GDK-engineering: 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.
GDK-engineering
Largest movements
- Cash -€52,535
down €52,535 (-81.2%), from €64,694 to €12,158
mainly Contributions, distributions and other (-€62,000) and Other debts (-€34,008)
- Receivables within one year +€18,648
up €18,648 (+161.4%), from €11,556 to €30,204
of which Trade receivables: +€18,886
- Current investments -€13,664
down €13,664 (-40.5%), from €33,723 to €20,059
- Tangible fixed assets -€1,536
down €1,536 (-30.0%), from €5,114 to €3,578
of which Furniture and vehicles: -€1,082
- Other debts -€34,008
down €34,008 (-96.3%), from €35,316 to €1,308
- Reserves -€17,977
down €17,977 (-36.0%), from €49,971 to €31,994
- Tax, wage and social debts +€7,178
up €7,178 (+104.4%), from €6,876 to €14,053
- Current portion of long-term debt -€3,322
down €3,322 (-62.8%), from €5,288 to €1,966
- Gross operating margin +€21,476
up €21,476 (+61.9%), from €34,718 to €56,194
- Taxes +€4,639
up €4,639 (+60.8%), from €7,632 to €12,271
- Financial income +€4,234
up €4,234 (+1680.9%), from €252 to €4,486
- Depreciation -€1,518
down €1,518 (-49.6%), from €3,061 to €1,543
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 | €117,961 | €69,343 | -€48,618 | -41.2% |
| Fixed assets | 21/28 | €5,114 | €3,578 | -€1,536 | -30.0% |
| Tangible fixed assets | 22/27 | €5,114 | €3,578 | -€1,536 | -30.0% |
| Plant, machinery and equipment | 23 | €1,790 | €1,336 | -€454 | -25.3% |
| Furniture and vehicles | 24 | €3,324 | €2,242 | -€1,082 | -32.6% |
| Current assets | 29/58 | €112,847 | €65,765 | -€47,083 | -41.7% |
| Amounts receivable within one year | 40/41 | €11,556 | €30,204 | +€18,648 | +161.4% |
| Trade receivables | 40 | €2,929 | €21,816 | +€18,886 | +644.7% |
| Other amounts receivable | 41 | €8,626 | €8,388 | -€238 | -2.8% |
| Current investments | 50/53 | €33,723 | €20,059 | -€13,664 | -40.5% |
| Cash at bank and in hand | 54/58 | €64,694 | €12,158 | -€52,535 | -81.2% |
| Deferred charges and accrued income | 490/1 | €2,875 | €3,343 | +€469 | +16.3% |
| Total equity and liabilities | 10/49 | €117,961 | €69,343 | -€48,618 | -41.2% |
| Equity | 10/15 | €68,571 | €50,594 | -€17,977 | -26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,971 | €31,994 | -€17,977 | -36.0% |
| Distributable reserves | 133 | €49,971 | €31,994 | -€17,977 | -36.0% |
| Amounts payable | 17/49 | €49,390 | €18,748 | -€30,642 | -62.0% |
| Amounts payable within one year | 42/48 | €49,390 | €18,748 | -€30,642 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €5,288 | €1,966 | -€3,322 | -62.8% |
| Trade debts | 44 | €1,910 | €1,421 | -€490 | -25.6% |
| Suppliers | 440/4 | €1,910 | €1,421 | -€490 | -25.6% |
| Taxes, remuneration and social security | 45 | €6,876 | €14,053 | +€7,178 | +104.4% |
| Taxes | 450/3 | €6,876 | €14,053 | +€7,178 | +104.4% |
| Other amounts payable | 47/48 | €35,316 | €1,308 | -€34,008 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,061 | €1,543 | -€1,518 | -49.6% |
| Other operating charges | 640/8 | €1,447 | €991 | -€456 | -31.5% |
| Non-recurring operating charges | 66A | - | €453 | +€453 | |
| Gross operating margin | 9900 | €34,718 | €56,194 | +€21,476 | +61.9% |
| Operating profit (loss) | 9901 | €30,210 | €53,207 | +€22,997 | +76.1% |
| Financial income | 75/76B | €252 | €4,486 | +€4,234 | +1680.9% |
| Recurring financial income | 75 | €252 | €4,486 | +€4,234 | +1680.9% |
| Financial charges | 65/66B | €1,316 | €1,399 | +€83 | +6.3% |
| Recurring financial charges | 65 | €1,316 | €1,399 | +€83 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €29,146 | €56,294 | +€27,148 | +93.1% |
| Income taxes | 67/77 | €7,632 | €12,271 | +€4,639 | +60.8% |
| Profit (loss) for the period | 9904 | €21,514 | €44,023 | +€22,510 | +104.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,514 | €44,023 | +€22,510 | +104.6% |
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 7 October 2026 via checked.be.