GdC Patrimoine: what changed
What changed
GdC Patrimoine
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€4,521
2024 · €6,706-€2,186
Equity
€32,807
2024 · €28,286+€4,521
Cash
-
2024 · €17,357-€17,357
Balance sheet total
€61,733
2024 · €81,680-€19,947
Largest movements
Assets
- Cash -€17,357
no longer reported in 2025 (was €17,357)
mainly Other debts (-€28,253) and Investment in fixed assets (net) (-€1,695)
- Receivables within one year -€2,302
down €2,302 (-38.6%), from €5,967 to €3,665
Equity and liabilities
- Other debts -€28,253
down €28,253 (-58.0%), from €48,745 to €20,492
- Profit (loss) carried forward +€4,521
up €4,521 (+16.3%), from €27,786 to €32,307
- Short-term financial debts +€4,220
new in 2025: €4,220
Income statement
- Gross operating margin -€4,297
down €4,297 (-30.8%), from €13,937 to €9,640
- Depreciation -€2,009
down €2,009 (-49.8%), from €4,036 to €2,027
- Taxes -€541
down €541 (-31.4%), from €1,724 to €1,182
- Other operating charges +€390
up €390 (+26.0%), from €1,503 to €1,893
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
€6,706
Gross operating margin
-€4,297
Depreciation
+€2,009
Other operating charges
-€390
Financial income
-€11
Financial charges
-€38
Taxes
+€541
Result 2025
€4,521
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
-€19,432
Investment
-€1,695
Financing
+€3,770
Cash 2024
€17,357
From operations (derived)
-€19,432
Net result for the year
+€4,521
Depreciation
+€2,027
Receivables within one year
+€2,302
Deferred charges and accrued income
-€43
Trade debts
+€635
Tax, wage and social debts
-€620
Other debts
-€28,253
Investment (derived)
-€1,695
Investment in fixed assets (net)
-€1,695
Financing
+€3,770
Debts after one year
-€450
Short-term financial debts
+€4,220
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,680 | €61,733 | -€19,947 | -24.4% |
| Fixed assets | 21/28 | €58,356 | €58,024 | -€332 | -0.6% |
| Tangible fixed assets | 22/27 | €58,356 | €58,024 | -€332 | -0.6% |
| Land and buildings | 22 | €58,356 | €56,889 | -€1,467 | -2.5% |
| Furniture and vehicles | 24 | - | €1,135 | +€1,135 | |
| Current assets | 29/58 | €23,324 | €3,709 | -€19,615 | -84.1% |
| Amounts receivable within one year | 40/41 | €5,967 | €3,665 | -€2,302 | -38.6% |
| Other amounts receivable | 41 | €5,967 | €3,665 | -€2,302 | -38.6% |
| Cash at bank and in hand | 54/58 | €17,357 | - | -€17,357 | |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €81,680 | €61,733 | -€19,947 | -24.4% |
| Equity | 10/15 | €28,286 | €32,807 | +€4,521 | +16.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,786 | €32,307 | +€4,521 | +16.3% |
| Amounts payable | 17/49 | €53,393 | €28,926 | -€24,468 | -45.8% |
| Amounts payable after more than one year | 17 | €450 | - | -€450 | |
| Other amounts payable | 178/9 | €450 | - | -€450 | |
| Amounts payable within one year | 42/48 | €52,943 | €28,926 | -€24,018 | -45.4% |
| Financial debts | 43 | - | €4,220 | +€4,220 | |
| Credit institutions | 430/8 | - | €4,220 | +€4,220 | |
| Trade debts | 44 | €941 | €1,576 | +€635 | +67.4% |
| Suppliers | 440/4 | €941 | €1,576 | +€635 | +67.4% |
| Taxes, remuneration and social security | 45 | €3,257 | €2,637 | -€620 | -19.0% |
| Taxes | 450/3 | €3,257 | €2,637 | -€620 | -19.0% |
| Other amounts payable | 47/48 | €48,745 | €20,492 | -€28,253 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,036 | €2,027 | -€2,009 | -49.8% |
| Other operating charges | 640/8 | €1,503 | €1,893 | +€390 | +26.0% |
| Gross operating margin | 9900 | €13,937 | €9,640 | -€4,297 | -30.8% |
| Operating profit (loss) | 9901 | €8,398 | €5,721 | -€2,678 | -31.9% |
| Financial income | 75/76B | €70 | €59 | -€11 | -15.6% |
| Recurring financial income | 75 | €70 | €59 | -€11 | -15.6% |
| Financial charges | 65/66B | €39 | €77 | +€38 | +96.7% |
| Recurring financial charges | 65 | €39 | €77 | +€38 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €8,430 | €5,703 | -€2,727 | -32.3% |
| Income taxes | 67/77 | €1,724 | €1,182 | -€541 | -31.4% |
| Profit (loss) for the period | 9904 | €6,706 | €4,521 | -€2,186 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,706 | €4,521 | -€2,186 | -32.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.