GDB Metal: 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 Metal
Largest movements
- Tangible fixed assets +€31,203
up €31,203 (+504%), from €6,189 to €37,391
of which Furniture and vehicles: +€27,352
- Cash -€7,613
down €7,613 (-34.4%), from €22,110 to €14,497
mainly Investment in fixed assets (net) (-€35,288) and Tax, wage and social debts (-€10,355)
- Receivables within one year -€2,151
down €2,151 (-11.3%), from €19,077 to €16,926
- Deferred charges and accrued income -€918
down €918 (-65.2%), from €1,408 to €490
- Debts after one year +€17,355
new in 2025: €17,355
- Tax, wage and social debts -€10,355
down €10,355 (-66.9%), from €15,480 to €5,126
of which Taxes: -€10,355
- Current portion of long-term debt +€9,917
new in 2025: €9,917
- Trade debts +€2,530
up €2,530 (+180%), from €1,402 to €3,932
- Other debts +€791
up €791 (+4.8%), from €16,472 to €17,263
- Gross operating margin -€18,272
down €18,272 (-74.1%), from €24,659 to €6,387
- Taxes -€5,692
down €5,692 (-99.8%), from €5,705 to €13
- Depreciation +€2,079
up €2,079 (+103%), from €2,026 to €4,105
- Financial charges +€549
up €549 (+67.0%), from €819 to €1,369
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 | €48,869 | €69,370 | +€20,502 | +42.0% |
| Fixed assets | 21/28 | €6,274 | €37,457 | +€31,183 | +497% |
| Intangible fixed assets | 21 | €85 | €65 | -€20 | -23.5% |
| Tangible fixed assets | 22/27 | €6,189 | €37,391 | +€31,203 | +504% |
| Plant, machinery and equipment | 23 | €3,019 | €6,870 | +€3,851 | +128% |
| Furniture and vehicles | 24 | €3,170 | €30,522 | +€27,352 | +863% |
| Current assets | 29/58 | €42,595 | €31,914 | -€10,681 | -25.1% |
| Amounts receivable within one year | 40/41 | €19,077 | €16,926 | -€2,151 | -11.3% |
| Trade receivables | 40 | €19,077 | €16,926 | -€2,151 | -11.3% |
| Cash at bank and in hand | 54/58 | €22,110 | €14,497 | -€7,613 | -34.4% |
| Deferred charges and accrued income | 490/1 | €1,408 | €490 | -€918 | -65.2% |
| Total equity and liabilities | 10/49 | €48,869 | €69,370 | +€20,502 | +42.0% |
| Equity | 10/15 | €15,515 | €15,778 | +€263 | +1.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,515 | €14,515 | = | 0.0% |
| Distributable reserves | 133 | €14,515 | €14,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €263 | +€263 | |
| Amounts payable | 17/49 | €33,354 | €53,593 | +€20,239 | +60.7% |
| Amounts payable after more than one year | 17 | - | €17,355 | +€17,355 | |
| Financial debts | 170/4 | - | €17,355 | +€17,355 | |
| Amounts payable within one year | 42/48 | €33,354 | €36,237 | +€2,883 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,917 | +€9,917 | |
| Trade debts | 44 | €1,402 | €3,932 | +€2,530 | +180% |
| Suppliers | 440/4 | €1,402 | €3,932 | +€2,530 | +180% |
| Taxes, remuneration and social security | 45 | €15,480 | €5,126 | -€10,355 | -66.9% |
| Taxes | 450/3 | €12,775 | €2,421 | -€10,355 | -81.1% |
| Remuneration and social security | 454/9 | €2,705 | €2,705 | = | 0.0% |
| Other amounts payable | 47/48 | €16,472 | €17,263 | +€791 | +4.8% |
| Non-recurring operating income | 76A | - | €962 | +€962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,026 | €4,105 | +€2,079 | +103% |
| Other operating charges | 640/8 | €794 | €637 | -€157 | -19.8% |
| Gross operating margin | 9900 | €24,659 | €6,387 | -€18,272 | -74.1% |
| Operating profit (loss) | 9901 | €21,839 | €1,645 | -€20,194 | -92.5% |
| Financial charges | 65/66B | €819 | €1,369 | +€549 | +67.0% |
| Recurring financial charges | 65 | €819 | €1,369 | +€549 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €21,020 | €276 | -€20,743 | -98.7% |
| Income taxes | 67/77 | €5,705 | €13 | -€5,692 | -99.8% |
| Profit (loss) for the period | 9904 | €15,315 | €263 | -€15,052 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,315 | €263 | -€15,052 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.