GDR ASSURANCES: 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.
GDR ASSURANCES
Largest movements
- Cash -€5,602
down €5,602 (-56.3%), from €9,948 to €4,346
mainly Deferred charges and accrued income (-€3,727) and Trade debts (-€3,542)
- Deferred charges and accrued income +€3,727
up €3,727 (+199%), from €1,873 to €5,600
- Intangible fixed assets -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Receivables within one year +€639
up €639 (+9.3%), from €6,850 to €7,488
of which Trade receivables: +€2,180
- Trade debts -€3,542
down €3,542 (-83.0%), from €4,270 to €728
- Tax, wage and social debts +€1,241
up €1,241 (+66.4%), from €1,868 to €3,109
- Accrued charges and deferred income -€1,199
down €1,199 (-74.4%), from €1,611 to €412
- Gross operating margin -€4,489
down €4,489 (-48.9%), from €9,187 to €4,697
- Taxes -€627
down €627 (-33.6%), from €1,868 to €1,241
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 | €24,787 | €21,551 | -€3,236 | -13.1% |
| Fixed assets | 21/28 | €6,117 | €4,117 | -€2,000 | -32.7% |
| Intangible fixed assets | 21 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Financial fixed assets | 28 | €2,117 | €2,117 | = | 0.0% |
| Current assets | 29/58 | €18,670 | €17,434 | -€1,236 | -6.6% |
| Amounts receivable within one year | 40/41 | €6,850 | €7,488 | +€639 | +9.3% |
| Trade receivables | 40 | €4,030 | €6,210 | +€2,180 | +54.1% |
| Other amounts receivable | 41 | €2,820 | €1,278 | -€1,541 | -54.7% |
| Cash at bank and in hand | 54/58 | €9,948 | €4,346 | -€5,602 | -56.3% |
| Deferred charges and accrued income | 490/1 | €1,873 | €5,600 | +€3,727 | +199% |
| Total equity and liabilities | 10/49 | €24,787 | €21,551 | -€3,236 | -13.1% |
| Equity | 10/15 | -€56,770 | -€56,673 | +€96 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,808 | €12,808 | = | 0.0% |
| Distributable reserves | 133 | €12,808 | €12,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,170 | -€88,074 | +€96 | +0.1% |
| Amounts payable | 17/49 | €81,557 | €78,225 | -€3,333 | -4.1% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,946 | €27,812 | -€2,133 | -7.1% |
| Trade debts | 44 | €4,270 | €728 | -€3,542 | -83.0% |
| Suppliers | 440/4 | €4,270 | €728 | -€3,542 | -83.0% |
| Taxes, remuneration and social security | 45 | €1,868 | €3,109 | +€1,241 | +66.4% |
| Taxes | 450/3 | €1,868 | €3,109 | +€1,241 | +66.4% |
| Other amounts payable | 47/48 | €23,808 | €23,976 | +€168 | +0.7% |
| Accrued charges and deferred income | 492/3 | €1,611 | €412 | -€1,199 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,180 | €1,209 | +€29 | +2.5% |
| Gross operating margin | 9900 | €9,187 | €4,697 | -€4,489 | -48.9% |
| Operating profit (loss) | 9901 | €6,007 | €1,488 | -€4,519 | -75.2% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €155 | €167 | +€13 | +8.1% |
| Recurring financial charges | 65 | €155 | €167 | +€13 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €5,852 | €1,337 | -€4,515 | -77.2% |
| Income taxes | 67/77 | €1,868 | €1,241 | -€627 | -33.6% |
| Profit (loss) for the period | 9904 | €3,984 | €96 | -€3,888 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,984 | €96 | -€3,888 | -97.6% |
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 19 October 2026 via checked.be.