GDF Impact: 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.
" GDF Impact "
Largest movements
- Current investments +€50,000
up €50,000 (+168%), from €29,847 to €79,847
- Receivables within one year +€39,481
up €39,481 (+31.2%), from €126,475 to €165,956
of which Other amounts receivable: +€25,226
- Cash +€21,210
up €21,210 (+52.0%), from €40,790 to €62,000
mainly Net result for the year (+€88,436) and Other debts (+€43,052)
- Profit (loss) carried forward +€88,436
up €88,436 (+105%), from €84,022 to €172,458
- Other debts +€43,052
up €43,052 (+35.1%), from €122,640 to €165,692
- Tax, wage and social debts -€18,468
down €18,468 (-90.8%), from €20,337 to €1,870
- Gross operating margin +€17,585
up €17,585 (+15.8%), from €111,013 to €128,598
- Financial charges +€2,962
up €2,962 (+84.2%), from €3,518 to €6,480
- Taxes +€1,831
up €1,831 (+6.3%), from €28,962 to €30,793
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 | €231,602 | €345,064 | +€113,461 | +49.0% |
| Fixed assets | 21/28 | €34,491 | €37,063 | +€2,573 | +7.5% |
| Tangible fixed assets | 22/27 | €9,491 | €12,063 | +€2,573 | +27.1% |
| Plant, machinery and equipment | 23 | €7,926 | €5,639 | -€2,287 | -28.9% |
| Furniture and vehicles | 24 | €1,565 | €6,425 | +€4,860 | +311% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €197,112 | €308,000 | +€110,888 | +56.3% |
| Amounts receivable within one year | 40/41 | €126,475 | €165,956 | +€39,481 | +31.2% |
| Trade receivables | 40 | €126,000 | €140,255 | +€14,255 | +11.3% |
| Other amounts receivable | 41 | €475 | €25,701 | +€25,226 | +5,311% |
| Current investments | 50/53 | €29,847 | €79,847 | +€50,000 | +168% |
| Cash at bank and in hand | 54/58 | €40,790 | €62,000 | +€21,210 | +52.0% |
| Deferred charges and accrued income | 490/1 | - | €198 | +€198 | |
| Total equity and liabilities | 10/49 | €231,602 | €345,064 | +€113,461 | +49.0% |
| Equity | 10/15 | €88,022 | €176,458 | +€88,436 | +100% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,022 | €172,458 | +€88,436 | +105% |
| Amounts payable | 17/49 | €143,580 | €168,605 | +€25,025 | +17.4% |
| Amounts payable within one year | 42/48 | €143,580 | €168,605 | +€25,025 | +17.4% |
| Trade debts | 44 | €603 | €1,044 | +€441 | +73.2% |
| Suppliers | 440/4 | €603 | €1,044 | +€441 | +73.2% |
| Taxes, remuneration and social security | 45 | €20,337 | €1,870 | -€18,468 | -90.8% |
| Taxes | 450/3 | €20,337 | €1,870 | -€18,468 | -90.8% |
| Other amounts payable | 47/48 | €122,640 | €165,692 | +€43,052 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,754 | €2,888 | +€135 | +4.9% |
| Other operating charges | 640/8 | €387 | €463 | +€76 | +19.6% |
| Gross operating margin | 9900 | €111,013 | €128,598 | +€17,585 | +15.8% |
| Operating profit (loss) | 9901 | €107,872 | €125,247 | +€17,375 | +16.1% |
| Financial income | 75/76B | €590 | €463 | -€127 | -21.6% |
| Recurring financial income | 75 | €590 | €463 | -€127 | -21.6% |
| Financial charges | 65/66B | €3,518 | €6,480 | +€2,962 | +84.2% |
| Recurring financial charges | 65 | €3,518 | €6,480 | +€2,962 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | €104,944 | €119,229 | +€14,285 | +13.6% |
| Income taxes | 67/77 | €28,962 | €30,793 | +€1,831 | +6.3% |
| Profit (loss) for the period | 9904 | €75,982 | €88,436 | +€12,454 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,982 | €88,436 | +€12,454 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.