GDB CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€30,584
down €30,584 (-19.2%), from €159,221 to €128,637
of which Furniture and vehicles: -€21,044
- Cash -€3,978
down €3,978 (-45.4%), from €8,771 to €4,793
mainly Debts after one year (-€29,580) and Current portion of long-term debt (-€4,335)
- Debts after one year -€29,580
down €29,580 (-37.3%), from €79,355 to €49,775
- Current portion of long-term debt -€4,335
down €4,335 (-12.8%), from €33,916 to €29,581
- Other debts -€4,022
down €4,022 (-14.3%), from €28,113 to €24,091
- Tax, wage and social debts +€3,256
up €3,256 (+38.4%), from €8,477 to €11,733
of which Remuneration and social security: +€2,668
- Gross operating margin -€3,938
down €3,938 (-9.3%), from €42,284 to €38,346
- Financial charges -€814
down €814 (-15.6%), from €5,204 to €4,390
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 | €203,432 | €167,927 | -€35,505 | -17.5% |
| Fixed assets | 21/28 | €159,221 | €128,637 | -€30,584 | -19.2% |
| Tangible fixed assets | 22/27 | €159,221 | €128,637 | -€30,584 | -19.2% |
| Land and buildings | 22 | €76,327 | €66,787 | -€9,540 | -12.5% |
| Furniture and vehicles | 24 | €82,894 | €61,850 | -€21,044 | -25.4% |
| Current assets | 29/58 | €44,211 | €39,290 | -€4,921 | -11.1% |
| Amounts receivable within one year | 40/41 | €34,092 | €33,082 | -€1,010 | -3.0% |
| Trade receivables | 40 | €11,132 | €12,082 | +€950 | +8.5% |
| Other amounts receivable | 41 | €22,960 | €21,000 | -€1,960 | -8.5% |
| Cash at bank and in hand | 54/58 | €8,771 | €4,793 | -€3,978 | -45.4% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,415 | +€67 | +5.0% |
| Total equity and liabilities | 10/49 | €203,432 | €167,927 | -€35,505 | -17.5% |
| Equity | 10/15 | €48,846 | €49,000 | +€154 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,646 | €42,800 | +€154 | +0.4% |
| Distributable reserves | 133 | €42,646 | €42,800 | +€154 | +0.4% |
| Amounts payable | 17/49 | €154,586 | €118,927 | -€35,659 | -23.1% |
| Amounts payable after more than one year | 17 | €79,355 | €49,775 | -€29,580 | -37.3% |
| Financial debts | 170/4 | €79,355 | €49,775 | -€29,580 | -37.3% |
| Amounts payable within one year | 42/48 | €75,231 | €69,152 | -€6,079 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €33,916 | €29,581 | -€4,335 | -12.8% |
| Trade debts | 44 | €4,725 | €3,747 | -€978 | -20.7% |
| Suppliers | 440/4 | €4,725 | €3,747 | -€978 | -20.7% |
| Taxes, remuneration and social security | 45 | €8,477 | €11,733 | +€3,256 | +38.4% |
| Taxes | 450/3 | €8,477 | €9,065 | +€588 | +6.9% |
| Remuneration and social security | 454/9 | - | €2,668 | +€2,668 | |
| Other amounts payable | 47/48 | €28,113 | €24,091 | -€4,022 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,026 | €32,070 | +€44 | +0.1% |
| Other operating charges | 640/8 | €802 | €706 | -€96 | -12.0% |
| Gross operating margin | 9900 | €42,284 | €38,346 | -€3,938 | -9.3% |
| Operating profit (loss) | 9901 | €9,456 | €5,570 | -€3,886 | -41.1% |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €5,204 | €4,390 | -€814 | -15.6% |
| Recurring financial charges | 65 | €5,204 | €4,390 | -€814 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €4,311 | €1,180 | -€3,131 | -72.6% |
| Income taxes | 67/77 | €1,442 | €1,026 | -€416 | -28.8% |
| Profit (loss) for the period | 9904 | €2,869 | €154 | -€2,715 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,869 | €154 | -€2,715 | -94.6% |
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 11 October 2026 via checked.be.