GDR-Technics: 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-Technics
Largest movements
- Receivables within one year +€107,747
up €107,747 (+167%), from €64,535 to €172,282
of which Trade receivables: +€81,187
- Cash +€95,311
up €95,311 (+2,554%), from €3,732 to €99,043
mainly Trade debts (+€144,221) and Net result for the year (+€68,067)
- Tangible fixed assets -€12,241
down €12,241 (-5.8%), from €209,318 to €197,076
of which Land and buildings: -€7,508
- Trade debts +€144,221
up €144,221 (+794%), from €18,175 to €162,395
- Reserves +€68,067
up €68,067 (+118%), from €57,749 to €125,815
- Debts after one year -€16,910
down €16,910 (-9.5%), from €178,335 to €161,425
- Gross operating margin +€45,278
up €45,278 (+57.4%), from €78,894 to €124,171
- Taxes +€9,093
up €9,093 (+75.6%), from €12,024 to €21,117
- Staff costs +€5,896
new in 2025: €5,896
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 | €282,623 | €474,985 | +€192,362 | +68.1% |
| Fixed assets | 21/28 | €209,318 | €197,077 | -€12,241 | -5.8% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -13.0% |
| Tangible fixed assets | 22/27 | €209,318 | €197,076 | -€12,241 | -5.8% |
| Land and buildings | 22 | €185,547 | €178,039 | -€7,508 | -4.0% |
| Plant, machinery and equipment | 23 | €5,250 | €4,394 | -€856 | -16.3% |
| Furniture and vehicles | 24 | €18,521 | €14,643 | -€3,878 | -20.9% |
| Current assets | 29/58 | €73,305 | €277,908 | +€204,603 | +279% |
| Stocks and contracts in progress | 3 | €3,666 | €4,698 | +€1,033 | +28.2% |
| Stocks | 30/36 | €3,666 | €4,698 | +€1,033 | +28.2% |
| Amounts receivable within one year | 40/41 | €64,535 | €172,282 | +€107,747 | +167% |
| Trade receivables | 40 | €47,731 | €128,918 | +€81,187 | +170% |
| Other amounts receivable | 41 | €16,804 | €43,363 | +€26,559 | +158% |
| Cash at bank and in hand | 54/58 | €3,732 | €99,043 | +€95,311 | +2,554% |
| Deferred charges and accrued income | 490/1 | €1,372 | €1,885 | +€513 | +37.4% |
| Total equity and liabilities | 10/49 | €282,623 | €474,985 | +€192,362 | +68.1% |
| Equity | 10/15 | €60,749 | €128,815 | +€68,067 | +112% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,749 | €125,815 | +€68,067 | +118% |
| Distributable reserves | 133 | €57,749 | €125,815 | +€68,067 | +118% |
| Amounts payable | 17/49 | €221,875 | €346,170 | +€124,295 | +56.0% |
| Amounts payable after more than one year | 17 | €178,335 | €161,425 | -€16,910 | -9.5% |
| Financial debts | 170/4 | €178,335 | €161,425 | -€16,910 | -9.5% |
| Amounts payable within one year | 42/48 | €43,539 | €184,745 | +€141,205 | +324% |
| Current portion of amounts payable after more than one year | 42 | €15,532 | €16,910 | +€1,378 | +8.9% |
| Trade debts | 44 | €18,175 | €162,395 | +€144,221 | +794% |
| Suppliers | 440/4 | €18,175 | €162,395 | +€144,221 | +794% |
| Taxes, remuneration and social security | 45 | €9,824 | €5,439 | -€4,384 | -44.6% |
| Taxes | 450/3 | €9,824 | €3 | -€9,821 | -100.0% |
| Remuneration and social security | 454/9 | - | €5,436 | +€5,436 | |
| Other amounts payable | 47/48 | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | - | €5,896 | +€5,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,110 | €15,318 | +€208 | +1.4% |
| Other operating charges | 640/8 | €2,202 | €2,770 | +€567 | +25.8% |
| Gross operating margin | 9900 | €78,894 | €124,171 | +€45,278 | +57.4% |
| Operating profit (loss) | 9901 | €61,581 | €100,188 | +€38,607 | +62.7% |
| Financial income | 75/76B | €0 | €5 | +€5 | +17,700% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +17,700% |
| Financial charges | 65/66B | €11,510 | €11,010 | -€500 | -4.3% |
| Recurring financial charges | 65 | €11,510 | €11,010 | -€500 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €50,071 | €89,184 | +€39,112 | +78.1% |
| Income taxes | 67/77 | €12,024 | €21,117 | +€9,093 | +75.6% |
| Profit (loss) for the period | 9904 | €38,048 | €68,067 | +€30,019 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,048 | €68,067 | +€30,019 | +78.9% |
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 17 October 2026 via checked.be.