GDC Services: what changed
Two fiscal 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 Services
Largest movements
- Receivables within one year +€40,359
up €40,359 (+648.6%), from €6,222 to €46,581
of which Other amounts receivable: +€42,388
- Cash -€1,571
down €1,571 (-38.2%), from €4,115 to €2,544
mainly Receivables within one year (-€40,359) and Other debts (-€24,307)
- Deferred charges and accrued income -€1,244
down €1,244 (-94.9%), from €1,310 to €67
- Tangible fixed assets -€939
down €939 (-23.5%), from €3,991 to €3,052
of which Furniture and vehicles: -€496
- Stocks and contracts -€846
down €846 (-3.1%), from €27,314 to €26,468
- Reserves +€33,745
up €33,745 (+2499.2%), from €1,350 to €35,095
- Other debts -€24,307
no longer reported in 2025 (was €24,307)
- Current portion of long-term debt +€17,754
new in 2025: €17,754
- Debts after one year +€11,987
new in 2025: €11,987
- Tax, wage and social debts -€3,318
down €3,318 (-30.6%), from €10,853 to €7,536
of which Taxes: -€3,618
- Gross operating margin +€62,023
up €62,023 (+272.3%), from €22,778 to €84,801
- Other operating charges +€29,378
up €29,378 (+2837.9%), from €1,035 to €30,413
- Taxes +€18,010
up €18,010 (+16232.1%), from €111 to €18,121
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 | €43,733 | €79,492 | +€35,759 | +81.8% |
| Fixed assets | 21/28 | €4,771 | €3,832 | -€939 | -19.7% |
| Tangible fixed assets | 22/27 | €3,991 | €3,052 | -€939 | -23.5% |
| Plant, machinery and equipment | 23 | €1,652 | €1,209 | -€443 | -26.8% |
| Furniture and vehicles | 24 | €2,339 | €1,843 | -€496 | -21.2% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €38,962 | €75,660 | +€36,698 | +94.2% |
| Stocks and contracts in progress | 3 | €27,314 | €26,468 | -€846 | -3.1% |
| Stocks | 30/36 | €27,314 | €26,468 | -€846 | -3.1% |
| Amounts receivable within one year | 40/41 | €6,222 | €46,581 | +€40,359 | +648.6% |
| Trade receivables | 40 | €4,439 | €2,410 | -€2,029 | -45.7% |
| Other amounts receivable | 41 | €1,783 | €44,171 | +€42,388 | +2377.6% |
| Cash at bank and in hand | 54/58 | €4,115 | €2,544 | -€1,571 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,310 | €67 | -€1,244 | -94.9% |
| Total equity and liabilities | 10/49 | €43,733 | €79,492 | +€35,759 | +81.8% |
| Equity | 10/15 | €5,264 | €41,295 | +€36,031 | +684.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,350 | €35,095 | +€33,745 | +2499.2% |
| Distributable reserves | 133 | €1,350 | €35,095 | +€33,745 | +2499.2% |
| Profit (loss) carried forward | 14 | -€2,287 | - | +€2,287 | |
| Amounts payable | 17/49 | €38,470 | €38,197 | -€273 | -0.7% |
| Amounts payable after more than one year | 17 | - | €11,987 | +€11,987 | |
| Financial debts | 170/4 | - | €11,987 | +€11,987 | |
| Amounts payable within one year | 42/48 | €38,470 | €26,210 | -€12,260 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €17,754 | +€17,754 | |
| Trade debts | 44 | €3,310 | €920 | -€2,389 | -72.2% |
| Suppliers | 440/4 | €3,310 | €920 | -€2,389 | -72.2% |
| Taxes, remuneration and social security | 45 | €10,853 | €7,536 | -€3,318 | -30.6% |
| Taxes | 450/3 | €9,353 | €5,736 | -€3,618 | -38.7% |
| Remuneration and social security | 454/9 | €1,500 | €1,800 | +€300 | +20.0% |
| Other amounts payable | 47/48 | €24,307 | - | -€24,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €939 | +€356 | +61.1% |
| Other operating charges | 640/8 | €1,035 | €30,413 | +€29,378 | +2837.9% |
| Gross operating margin | 9900 | €22,778 | €84,801 | +€62,023 | +272.3% |
| Operating profit (loss) | 9901 | €21,161 | €53,449 | +€32,289 | +152.6% |
| Financial income | 75/76B | €621 | €1,396 | +€775 | +124.9% |
| Recurring financial income | 75 | €621 | €1,396 | +€775 | +124.9% |
| Financial charges | 65/66B | €173 | €694 | +€521 | +300.5% |
| Recurring financial charges | 65 | €173 | €694 | +€521 | +300.5% |
| Profit (loss) for the period before taxes | 9903 | €21,608 | €54,152 | +€32,544 | +150.6% |
| Income taxes | 67/77 | €111 | €18,121 | +€18,010 | +16232.1% |
| Profit (loss) for the period | 9904 | €21,497 | €36,031 | +€14,534 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,497 | €36,031 | +€14,534 | +67.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.