GD-Matics: 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-Matics
Largest movements
- Cash +€61,410
up €61,410 (+98.3%), from €62,447 to €123,857
mainly Net result for the year (+€53,839) and Tax, wage and social debts (+€9,304)
- Receivables within one year +€5,099
up €5,099 (+167%), from €3,047 to €8,146
of which Trade receivables: +€6,093
- Reserves +€53,839
up €53,839 (+177%), from €30,478 to €84,317
- Tax, wage and social debts +€9,304
up €9,304 (+668%), from €1,393 to €10,697
- Other debts +€2,674
up €2,674 (+24.0%), from €11,153 to €13,827
- Gross operating margin +€43,702
up €43,702 (+142%), from €30,669 to €74,372
- Taxes +€12,124
up €12,124 (+173%), from €7,006 to €19,130
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,498 | €132,003 | +€65,505 | +98.5% |
| Current assets | 29/58 | €66,498 | €132,003 | +€65,505 | +98.5% |
| Amounts receivable within one year | 40/41 | €3,047 | €8,146 | +€5,099 | +167% |
| Trade receivables | 40 | €2,053 | €8,146 | +€6,093 | +297% |
| Other amounts receivable | 41 | €994 | €0 | -€994 | -100% |
| Cash at bank and in hand | 54/58 | €62,447 | €123,857 | +€61,410 | +98.3% |
| Deferred charges and accrued income | 490/1 | €1,004 | €0 | -€1,004 | -100% |
| Total equity and liabilities | 10/49 | €66,498 | €132,003 | +€65,505 | +98.5% |
| Equity | 10/15 | €52,482 | €106,321 | +€53,839 | +103% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,478 | €84,317 | +€53,839 | +177% |
| Distributable reserves | 133 | €30,478 | €84,317 | +€53,839 | +177% |
| Profit (loss) carried forward | 14 | €3,454 | €3,454 | = | 0.0% |
| Amounts payable | 17/49 | €14,016 | €25,683 | +€11,666 | +83.2% |
| Amounts payable within one year | 42/48 | €14,016 | €25,683 | +€11,666 | +83.2% |
| Trade debts | 44 | €1,470 | €1,158 | -€312 | -21.2% |
| Suppliers | 440/4 | €1,470 | €1,158 | -€312 | -21.2% |
| Taxes, remuneration and social security | 45 | €1,393 | €10,697 | +€9,304 | +668% |
| Taxes | 450/3 | €1,393 | €10,697 | +€9,304 | +668% |
| Other amounts payable | 47/48 | €11,153 | €13,827 | +€2,674 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,147 | €544 | -€603 | -52.6% |
| Gross operating margin | 9900 | €30,669 | €74,372 | +€43,702 | +142% |
| Operating profit (loss) | 9901 | €29,523 | €73,828 | +€44,305 | +150% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €955 | €859 | -€95 | -10.0% |
| Recurring financial charges | 65 | €955 | €859 | -€95 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €28,568 | €72,969 | +€44,401 | +155% |
| Income taxes | 67/77 | €7,006 | €19,130 | +€12,124 | +173% |
| Profit (loss) for the period | 9904 | €21,562 | €53,839 | +€32,277 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €21,562 | €53,839 | +€32,277 | +150% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.