GDC Concepts: 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 Concepts
Largest movements
- Tangible fixed assets +€21,652
up €21,652 (+119.3%), from €18,153 to €39,805
of which Furniture and vehicles: +€22,419
- Cash +€14,670
up €14,670 (+21.0%), from €69,952 to €84,622
mainly Net result for the year (+€35,156) and Depreciation (+€10,948)
- Receivables within one year +€8,088
up €8,088 (+71.1%), from €11,373 to €19,461
of which Trade receivables: +€7,208
- Profit (loss) carried forward +€35,156
up €35,156 (+86.1%), from €40,832 to €75,988
- Tax, wage and social debts +€7,265
up €7,265 (+53.1%), from €13,679 to €20,944
of which Taxes: +€8,954
- Trade debts +€1,451
new in 2025: €1,451
- Depreciation +€4,471
up €4,471 (+69.0%), from €6,477 to €10,948
- Gross operating margin -€2,556
down €2,556 (-4.4%), from €57,740 to €55,184
- Taxes -€1,355
down €1,355 (-13.2%), from €10,290 to €8,935
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 | €99,696 | €143,889 | +€44,193 | +44.3% |
| Fixed assets | 21/28 | €18,153 | €39,805 | +€21,652 | +119.3% |
| Tangible fixed assets | 22/27 | €18,153 | €39,805 | +€21,652 | +119.3% |
| Plant, machinery and equipment | 23 | €1,533 | €767 | -€766 | -50.0% |
| Furniture and vehicles | 24 | €16,620 | €39,039 | +€22,419 | +134.9% |
| Current assets | 29/58 | €81,543 | €104,084 | +€22,541 | +27.6% |
| Stocks and contracts in progress | 3 | €218 | - | -€218 | |
| Stocks | 30/36 | €218 | - | -€218 | |
| Amounts receivable within one year | 40/41 | €11,373 | €19,461 | +€8,088 | +71.1% |
| Trade receivables | 40 | €11,121 | €18,329 | +€7,208 | +64.8% |
| Other amounts receivable | 41 | €252 | €1,132 | +€880 | +349.1% |
| Cash at bank and in hand | 54/58 | €69,952 | €84,622 | +€14,670 | +21.0% |
| Total equity and liabilities | 10/49 | €99,696 | €143,889 | +€44,193 | +44.3% |
| Equity | 10/15 | €50,832 | €85,988 | +€35,156 | +69.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,832 | €75,988 | +€35,156 | +86.1% |
| Amounts payable | 17/49 | €48,864 | €57,901 | +€9,037 | +18.5% |
| Amounts payable within one year | 42/48 | €48,364 | €57,901 | +€9,537 | +19.7% |
| Trade debts | 44 | - | €1,451 | +€1,451 | |
| Suppliers | 440/4 | - | €1,451 | +€1,451 | |
| Taxes, remuneration and social security | 45 | €13,679 | €20,944 | +€7,265 | +53.1% |
| Taxes | 450/3 | €10,290 | €19,244 | +€8,954 | +87.0% |
| Remuneration and social security | 454/9 | €3,389 | €1,701 | -€1,688 | -49.8% |
| Other amounts payable | 47/48 | €34,685 | €35,505 | +€820 | +2.4% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,477 | €10,948 | +€4,471 | +69.0% |
| Other operating charges | 640/8 | €141 | €19 | -€122 | -86.7% |
| Gross operating margin | 9900 | €57,740 | €55,184 | -€2,556 | -4.4% |
| Operating profit (loss) | 9901 | €51,122 | €44,218 | -€6,904 | -13.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €127 | +€127 | |
| Recurring financial charges | 65 | - | €127 | +€127 | |
| Profit (loss) for the period before taxes | 9903 | €51,122 | €44,091 | -€7,031 | -13.8% |
| Income taxes | 67/77 | €10,290 | €8,935 | -€1,355 | -13.2% |
| Profit (loss) for the period | 9904 | €40,832 | €35,156 | -€5,676 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,832 | €35,156 | -€5,676 | -13.9% |
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 12 October 2026 via checked.be.