GDMB: 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.
GDMB
Largest movements
- Cash +€143,447
up €143,447 (+12.2%), from €1.2m to €1.3m
mainly Other debts (+€306,211) and Net result for the year (+€203,566)
- Deferred charges and accrued income -€32,966
down €32,966 (-88.7%), from €37,182 to €4,215
- Other debts +€306,211
up €306,211 (+50.9%), from €601,775 to €907,986
- Reserves -€196,434
down €196,434 (-21.4%), from €918,576 to €722,142
- Debts after one year -€39,400
down €39,400 (-21.8%), from €180,583 to €141,183
- Accrued charges and deferred income +€22,135
up €22,135 (+94.0%), from €23,556 to €45,691
- Financial income -€59,465
down €59,465 (-46.2%), from €128,824 to €69,359
- Gross operating margin -€23,006
down €23,006 (-8.1%), from €284,962 to €261,956
- Financial charges +€21,338
up €21,338 (+79.3%), from €26,916 to €48,255
- Taxes -€14,120
down €14,120 (-22.7%), from €62,261 to €48,141
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,788,223 | €1,880,118 | +€91,896 | +5.1% |
| Fixed assets | 21/28 | €568,149 | €556,343 | -€11,805 | -2.1% |
| Tangible fixed assets | 22/27 | €442,649 | €430,843 | -€11,805 | -2.7% |
| Land and buildings | 22 | €60,000 | €60,000 | = | 0.0% |
| Furniture and vehicles | 24 | €6,644 | €3,095 | -€3,549 | -53.4% |
| Other tangible fixed assets | 26 | €376,005 | €367,749 | -€8,256 | -2.2% |
| Financial fixed assets | 28 | €125,500 | €125,500 | = | 0.0% |
| Current assets | 29/58 | €1,220,074 | €1,323,775 | +€103,701 | +8.5% |
| Amounts receivable within one year | 40/41 | €10,736 | €3,956 | -€6,780 | -63.2% |
| Other amounts receivable | 41 | €10,736 | €3,956 | -€6,780 | -63.2% |
| Cash at bank and in hand | 54/58 | €1,172,157 | €1,315,604 | +€143,447 | +12.2% |
| Deferred charges and accrued income | 490/1 | €37,182 | €4,215 | -€32,966 | -88.7% |
| Total equity and liabilities | 10/49 | €1,788,223 | €1,880,118 | +€91,896 | +5.1% |
| Equity | 10/15 | €937,176 | €740,742 | -€196,434 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €918,576 | €722,142 | -€196,434 | -21.4% |
| Distributable reserves | 133 | €918,576 | €722,142 | -€196,434 | -21.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €851,047 | €1,139,377 | +€288,330 | +33.9% |
| Amounts payable after more than one year | 17 | €180,583 | €141,183 | -€39,400 | -21.8% |
| Financial debts | 170/4 | €180,583 | €141,183 | -€39,400 | -21.8% |
| Amounts payable within one year | 42/48 | €646,908 | €952,503 | +€305,594 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €39,400 | €39,400 | = | 0.0% |
| Trade debts | 44 | €3,333 | €2,716 | -€617 | -18.5% |
| Suppliers | 440/4 | €3,333 | €2,716 | -€617 | -18.5% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,400 | = | 0.0% |
| Taxes | 450/3 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €601,775 | €907,986 | +€306,211 | +50.9% |
| Accrued charges and deferred income | 492/3 | €23,556 | €45,691 | +€22,135 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,703 | €26,451 | +€2,748 | +11.6% |
| Other operating charges | 640/8 | €4,942 | €4,903 | -€39 | -0.8% |
| Gross operating margin | 9900 | €284,962 | €261,956 | -€23,006 | -8.1% |
| Operating profit (loss) | 9901 | €256,318 | €230,603 | -€25,715 | -10.0% |
| Financial income | 75/76B | €128,824 | €69,359 | -€59,465 | -46.2% |
| Recurring financial income | 75 | €128,824 | €69,359 | -€59,465 | -46.2% |
| Financial charges | 65/66B | €26,916 | €48,255 | +€21,338 | +79.3% |
| Recurring financial charges | 65 | €26,916 | €48,255 | +€21,338 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €358,226 | €251,707 | -€106,518 | -29.7% |
| Income taxes | 67/77 | €62,261 | €48,141 | -€14,120 | -22.7% |
| Profit (loss) for the period | 9904 | €295,964 | €203,566 | -€92,398 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €295,964 | €203,566 | -€92,398 | -31.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.