GD Services: what changed
GD Services
Largest movements
- Cash +€265,134
up €265,134 (+7,788%), from €3,404 to €268,538
mainly Debts after one year (+€176,858) and Deferred charges and accrued income (+€95,954)
- Deferred charges and accrued income -€95,954
down €95,954 (-99.4%), from €96,571 to €618
- Receivables within one year +€87,164
up €87,164 (+4,002%), from €2,178 to €89,342
of which Trade receivables: +€77,398
- Debts after one year +€176,858
up €176,858 (+148%), from €119,117 to €295,975
- Reserves +€75,948
up €75,948 (+31.9%), from €237,742 to €313,690
- Gross operating margin -€32,981
down €32,981 (-24.0%), from €137,410 to €104,429
- Taxes -€8,427
down €8,427 (-24.4%), from €34,482 to €26,056
- Financial charges -€1,526
down €1,526 (-44.4%), from €3,438 to €1,912
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €502,153 | €758,498 | +€256,345 | +51.0% |
| Fixed assets | 21/28 | €400,000 | €400,000 | = | 0.0% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €102,153 | €358,498 | +€256,345 | +251% |
| Amounts receivable within one year | 40/41 | €2,178 | €89,342 | +€87,164 | +4,002% |
| Trade receivables | 40 | - | €77,398 | +€77,398 | |
| Other amounts receivable | 41 | €2,178 | €11,944 | +€9,766 | +448% |
| Cash at bank and in hand | 54/58 | €3,404 | €268,538 | +€265,134 | +7,788% |
| Deferred charges and accrued income | 490/1 | €96,571 | €618 | -€95,954 | -99.4% |
| Total equity and liabilities | 10/49 | €502,153 | €758,498 | +€256,345 | +51.0% |
| Equity | 10/15 | €238,742 | €314,690 | +€75,948 | +31.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €237,742 | €313,690 | +€75,948 | +31.9% |
| Distributable reserves | 133 | €237,742 | €313,690 | +€75,948 | +31.9% |
| Amounts payable | 17/49 | €263,412 | €443,808 | +€180,396 | +68.5% |
| Amounts payable after more than one year | 17 | €119,117 | €295,975 | +€176,858 | +148% |
| Financial debts | 170/4 | €119,117 | €295,975 | +€176,858 | +148% |
| Amounts payable within one year | 42/48 | €143,700 | €147,208 | +€3,508 | +2.4% |
| Taxes, remuneration and social security | 45 | €9,482 | €8,460 | -€1,023 | -10.8% |
| Taxes | 450/3 | €9,482 | €8,460 | -€1,023 | -10.8% |
| Other amounts payable | 47/48 | €134,217 | €138,748 | +€4,531 | +3.4% |
| Accrued charges and deferred income | 492/3 | €595 | €625 | +€30 | +5.0% |
| Other operating charges | 640/8 | €507 | €513 | +€6 | +1.2% |
| Gross operating margin | 9900 | €137,410 | €104,429 | -€32,981 | -24.0% |
| Operating profit (loss) | 9901 | €136,903 | €103,916 | -€32,987 | -24.1% |
| Financial charges | 65/66B | €3,438 | €1,912 | -€1,526 | -44.4% |
| Recurring financial charges | 65 | €3,438 | €1,912 | -€1,526 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €133,465 | €102,004 | -€31,461 | -23.6% |
| Income taxes | 67/77 | €34,482 | €26,056 | -€8,427 | -24.4% |
| Profit (loss) for the period | 9904 | €98,983 | €75,948 | -€23,034 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,983 | €75,948 | -€23,034 | -23.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.