GDN Automation: 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.
GDN Automation
Largest movements
- Tangible fixed assets -€9,101
down €9,101 (-5.3%), from €170,180 to €161,079
of which Other tangible fixed assets: -€7,010
- Receivables within one year +€3,727
up €3,727 (+4.4%), from €85,642 to €89,368
of which Other amounts receivable: +€4,978
- Deferred charges and accrued income -€3,308
no longer reported in 2025 (was €3,308)
- Tax, wage and social debts -€30,867
down €30,867 (-56.4%), from €54,751 to €23,884
- Other debts +€25,602
up €25,602 (+36.6%), from €70,000 to €95,602
- Debts after one year -€6,143
down €6,143 (-5.8%), from €106,204 to €100,061
- Gross operating margin +€24,237
up €24,237 (+21.6%), from €112,326 to €136,564
- Taxes +€6,168
up €6,168 (+29.7%), from €20,742 to €26,910
- Other operating charges -€3,852
down €3,852 (-84.6%), from €4,553 to €701
- Financial charges -€1,719
down €1,719 (-20.3%), from €8,476 to €6,757
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 | €303,860 | €294,390 | -€9,470 | -3.1% |
| Fixed assets | 21/28 | €174,123 | €163,303 | -€10,821 | -6.2% |
| Intangible fixed assets | 21 | €3,943 | €2,223 | -€1,720 | -43.6% |
| Tangible fixed assets | 22/27 | €170,180 | €161,079 | -€9,101 | -5.3% |
| Plant, machinery and equipment | 23 | €2,875 | €1,884 | -€991 | -34.5% |
| Furniture and vehicles | 24 | €2,735 | €1,635 | -€1,100 | -40.2% |
| Other tangible fixed assets | 26 | €164,570 | €157,561 | -€7,010 | -4.3% |
| Current assets | 29/58 | €129,737 | €131,088 | +€1,351 | +1.0% |
| Amounts receivable within one year | 40/41 | €85,642 | €89,368 | +€3,727 | +4.4% |
| Trade receivables | 40 | €8,363 | €7,111 | -€1,251 | -15.0% |
| Other amounts receivable | 41 | €77,279 | €82,257 | +€4,978 | +6.4% |
| Cash at bank and in hand | 54/58 | €40,787 | €41,719 | +€932 | +2.3% |
| Deferred charges and accrued income | 490/1 | €3,308 | - | -€3,308 | |
| Total equity and liabilities | 10/49 | €303,860 | €294,390 | -€9,470 | -3.1% |
| Equity | 10/15 | €49,274 | €48,460 | -€814 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,860 | €29,860 | = | 0.0% |
| Distributable reserves | 133 | €29,860 | €29,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €814 | - | -€814 | |
| Amounts payable | 17/49 | €254,586 | €245,930 | -€8,656 | -3.4% |
| Amounts payable after more than one year | 17 | €106,204 | €100,061 | -€6,143 | -5.8% |
| Financial debts | 170/4 | €106,204 | €100,061 | -€6,143 | -5.8% |
| Amounts payable within one year | 42/48 | €144,429 | €141,083 | -€3,346 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €6,401 | €6,143 | -€258 | -4.0% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €8,277 | €10,454 | +€2,177 | +26.3% |
| Suppliers | 440/4 | €8,277 | €10,454 | +€2,177 | +26.3% |
| Taxes, remuneration and social security | 45 | €54,751 | €23,884 | -€30,867 | -56.4% |
| Taxes | 450/3 | €54,751 | €23,884 | -€30,867 | -56.4% |
| Other amounts payable | 47/48 | €70,000 | €95,602 | +€25,602 | +36.6% |
| Accrued charges and deferred income | 492/3 | €3,953 | €4,786 | +€833 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,619 | €11,212 | +€593 | +5.6% |
| Other operating charges | 640/8 | €4,553 | €701 | -€3,852 | -84.6% |
| Gross operating margin | 9900 | €112,326 | €136,564 | +€24,237 | +21.6% |
| Operating profit (loss) | 9901 | €97,154 | €124,652 | +€27,497 | +28.3% |
| Financial income | 75/76B | €2,734 | €3,803 | +€1,070 | +39.1% |
| Recurring financial income | 75 | €2,734 | €3,803 | +€1,070 | +39.1% |
| Financial charges | 65/66B | €8,476 | €6,757 | -€1,719 | -20.3% |
| Recurring financial charges | 65 | €8,476 | €6,757 | -€1,719 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €91,412 | €121,698 | +€30,286 | +33.1% |
| Income taxes | 67/77 | €20,742 | €26,910 | +€6,168 | +29.7% |
| Profit (loss) for the period | 9904 | €70,670 | €94,788 | +€24,118 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,670 | €94,788 | +€24,118 | +34.1% |
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 26 October 2026 via checked.be.