GDC: what changed
Two fiscal 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.
GDC
Largest movements
- Cash +€16,823
up €16,823 (+22.5%), from €74,778 to €91,601
mainly Net result for the year (+€30,122) and Depreciation (+€1,062)
- Tangible fixed assets +€3,348
up €3,348 (+155.3%), from €2,156 to €5,504
of which Plant, machinery and equipment: +€3,840
- Reserves +€30,122
up €30,122 (+58.1%), from €51,803 to €81,925
- Tax, wage and social debts -€6,455
down €6,455 (-31.1%), from €20,752 to €14,296
- Other debts -€2,325
down €2,325 (-39.5%), from €5,884 to €3,559
- Gross operating margin -€2,659
down €2,659 (-6.1%), from €43,250 to €40,592
- Depreciation +€760
up €760 (+251.4%), from €302 to €1,062
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 | €86,462 | €107,101 | +€20,639 | +23.9% |
| Fixed assets | 21/28 | €2,156 | €5,504 | +€3,348 | +155.3% |
| Tangible fixed assets | 22/27 | €2,156 | €5,504 | +€3,348 | +155.3% |
| Plant, machinery and equipment | 23 | - | €3,840 | +€3,840 | |
| Furniture and vehicles | 24 | €2,156 | €1,664 | -€492 | -22.8% |
| Current assets | 29/58 | €84,306 | €101,597 | +€17,291 | +20.5% |
| Amounts receivable within one year | 40/41 | €9,528 | €9,996 | +€468 | +4.9% |
| Trade receivables | 40 | €9,528 | €9,996 | +€468 | +4.9% |
| Cash at bank and in hand | 54/58 | €74,778 | €91,601 | +€16,823 | +22.5% |
| Total equity and liabilities | 10/49 | €86,462 | €107,101 | +€20,639 | +23.9% |
| Equity | 10/15 | €56,803 | €86,925 | +€30,122 | +53.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,803 | €81,925 | +€30,122 | +58.1% |
| Distributable reserves | 133 | €51,803 | €81,925 | +€30,122 | +58.1% |
| Amounts payable | 17/49 | €29,659 | €20,176 | -€9,483 | -32.0% |
| Amounts payable within one year | 42/48 | €27,779 | €18,296 | -€9,483 | -34.1% |
| Trade debts | 44 | €1,143 | €441 | -€703 | -61.5% |
| Suppliers | 440/4 | €1,143 | €441 | -€703 | -61.5% |
| Taxes, remuneration and social security | 45 | €20,752 | €14,296 | -€6,455 | -31.1% |
| Taxes | 450/3 | €20,752 | €14,296 | -€6,455 | -31.1% |
| Other amounts payable | 47/48 | €5,884 | €3,559 | -€2,325 | -39.5% |
| Accrued charges and deferred income | 492/3 | €1,880 | €1,880 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €1,062 | +€760 | +251.4% |
| Other operating charges | 640/8 | €297 | €150 | -€147 | -49.6% |
| Gross operating margin | 9900 | €43,250 | €40,592 | -€2,659 | -6.1% |
| Operating profit (loss) | 9901 | €42,651 | €39,380 | -€3,271 | -7.7% |
| Financial income | 75/76B | €0 | €2 | +€1 | +295.5% |
| Recurring financial income | 75 | €0 | €2 | +€1 | +295.5% |
| Financial charges | 65/66B | €133 | €131 | -€2 | -1.7% |
| Recurring financial charges | 65 | €133 | €131 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €42,518 | €39,251 | -€3,268 | -7.7% |
| Income taxes | 67/77 | €9,396 | €9,129 | -€267 | -2.8% |
| Profit (loss) for the period | 9904 | €33,123 | €30,122 | -€3,001 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,123 | €30,122 | -€3,001 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.