GDC Gedinne: what changed
What changed
GDC Gedinne
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€16,214
2024 · €83,400-€99,615
Equity
€194,270
2024 · €237,684-€43,414
Cash
€36,642
2024 · €38,015-€1,373
Balance sheet total
€1.3m
2024 · €783,681+€561,935
Largest movements
Assets
- Tangible fixed assets +€518,294
up €518,294 (+108%), from €478,872 to €997,166
of which Land and buildings: +€425,891
- Receivables within one year +€31,039
up €31,039 (+15.6%), from €198,928 to €229,967
of which Other amounts receivable: +€52,143
Equity and liabilities
- Debts after one year +€363,239
up €363,239 (+88.5%), from €410,527 to €773,767
- Short-term financial debts +€179,097
up €179,097 (+4,535%), from €3,949 to €183,046
of which Other loans: +€147,567
- Reserves -€43,414
down €43,414 (-22.2%), from €195,684 to €152,270
of which Distributable reserves: -€43,414
- Trade debts +€41,438
up €41,438 (+1,509%), from €2,747 to €44,185
- Current portion of long-term debt +€38,996
up €38,996 (+54.0%), from €72,199 to €111,195
Income statement
- Other operating charges +€64,241
up €64,241 (+409%), from €15,710 to €79,951
- Staff costs +€47,469
up €47,469 (+38.6%), from €123,084 to €170,553
- Taxes -€31,103
no longer reported in 2025 (was €31,103)
- Depreciation +€19,814
up €19,814 (+35.5%), from €55,753 to €75,567
- Gross operating margin +€14,285
up €14,285 (+4.4%), from €322,383 to €336,668
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,400
Gross operating margin
+€14,285
Staff costs
-€47,469
Depreciation
-€19,814
Other operating charges
-€64,241
Financial income
-€412
Financial charges
-€13,067
Taxes
+€31,103
Result 2025
-€16,214
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,355
Investment
-€593,860
Financing
+€554,132
Cash 2024
€38,015
From operations (derived)
+€38,355
Net result for the year
-€16,214
Depreciation
+€75,567
Stocks and contracts
-€13,052
Receivables within one year
-€31,039
Smaller working-capital items
+€218
Trade debts
+€41,438
Tax, wage and social debts
-€21,854
Other debts
+€3,291
Investment (derived)
-€593,860
Investment in fixed assets (net)
-€593,860
Financing
+€554,132
Debts after one year
+€363,239
Current portion of long-term debt
+€38,996
Short-term financial debts
+€179,097
Contributions, distributions and other
-€27,200
Cash 2025
€36,642
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €783,681 | €1,345,616 | +€561,935 | +71.7% |
| Fixed assets | 21/28 | €478,951 | €997,245 | +€518,294 | +108% |
| Tangible fixed assets | 22/27 | €478,872 | €997,166 | +€518,294 | +108% |
| Land and buildings | 22 | €440,600 | €866,491 | +€425,891 | +96.7% |
| Plant, machinery and equipment | 23 | €34,594 | €128,563 | +€93,969 | +272% |
| Furniture and vehicles | 24 | €3,679 | €2,112 | -€1,567 | -42.6% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €304,730 | €348,371 | +€43,641 | +14.3% |
| Stocks and contracts in progress | 3 | €66,277 | €79,330 | +€13,052 | +19.7% |
| Stocks | 30/36 | €66,277 | €79,330 | +€13,052 | +19.7% |
| Amounts receivable within one year | 40/41 | €198,928 | €229,967 | +€31,039 | +15.6% |
| Trade receivables | 40 | €152,105 | €131,001 | -€21,104 | -13.9% |
| Other amounts receivable | 41 | €46,823 | €98,966 | +€52,143 | +111% |
| Cash at bank and in hand | 54/58 | €38,015 | €36,642 | -€1,373 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,510 | €2,433 | +€923 | +61.2% |
| Total equity and liabilities | 10/49 | €783,681 | €1,345,616 | +€561,935 | +71.7% |
| Equity | 10/15 | €237,684 | €194,270 | -€43,414 | -18.3% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €195,684 | €152,270 | -€43,414 | -22.2% |
| Non-distributable reserves | 130/1 | €1,085 | €1,085 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,085 | €1,085 | = | 0.0% |
| Distributable reserves | 133 | €194,600 | €151,186 | -€43,414 | -22.3% |
| Amounts payable | 17/49 | €545,997 | €1,151,345 | +€605,349 | +111% |
| Amounts payable after more than one year | 17 | €410,527 | €773,767 | +€363,239 | +88.5% |
| Financial debts | 170/4 | €410,527 | €773,767 | +€363,239 | +88.5% |
| Amounts payable within one year | 42/48 | €135,422 | €376,391 | +€240,969 | +178% |
| Current portion of amounts payable after more than one year | 42 | €72,199 | €111,195 | +€38,996 | +54.0% |
| Financial debts | 43 | €3,949 | €183,046 | +€179,097 | +4,535% |
| Credit institutions | 430/8 | - | €31,530 | +€31,530 | |
| Other loans | 439 | €3,949 | €151,516 | +€147,567 | +3,737% |
| Trade debts | 44 | €2,747 | €44,185 | +€41,438 | +1,509% |
| Suppliers | 440/4 | €2,747 | €44,185 | +€41,438 | +1,509% |
| Taxes, remuneration and social security | 45 | €56,527 | €34,673 | -€21,854 | -38.7% |
| Taxes | 450/3 | €41,781 | €7,304 | -€34,477 | -82.5% |
| Remuneration and social security | 454/9 | €14,747 | €27,370 | +€12,623 | +85.6% |
| Other amounts payable | 47/48 | - | €3,291 | +€3,291 | |
| Accrued charges and deferred income | 492/3 | €47 | €1,188 | +€1,141 | +2,417% |
| Non-recurring operating income | 76A | €2,000 | €7,498 | +€5,498 | +275% |
| Remuneration, social security and pensions | 62 | €123,084 | €170,553 | +€47,469 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,753 | €75,567 | +€19,814 | +35.5% |
| Other operating charges | 640/8 | €15,710 | €79,951 | +€64,241 | +409% |
| Gross operating margin | 9900 | €322,383 | €336,668 | +€14,285 | +4.4% |
| Operating profit (loss) | 9901 | €127,836 | €10,597 | -€117,239 | -91.7% |
| Financial income | 75/76B | €1,226 | €814 | -€412 | -33.6% |
| Recurring financial income | 75 | €1,226 | €814 | -€412 | -33.6% |
| Financial charges | 65/66B | €14,558 | €27,625 | +€13,067 | +89.8% |
| Recurring financial charges | 65 | €14,558 | €27,625 | +€13,067 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €114,504 | -€16,214 | -€130,718 | |
| Income taxes | 67/77 | €31,103 | - | -€31,103 | |
| Profit (loss) for the period | 9904 | €83,400 | -€16,214 | -€99,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,400 | -€16,214 | -€99,615 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.