983 | €112,124 | +€15,141 | +15.6% |
| Income taxes | 67/77 | €20,014 | €23,822 | +€3,809 | +19.0% |
| Profit (loss) for the period | 9904 | €76,970 | €88,302 | +€11,332 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,970 | €88,302 | +€11,332 | +14.7% |
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 21 October 2026 via checked.be.