GDP Technics: what changed
What changed
GDP Technics
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€57,191
2024 · -€9,586+€66,777
Equity
€125,520
2024 · €68,329+€57,191
Cash
€21,724
2024 · €11,196+€10,528
Balance sheet total
€543,681
2024 · €474,730+€68,951
Largest movements
Assets
- Receivables within one year +€95,714
up €95,714 (+157%), from €60,885 to €156,600
of which Trade receivables: +€88,375
- Tangible fixed assets -€34,311
down €34,311 (-9.9%), from €348,069 to €313,758
of which Furniture and vehicles: -€46,638
- Cash +€10,528
up €10,528 (+94.0%), from €11,196 to €21,724
mainly Depreciation (+€73,038) and Trade debts (+€72,769)
Equity and liabilities
- Other debts -€78,547
down €78,547 (-23.0%), from €342,150 to €263,603
- Trade debts +€72,769
up €72,769 (+364%), from €20,010 to €92,779
- Reserves +€57,191
up €57,191 (+92.1%), from €62,129 to €119,320
of which Distributable reserves: +€57,191
- Tax, wage and social debts +€21,870
up €21,870 (+1,048%), from €2,087 to €23,958
of which Taxes: +€22,356
Income statement
- Gross operating margin +€90,546
up €90,546 (+126%), from €72,052 to €162,599
- Taxes +€22,356
up €22,356 (+8,539%), from €262 to €22,618
- Other operating charges +€2,350
up €2,350 (+37.2%), from €6,325 to €8,675
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€9,586
Gross operating margin
+€90,546
Depreciation
+€1,042
Other operating charges
-€2,350
Financial income
+€24
Financial charges
-€129
Taxes
-€22,356
Result 2025
€57,191
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,816
Investment
-€34,950
Financing
-€4,338
Cash 2024
€11,196
From operations (derived)
+€49,816
Net result for the year
+€57,191
Depreciation
+€73,038
Stocks and contracts
+€1,942
Receivables within one year
-€95,714
Deferred charges and accrued income
-€2,739
Trade debts
+€72,769
Tax, wage and social debts
+€21,870
Other debts
-€78,547
Accrued charges and deferred income
+€5
Investment (derived)
-€34,950
Investment in fixed assets (net)
-€34,950
Financing
-€4,338
Debts after one year
-€4,419
Current portion of long-term debt
+€81
Cash 2025
€21,724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €474,730 | €543,681 | +€68,951 | +14.5% |
| Fixed assets | 21/28 | €352,556 | €314,468 | -€38,088 | -10.8% |
| Intangible fixed assets | 21 | €3,778 | €0 | -€3,778 | -100% |
| Tangible fixed assets | 22/27 | €348,069 | €313,758 | -€34,311 | -9.9% |
| Land and buildings | 22 | €189,921 | €192,407 | +€2,486 | +1.3% |
| Plant, machinery and equipment | 23 | €7,439 | €17,280 | +€9,841 | +132% |
| Furniture and vehicles | 24 | €150,708 | €104,070 | -€46,638 | -30.9% |
| Financial fixed assets | 28 | €710 | €710 | = | 0.0% |
| Current assets | 29/58 | €122,174 | €229,213 | +€107,039 | +87.6% |
| Stocks and contracts in progress | 3 | €45,501 | €43,559 | -€1,942 | -4.3% |
| Stocks | 30/36 | €45,501 | €43,559 | -€1,942 | -4.3% |
| Amounts receivable within one year | 40/41 | €60,885 | €156,600 | +€95,714 | +157% |
| Trade receivables | 40 | €47,291 | €135,666 | +€88,375 | +187% |
| Other amounts receivable | 41 | €13,595 | €20,934 | +€7,339 | +54.0% |
| Cash at bank and in hand | 54/58 | €11,196 | €21,724 | +€10,528 | +94.0% |
| Deferred charges and accrued income | 490/1 | €4,591 | €7,330 | +€2,739 | +59.7% |
| Total equity and liabilities | 10/49 | €474,730 | €543,681 | +€68,951 | +14.5% |
| Equity | 10/15 | €68,329 | €125,520 | +€57,191 | +83.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,129 | €119,320 | +€57,191 | +92.1% |
| Tax-exempt reserves | 132 | €46,707 | €46,707 | = | 0.0% |
| Distributable reserves | 133 | €15,422 | €72,613 | +€57,191 | +371% |
| Amounts payable | 17/49 | €406,401 | €418,161 | +€11,760 | +2.9% |
| Amounts payable after more than one year | 17 | €37,759 | €33,339 | -€4,419 | -11.7% |
| Financial debts | 170/4 | €37,759 | €33,339 | -€4,419 | -11.7% |
| Amounts payable within one year | 42/48 | €368,585 | €384,759 | +€16,174 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €4,338 | €4,419 | +€81 | +1.9% |
| Trade debts | 44 | €20,010 | €92,779 | +€72,769 | +364% |
| Suppliers | 440/4 | €20,010 | €92,779 | +€72,769 | +364% |
| Taxes, remuneration and social security | 45 | €2,087 | €23,958 | +€21,870 | +1,048% |
| Taxes | 450/3 | €262 | €22,618 | +€22,356 | +8,539% |
| Remuneration and social security | 454/9 | €1,826 | €1,340 | -€486 | -26.6% |
| Other amounts payable | 47/48 | €342,150 | €263,603 | -€78,547 | -23.0% |
| Accrued charges and deferred income | 492/3 | €58 | €62 | +€5 | +8.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,080 | €73,038 | -€1,042 | -1.4% |
| Other operating charges | 640/8 | €6,325 | €8,675 | +€2,350 | +37.2% |
| Gross operating margin | 9900 | €72,052 | €162,599 | +€90,546 | +126% |
| Operating profit (loss) | 9901 | -€8,352 | €80,886 | +€89,238 | |
| Financial income | 75/76B | €120 | €144 | +€24 | +19.8% |
| Recurring financial income | 75 | €120 | €144 | +€24 | +19.8% |
| Financial charges | 65/66B | €1,092 | €1,221 | +€129 | +11.8% |
| Recurring financial charges | 65 | €1,092 | €1,221 | +€129 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,324 | €79,809 | +€89,133 | |
| Income taxes | 67/77 | €262 | €22,618 | +€22,356 | +8,539% |
| Profit (loss) for the period | 9904 | -€9,586 | €57,191 | +€66,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,586 | €57,191 | +€66,777 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.