GDH Services: 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.
GDH Services
Largest movements
- Tangible fixed assets +€68,375
up €68,375 (+2673.7%), from €2,557 to €70,932
of which Furniture and vehicles: +€68,895
- Cash +€44,468
up €44,468 (+976.6%), from €4,553 to €49,021
mainly Net result for the year (+€55,679) and Debts after one year (+€33,745)
- Receivables within one year -€2,512
down €2,512 (-9.4%), from €26,797 to €24,285
- Reserves +€55,679
up €55,679 (+475.5%), from €11,710 to €67,389
- Debts after one year +€33,745
new in 2025: €33,745
- Tax, wage and social debts +€20,011
up €20,011 (+296.8%), from €6,742 to €26,753
of which Taxes: +€16,303
- Current portion of long-term debt +€10,127
new in 2025: €10,127
- Trade debts -€5,380
down €5,380 (-85.1%), from €6,325 to €945
- Gross operating margin +€71,041
up €71,041 (+482.7%), from €14,717 to €85,758
- Depreciation +€13,402
up €13,402 (+31356.6%), from €43 to €13,445
- Taxes +€11,308
up €11,308 (+389.1%), from €2,906 to €14,214
- Financial charges +€1,985
up €1,985 (+25222.5%), from €8 to €1,993
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 | €33,907 | €144,249 | +€110,342 | +325.4% |
| Fixed assets | 21/28 | €2,557 | €70,932 | +€68,375 | +2673.7% |
| Tangible fixed assets | 22/27 | €2,557 | €70,932 | +€68,375 | +2673.7% |
| Plant, machinery and equipment | 23 | €2,557 | €2,037 | -€520 | -20.3% |
| Furniture and vehicles | 24 | - | €68,895 | +€68,895 | |
| Current assets | 29/58 | €31,350 | €73,317 | +€41,967 | +133.9% |
| Amounts receivable within one year | 40/41 | €26,797 | €24,285 | -€2,512 | -9.4% |
| Trade receivables | 40 | €26,797 | €24,285 | -€2,512 | -9.4% |
| Cash at bank and in hand | 54/58 | €4,553 | €49,021 | +€44,468 | +976.6% |
| Deferred charges and accrued income | 490/1 | - | €11 | +€11 | |
| Total equity and liabilities | 10/49 | €33,907 | €144,249 | +€110,342 | +325.4% |
| Equity | 10/15 | €15,710 | €71,389 | +€55,679 | +354.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €11,710 | €67,389 | +€55,679 | +475.5% |
| Distributable reserves | 133 | €11,710 | €67,389 | +€55,679 | +475.5% |
| Amounts payable | 17/49 | €18,197 | €72,860 | +€54,663 | +300.4% |
| Amounts payable after more than one year | 17 | - | €33,745 | +€33,745 | |
| Financial debts | 170/4 | - | €33,745 | +€33,745 | |
| Amounts payable within one year | 42/48 | €18,197 | €39,115 | +€20,918 | +115.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,127 | +€10,127 | |
| Trade debts | 44 | €6,325 | €945 | -€5,380 | -85.1% |
| Suppliers | 440/4 | €6,325 | €945 | -€5,380 | -85.1% |
| Taxes, remuneration and social security | 45 | €6,742 | €26,753 | +€20,011 | +296.8% |
| Taxes | 450/3 | €6,742 | €23,045 | +€16,303 | +241.8% |
| Remuneration and social security | 454/9 | - | €3,708 | +€3,708 | |
| Other amounts payable | 47/48 | €5,130 | €1,291 | -€3,839 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43 | €13,445 | +€13,402 | +31356.6% |
| Other operating charges | 640/8 | €50 | €427 | +€377 | +754.9% |
| Gross operating margin | 9900 | €14,717 | €85,758 | +€71,041 | +482.7% |
| Operating profit (loss) | 9901 | €14,625 | €71,886 | +€57,262 | +391.5% |
| Financial charges | 65/66B | €8 | €1,993 | +€1,985 | +25222.5% |
| Recurring financial charges | 65 | €8 | €1,993 | +€1,985 | +25222.5% |
| Profit (loss) for the period before taxes | 9903 | €14,617 | €69,893 | +€55,277 | +378.2% |
| Income taxes | 67/77 | €2,906 | €14,214 | +€11,308 | +389.1% |
| Profit (loss) for the period | 9904 | €11,710 | €55,679 | +€43,969 | +375.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,710 | €55,679 | +€43,969 | +375.5% |
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 8 October 2026 via checked.be.