GDM Construct: 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.
GDM Construct
Largest movements
- Receivables within one year +€23,918
up €23,918 (+1349.6%), from €1,772 to €25,690
of which Other amounts receivable: +€14,670
- Cash -€2,462
down €2,462 (-24.6%), from €10,010 to €7,548
mainly Receivables within one year (-€23,918) and Other debts (-€332)
- Accrued charges and deferred income +€9,120
new in 2025: €9,120
- Trade debts +€7,449
up €7,449 (+228.0%), from €3,267 to €10,716
- Profit (loss) carried forward +€5,380
up €5,380 (+143.0%), from €3,762 to €9,143
- Purchases and services -€162,266
down €162,266 (-50.7%), from €320,212 to €157,946
- Turnover -€161,313
down €161,313 (-49.5%), from €326,065 to €164,752
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 | €11,782 | €33,238 | +€21,457 | +182.1% |
| Current assets | 29/58 | €11,782 | €33,238 | +€21,457 | +182.1% |
| Amounts receivable within one year | 40/41 | €1,772 | €25,690 | +€23,918 | +1349.6% |
| Trade receivables | 40 | €300 | €9,548 | +€9,248 | +3082.7% |
| Other amounts receivable | 41 | €1,472 | €16,142 | +€14,670 | +996.5% |
| Cash at bank and in hand | 54/58 | €10,010 | €7,548 | -€2,462 | -24.6% |
| Total equity and liabilities | 10/49 | €11,782 | €33,238 | +€21,457 | +182.1% |
| Equity | 10/15 | €6,262 | €11,643 | +€5,380 | +85.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,762 | €9,143 | +€5,380 | +143.0% |
| Amounts payable | 17/49 | €5,519 | €21,596 | +€16,076 | +291.3% |
| Amounts payable within one year | 42/48 | €5,519 | €12,476 | +€6,956 | +126.0% |
| Trade debts | 44 | €3,267 | €10,716 | +€7,449 | +228.0% |
| Suppliers | 440/4 | €3,267 | €10,716 | +€7,449 | +228.0% |
| Taxes, remuneration and social security | 45 | €1,920 | €1,760 | -€160 | -8.3% |
| Taxes | 450/3 | €1,920 | €1,760 | -€160 | -8.3% |
| Other amounts payable | 47/48 | €332 | €0 | -€332 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €9,120 | +€9,120 | |
| Turnover | 70 | €326,065 | €164,752 | -€161,313 | -49.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €320,212 | €157,946 | -€162,266 | -50.7% |
| Gross operating margin | 9900 | €5,853 | €7,245 | +€1,391 | +23.8% |
| Operating profit (loss) | 9901 | €5,853 | €7,245 | +€1,391 | +23.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €172 | €104 | -€68 | -39.3% |
| Recurring financial charges | 65 | €172 | €104 | -€68 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €5,682 | €7,140 | +€1,458 | +25.7% |
| Income taxes | 67/77 | €1,920 | €1,760 | -€160 | -8.3% |
| Profit (loss) for the period | 9904 | €3,762 | €5,380 | +€1,618 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,762 | €5,380 | +€1,618 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.