GDP.PDP: 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.
GDP.PDP
Largest movements
- Cash +€57,284
up €57,284 (+33.5%), from €170,814 to €228,098
mainly Net result for the year (+€98,173) and Depreciation (+€20,085)
- Receivables after one year +€45,509
up €45,509 (+228%), from €20,000 to €65,509
- Intangible fixed assets -€16,471
no longer reported in 2025 (was €16,471)
- Deferred charges and accrued income -€8,138
down €8,138 (-38.5%), from €21,153 to €13,015
- Receivables within one year -€7,816
down €7,816 (-25.1%), from €31,190 to €23,374
of which Other amounts receivable: -€5,288
- Reserves +€88,487
up €88,487 (+45.1%), from €196,025 to €284,512
of which Distributable reserves: +€88,487
- Accrued charges and deferred income +€10,000
up €10,000 (+1,401%), from €714 to €10,714
- Debts after one year -€9,208
down €9,208 (-47.0%), from €19,581 to €10,373
- Trade debts -€8,877
down €8,877 (-35.5%), from €25,040 to €16,163
- Tax, wage and social debts -€7,345
down €7,345 (-11.7%), from €62,714 to €55,369
of which Taxes: -€8,587
- Staff costs -€34,873
down €34,873 (-32.4%), from €107,740 to €72,867
- Gross operating margin +€32,495
up €32,495 (+15.7%), from €206,331 to €238,826
- Taxes +€22,033
up €22,033 (+114%), from €19,409 to €41,442
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 | €322,390 | €392,539 | +€70,149 | +21.8% |
| Fixed assets | 21/28 | €72,323 | €56,109 | -€16,214 | -22.4% |
| Intangible fixed assets | 21 | €16,471 | - | -€16,471 | |
| Tangible fixed assets | 22/27 | €45,224 | €45,481 | +€257 | +0.6% |
| Plant, machinery and equipment | 23 | - | €6,192 | +€6,192 | |
| Furniture and vehicles | 24 | €3,627 | €3,295 | -€332 | -9.2% |
| Other tangible fixed assets | 26 | €41,597 | €35,994 | -€5,603 | -13.5% |
| Financial fixed assets | 28 | €10,628 | €10,628 | = | 0.0% |
| Current assets | 29/58 | €250,067 | €336,430 | +€86,363 | +34.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €65,509 | +€45,509 | +228% |
| Other amounts receivable | 291 | €20,000 | €65,509 | +€45,509 | +228% |
| Stocks and contracts in progress | 3 | €6,910 | €6,434 | -€476 | -6.9% |
| Stocks | 30/36 | €6,910 | €6,434 | -€476 | -6.9% |
| Amounts receivable within one year | 40/41 | €31,190 | €23,374 | -€7,816 | -25.1% |
| Trade receivables | 40 | €18,265 | €15,737 | -€2,528 | -13.8% |
| Other amounts receivable | 41 | €12,925 | €7,637 | -€5,288 | -40.9% |
| Cash at bank and in hand | 54/58 | €170,814 | €228,098 | +€57,284 | +33.5% |
| Deferred charges and accrued income | 490/1 | €21,153 | €13,015 | -€8,138 | -38.5% |
| Total equity and liabilities | 10/49 | €322,390 | €392,539 | +€70,149 | +21.8% |
| Equity | 10/15 | €202,225 | €290,712 | +€88,487 | +43.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €196,025 | €284,512 | +€88,487 | +45.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €194,170 | €282,657 | +€88,487 | +45.6% |
| Amounts payable | 17/49 | €120,165 | €101,827 | -€18,338 | -15.3% |
| Amounts payable after more than one year | 17 | €19,581 | €10,373 | -€9,208 | -47.0% |
| Financial debts | 170/4 | €19,581 | €10,373 | -€9,208 | -47.0% |
| Amounts payable within one year | 42/48 | €99,870 | €80,740 | -€19,130 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €11,462 | €9,208 | -€2,254 | -19.7% |
| Trade debts | 44 | €25,040 | €16,163 | -€8,877 | -35.5% |
| Suppliers | 440/4 | €25,040 | €16,163 | -€8,877 | -35.5% |
| Taxes, remuneration and social security | 45 | €62,714 | €55,369 | -€7,345 | -11.7% |
| Taxes | 450/3 | €53,569 | €44,982 | -€8,587 | -16.0% |
| Remuneration and social security | 454/9 | €9,145 | €10,387 | +€1,242 | +13.6% |
| Other amounts payable | 47/48 | €654 | - | -€654 | |
| Accrued charges and deferred income | 492/3 | €714 | €10,714 | +€10,000 | +1,401% |
| Non-recurring operating income | 76A | €15,534 | €133,528 | +€117,994 | +760% |
| Remuneration, social security and pensions | 62 | €107,740 | €72,867 | -€34,873 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,181 | €20,085 | -€1,096 | -5.2% |
| Other operating charges | 640/8 | €5,923 | €6,081 | +€158 | +2.7% |
| Non-recurring operating charges | 66A | €933 | - | -€933 | |
| Gross operating margin | 9900 | €206,331 | €238,826 | +€32,495 | +15.7% |
| Operating profit (loss) | 9901 | €70,554 | €139,793 | +€69,239 | +98.1% |
| Financial income | 75/76B | €1,430 | €1,507 | +€77 | +5.4% |
| Recurring financial income | 75 | €1,430 | €1,507 | +€77 | +5.4% |
| Financial charges | 65/66B | €3,027 | €1,685 | -€1,342 | -44.3% |
| Recurring financial charges | 65 | €3,027 | €1,685 | -€1,342 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €68,957 | €139,615 | +€70,658 | +102% |
| Income taxes | 67/77 | €19,409 | €41,442 | +€22,033 | +114% |
| Profit (loss) for the period | 9904 | €49,548 | €98,173 | +€48,625 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,548 | €98,173 | +€48,625 | +98.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.