GD Technics: what changed
Two fiscal 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 Technics
Largest movements
- Receivables within one year +€114,741
up €114,741 (+100.1%), from €114,630 to €229,371
of which Trade receivables: +€66,367
- Cash +€106,844
up €106,844 (+980.8%), from €10,894 to €117,738
mainly Accrued charges and deferred income (+€106,514) and Net result for the year (+€45,572)
- Tangible fixed assets -€9,964
down €9,964 (-18.7%), from €53,224 to €43,260
of which Leasing and similar rights: -€10,036
- Accrued charges and deferred income +€106,514
new in 2024: €106,514
- Reserves +€45,572
up €45,572 (+47.1%), from €96,797 to €142,369
- Trade debts +€45,246
up €45,246 (+193.9%), from €23,338 to €68,584
- Tax, wage and social debts +€19,867
up €19,867 (+149.4%), from €13,300 to €33,167
- Debts after one year -€7,934
down €7,934 (-23.4%), from €33,963 to €26,029
- Gross operating margin +€23,032
up €23,032 (+47.4%), from €48,618 to €71,650
- Depreciation +€7,632
up €7,632 (+135.4%), from €5,637 to €13,269
- Taxes +€3,980
up €3,980 (+46.4%), from €8,576 to €12,556
- Financial income +€1,847
up €1,847 (+45.2%), from €4,084 to €5,931
- Financial charges +€1,562
up €1,562 (+62.2%), from €2,509 to €4,071
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,100 | €390,369 | +€208,269 | +114.4% |
| Fixed assets | 21/28 | €53,224 | €43,260 | -€9,964 | -18.7% |
| Tangible fixed assets | 22/27 | €53,224 | €43,260 | -€9,964 | -18.7% |
| Plant, machinery and equipment | 23 | €4,302 | €3,036 | -€1,266 | -29.4% |
| Furniture and vehicles | 24 | €878 | €2,496 | +€1,618 | +184.1% |
| Leasing and similar rights | 25 | €47,484 | €37,448 | -€10,036 | -21.1% |
| Other tangible fixed assets | 26 | €560 | €280 | -€280 | -50.0% |
| Current assets | 29/58 | €128,876 | €347,109 | +€218,233 | +169.3% |
| Amounts receivable within one year | 40/41 | €114,630 | €229,371 | +€114,741 | +100.1% |
| Trade receivables | 40 | €34,073 | €100,440 | +€66,367 | +194.8% |
| Other amounts receivable | 41 | €80,557 | €128,930 | +€48,374 | +60.0% |
| Cash at bank and in hand | 54/58 | €10,894 | €117,738 | +€106,844 | +980.8% |
| Deferred charges and accrued income | 490/1 | €3,352 | €0 | -€3,352 | -100.0% |
| Total equity and liabilities | 10/49 | €182,100 | €390,369 | +€208,269 | +114.4% |
| Equity | 10/15 | €100,797 | €146,369 | +€45,572 | +45.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €96,797 | €142,369 | +€45,572 | +47.1% |
| Distributable reserves | 133 | €96,797 | €142,369 | +€45,572 | +47.1% |
| Amounts payable | 17/49 | €81,303 | €243,999 | +€162,697 | +200.1% |
| Amounts payable after more than one year | 17 | €33,963 | €26,029 | -€7,934 | -23.4% |
| Financial debts | 170/4 | €33,963 | €26,029 | -€7,934 | -23.4% |
| Amounts payable within one year | 42/48 | €47,340 | €111,456 | +€64,117 | +135.4% |
| Current portion of amounts payable after more than one year | 42 | €8,434 | €8,878 | +€444 | +5.3% |
| Financial debts | 43 | €2,268 | €0 | -€2,268 | -100.0% |
| Other loans | 439 | €2,268 | €0 | -€2,268 | -100.0% |
| Trade debts | 44 | €23,338 | €68,584 | +€45,246 | +193.9% |
| Suppliers | 440/4 | €23,338 | €68,584 | +€45,246 | +193.9% |
| Advances received on contracts in progress | 46 | - | €827 | +€827 | |
| Taxes, remuneration and social security | 45 | €13,300 | €33,167 | +€19,867 | +149.4% |
| Taxes | 450/3 | €13,300 | €33,167 | +€19,867 | +149.4% |
| Accrued charges and deferred income | 492/3 | - | €106,514 | +€106,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,637 | €13,269 | +€7,632 | +135.4% |
| Other operating charges | 640/8 | €1,934 | €2,114 | +€180 | +9.3% |
| Non-recurring operating charges | 66A | €331 | €0 | -€331 | -100.0% |
| Gross operating margin | 9900 | €48,618 | €71,650 | +€23,032 | +47.4% |
| Operating profit (loss) | 9901 | €40,717 | €56,268 | +€15,551 | +38.2% |
| Financial income | 75/76B | €4,084 | €5,931 | +€1,847 | +45.2% |
| Recurring financial income | 75 | €4,084 | €5,931 | +€1,847 | +45.2% |
| Financial charges | 65/66B | €2,509 | €4,071 | +€1,562 | +62.2% |
| Recurring financial charges | 65 | €2,509 | €4,071 | +€1,562 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €42,292 | €58,129 | +€15,836 | +37.4% |
| Income taxes | 67/77 | €8,576 | €12,556 | +€3,980 | +46.4% |
| Profit (loss) for the period | 9904 | €33,716 | €45,572 | +€11,856 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,716 | €45,572 | +€11,856 | +35.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.