GDA: 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.
GDA
Largest movements
- Financial fixed assets -€107,834
down €107,834 (-98.7%), from €109,234 to €1,400
- Cash +€89,328
up €89,328 (+46.6%), from €191,607 to €280,935
mainly Investment in fixed assets (net) (+€107,072) and Net result for the year (+€28,551)
- Receivables within one year +€54,424
up €54,424 (+60.8%), from €89,523 to €143,947
of which Other amounts receivable: +€102,023
- Profit (loss) carried forward +€28,552
up €28,552 (+9.8%), from €290,703 to €319,255
- Tax, wage and social debts +€4,534
up €4,534 (+30.6%), from €14,839 to €19,373
of which Taxes: +€7,376
- Staff costs -€28,900
down €28,900 (-48.6%), from €59,497 to €30,597
- Gross operating margin +€15,381
up €15,381 (+23.3%), from €65,922 to €81,303
- Taxes +€11,912
up €11,912 (+344.5%), from €3,458 to €15,370
- Other operating charges -€6,300
down €6,300 (-84.6%), from €7,446 to €1,146
- Write-downs +€5,484
no longer reported in 2025 (was -€5,484)
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.
Cash bridge derived
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 | €394,107 | €429,590 | +€35,483 | +9.0% |
| Fixed assets | 21/28 | €110,977 | €2,208 | -€108,769 | -98.0% |
| Tangible fixed assets | 22/27 | €1,743 | €808 | -€935 | -53.6% |
| Furniture and vehicles | 24 | €892 | €808 | -€84 | -9.4% |
| Other tangible fixed assets | 26 | €851 | - | -€851 | |
| Financial fixed assets | 28 | €109,234 | €1,400 | -€107,834 | -98.7% |
| Current assets | 29/58 | €283,130 | €427,382 | +€144,252 | +50.9% |
| Amounts receivable within one year | 40/41 | €89,523 | €143,947 | +€54,424 | +60.8% |
| Trade receivables | 40 | €89,523 | €41,924 | -€47,599 | -53.2% |
| Other amounts receivable | 41 | - | €102,023 | +€102,023 | |
| Cash at bank and in hand | 54/58 | €191,607 | €280,935 | +€89,328 | +46.6% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,500 | +€500 | +25.0% |
| Total equity and liabilities | 10/49 | €394,107 | €429,590 | +€35,483 | +9.0% |
| Equity | 10/15 | €349,057 | €377,609 | +€28,552 | +8.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €27,367 | €27,367 | = | 0.0% |
| Distributable reserves | 133 | €27,367 | €27,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,703 | €319,255 | +€28,552 | +9.8% |
| Amounts payable | 17/49 | €45,050 | €51,981 | +€6,931 | +15.4% |
| Amounts payable within one year | 42/48 | €44,083 | €51,981 | +€7,898 | +17.9% |
| Trade debts | 44 | €28,049 | €31,877 | +€3,828 | +13.6% |
| Suppliers | 440/4 | €28,049 | €31,877 | +€3,828 | +13.6% |
| Taxes, remuneration and social security | 45 | €14,839 | €19,373 | +€4,534 | +30.6% |
| Taxes | 450/3 | €7,994 | €15,370 | +€7,376 | +92.3% |
| Remuneration and social security | 454/9 | €6,845 | €4,003 | -€2,842 | -41.5% |
| Other amounts payable | 47/48 | €1,195 | €731 | -€464 | -38.8% |
| Accrued charges and deferred income | 492/3 | €967 | - | -€967 | |
| Remuneration, social security and pensions | 62 | €59,497 | €30,597 | -€28,900 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690 | €1,697 | +€7 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,484 | - | +€5,484 | |
| Other operating charges | 640/8 | €7,446 | €1,146 | -€6,300 | -84.6% |
| Non-recurring operating charges | 66A | - | €5,879 | +€5,879 | |
| Gross operating margin | 9900 | €65,922 | €81,303 | +€15,381 | +23.3% |
| Operating profit (loss) | 9901 | €2,773 | €41,984 | +€39,211 | +1414.0% |
| Financial income | 75/76B | €1,499 | €2,037 | +€538 | +35.9% |
| Recurring financial income | 75 | €1,499 | €2,037 | +€538 | +35.9% |
| Financial charges | 65/66B | €259 | €100 | -€159 | -61.4% |
| Recurring financial charges | 65 | €259 | €100 | -€159 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | €4,013 | €43,921 | +€39,908 | +994.5% |
| Income taxes | 67/77 | €3,458 | €15,370 | +€11,912 | +344.5% |
| Profit (loss) for the period | 9904 | €555 | €28,551 | +€27,996 | +5044.3% |
| Profit (loss) for the period to be appropriated | 9905 | €555 | €28,551 | +€27,996 | +5044.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.