GDH Assur: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
GDH Assur
Largest movements
- Cash +€87,047
up €87,047 (+161%), from €54,127 to €141,174
mainly Net result for the year (+€355,295) and Other debts (+€67,103)
- Tangible fixed assets -€64,394
down €64,394 (-5.7%), from €1.1m to €1.1m
of which Land and buildings: -€43,364
- Current investments -€18,817
down €18,817 (-8.6%), from €220,000 to €201,183
- Other debts +€67,103
up €67,103 (+23.2%), from €288,933 to €356,036
- Debts after one year -€61,019
down €61,019 (-8.2%), from €741,089 to €680,069
- Tax, wage and social debts +€19,161
up €19,161 (+110%), from €17,363 to €36,524
of which Taxes: +€9,869
- Gross operating margin +€155,618
up €155,618 (+22.9%), from €680,923 to €836,540
- Staff costs +€68,325
up €68,325 (+35.2%), from €194,370 to €262,695
- Taxes +€29,194
up €29,194 (+27.5%), from €106,117 to €135,311
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,469,982 | €1,484,296 | +€14,314 | +1.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,125,192 | €1,060,798 | -€64,394 | -5.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,125,192 | €1,060,798 | -€64,394 | -5.7% |
| Land and buildings | 22 | €1,053,016 | €1,009,652 | -€43,364 | -4.1% |
| Furniture and vehicles | 24 | €72,176 | €51,146 | -€21,030 | -29.1% |
| Current assets | 29/58 | €344,790 | €423,499 | +€78,708 | +22.8% |
| Amounts receivable within one year | 40/41 | €68,173 | €77,810 | +€9,638 | +14.1% |
| Trade receivables | 40 | €68,173 | €77,810 | +€9,638 | +14.1% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €220,000 | €201,183 | -€18,817 | -8.6% |
| Cash at bank and in hand | 54/58 | €54,127 | €141,174 | +€87,047 | +161% |
| Deferred charges and accrued income | 490/1 | €2,491 | €3,331 | +€841 | +33.8% |
| Total equity and liabilities | 10/49 | €1,469,982 | €1,484,296 | +€14,314 | +1.0% |
| Equity | 10/15 | €289,319 | €289,186 | -€133 | 0.0% |
| Contributions | 10/11 | €16,120 | €16,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,199 | €273,066 | -€133 | 0.0% |
| Amounts payable | 17/49 | €1,180,663 | €1,195,110 | +€14,447 | +1.2% |
| Amounts payable after more than one year | 17 | €741,089 | €680,069 | -€61,019 | -8.2% |
| Financial debts | 170/4 | €741,089 | €680,069 | -€61,019 | -8.2% |
| Amounts payable within one year | 42/48 | €439,574 | €515,041 | +€75,467 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €117,469 | €102,792 | -€14,677 | -12.5% |
| Trade debts | 44 | €15,809 | €19,689 | +€3,880 | +24.5% |
| Suppliers | 440/4 | €15,809 | €19,689 | +€3,880 | +24.5% |
| Taxes, remuneration and social security | 45 | €17,363 | €36,524 | +€19,161 | +110% |
| Taxes | 450/3 | €2,318 | €12,188 | +€9,869 | +426% |
| Remuneration and social security | 454/9 | €15,045 | €24,336 | +€9,292 | +61.8% |
| Other amounts payable | 47/48 | €288,933 | €356,036 | +€67,103 | +23.2% |
| Non-recurring operating income | 76A | €9,564 | - | -€9,564 | |
| Remuneration, social security and pensions | 62 | €194,370 | €262,695 | +€68,325 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,057 | €66,326 | +€269 | +0.4% |
| Other operating charges | 640/8 | €243 | €251 | +€8 | +3.3% |
| Non-recurring operating charges | 66A | €10,185 | - | -€10,185 | |
| Gross operating margin | 9900 | €680,923 | €836,540 | +€155,618 | +22.9% |
| Operating profit (loss) | 9901 | €410,067 | €507,268 | +€97,200 | +23.7% |
| Financial income | 75/76B | €5,996 | €5,802 | -€193 | -3.2% |
| Recurring financial income | 75 | €5,996 | €5,802 | -€193 | -3.2% |
| Financial charges | 65/66B | €23,729 | €22,465 | -€1,264 | -5.3% |
| Recurring financial charges | 65 | €23,729 | €22,465 | -€1,264 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €392,334 | €490,605 | +€98,271 | +25.0% |
| Income taxes | 67/77 | €106,117 | €135,311 | +€29,194 | +27.5% |
| Profit (loss) for the period | 9904 | €286,217 | €355,295 | +€69,077 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €286,217 | €355,295 | +€69,077 | +24.1% |
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 1 November 2026 via checked.be.