GDK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€17,760
up €17,760 (+806%), from €2,205 to €19,965
of which Trade receivables: +€17,965
- Cash +€17,638
up €17,638 (+1,265%), from €1,395 to €19,033
mainly Net result for the year (+€26,292) and Other debts (+€5,580)
- Tangible fixed assets +€2,096
new in 2025: €2,096
- Deferred charges and accrued income -€797
no longer reported in 2025 (was €797)
- Profit (loss) carried forward +€26,292
up €26,292 (+6,551%), from €401 to €26,693
- Other debts +€5,580
up €5,580 (+233%), from €2,394 to €7,974
- Tax, wage and social debts +€3,742
up €3,742 (+3,729%), from €100 to €3,842
- Trade debts +€1,085
new in 2025: €1,085
- Gross operating margin +€26,911
up €26,911 (+5,364%), from €502 to €27,412
- Depreciation +€548
new in 2025: €548
- Other operating charges +€534
new in 2025: €534
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 | €4,396 | €41,094 | +€36,698 | +835% |
| Fixed assets | 21/28 | - | €2,096 | +€2,096 | |
| Tangible fixed assets | 22/27 | - | €2,096 | +€2,096 | |
| Furniture and vehicles | 24 | - | €2,096 | +€2,096 | |
| Current assets | 29/58 | €4,396 | €38,998 | +€34,602 | +787% |
| Amounts receivable within one year | 40/41 | €2,205 | €19,965 | +€17,760 | +806% |
| Trade receivables | 40 | €2,000 | €19,965 | +€17,965 | +898% |
| Other amounts receivable | 41 | €205 | - | -€205 | |
| Cash at bank and in hand | 54/58 | €1,395 | €19,033 | +€17,638 | +1,265% |
| Deferred charges and accrued income | 490/1 | €797 | - | -€797 | |
| Total equity and liabilities | 10/49 | €4,396 | €41,094 | +€36,698 | +835% |
| Equity | 10/15 | €1,901 | €28,193 | +€26,292 | +1,383% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €401 | €26,693 | +€26,292 | +6,551% |
| Amounts payable | 17/49 | €2,495 | €12,901 | +€10,406 | +417% |
| Amounts payable within one year | 42/48 | €2,495 | €12,901 | +€10,406 | +417% |
| Trade debts | 44 | - | €1,085 | +€1,085 | |
| Suppliers | 440/4 | - | €1,085 | +€1,085 | |
| Taxes, remuneration and social security | 45 | €100 | €3,842 | +€3,742 | +3,729% |
| Taxes | 450/3 | €100 | €3,842 | +€3,742 | +3,729% |
| Other amounts payable | 47/48 | €2,394 | €7,974 | +€5,580 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €548 | +€548 | |
| Other operating charges | 640/8 | - | €534 | +€534 | |
| Gross operating margin | 9900 | €502 | €27,412 | +€26,911 | +5,364% |
| Operating profit (loss) | 9901 | €502 | €26,330 | +€25,828 | +5,148% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | - | €40 | +€40 | |
| Recurring financial charges | 65 | - | €40 | +€40 | |
| Profit (loss) for the period before taxes | 9903 | €502 | €26,292 | +€25,790 | +5,141% |
| Income taxes | 67/77 | €100 | - | -€100 | |
| Profit (loss) for the period | 9904 | €401 | €26,292 | +€25,890 | +6,451% |
| Profit (loss) for the period to be appropriated | 9905 | €401 | €26,292 | +€25,890 | +6,451% |
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 19 October 2026 via checked.be.