GDH accounting: what changed
What changed
GDH accounting
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€61,918
2024 · €37,218+€24,700
Equity
€19,000
2024 · €19,000
Cash
€76,294
2024 · €30,702+€45,592
Balance sheet total
€139,462
2024 · €86,604+€52,858
Largest movements
Assets
- Cash +€45,592
up €45,592 (+148%), from €30,702 to €76,294
mainly Net result for the year (+€61,918) and Other debts (+€36,862)
- Receivables within one year +€5,897
up €5,897 (+12.5%), from €47,044 to €52,940
of which Trade receivables: +€6,712
Equity and liabilities
- Other debts +€36,862
up €36,862 (+93.8%), from €39,285 to €76,146
- Tax, wage and social debts +€15,622
up €15,622 (+62.3%), from €25,058 to €40,680
Income statement
- Gross operating margin +€27,555
up €27,555 (+44.0%), from €62,679 to €90,234
- Taxes +€5,628
up €5,628 (+48.4%), from €11,616 to €17,244
- Other operating charges -€2,585
down €2,585 (-34.2%), from €7,570 to €4,984
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,218
Gross operating margin
+€27,555
Depreciation
+€288
Write-downs
+€750
Other operating charges
+€2,585
Financial income
-€220
Financial charges
-€631
Taxes
-€5,628
Result 2025
€61,918
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,971
Investment
-€3,461
Financing
-€61,918
Cash 2024
€30,702
From operations (derived)
+€110,971
Net result for the year
+€61,918
Depreciation
+€3,282
Receivables within one year
-€5,897
Deferred charges and accrued income
-€1,190
Trade debts
+€374
Tax, wage and social debts
+€15,622
Other debts
+€36,862
Investment (derived)
-€3,461
Investment in fixed assets (net)
-€3,461
Financing
-€61,918
Contributions, distributions and other
-€61,918
Cash 2025
€76,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,604 | €139,462 | +€52,858 | +61.0% |
| Fixed assets | 21/28 | €8,525 | €8,704 | +€179 | +2.1% |
| Tangible fixed assets | 22/27 | €8,525 | €8,704 | +€179 | +2.1% |
| Plant, machinery and equipment | 23 | €7,554 | €8,628 | +€1,074 | +14.2% |
| Furniture and vehicles | 24 | €971 | €76 | -€895 | -92.2% |
| Current assets | 29/58 | €78,079 | €130,758 | +€52,679 | +67.5% |
| Amounts receivable within one year | 40/41 | €47,044 | €52,940 | +€5,897 | +12.5% |
| Trade receivables | 40 | €45,850 | €52,562 | +€6,712 | +14.6% |
| Other amounts receivable | 41 | €1,194 | €378 | -€816 | -68.3% |
| Cash at bank and in hand | 54/58 | €30,702 | €76,294 | +€45,592 | +148% |
| Deferred charges and accrued income | 490/1 | €334 | €1,523 | +€1,190 | +356% |
| Total equity and liabilities | 10/49 | €86,604 | €139,462 | +€52,858 | +61.0% |
| Equity | 10/15 | €19,000 | €19,000 | = | 0.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Amounts payable | 17/49 | €67,604 | €120,462 | +€52,858 | +78.2% |
| Amounts payable within one year | 42/48 | €67,604 | €120,462 | +€52,858 | +78.2% |
| Trade debts | 44 | €3,261 | €3,636 | +€374 | +11.5% |
| Suppliers | 440/4 | €3,261 | €3,636 | +€374 | +11.5% |
| Taxes, remuneration and social security | 45 | €25,058 | €40,680 | +€15,622 | +62.3% |
| Taxes | 450/3 | €25,058 | €40,680 | +€15,622 | +62.3% |
| Other amounts payable | 47/48 | €39,285 | €76,146 | +€36,862 | +93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,570 | €3,282 | -€288 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €750 | - | -€750 | |
| Other operating charges | 640/8 | €7,570 | €4,984 | -€2,585 | -34.2% |
| Gross operating margin | 9900 | €62,679 | €90,234 | +€27,555 | +44.0% |
| Operating profit (loss) | 9901 | €50,790 | €81,968 | +€31,178 | +61.4% |
| Financial income | 75/76B | €832 | €612 | -€220 | -26.5% |
| Recurring financial income | 75 | €832 | €612 | -€220 | -26.5% |
| Financial charges | 65/66B | €2,788 | €3,418 | +€631 | +22.6% |
| Recurring financial charges | 65 | €2,788 | €3,418 | +€631 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €48,834 | €79,162 | +€30,328 | +62.1% |
| Income taxes | 67/77 | €11,616 | €17,244 | +€5,628 | +48.4% |
| Profit (loss) for the period | 9904 | €37,218 | €61,918 | +€24,700 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,218 | €61,918 | +€24,700 | +66.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.