GDC: 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.
GDC
Largest movements
- Cash +€13,124
up €13,124 (+52.2%), from €25,163 to €38,287
mainly Receivables within one year (+€12,751) and Net result for the year (+€6,478)
- Receivables within one year -€12,751
down €12,751 (-100.0%), from €12,752 to €1
of which Trade receivables: -€11,743
- Tangible fixed assets +€3,899
up €3,899 (+309%), from €1,262 to €5,160
- Financial fixed assets +€2,700
new in 2025: €2,700
- Profit (loss) carried forward +€6,478
up €6,478 (+21.5%), from €30,131 to €36,609
- Other debts +€1,800
new in 2025: €1,800
- Trade debts -€1,187
down €1,187 (-70.5%), from €1,683 to €496
- Gross operating margin -€8,717
down €8,717 (-43.1%), from €20,229 to €11,511
- Depreciation +€1,422
up €1,422 (+393%), from €362 to €1,784
- Taxes -€1,359
down €1,359 (-32.7%), from €4,148 to €2,790
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 | €39,176 | €46,148 | +€6,972 | +17.8% |
| Fixed assets | 21/28 | €1,262 | €7,860 | +€6,599 | +523% |
| Tangible fixed assets | 22/27 | €1,262 | €5,160 | +€3,899 | +309% |
| Furniture and vehicles | 24 | €1,262 | €5,160 | +€3,899 | +309% |
| Financial fixed assets | 28 | - | €2,700 | +€2,700 | |
| Current assets | 29/58 | €37,914 | €38,288 | +€374 | +1.0% |
| Amounts receivable within one year | 40/41 | €12,752 | €1 | -€12,751 | -100.0% |
| Trade receivables | 40 | €11,743 | €0 | -€11,743 | -100% |
| Other amounts receivable | 41 | €1,008 | €1 | -€1,007 | -99.9% |
| Cash at bank and in hand | 54/58 | €25,163 | €38,287 | +€13,124 | +52.2% |
| Total equity and liabilities | 10/49 | €39,176 | €46,148 | +€6,972 | +17.8% |
| Equity | 10/15 | €33,131 | €39,609 | +€6,478 | +19.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,131 | €36,609 | +€6,478 | +21.5% |
| Amounts payable | 17/49 | €6,045 | €6,539 | +€494 | +8.2% |
| Amounts payable within one year | 42/48 | €6,045 | €6,539 | +€494 | +8.2% |
| Trade debts | 44 | €1,683 | €496 | -€1,187 | -70.5% |
| Suppliers | 440/4 | €1,683 | €496 | -€1,187 | -70.5% |
| Taxes, remuneration and social security | 45 | €4,362 | €4,243 | -€119 | -2.7% |
| Taxes | 450/3 | €4,362 | €4,243 | -€119 | -2.7% |
| Other amounts payable | 47/48 | - | €1,800 | +€1,800 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €1,784 | +€1,422 | +393% |
| Other operating charges | 640/8 | €321 | €208 | -€113 | -35.3% |
| Non-recurring operating charges | 66A | - | €84 | +€84 | |
| Gross operating margin | 9900 | €20,229 | €11,511 | -€8,717 | -43.1% |
| Operating profit (loss) | 9901 | €19,546 | €9,436 | -€10,110 | -51.7% |
| Financial income | 75/76B | €18 | €2 | -€16 | -88.5% |
| Recurring financial income | 75 | €18 | €2 | -€16 | -88.5% |
| Financial charges | 65/66B | €104 | €170 | +€66 | +63.3% |
| Recurring financial charges | 65 | €104 | €170 | +€66 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €19,459 | €9,268 | -€10,192 | -52.4% |
| Income taxes | 67/77 | €4,148 | €2,790 | -€1,359 | -32.7% |
| Profit (loss) for the period | 9904 | €15,311 | €6,478 | -€8,833 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,311 | €6,478 | -€8,833 | -57.7% |
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 14 October 2026 via checked.be.