GDJ TECHNICS: 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.
GDJ TECHNICS
Largest movements
- Cash +€104,951
up €104,951 (+861%), from €12,192 to €117,144
mainly Debts after one year (+€67,167) and Depreciation (+€15,665)
- Tangible fixed assets -€15,665
down €15,665 (-7.5%), from €207,876 to €192,211
of which Land and buildings: -€8,654
- Receivables within one year +€9,256
up €9,256 (+166%), from €5,592 to €14,848
- Stocks and contracts -€3,432
down €3,432 (-24.5%), from €14,029 to €10,597
- Debts after one year +€67,167
up €67,167 (+37.1%), from €180,872 to €248,039
of which Other amounts payable: +€75,000
- Tax, wage and social debts +€10,551
up €10,551 (+1,007%), from €1,048 to €11,599
- Accrued charges and deferred income +€10,442
up €10,442, from €0 to €10,442
- Profit (loss) carried forward +€8,480
up €8,480, from -€8,480 to €0
- Reserves -€5,242
down €5,242 (-29.7%), from €17,666 to €12,424
- Gross operating margin +€6,119
up €6,119 (+30.3%), from €20,206 to €26,325
- Financial charges +€2,442
up €2,442 (+69.5%), from €3,515 to €5,957
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 | €240,730 | €335,859 | +€95,129 | +39.5% |
| Fixed assets | 21/28 | €207,876 | €192,211 | -€15,665 | -7.5% |
| Tangible fixed assets | 22/27 | €207,876 | €192,211 | -€15,665 | -7.5% |
| Land and buildings | 22 | €191,837 | €183,184 | -€8,654 | -4.5% |
| Plant, machinery and equipment | 23 | €2,108 | €754 | -€1,354 | -64.2% |
| Furniture and vehicles | 24 | €13,930 | €8,273 | -€5,657 | -40.6% |
| Current assets | 29/58 | €32,854 | €143,648 | +€110,794 | +337% |
| Stocks and contracts in progress | 3 | €14,029 | €10,597 | -€3,432 | -24.5% |
| Stocks | 30/36 | €14,029 | €10,597 | -€3,432 | -24.5% |
| Amounts receivable within one year | 40/41 | €5,592 | €14,848 | +€9,256 | +166% |
| Trade receivables | 40 | €5,592 | €14,848 | +€9,256 | +166% |
| Cash at bank and in hand | 54/58 | €12,192 | €117,144 | +€104,951 | +861% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,059 | +€18 | +1.8% |
| Total equity and liabilities | 10/49 | €240,730 | €335,859 | +€95,129 | +39.5% |
| Equity | 10/15 | €12,186 | €15,424 | +€3,238 | +26.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,666 | €12,424 | -€5,242 | -29.7% |
| Distributable reserves | 133 | €17,666 | €12,424 | -€5,242 | -29.7% |
| Profit (loss) carried forward | 14 | -€8,480 | €0 | +€8,480 | |
| Amounts payable | 17/49 | €228,544 | €320,435 | +€91,891 | +40.2% |
| Amounts payable after more than one year | 17 | €180,872 | €248,039 | +€67,167 | +37.1% |
| Financial debts | 170/4 | €105,872 | €98,039 | -€7,833 | -7.4% |
| Other amounts payable | 178/9 | €75,000 | €150,000 | +€75,000 | +100% |
| Amounts payable within one year | 42/48 | €47,672 | €61,953 | +€14,282 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €7,614 | €7,833 | +€219 | +2.9% |
| Trade debts | 44 | €1,810 | €3,102 | +€1,291 | +71.3% |
| Suppliers | 440/4 | €1,810 | €3,102 | +€1,291 | +71.3% |
| Taxes, remuneration and social security | 45 | €1,048 | €11,599 | +€10,551 | +1,007% |
| Taxes | 450/3 | €1,048 | €11,599 | +€10,551 | +1,007% |
| Other amounts payable | 47/48 | €37,200 | €39,420 | +€2,220 | +6.0% |
| Accrued charges and deferred income | 492/3 | €0 | €10,442 | +€10,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,643 | €15,665 | +€22 | +0.1% |
| Other operating charges | 640/8 | €1,495 | €1,466 | -€29 | -2.0% |
| Gross operating margin | 9900 | €20,206 | €26,325 | +€6,119 | +30.3% |
| Operating profit (loss) | 9901 | €3,067 | €9,194 | +€6,127 | +200% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,515 | €5,957 | +€2,442 | +69.5% |
| Recurring financial charges | 65 | €3,515 | €5,957 | +€2,442 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | -€447 | €3,238 | +€3,686 | |
| Profit (loss) for the period | 9904 | -€447 | €3,238 | +€3,686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€447 | €3,238 | +€3,686 |
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 15 October 2026 via checked.be.