GDb: 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.
GDb
Largest movements
- Cash +€42,477
up €42,477 (+20.3%), from €209,738 to €252,215
mainly Debts after one year (+€74,506) and Net result for the year (+€44,672)
- Receivables within one year +€37,483
up €37,483 (+40.5%), from €92,584 to €130,066
of which Trade receivables: +€35,845
- Tangible fixed assets -€15,595
down €15,595 (-8.1%), from €192,815 to €177,220
of which Land and buildings: -€12,229
- Debts after one year +€74,506
up €74,506 (+41.6%), from €179,023 to €253,530
of which Other amounts payable: +€85,924
- Other debts -€16,320
down €16,320 (-100.0%), from €16,320 to €0
- Tax, wage and social debts +€7,836
up €7,836 (+25.4%), from €30,798 to €38,634
of which Remuneration and social security: +€4,464
- Staff costs -€12,748
down €12,748 (-13.2%), from €96,261 to €83,513
- Taxes +€2,968
up €2,968 (+19.3%), from €15,382 to €18,350
- Financial charges +€2,122
up €2,122 (+28.4%), from €7,466 to €9,587
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 | €507,958 | €570,925 | +€62,967 | +12.4% |
| Fixed assets | 21/28 | €197,390 | €178,710 | -€18,680 | -9.5% |
| Intangible fixed assets | 21 | €3,825 | €740 | -€3,085 | -80.7% |
| Tangible fixed assets | 22/27 | €192,815 | €177,220 | -€15,595 | -8.1% |
| Land and buildings | 22 | €168,694 | €156,465 | -€12,229 | -7.2% |
| Plant, machinery and equipment | 23 | €1,142 | €835 | -€307 | -26.9% |
| Furniture and vehicles | 24 | €22,979 | €19,921 | -€3,058 | -13.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €310,568 | €392,215 | +€81,647 | +26.3% |
| Amounts receivable within one year | 40/41 | €92,584 | €130,066 | +€37,483 | +40.5% |
| Trade receivables | 40 | €90,472 | €126,316 | +€35,845 | +39.6% |
| Other amounts receivable | 41 | €2,112 | €3,750 | +€1,638 | +77.6% |
| Cash at bank and in hand | 54/58 | €209,738 | €252,215 | +€42,477 | +20.3% |
| Deferred charges and accrued income | 490/1 | €8,247 | €9,934 | +€1,687 | +20.5% |
| Total equity and liabilities | 10/49 | €507,958 | €570,925 | +€62,967 | +12.4% |
| Equity | 10/15 | €250,161 | €250,824 | +€663 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,561 | €232,224 | +€663 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,619 | €15,619 | = | 0.0% |
| Distributable reserves | 133 | €214,082 | €214,745 | +€663 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €257,797 | €320,101 | +€62,304 | +24.2% |
| Amounts payable after more than one year | 17 | €179,023 | €253,530 | +€74,506 | +41.6% |
| Financial debts | 170/4 | €115,602 | €104,184 | -€11,418 | -9.9% |
| Other amounts payable | 178/9 | €63,422 | €149,346 | +€85,924 | +135.5% |
| Amounts payable within one year | 42/48 | €78,774 | €66,571 | -€12,202 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €11,275 | €11,418 | +€144 | +1.3% |
| Financial debts | 43 | €487 | €2,028 | +€1,541 | +316.4% |
| Credit institutions | 430/8 | €487 | €2,028 | +€1,541 | +316.4% |
| Trade debts | 44 | €19,894 | €14,492 | -€5,402 | -27.2% |
| Suppliers | 440/4 | €19,894 | €14,492 | -€5,402 | -27.2% |
| Taxes, remuneration and social security | 45 | €30,798 | €38,634 | +€7,836 | +25.4% |
| Taxes | 450/3 | €24,149 | €27,521 | +€3,372 | +14.0% |
| Remuneration and social security | 454/9 | €6,649 | €11,113 | +€4,464 | +67.1% |
| Other amounts payable | 47/48 | €16,320 | €0 | -€16,320 | -100.0% |
| Non-recurring operating income | 76A | €0 | €1,710 | +€1,710 | |
| Remuneration, social security and pensions | 62 | €96,261 | €83,513 | -€12,748 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,123 | €34,413 | +€289 | +0.8% |
| Other operating charges | 640/8 | €2,310 | €2,283 | -€27 | -1.2% |
| Gross operating margin | 9900 | €193,160 | €191,994 | -€1,165 | -0.6% |
| Operating profit (loss) | 9901 | €60,465 | €71,785 | +€11,320 | +18.7% |
| Financial income | 75/76B | €5 | €824 | +€819 | +16370.6% |
| Recurring financial income | 75 | €5 | €824 | +€819 | +16370.6% |
| Financial charges | 65/66B | €7,466 | €9,587 | +€2,122 | +28.4% |
| Recurring financial charges | 65 | €7,466 | €9,587 | +€2,122 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €53,005 | €63,022 | +€10,017 | +18.9% |
| Income taxes | 67/77 | €15,382 | €18,350 | +€2,968 | +19.3% |
| Profit (loss) for the period | 9904 | €37,622 | €44,672 | +€7,049 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,622 | €44,672 | +€7,049 | +18.7% |
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 11 October 2026 via checked.be.