GDK: 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.
GDK
Largest movements
- Cash +€45,235
up €45,235 (+62.0%), from €72,901 to €118,136
mainly Net result for the year (+€59,779) and Tax, wage and social debts (+€6,752)
- Tangible fixed assets +€3,153
new in 2025: €3,153
- Reserves +€59,000
new in 2025: €59,000
- Trade debts -€16,559
down €16,559 (-99.5%), from €16,638 to €78
- Tax, wage and social debts +€6,752
up €6,752 (+100.3%), from €6,729 to €13,481
- Gross operating margin +€8,032
up €8,032 (+10.6%), from €75,520 to €83,553
- Taxes +€7,388
up €7,388 (+48.4%), from €15,250 to €22,638
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 | €88,873 | €137,535 | +€48,662 | +54.8% |
| Fixed assets | 21/28 | - | €3,153 | +€3,153 | |
| Tangible fixed assets | 22/27 | - | €3,153 | +€3,153 | |
| Plant, machinery and equipment | 23 | - | €3,153 | +€3,153 | |
| Current assets | 29/58 | €88,873 | €134,382 | +€45,509 | +51.2% |
| Amounts receivable within one year | 40/41 | €15,972 | €16,246 | +€274 | +1.7% |
| Trade receivables | 40 | €15,972 | €15,246 | -€726 | -4.5% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €72,901 | €118,136 | +€45,235 | +62.0% |
| Total equity and liabilities | 10/49 | €88,873 | €137,535 | +€48,662 | +54.8% |
| Equity | 10/15 | €62,192 | €121,971 | +€59,779 | +96.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €59,000 | +€59,000 | |
| Distributable reserves | 133 | - | €59,000 | +€59,000 | |
| Profit (loss) carried forward | 14 | €59,692 | €60,471 | +€779 | +1.3% |
| Amounts payable | 17/49 | €26,681 | €15,564 | -€11,117 | -41.7% |
| Amounts payable within one year | 42/48 | €26,681 | €15,564 | -€11,117 | -41.7% |
| Trade debts | 44 | €16,638 | €78 | -€16,559 | -99.5% |
| Suppliers | 440/4 | €16,638 | €78 | -€16,559 | -99.5% |
| Taxes, remuneration and social security | 45 | €6,729 | €13,481 | +€6,752 | +100.3% |
| Taxes | 450/3 | €6,729 | €13,481 | +€6,752 | +100.3% |
| Other amounts payable | 47/48 | €3,315 | €2,005 | -€1,310 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €435 | +€435 | |
| Other operating charges | 640/8 | €493 | €607 | +€115 | +23.3% |
| Gross operating margin | 9900 | €75,520 | €83,553 | +€8,032 | +10.6% |
| Operating profit (loss) | 9901 | €75,028 | €82,510 | +€7,483 | +10.0% |
| Financial charges | 65/66B | €86 | €93 | +€7 | +7.8% |
| Recurring financial charges | 65 | €86 | €93 | +€7 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €74,942 | €82,418 | +€7,476 | +10.0% |
| Income taxes | 67/77 | €15,250 | €22,638 | +€7,388 | +48.4% |
| Profit (loss) for the period | 9904 | €59,692 | €59,779 | +€88 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,692 | €59,779 | +€88 | +0.1% |
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 11 October 2026 via checked.be.