GD Parts: 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 Parts
Largest movements
- Cash +€128,497
up €128,497 (+95.9%), from €133,972 to €262,469
mainly Net result for the year (+€94,337) and Depreciation (+€21,269)
- Tangible fixed assets -€24,660
down €24,660 (-25.8%), from €95,512 to €70,852
of which Land and buildings: -€21,563
- Receivables within one year -€18,715
down €18,715 (-11.3%), from €165,337 to €146,622
of which Trade receivables: -€36,408
- Reserves +€94,337
up €94,337 (+31.8%), from €296,631 to €390,968
- Other debts -€13,900
down €13,900 (-20.3%), from €68,607 to €54,707
- Gross operating margin +€80,872
up €80,872 (+122%), from €66,531 to €147,404
- Taxes +€25,170
up €25,170 (+12,971%), from €194 to €25,364
- Depreciation +€5,911
up €5,911 (+38.5%), from €15,358 to €21,269
- Write-downs +€2,448
new in 2025: €2,448
- Financial charges -€1,806
down €1,806 (-34.8%), from €5,189 to €3,383
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 | €480,725 | €567,207 | +€86,482 | +18.0% |
| Fixed assets | 21/28 | €95,645 | €70,852 | -€24,793 | -25.9% |
| Intangible fixed assets | 21 | €133 | - | -€133 | |
| Tangible fixed assets | 22/27 | €95,512 | €70,852 | -€24,660 | -25.8% |
| Land and buildings | 22 | €21,563 | - | -€21,563 | |
| Plant, machinery and equipment | 23 | €7,828 | €4,750 | -€3,078 | -39.3% |
| Furniture and vehicles | 24 | €32,512 | €27,925 | -€4,588 | -14.1% |
| Other tangible fixed assets | 26 | €33,609 | €38,177 | +€4,569 | +13.6% |
| Current assets | 29/58 | €385,081 | €496,356 | +€111,275 | +28.9% |
| Stocks and contracts in progress | 3 | €80,000 | €80,000 | = | 0.0% |
| Stocks | 30/36 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,337 | €146,622 | -€18,715 | -11.3% |
| Trade receivables | 40 | €93,551 | €57,142 | -€36,408 | -38.9% |
| Other amounts receivable | 41 | €71,787 | €89,480 | +€17,693 | +24.6% |
| Cash at bank and in hand | 54/58 | €133,972 | €262,469 | +€128,497 | +95.9% |
| Deferred charges and accrued income | 490/1 | €5,771 | €7,264 | +€1,493 | +25.9% |
| Total equity and liabilities | 10/49 | €480,725 | €567,207 | +€86,482 | +18.0% |
| Equity | 10/15 | €306,631 | €400,968 | +€94,337 | +30.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €296,631 | €390,968 | +€94,337 | +31.8% |
| Distributable reserves | 133 | €296,631 | €390,968 | +€94,337 | +31.8% |
| Amounts payable | 17/49 | €174,094 | €166,239 | -€7,855 | -4.5% |
| Amounts payable within one year | 42/48 | €174,094 | €166,239 | -€7,855 | -4.5% |
| Financial debts | 43 | €16,954 | €16,840 | -€114 | -0.7% |
| Credit institutions | 430/8 | €16,954 | €16,840 | -€114 | -0.7% |
| Trade debts | 44 | €88,534 | €89,040 | +€507 | +0.6% |
| Suppliers | 440/4 | €88,534 | €89,040 | +€507 | +0.6% |
| Taxes, remuneration and social security | 45 | - | €5,652 | +€5,652 | |
| Remuneration and social security | 454/9 | - | €5,652 | +€5,652 | |
| Other amounts payable | 47/48 | €68,607 | €54,707 | -€13,900 | -20.3% |
| Non-recurring operating income | 76A | - | €3,516 | +€3,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,358 | €21,269 | +€5,911 | +38.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,448 | +€2,448 | |
| Other operating charges | 640/8 | €1,811 | €1,262 | -€549 | -30.3% |
| Non-recurring operating charges | 66A | €47,344 | €472 | -€46,872 | -99.0% |
| Gross operating margin | 9900 | €66,531 | €147,404 | +€80,872 | +122% |
| Operating profit (loss) | 9901 | €2,019 | €121,953 | +€119,934 | +5,941% |
| Financial income | 75/76B | €1,489 | €1,131 | -€358 | -24.0% |
| Recurring financial income | 75 | €1,489 | €1,131 | -€358 | -24.0% |
| Financial charges | 65/66B | €5,189 | €3,383 | -€1,806 | -34.8% |
| Recurring financial charges | 65 | €5,189 | €3,383 | -€1,806 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,681 | €119,701 | +€121,382 | |
| Income taxes | 67/77 | €194 | €25,364 | +€25,170 | +12,971% |
| Profit (loss) for the period | 9904 | -€1,875 | €94,337 | +€96,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,875 | €94,337 | +€96,212 |
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 27 October 2026 via checked.be.