GDBA: 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.
GDBA
Largest movements
- Cash +€115,964
up €115,964 (+74.5%), from €155,731 to €271,695
mainly Net result for the year (+€92,146) and Tax, wage and social debts (+€44,904)
- Receivables within one year -€5,472
down €5,472 (-11.6%), from €47,128 to €41,656
of which Trade receivables: -€3,025
- Tangible fixed assets -€5,052
down €5,052 (-20.4%), from €24,790 to €19,738
- Reserves +€92,146
up €92,146 (+59.1%), from €156,010 to €248,155
of which Distributable reserves: +€92,146
- Tax, wage and social debts +€44,904
up €44,904 (+282.9%), from €15,874 to €60,778
of which Taxes: +€41,904
- Trade debts -€27,113
down €27,113 (-98.2%), from €27,607 to €494
- Debts after one year -€9,000
down €9,000 (-40.0%), from €22,500 to €13,500
- Current portion of long-term debt +€4,500
new in 2024: €4,500
- Gross operating margin +€52,475
up €52,475 (+60.3%), from €86,959 to €139,434
- Taxes +€25,380
up €25,380 (+159.9%), from €15,875 to €41,255
- Depreciation +€4,765
up €4,765 (+1658.8%), from €287 to €5,052
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,191 | €333,628 | +€105,437 | +46.2% |
| Fixed assets | 21/28 | €24,882 | €19,830 | -€5,052 | -20.3% |
| Tangible fixed assets | 22/27 | €24,790 | €19,738 | -€5,052 | -20.4% |
| Furniture and vehicles | 24 | €24,790 | €19,738 | -€5,052 | -20.4% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €203,309 | €313,797 | +€110,489 | +54.3% |
| Amounts receivable within one year | 40/41 | €47,128 | €41,656 | -€5,472 | -11.6% |
| Trade receivables | 40 | €3,025 | - | -€3,025 | |
| Other amounts receivable | 41 | €44,103 | €41,656 | -€2,447 | -5.5% |
| Cash at bank and in hand | 54/58 | €155,731 | €271,695 | +€115,964 | +74.5% |
| Deferred charges and accrued income | 490/1 | €450 | €446 | -€4 | -0.8% |
| Total equity and liabilities | 10/49 | €228,191 | €333,628 | +€105,437 | +46.2% |
| Equity | 10/15 | €162,210 | €254,355 | +€92,146 | +56.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €156,010 | €248,155 | +€92,146 | +59.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €154,150 | €246,295 | +€92,146 | +59.8% |
| Amounts payable | 17/49 | €65,981 | €79,272 | +€13,291 | +20.1% |
| Amounts payable after more than one year | 17 | €22,500 | €13,500 | -€9,000 | -40.0% |
| Financial debts | 170/4 | €22,500 | €13,500 | -€9,000 | -40.0% |
| Amounts payable within one year | 42/48 | €43,481 | €65,772 | +€22,291 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,500 | +€4,500 | |
| Trade debts | 44 | €27,607 | €494 | -€27,113 | -98.2% |
| Suppliers | 440/4 | €27,607 | €494 | -€27,113 | -98.2% |
| Taxes, remuneration and social security | 45 | €15,874 | €60,778 | +€44,904 | +282.9% |
| Taxes | 450/3 | €15,874 | €57,778 | +€41,904 | +264.0% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | - | €1,239 | +€1,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €5,052 | +€4,765 | +1658.8% |
| Other operating charges | 640/8 | €858 | €231 | -€627 | -73.1% |
| Gross operating margin | 9900 | €86,959 | €139,434 | +€52,475 | +60.3% |
| Operating profit (loss) | 9901 | €85,813 | €134,151 | +€48,338 | +56.3% |
| Financial charges | 65/66B | €255 | €750 | +€495 | +193.9% |
| Recurring financial charges | 65 | €255 | €750 | +€495 | +193.9% |
| Profit (loss) for the period before taxes | 9903 | €85,558 | €133,401 | +€47,843 | +55.9% |
| Income taxes | 67/77 | €15,875 | €41,255 | +€25,380 | +159.9% |
| Profit (loss) for the period | 9904 | €69,683 | €92,146 | +€22,463 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,683 | €92,146 | +€22,463 | +32.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.