GDC RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year +€21,208
up €21,208 (+66.7%), from €31,776 to €52,984
of which Trade receivables: +€23,374
- Tangible fixed assets -€17,799
down €17,799 (-9.2%), from €194,264 to €176,464
- Stocks and contracts -€6,481
down €6,481 (-40.5%), from €16,013 to €9,532
- Cash +€4,816
up €4,816 (+51.1%), from €9,417 to €14,233
mainly Depreciation (+€17,799) and Trade debts (+€13,668)
- Deferred charges and accrued income +€3,450
up €3,450 (+863%), from €400 to €3,850
- Trade debts +€13,668
up €13,668 (+51.6%), from €26,490 to €40,158
- Other debts -€8,350
down €8,350 (-7.7%), from €107,764 to €99,414
- Gross operating margin -€8,569
down €8,569 (-27.7%), from €30,901 to €22,333
- Depreciation -€6,472
down €6,472 (-26.7%), from €24,271 to €17,799
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 | €251,870 | €257,064 | +€5,194 | +2.1% |
| Fixed assets | 21/28 | €194,264 | €176,464 | -€17,799 | -9.2% |
| Tangible fixed assets | 22/27 | €194,264 | €176,464 | -€17,799 | -9.2% |
| Land and buildings | 22 | €116,895 | €109,660 | -€7,235 | -6.2% |
| Plant, machinery and equipment | 23 | €26,276 | €20,423 | -€5,853 | -22.3% |
| Furniture and vehicles | 24 | €51,092 | €46,382 | -€4,711 | -9.2% |
| Current assets | 29/58 | €57,606 | €80,599 | +€22,993 | +39.9% |
| Stocks and contracts in progress | 3 | €16,013 | €9,532 | -€6,481 | -40.5% |
| Stocks | 30/36 | €16,013 | €9,532 | -€6,481 | -40.5% |
| Amounts receivable within one year | 40/41 | €31,776 | €52,984 | +€21,208 | +66.7% |
| Trade receivables | 40 | €27,597 | €50,971 | +€23,374 | +84.7% |
| Other amounts receivable | 41 | €4,179 | €2,014 | -€2,165 | -51.8% |
| Cash at bank and in hand | 54/58 | €9,417 | €14,233 | +€4,816 | +51.1% |
| Deferred charges and accrued income | 490/1 | €400 | €3,850 | +€3,450 | +863% |
| Total equity and liabilities | 10/49 | €251,870 | €257,064 | +€5,194 | +2.1% |
| Equity | 10/15 | €115,295 | €115,295 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €96,745 | €96,745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €94,890 | €94,890 | = | 0.0% |
| Amounts payable | 17/49 | €136,575 | €141,769 | +€5,194 | +3.8% |
| Amounts payable within one year | 42/48 | €136,575 | €141,769 | +€5,194 | +3.8% |
| Trade debts | 44 | €26,490 | €40,158 | +€13,668 | +51.6% |
| Suppliers | 440/4 | €26,490 | €40,158 | +€13,668 | +51.6% |
| Taxes, remuneration and social security | 45 | €2,322 | €2,198 | -€124 | -5.3% |
| Taxes | 450/3 | €2,322 | €2,198 | -€124 | -5.3% |
| Other amounts payable | 47/48 | €107,764 | €99,414 | -€8,350 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,271 | €17,799 | -€6,472 | -26.7% |
| Other operating charges | 640/8 | €3,050 | €2,753 | -€297 | -9.7% |
| Gross operating margin | 9900 | €30,901 | €22,333 | -€8,569 | -27.7% |
| Operating profit (loss) | 9901 | €3,581 | €1,780 | -€1,801 | -50.3% |
| Financial income | 75/76B | €349 | €117 | -€232 | -66.5% |
| Recurring financial income | 75 | €349 | €117 | -€232 | -66.5% |
| Financial charges | 65/66B | €366 | €162 | -€204 | -55.8% |
| Recurring financial charges | 65 | €366 | €162 | -€204 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €3,564 | €1,735 | -€1,828 | -51.3% |
| Income taxes | 67/77 | €1,453 | €1,155 | -€298 | -20.5% |
| Profit (loss) for the period | 9904 | €2,110 | €580 | -€1,530 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,110 | €580 | -€1,530 | -72.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.