GDK FARMA: what changed
GDK FARMA
Largest movements
- Receivables after one year -€561,198
no longer reported in 2025 (was €561,198)
- Financial fixed assets +€481,305
up €481,305 (+22.1%), from €2.2m to €2.7m
- Cash -€226,501
down €226,501 (-99.2%), from €228,345 to €1,844
mainly Investment in fixed assets (net) (-€481,305) and Net result for the year (-€339,047)
- Receivables within one year -€67,962
down €67,962 (-14.1%), from €481,890 to €413,928
of which Other amounts receivable: -€57,002
- Contributions -€600,000
down €600,000 (-15.1%), from €4.0m to €3.4m
- Profit (loss) carried forward +€260,953
up €260,953 (+42.3%), from -€617,091 to -€356,139
- Trade debts -€35,465
down €35,465 (-42.3%), from €83,901 to €48,436
- Gross operating margin -€1,887
down €1,887 (-17.1%), from €11,007 to €9,120
- Other operating charges -€1,211
down €1,211 (-41.9%), from €2,888 to €1,677
- Financial charges -€968
down €968 (-13.1%), from €7,366 to €6,398
of which Financial charges: -€7,268
- Financial income +€203
up €203 (+15.7%), from €1,290 to €1,493
Change in the result, 31-03-2025 to 31-12-2025
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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 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 | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,448,559 | €3,074,047 | -€374,513 | -10.9% |
| Fixed assets | 21/28 | €2,176,969 | €2,658,275 | +€481,305 | +22.1% |
| Financial fixed assets | 28 | €2,176,969 | €2,658,275 | +€481,305 | +22.1% |
| Current assets | 29/58 | €1,271,590 | €415,772 | -€855,818 | -67.3% |
| Amounts receivable after more than one year | 29 | €561,198 | - | -€561,198 | |
| Other amounts receivable | 291 | €561,198 | - | -€561,198 | |
| Amounts receivable within one year | 40/41 | €481,890 | €413,928 | -€67,962 | -14.1% |
| Trade receivables | 40 | €48,597 | €37,637 | -€10,960 | -22.6% |
| Other amounts receivable | 41 | €433,293 | €376,291 | -€57,002 | -13.2% |
| Cash at bank and in hand | 54/58 | €228,345 | €1,844 | -€226,501 | -99.2% |
| Deferred charges and accrued income | 490/1 | €158 | - | -€158 | |
| Total equity and liabilities | 10/49 | €3,448,559 | €3,074,047 | -€374,513 | -10.9% |
| Equity | 10/15 | €3,364,658 | €3,025,611 | -€339,047 | -10.1% |
| Contributions | 10/11 | €3,981,750 | €3,381,750 | -€600,000 | -15.1% |
| Capital | 10 | €3,981,750 | €3,381,750 | -€600,000 | -15.1% |
| Issued capital | 100 | €3,981,750 | €3,381,750 | -€600,000 | -15.1% |
| Profit (loss) carried forward | 14 | -€617,091 | -€356,139 | +€260,953 | +42.3% |
| Amounts payable | 17/49 | €83,901 | €48,436 | -€35,465 | -42.3% |
| Amounts payable within one year | 42/48 | €83,901 | €48,436 | -€35,465 | -42.3% |
| Trade debts | 44 | €83,901 | €48,436 | -€35,465 | -42.3% |
| Suppliers | 440/4 | €83,901 | €48,436 | -€35,465 | -42.3% |
| Other operating charges | 640/8 | €2,888 | €1,677 | -€1,211 | -41.9% |
| Non-recurring operating charges | 66A | - | €341,586 | +€341,586 | |
| Gross operating margin | 9900 | €11,007 | €9,120 | -€1,887 | -17.1% |
| Operating profit (loss) | 9901 | €8,119 | -€334,142 | -€342,262 | |
| Financial income | 75/76B | €1,290 | €1,493 | +€203 | +15.7% |
| Recurring financial income | 75 | €1,290 | €1,493 | +€203 | +15.7% |
| Financial charges | 65/66B | €7,366 | €6,398 | -€968 | -13.1% |
| Recurring financial charges | 65 | €7,366 | €98 | -€7,268 | -98.7% |
| Non-recurring financial charges | 66B | - | €6,300 | +€6,300 | |
| Profit (loss) for the period before taxes | 9903 | €2,044 | -€339,047 | -€341,091 | |
| Profit (loss) for the period | 9904 | €2,044 | -€339,047 | -€341,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,044 | -€339,047 | -€341,091 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.