GDBK: 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.
GDBK
Largest movements
- Cash +€45,795
up €45,795 (+218%), from €21,027 to €66,822
mainly Net result for the year (+€44,415) and Tax, wage and social debts (+€6,612)
- Receivables within one year +€6,398
up €6,398 (+52.9%), from €12,100 to €18,498
- Profit (loss) carried forward +€44,415
up €44,415 (+271%), from €16,372 to €60,786
- Tax, wage and social debts +€6,612
up €6,612 (+51.3%), from €12,892 to €19,505
of which Taxes: +€9,112
- Accrued charges and deferred income +€1,600
new in 2025: €1,600
- Gross operating margin +€34,636
up €34,636 (+159%), from €21,761 to €56,397
- Taxes +€7,080
up €7,080 (+173%), from €4,093 to €11,173
- Depreciation -€614
down €614 (-69.7%), from €882 to €268
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 | €33,127 | €86,126 | +€52,999 | +160% |
| Fixed assets | 21/28 | €0 | €806 | +€806 | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | - | €806 | +€806 | |
| Furniture and vehicles | 24 | - | €806 | +€806 | |
| Current assets | 29/58 | €33,127 | €85,320 | +€52,193 | +158% |
| Amounts receivable within one year | 40/41 | €12,100 | €18,498 | +€6,398 | +52.9% |
| Trade receivables | 40 | €12,100 | €18,498 | +€6,398 | +52.9% |
| Cash at bank and in hand | 54/58 | €21,027 | €66,822 | +€45,795 | +218% |
| Total equity and liabilities | 10/49 | €33,127 | €86,126 | +€52,999 | +160% |
| Equity | 10/15 | €17,372 | €61,786 | +€44,415 | +256% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,372 | €60,786 | +€44,415 | +271% |
| Amounts payable | 17/49 | €15,755 | €24,340 | +€8,584 | +54.5% |
| Amounts payable within one year | 42/48 | €15,755 | €22,740 | +€6,984 | +44.3% |
| Trade debts | 44 | €2,595 | €3,137 | +€542 | +20.9% |
| Suppliers | 440/4 | €2,595 | €3,137 | +€542 | +20.9% |
| Taxes, remuneration and social security | 45 | €12,892 | €19,505 | +€6,612 | +51.3% |
| Taxes | 450/3 | €10,392 | €19,505 | +€9,112 | +87.7% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €268 | €98 | -€170 | -63.4% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882 | €268 | -€614 | -69.7% |
| Other operating charges | 640/8 | €400 | €463 | +€63 | +15.9% |
| Gross operating margin | 9900 | €21,761 | €56,397 | +€34,636 | +159% |
| Operating profit (loss) | 9901 | €20,479 | €55,666 | +€35,187 | +172% |
| Financial charges | 65/66B | €14 | €78 | +€64 | +450% |
| Recurring financial charges | 65 | €14 | €78 | +€64 | +450% |
| Profit (loss) for the period before taxes | 9903 | €20,465 | €55,588 | +€35,123 | +172% |
| Income taxes | 67/77 | €4,093 | €11,173 | +€7,080 | +173% |
| Profit (loss) for the period | 9904 | €16,372 | €44,415 | +€28,043 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €16,372 | €44,415 | +€28,043 | +171% |
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 15 October 2026 via checked.be.