GDLEX: 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.
GDLEX
Largest movements
- Cash +€39,059
up €39,059 (+84.0%), from €46,475 to €85,533
mainly Net result for the year (+€91,055) and Other debts (+€33,600)
- Current investments -€7,704
down €7,704 (-17.1%), from €45,175 to €37,471
- Receivables within one year +€2,629
up €2,629 (+3.4%), from €77,561 to €80,190
of which Other amounts receivable: +€9,500
- Other debts +€33,600
up €33,600 (+79.3%), from €42,382 to €75,982
- Profit (loss) carried forward -€16,945
down €16,945 (-94.9%), from €17,855 to €910
- Short-term financial debts +€16,728
new in 2024: €16,728
- Trade debts -€14,578
down €14,578 (-47.6%), from €30,601 to €16,024
- Tax, wage and social debts +€14,575
up €14,575 (+68.6%), from €21,236 to €35,811
- Gross operating margin +€18,581
up €18,581 (+17.8%), from €104,586 to €123,167
- Taxes +€4,669
up €4,669 (+17.8%), from €26,269 to €30,939
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,498 | €206,876 | +€33,379 | +19.2% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €173,423 | €206,801 | +€33,379 | +19.2% |
| Amounts receivable within one year | 40/41 | €77,561 | €80,190 | +€2,629 | +3.4% |
| Trade receivables | 40 | €58,815 | €51,945 | -€6,871 | -11.7% |
| Other amounts receivable | 41 | €18,746 | €28,246 | +€9,500 | +50.7% |
| Current investments | 50/53 | €45,175 | €37,471 | -€7,704 | -17.1% |
| Cash at bank and in hand | 54/58 | €46,475 | €85,533 | +€39,059 | +84.0% |
| Deferred charges and accrued income | 490/1 | €4,213 | €3,607 | -€606 | -14.4% |
| Total equity and liabilities | 10/49 | €173,498 | €206,876 | +€33,379 | +19.2% |
| Equity | 10/15 | €79,247 | €62,302 | -€16,945 | -21.4% |
| Contributions | 10/11 | €17,630 | €17,630 | = | 0.0% |
| Reserves | 13 | €43,762 | €43,762 | = | 0.0% |
| Distributable reserves | 133 | €43,762 | €43,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,855 | €910 | -€16,945 | -94.9% |
| Amounts payable | 17/49 | €94,250 | €144,574 | +€50,323 | +53.4% |
| Amounts payable within one year | 42/48 | €94,219 | €144,544 | +€50,326 | +53.4% |
| Financial debts | 43 | - | €16,728 | +€16,728 | |
| Other loans | 439 | - | €16,728 | +€16,728 | |
| Trade debts | 44 | €30,601 | €16,024 | -€14,578 | -47.6% |
| Suppliers | 440/4 | €30,601 | €16,024 | -€14,578 | -47.6% |
| Taxes, remuneration and social security | 45 | €21,236 | €35,811 | +€14,575 | +68.6% |
| Taxes | 450/3 | €21,236 | €35,811 | +€14,575 | +68.6% |
| Other amounts payable | 47/48 | €42,382 | €75,982 | +€33,600 | +79.3% |
| Accrued charges and deferred income | 492/3 | €31 | €29 | -€2 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | - | -€274 | |
| Other operating charges | 640/8 | €604 | €632 | +€28 | +4.6% |
| Gross operating margin | 9900 | €104,586 | €123,167 | +€18,581 | +17.8% |
| Operating profit (loss) | 9901 | €103,708 | €122,535 | +€18,827 | +18.2% |
| Financial income | 75/76B | €814 | €449 | -€365 | -44.8% |
| Recurring financial income | 75 | €814 | €449 | -€365 | -44.8% |
| Financial charges | 65/66B | €1,095 | €990 | -€105 | -9.6% |
| Recurring financial charges | 65 | €1,095 | €990 | -€105 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €103,426 | €121,994 | +€18,567 | +18.0% |
| Income taxes | 67/77 | €26,269 | €30,939 | +€4,669 | +17.8% |
| Profit (loss) for the period | 9904 | €77,157 | €91,055 | +€13,898 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,157 | €91,055 | +€13,898 | +18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.