GD INVEST: 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 INVEST
Largest movements
- Intangible fixed assets -€729
down €729 (-22.2%), from €3,284 to €2,555
- Receivables within one year +€573
up €573 (+35.8%), from €1,601 to €2,174
of which Other amounts receivable: +€736
- Cash -€200
down €200 (-34.4%), from €580 to €381
mainly Net result for the year (-€3,170) and Receivables within one year (-€573)
- Profit (loss) carried forward -€3,170
down €3,170 (-16.2%), from -€19,616 to -€22,785
- Other debts +€1,566
up €1,566 (+8.6%), from €18,300 to €19,866
- Trade debts +€1,249
up €1,249 (+215%), from €581 to €1,830
- Gross operating margin -€1,037
down €1,037 (-82.4%), from -€1,258 to -€2,295
- Financial charges +€57
up €57 (+65.3%), from €88 to €145
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 | €5,466 | €5,110 | -€355 | -6.5% |
| Fixed assets | 21/28 | €3,284 | €2,555 | -€729 | -22.2% |
| Intangible fixed assets | 21 | €3,284 | €2,555 | -€729 | -22.2% |
| Current assets | 29/58 | €2,181 | €2,555 | +€374 | +17.1% |
| Amounts receivable within one year | 40/41 | €1,601 | €2,174 | +€573 | +35.8% |
| Trade receivables | 40 | €163 | - | -€163 | |
| Other amounts receivable | 41 | €1,438 | €2,174 | +€736 | +51.2% |
| Cash at bank and in hand | 54/58 | €580 | €381 | -€200 | -34.4% |
| Total equity and liabilities | 10/49 | €5,466 | €5,110 | -€355 | -6.5% |
| Equity | 10/15 | -€13,416 | -€16,585 | -€3,170 | -23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,616 | -€22,785 | -€3,170 | -16.2% |
| Amounts payable | 17/49 | €18,881 | €21,695 | +€2,814 | +14.9% |
| Amounts payable within one year | 42/48 | €18,881 | €21,695 | +€2,814 | +14.9% |
| Trade debts | 44 | €581 | €1,830 | +€1,249 | +215% |
| Suppliers | 440/4 | €581 | €1,830 | +€1,249 | +215% |
| Other amounts payable | 47/48 | €18,300 | €19,866 | +€1,566 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €729 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€1,258 | -€2,295 | -€1,037 | -82.4% |
| Operating profit (loss) | 9901 | -€1,987 | -€3,024 | -€1,037 | -52.2% |
| Financial charges | 65/66B | €88 | €145 | +€57 | +65.3% |
| Recurring financial charges | 65 | €88 | €145 | +€57 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,075 | -€3,170 | -€1,094 | -52.7% |
| Profit (loss) for the period | 9904 | -€2,075 | -€3,170 | -€1,094 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,075 | -€3,170 | -€1,094 | -52.7% |
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 28 October 2026 via checked.be.