GD INFO: 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 INFO
Largest movements
- Receivables within one year +€71,474
up €71,474 (+26.4%), from €270,834 to €342,308
of which Trade receivables: +€71,486
- Stocks and contracts -€17,812
down €17,812 (-51.8%), from €34,362 to €16,550
- Tangible fixed assets -€16,706
down €16,706 (-20.6%), from €80,899 to €64,194
- Profit (loss) carried forward +€41,251
up €41,251 (+22.6%), from €182,780 to €224,032
- Tax, wage and social debts +€31,395
up €31,395 (+144.8%), from €21,685 to €53,080
of which Taxes: +€31,020
- Other debts -€15,432
down €15,432 (-16.5%), from €93,398 to €77,966
- Debts after one year -€12,756
down €12,756 (-19.8%), from €64,363 to €51,607
- Short-term financial debts -€6,205
no longer reported in 2025 (was €6,205)
- Gross operating margin +€54,895
up €54,895 (+102.2%), from €53,688 to €108,583
- Taxes +€12,724
up €12,724 (+412.7%), from €3,083 to €15,807
- Depreciation +€4,961
up €4,961 (+42.2%), from €11,745 to €16,706
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 | €388,596 | €427,501 | +€38,905 | +10.0% |
| Fixed assets | 21/28 | €81,074 | €64,369 | -€16,706 | -20.6% |
| Tangible fixed assets | 22/27 | €80,899 | €64,194 | -€16,706 | -20.6% |
| Land and buildings | 22 | €46,451 | €38,361 | -€8,090 | -17.4% |
| Plant, machinery and equipment | 23 | €677 | - | -€677 | |
| Furniture and vehicles | 24 | €33,771 | €25,833 | -€7,938 | -23.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €307,522 | €363,132 | +€55,610 | +18.1% |
| Stocks and contracts in progress | 3 | €34,362 | €16,550 | -€17,812 | -51.8% |
| Stocks | 30/36 | €34,362 | €16,550 | -€17,812 | -51.8% |
| Amounts receivable within one year | 40/41 | €270,834 | €342,308 | +€71,474 | +26.4% |
| Trade receivables | 40 | €270,822 | €342,308 | +€71,486 | +26.4% |
| Other amounts receivable | 41 | €12 | - | -€12 | |
| Cash at bank and in hand | 54/58 | €1,476 | €3,290 | +€1,814 | +122.9% |
| Deferred charges and accrued income | 490/1 | €850 | €984 | +€135 | +15.8% |
| Total equity and liabilities | 10/49 | €388,596 | €427,501 | +€38,905 | +10.0% |
| Equity | 10/15 | €190,840 | €232,092 | +€41,251 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €182,780 | €224,032 | +€41,251 | +22.6% |
| Amounts payable | 17/49 | €197,756 | €195,409 | -€2,347 | -1.2% |
| Amounts payable after more than one year | 17 | €64,363 | €51,607 | -€12,756 | -19.8% |
| Financial debts | 170/4 | €64,363 | €51,607 | -€12,756 | -19.8% |
| Amounts payable within one year | 42/48 | €133,393 | €143,802 | +€10,409 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €12,105 | €12,756 | +€651 | +5.4% |
| Financial debts | 43 | €6,205 | - | -€6,205 | |
| Credit institutions | 430/8 | €6,205 | - | -€6,205 | |
| Taxes, remuneration and social security | 45 | €21,685 | €53,080 | +€31,395 | +144.8% |
| Taxes | 450/3 | €17,488 | €48,508 | +€31,020 | +177.4% |
| Remuneration and social security | 454/9 | €4,197 | €4,573 | +€376 | +9.0% |
| Other amounts payable | 47/48 | €93,398 | €77,966 | -€15,432 | -16.5% |
| Remuneration, social security and pensions | 62 | €20,310 | €21,336 | +€1,026 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,745 | €16,706 | +€4,961 | +42.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €497 | - | -€497 | |
| Other operating charges | 640/8 | €2,913 | €2,609 | -€305 | -10.5% |
| Non-recurring operating charges | 66A | €1,200 | €4,705 | +€3,505 | +292.1% |
| Gross operating margin | 9900 | €53,688 | €108,583 | +€54,895 | +102.2% |
| Operating profit (loss) | 9901 | €17,023 | €63,227 | +€46,205 | +271.4% |
| Financial income | 75/76B | €8 | €1 | -€7 | -92.2% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -92.2% |
| Financial charges | 65/66B | €6,750 | €6,170 | -€580 | -8.6% |
| Recurring financial charges | 65 | €6,750 | €6,170 | -€580 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €10,281 | €57,058 | +€46,778 | +455.0% |
| Income taxes | 67/77 | €3,083 | €15,807 | +€12,724 | +412.7% |
| Profit (loss) for the period | 9904 | €7,198 | €41,251 | +€34,054 | +473.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,198 | €41,251 | +€34,054 | +473.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.