GDCauto: 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.
GDCauto
Largest movements
- Stocks and contracts +€838,195
up €838,195 (+26.8%), from €3.1m to €4.0m
- Receivables within one year +€190,336
up €190,336 (+25.5%), from €747,649 to €937,984
of which Trade receivables: +€208,749
- Tangible fixed assets -€85,416
down €85,416 (-4.6%), from €1.9m to €1.8m
of which Land and buildings: -€121,107
- Cash +€74,576
up €74,576 (+34.1%), from €218,787 to €293,363
mainly Debts after one year (+€474,501) and Other debts (+€444,116)
- Debts after one year +€474,501
up €474,501 (+14.6%), from €3.3m to €3.7m
- Other debts +€444,116
up €444,116 (+125.3%), from €354,537 to €798,654
- Reserves +€178,855
up €178,855 (+10.3%), from €1.7m to €1.9m
of which Distributable reserves: +€178,855
- Current portion of long-term debt -€150,548
down €150,548 (-54.5%), from €276,048 to €125,499
- Staff costs +€100,432
up €100,432 (+41.4%), from €242,781 to €343,212
- Financial charges -€45,548
down €45,548 (-26.8%), from €170,022 to €124,475
- Write-downs -€43,396
down €43,396 (-280.0%), from -€15,500 to -€58,896
- Other operating charges +€24,762
up €24,762 (+98.9%), from €25,029 to €49,791
- Taxes -€13,669
down €13,669 (-13.6%), from €100,358 to €86,689
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 | €5,977,915 | €6,997,859 | +€1.0m | +17.1% |
| Fixed assets | 21/28 | €1,871,470 | €1,783,955 | -€87,515 | -4.7% |
| Intangible fixed assets | 21 | €9,243 | €7,144 | -€2,099 | -22.7% |
| Tangible fixed assets | 22/27 | €1,862,190 | €1,776,774 | -€85,416 | -4.6% |
| Land and buildings | 22 | €1,806,169 | €1,685,063 | -€121,107 | -6.7% |
| Plant, machinery and equipment | 23 | €45,591 | €73,577 | +€27,985 | +61.4% |
| Furniture and vehicles | 24 | €10,429 | €18,134 | +€7,705 | +73.9% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €4,106,444 | €5,213,904 | +€1.1m | +27.0% |
| Stocks and contracts in progress | 3 | €3,125,692 | €3,963,886 | +€838,195 | +26.8% |
| Stocks | 30/36 | €3,125,692 | €3,963,886 | +€838,195 | +26.8% |
| Amounts receivable within one year | 40/41 | €747,649 | €937,984 | +€190,336 | +25.5% |
| Trade receivables | 40 | €394,907 | €603,655 | +€208,749 | +52.9% |
| Other amounts receivable | 41 | €352,742 | €334,329 | -€18,413 | -5.2% |
| Cash at bank and in hand | 54/58 | €218,787 | €293,363 | +€74,576 | +34.1% |
| Deferred charges and accrued income | 490/1 | €14,317 | €18,670 | +€4,354 | +30.4% |
| Total equity and liabilities | 10/49 | €5,977,915 | €6,997,859 | +€1.0m | +17.1% |
| Equity | 10/15 | €1,899,910 | €2,078,765 | +€178,855 | +9.4% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €1,737,910 | €1,916,765 | +€178,855 | +10.3% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €1,721,710 | €1,900,565 | +€178,855 | +10.4% |
| Amounts payable | 17/49 | €4,078,004 | €4,919,094 | +€841,090 | +20.6% |
| Amounts payable after more than one year | 17 | €3,260,925 | €3,735,426 | +€474,501 | +14.6% |
| Financial debts | 170/4 | €3,260,925 | €3,735,426 | +€474,501 | +14.6% |
| Amounts payable within one year | 42/48 | €756,268 | €1,115,705 | +€359,438 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €276,048 | €125,499 | -€150,548 | -54.5% |
| Trade debts | 44 | €71,618 | €137,428 | +€65,810 | +91.9% |
| Suppliers | 440/4 | €71,618 | €137,428 | +€65,810 | +91.9% |
| Taxes, remuneration and social security | 45 | €54,064 | €54,124 | +€60 | +0.1% |
| Taxes | 450/3 | €15,422 | €10,318 | -€5,104 | -33.1% |
| Remuneration and social security | 454/9 | €38,642 | €43,806 | +€5,164 | +13.4% |
| Other amounts payable | 47/48 | €354,537 | €798,654 | +€444,116 | +125.3% |
| Accrued charges and deferred income | 492/3 | €60,811 | €67,962 | +€7,151 | +11.8% |
| Remuneration, social security and pensions | 62 | €242,781 | €343,212 | +€100,432 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,805 | €162,260 | +€6,455 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,500 | -€58,896 | -€43,396 | -280.0% |
| Other operating charges | 640/8 | €25,029 | €49,791 | +€24,762 | +98.9% |
| Gross operating margin | 9900 | €889,160 | €886,371 | -€2,789 | -0.3% |
| Operating profit (loss) | 9901 | €481,044 | €390,003 | -€91,041 | -18.9% |
| Financial income | 75/76B | €52 | €16 | -€36 | -69.2% |
| Recurring financial income | 75 | €52 | €16 | -€36 | -69.2% |
| Financial charges | 65/66B | €170,022 | €124,475 | -€45,548 | -26.8% |
| Recurring financial charges | 65 | €170,022 | €124,475 | -€45,548 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €311,074 | €265,544 | -€45,530 | -14.6% |
| Income taxes | 67/77 | €100,358 | €86,689 | -€13,669 | -13.6% |
| Profit (loss) for the period | 9904 | €210,716 | €178,855 | -€31,861 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €210,716 | €178,855 | -€31,861 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.