GDB Freelance: 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 Freelance
Largest movements
- Cash +€7,409
up €7,409 (+10.8%), from €68,413 to €75,822
mainly Net result for the year (+€21,896) and Depreciation (+€4,038)
- Receivables within one year +€5,728
up €5,728 (+26.6%), from €21,531 to €27,259
of which Other amounts receivable: +€3,649
- Tangible fixed assets -€4,038
down €4,038 (-26.3%), from €15,350 to €11,312
of which Furniture and vehicles: -€2,302
- Reserves +€7,615
up €7,615 (+10.2%), from €74,522 to €82,138
- Trade debts +€3,256
up €3,256 (+171%), from €1,910 to €5,165
- Tax, wage and social debts -€1,518
down €1,518 (-6.7%), from €22,661 to €21,143
of which Taxes: -€1,650
- Gross operating margin +€799
up €799 (+1.9%), from €42,312 to €43,111
- Financial charges -€725
down €725 (-28.6%), from €2,539 to €1,814
- Financial income +€522
up €522 (+698%), from €75 to €597
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 | €105,293 | €114,646 | +€9,353 | +8.9% |
| Fixed assets | 21/28 | €15,350 | €11,312 | -€4,038 | -26.3% |
| Tangible fixed assets | 22/27 | €15,350 | €11,312 | -€4,038 | -26.3% |
| Plant, machinery and equipment | 23 | €1,495 | €873 | -€622 | -41.6% |
| Furniture and vehicles | 24 | €5,564 | €3,262 | -€2,302 | -41.4% |
| Other tangible fixed assets | 26 | €8,291 | €7,177 | -€1,114 | -13.4% |
| Current assets | 29/58 | €89,943 | €103,334 | +€13,391 | +14.9% |
| Amounts receivable within one year | 40/41 | €21,531 | €27,259 | +€5,728 | +26.6% |
| Trade receivables | 40 | €14,215 | €16,293 | +€2,079 | +14.6% |
| Other amounts receivable | 41 | €7,316 | €10,965 | +€3,649 | +49.9% |
| Cash at bank and in hand | 54/58 | €68,413 | €75,822 | +€7,409 | +10.8% |
| Deferred charges and accrued income | 490/1 | - | €254 | +€254 | |
| Total equity and liabilities | 10/49 | €105,293 | €114,646 | +€9,353 | +8.9% |
| Equity | 10/15 | €80,722 | €88,338 | +€7,615 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,522 | €82,138 | +€7,615 | +10.2% |
| Distributable reserves | 133 | €74,522 | €82,138 | +€7,615 | +10.2% |
| Amounts payable | 17/49 | €24,571 | €26,309 | +€1,738 | +7.1% |
| Amounts payable within one year | 42/48 | €24,571 | €26,309 | +€1,738 | +7.1% |
| Trade debts | 44 | €1,910 | €5,165 | +€3,256 | +171% |
| Suppliers | 440/4 | €1,910 | €5,165 | +€3,256 | +171% |
| Taxes, remuneration and social security | 45 | €22,661 | €21,143 | -€1,518 | -6.7% |
| Taxes | 450/3 | €22,661 | €21,012 | -€1,650 | -7.3% |
| Remuneration and social security | 454/9 | - | €131 | +€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,880 | €4,038 | +€158 | +4.1% |
| Other operating charges | 640/8 | €1,166 | €933 | -€234 | -20.0% |
| Non-recurring operating charges | 66A | - | €3,587 | +€3,587 | |
| Gross operating margin | 9900 | €42,312 | €43,111 | +€799 | +1.9% |
| Operating profit (loss) | 9901 | €37,266 | €34,554 | -€2,713 | -7.3% |
| Financial income | 75/76B | €75 | €597 | +€522 | +698% |
| Recurring financial income | 75 | €75 | €597 | +€522 | +698% |
| Financial charges | 65/66B | €2,539 | €1,814 | -€725 | -28.6% |
| Recurring financial charges | 65 | €2,539 | €1,814 | -€725 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €34,802 | €33,336 | -€1,465 | -4.2% |
| Income taxes | 67/77 | €11,317 | €11,440 | +€123 | +1.1% |
| Profit (loss) for the period | 9904 | €23,484 | €21,896 | -€1,588 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,484 | €21,896 | -€1,588 | -6.8% |
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 17 October 2026 via checked.be.