GDEV: 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.
GDEV
Largest movements
- Receivables within one year -€40,442
down €40,442 (-59.4%), from €68,069 to €27,626
of which Trade receivables: -€50,163
- Intangible fixed assets +€24,765
new in 2025: €24,765
- Cash -€2,120
down €2,120 (-24.1%), from €8,784 to €6,664
mainly Trade debts (-€55,749) and Investment in fixed assets (net) (-€29,281)
- Tangible fixed assets -€1,457
down €1,457 (-28.5%), from €5,110 to €3,653
- Trade debts -€55,749
down €55,749 (-96.8%), from €57,581 to €1,831
- Other debts +€35,675
new in 2025: €35,675
- Profit (loss) carried forward +€10,564
up €10,564 (+1963.3%), from €538 to €11,102
- Tax, wage and social debts -€5,885
down €5,885 (-73.7%), from €7,984 to €2,100
of which Remuneration and social security: -€3,300
- Accrued charges and deferred income -€3,859
no longer reported in 2025 (was €3,859)
- Gross operating margin +€15,018
up €15,018 (+86.2%), from €17,430 to €32,448
- Taxes +€2,415
up €2,415 (+51.6%), from €4,684 to €7,100
- Depreciation +€2,174
up €2,174 (+57.2%), from €3,800 to €5,973
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 | €81,962 | €62,708 | -€19,254 | -23.5% |
| Fixed assets | 21/28 | €5,110 | €28,418 | +€23,308 | +456.1% |
| Intangible fixed assets | 21 | - | €24,765 | +€24,765 | |
| Tangible fixed assets | 22/27 | €5,110 | €3,653 | -€1,457 | -28.5% |
| Furniture and vehicles | 24 | €5,110 | €3,653 | -€1,457 | -28.5% |
| Current assets | 29/58 | €76,852 | €34,290 | -€42,562 | -55.4% |
| Amounts receivable within one year | 40/41 | €68,069 | €27,626 | -€40,442 | -59.4% |
| Trade receivables | 40 | €66,399 | €16,236 | -€50,163 | -75.5% |
| Other amounts receivable | 41 | €1,670 | €11,391 | +€9,721 | +582.1% |
| Cash at bank and in hand | 54/58 | €8,784 | €6,664 | -€2,120 | -24.1% |
| Total equity and liabilities | 10/49 | €81,962 | €62,708 | -€19,254 | -23.5% |
| Equity | 10/15 | €12,538 | €23,102 | +€10,564 | +84.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €538 | €11,102 | +€10,564 | +1963.3% |
| Amounts payable | 17/49 | €69,424 | €39,606 | -€29,818 | -43.0% |
| Amounts payable within one year | 42/48 | €65,565 | €39,606 | -€25,959 | -39.6% |
| Trade debts | 44 | €57,581 | €1,831 | -€55,749 | -96.8% |
| Suppliers | 440/4 | €57,581 | €1,831 | -€55,749 | -96.8% |
| Taxes, remuneration and social security | 45 | €7,984 | €2,100 | -€5,885 | -73.7% |
| Taxes | 450/3 | €4,684 | €2,100 | -€2,585 | -55.2% |
| Remuneration and social security | 454/9 | €3,300 | - | -€3,300 | |
| Other amounts payable | 47/48 | - | €35,675 | +€35,675 | |
| Accrued charges and deferred income | 492/3 | €3,859 | - | -€3,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €5,973 | +€2,174 | +57.2% |
| Other operating charges | 640/8 | €557 | €606 | +€49 | +8.8% |
| Gross operating margin | 9900 | €17,430 | €32,448 | +€15,018 | +86.2% |
| Operating profit (loss) | 9901 | €13,073 | €25,868 | +€12,795 | +97.9% |
| Financial income | 75/76B | €188 | - | -€188 | |
| Recurring financial income | 75 | €188 | - | -€188 | |
| Financial charges | 65/66B | €38 | €204 | +€166 | +431.3% |
| Recurring financial charges | 65 | €38 | €204 | +€166 | +431.3% |
| Profit (loss) for the period before taxes | 9903 | €13,222 | €25,664 | +€12,442 | +94.1% |
| Income taxes | 67/77 | €4,684 | €7,100 | +€2,415 | +51.6% |
| Profit (loss) for the period | 9904 | €8,538 | €18,564 | +€10,026 | +117.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,538 | €18,564 | +€10,026 | +117.4% |
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 9 October 2026 via checked.be.