GDANSK DEVELOPMENT HOLDING: 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.
GDANSK DEVELOPMENT HOLDING
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+23.6%), from €9.4m to €11.7m
- Receivables after one year +€1.7m
up €1.7m (+5.0%), from €34.2m to €35.9m
- Short-term financial debts +€2.2m
up €2.2m (+23.4%), from €9.2m to €11.3m
- Profit (loss) carried forward +€897,597
up €897,597 (+27.4%), from €3.3m to €4.2m
- Financial income -€275,882
down €275,882 (-11.0%), from €2.5m to €2.2m
- Financial charges -€239,155
down €239,155 (-20.6%), from €1.2m to €924,007
- Taxes -€13,115
down €13,115 (-3.7%), from €358,751 to €345,635
- Gross operating margin +€9,368
up €9,368 (+38.7%), from -€24,204 to -€14,835
- Other operating charges +€971
up €971 (+691%), from €141 to €1,112
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 | €52,560,266 | €56,140,477 | +€3.6m | +6.8% |
| Fixed assets | 21/28 | €8,507,447 | €8,507,447 | = | 0.0% |
| Financial fixed assets | 28 | €8,507,447 | €8,507,447 | = | 0.0% |
| Current assets | 29/58 | €44,052,819 | €47,633,030 | +€3.6m | +8.1% |
| Amounts receivable after more than one year | 29 | €34,171,636 | €35,876,504 | +€1.7m | +5.0% |
| Other amounts receivable | 291 | €34,171,636 | €35,876,504 | +€1.7m | +5.0% |
| Amounts receivable within one year | 40/41 | €9,428,783 | €11,653,600 | +€2.2m | +23.6% |
| Other amounts receivable | 41 | €9,428,783 | €11,653,600 | +€2.2m | +23.6% |
| Cash at bank and in hand | 54/58 | €452,399 | €102,926 | -€349,473 | -77.2% |
| Total equity and liabilities | 10/49 | €52,560,266 | €56,140,477 | +€3.6m | +6.8% |
| Equity | 10/15 | €42,310,581 | €43,255,420 | +€944,839 | +2.2% |
| Contributions | 10/11 | €38,868,000 | €38,868,000 | = | 0.0% |
| Capital | 10 | €38,868,000 | €38,868,000 | = | 0.0% |
| Issued capital | 100 | €38,868,000 | €38,868,000 | = | 0.0% |
| Reserves | 13 | €172,129 | €219,371 | +€47,242 | +27.4% |
| Non-distributable reserves | 130/1 | €172,129 | €219,371 | +€47,242 | +27.4% |
| Legal reserve | 130 | €172,129 | €219,371 | +€47,242 | +27.4% |
| Profit (loss) carried forward | 14 | €3,270,452 | €4,168,049 | +€897,597 | +27.4% |
| Amounts payable | 17/49 | €10,249,685 | €12,885,057 | +€2.6m | +25.7% |
| Amounts payable within one year | 42/48 | €9,286,085 | €11,760,642 | +€2.5m | +26.6% |
| Financial debts | 43 | €9,174,506 | €11,325,081 | +€2.2m | +23.4% |
| Other loans | 439 | €9,174,506 | €11,325,081 | +€2.2m | +23.4% |
| Trade debts | 44 | €5,344 | €6,562 | +€1,218 | +22.8% |
| Suppliers | 440/4 | €5,344 | €6,562 | +€1,218 | +22.8% |
| Taxes, remuneration and social security | 45 | €106,235 | €428,998 | +€322,764 | +304% |
| Taxes | 450/3 | €106,235 | €428,998 | +€322,764 | +304% |
| Accrued charges and deferred income | 492/3 | €963,600 | €1,124,415 | +€160,815 | +16.7% |
| Other operating charges | 640/8 | €141 | €1,112 | +€971 | +691% |
| Gross operating margin | 9900 | -€24,204 | -€14,835 | +€9,368 | +38.7% |
| Operating profit (loss) | 9901 | -€24,344 | -€15,947 | +€8,397 | +34.5% |
| Financial income | 75/76B | €2,506,311 | €2,230,428 | -€275,882 | -11.0% |
| Recurring financial income | 75 | €2,506,311 | €2,230,428 | -€275,882 | -11.0% |
| Financial charges | 65/66B | €1,163,162 | €924,007 | -€239,155 | -20.6% |
| Recurring financial charges | 65 | €1,163,162 | €924,007 | -€239,155 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €1,318,804 | €1,290,474 | -€28,330 | -2.1% |
| Income taxes | 67/77 | €358,751 | €345,635 | -€13,115 | -3.7% |
| Profit (loss) for the period | 9904 | €960,054 | €944,839 | -€15,215 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €960,054 | €944,839 | -€15,215 | -1.6% |
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.