GDR Bizzness: 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 Bizzness
Largest movements
- Stocks and contracts +€21,668
up €21,668 (+41.5%), from €52,198 to €73,866
- Tangible fixed assets -€8,252
down €8,252 (-16.7%), from €49,339 to €41,087
of which Furniture and vehicles: -€10,547
- Cash -€7,199
down €7,199 (-28.2%), from €25,547 to €18,348
mainly Stocks and contracts (-€21,668) and Net result for the year (-€11,400)
- Receivables within one year -€3,937
down €3,937 (-10.2%), from €38,445 to €34,508
of which Trade receivables: -€3,503
- Deferred charges and accrued income +€1,723
up €1,723 (+323%), from €533 to €2,255
- Trade debts +€35,664
up €35,664 (+618%), from €5,771 to €41,435
- Profit (loss) carried forward -€11,400
down €11,400, from €0 to -€11,400
- Short-term financial debts -€11,399
down €11,399 (-62.5%), from €18,244 to €6,845
of which Credit institutions: -€11,399
- Debts after one year -€6,817
down €6,817 (-14.2%), from €48,083 to €41,266
- Gross operating margin -€41,233
down €41,233 (-90.0%), from €45,795 to €4,561
- Taxes -€7,997
down €7,997 (-98.4%), from €8,129 to €132
- Depreciation -€2,406
down €2,406 (-18.2%), from €13,190 to €10,784
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 | €166,061 | €171,717 | +€5,656 | +3.4% |
| Fixed assets | 21/28 | €49,339 | €42,741 | -€6,598 | -13.4% |
| Intangible fixed assets | 21 | - | €1,653 | +€1,653 | |
| Tangible fixed assets | 22/27 | €49,339 | €41,087 | -€8,252 | -16.7% |
| Plant, machinery and equipment | 23 | €0 | €2,296 | +€2,296 | |
| Furniture and vehicles | 24 | €49,339 | €38,792 | -€10,547 | -21.4% |
| Current assets | 29/58 | €116,722 | €128,977 | +€12,254 | +10.5% |
| Stocks and contracts in progress | 3 | €52,198 | €73,866 | +€21,668 | +41.5% |
| Stocks | 30/36 | €52,198 | €73,866 | +€21,668 | +41.5% |
| Amounts receivable within one year | 40/41 | €38,445 | €34,508 | -€3,937 | -10.2% |
| Trade receivables | 40 | €33,129 | €29,626 | -€3,503 | -10.6% |
| Other amounts receivable | 41 | €5,316 | €4,882 | -€435 | -8.2% |
| Cash at bank and in hand | 54/58 | €25,547 | €18,348 | -€7,199 | -28.2% |
| Deferred charges and accrued income | 490/1 | €533 | €2,255 | +€1,723 | +323% |
| Total equity and liabilities | 10/49 | €166,061 | €171,717 | +€5,656 | +3.4% |
| Equity | 10/15 | €73,131 | €61,731 | -€11,400 | -15.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €66,631 | €66,631 | = | 0.0% |
| Distributable reserves | 133 | €66,631 | €66,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,400 | -€11,400 | |
| Amounts payable | 17/49 | €92,930 | €109,986 | +€17,056 | +18.4% |
| Amounts payable after more than one year | 17 | €48,083 | €41,266 | -€6,817 | -14.2% |
| Financial debts | 170/4 | €48,083 | €41,266 | -€6,817 | -14.2% |
| Amounts payable within one year | 42/48 | €44,648 | €68,316 | +€23,668 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €8,508 | €6,817 | -€1,691 | -19.9% |
| Financial debts | 43 | €18,244 | €6,845 | -€11,399 | -62.5% |
| Credit institutions | 430/8 | €16,911 | €5,512 | -€11,399 | -67.4% |
| Other loans | 439 | €1,333 | €1,333 | = | 0.0% |
| Trade debts | 44 | €5,771 | €41,435 | +€35,664 | +618% |
| Suppliers | 440/4 | €5,771 | €41,435 | +€35,664 | +618% |
| Taxes, remuneration and social security | 45 | €10,886 | €11,979 | +€1,093 | +10.0% |
| Taxes | 450/3 | €10,886 | €11,979 | +€1,093 | +10.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,239 | €1,240 | +€1 | +0.1% |
| Accrued charges and deferred income | 492/3 | €200 | €404 | +€204 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,190 | €10,784 | -€2,406 | -18.2% |
| Other operating charges | 640/8 | €1,275 | €1,447 | +€173 | +13.6% |
| Gross operating margin | 9900 | €45,795 | €4,561 | -€41,233 | -90.0% |
| Operating profit (loss) | 9901 | €31,330 | -€7,670 | -€39,000 | |
| Financial income | 75/76B | €110 | €198 | +€88 | +80.1% |
| Recurring financial income | 75 | €110 | €198 | +€88 | +80.1% |
| Financial charges | 65/66B | €3,702 | €3,796 | +€93 | +2.5% |
| Recurring financial charges | 65 | €3,702 | €3,796 | +€93 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €27,738 | -€11,268 | -€39,005 | |
| Income taxes | 67/77 | €8,129 | €132 | -€7,997 | -98.4% |
| Profit (loss) for the period | 9904 | €19,609 | -€11,400 | -€31,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,609 | -€11,400 | -€31,008 |
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 24 October 2026 via checked.be.