GDR TRANS: 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 TRANS
Largest movements
- Current investments -€220,426
no longer reported in 2025 (was €220,426)
- Cash +€200,274
up €200,274 (+80.1%), from €250,155 to €450,429
mainly Current investments (+€220,426) and Trade debts (+€19,023)
- Tangible fixed assets +€10,787
up €10,787 (+29.7%), from €36,295 to €47,082
of which Furniture and vehicles: +€16,544
- Receivables within one year -€9,421
down €9,421 (-49.9%), from €18,896 to €9,476
of which Trade receivables: -€9,421
- Accrued charges and deferred income -€32,250
down €32,250 (-99.5%), from €32,400 to €150
- Trade debts +€19,023
up €19,023 (+41.6%), from €45,745 to €64,768
- Gross operating margin +€5,223
up €5,223 (+102.1%), from €5,117 to €10,340
- Depreciation +€1,767
up €1,767 (+25.4%), from €6,946 to €8,713
- Financial income -€1,142
down €1,142 (-26.0%), from €4,398 to €3,256
- Other operating charges +€825
up €825 (+337.3%), from €245 to €1,069
- Taxes +€542
up €542 (+65.2%), from €831 to €1,373
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.
Cash bridge derived
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 | €531,305 | €519,219 | -€12,086 | -2.3% |
| Fixed assets | 21/28 | €36,295 | €47,082 | +€10,787 | +29.7% |
| Tangible fixed assets | 22/27 | €36,295 | €47,082 | +€10,787 | +29.7% |
| Plant, machinery and equipment | 23 | €30,936 | €25,179 | -€5,757 | -18.6% |
| Furniture and vehicles | 24 | €5,359 | €21,903 | +€16,544 | +308.7% |
| Current assets | 29/58 | €495,010 | €472,137 | -€22,873 | -4.6% |
| Stocks and contracts in progress | 3 | €5,533 | €7,638 | +€2,105 | +38.0% |
| Stocks | 30/36 | €5,533 | €7,638 | +€2,105 | +38.0% |
| Amounts receivable within one year | 40/41 | €18,896 | €9,476 | -€9,421 | -49.9% |
| Trade receivables | 40 | €18,396 | €8,976 | -€9,421 | -51.2% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Current investments | 50/53 | €220,426 | - | -€220,426 | |
| Cash at bank and in hand | 54/58 | €250,155 | €450,429 | +€200,274 | +80.1% |
| Deferred charges and accrued income | 490/1 | - | €4,595 | +€4,595 | |
| Total equity and liabilities | 10/49 | €531,305 | €519,219 | -€12,086 | -2.3% |
| Equity | 10/15 | €345,005 | €346,598 | +€1,592 | +0.5% |
| Reserves | 13 | €345,005 | €346,598 | +€1,592 | +0.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | - | €1,900 | +€1,900 | |
| Tax-exempt reserves | 132 | €29,836 | €29,836 | = | 0.0% |
| Distributable reserves | 133 | €313,269 | €314,862 | +€1,592 | +0.5% |
| Amounts payable | 17/49 | €186,300 | €172,621 | -€13,678 | -7.3% |
| Amounts payable after more than one year | 17 | €56,000 | €56,000 | = | 0.0% |
| Financial debts | 170/4 | €56,000 | €56,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,900 | €116,472 | +€18,572 | +19.0% |
| Trade debts | 44 | €45,745 | €64,768 | +€19,023 | +41.6% |
| Suppliers | 440/4 | €45,745 | €64,768 | +€19,023 | +41.6% |
| Taxes, remuneration and social security | 45 | €4,997 | €4,245 | -€752 | -15.0% |
| Taxes | 450/3 | €4,997 | €4,245 | -€752 | -15.0% |
| Other amounts payable | 47/48 | €47,158 | €47,459 | +€301 | +0.6% |
| Accrued charges and deferred income | 492/3 | €32,400 | €150 | -€32,250 | -99.5% |
| Non-recurring operating income | 76A | €372 | - | -€372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,946 | €8,713 | +€1,767 | +25.4% |
| Other operating charges | 640/8 | €245 | €1,069 | +€825 | +337.3% |
| Gross operating margin | 9900 | €5,117 | €10,340 | +€5,223 | +102.1% |
| Operating profit (loss) | 9901 | -€2,074 | €558 | +€2,631 | |
| Financial income | 75/76B | €4,398 | €3,256 | -€1,142 | -26.0% |
| Recurring financial income | 75 | €4,398 | €3,256 | -€1,142 | -26.0% |
| Financial charges | 65/66B | €366 | €848 | +€482 | +131.7% |
| Recurring financial charges | 65 | €366 | €848 | +€482 | +131.7% |
| Profit (loss) for the period before taxes | 9903 | €1,958 | €2,965 | +€1,007 | +51.4% |
| Income taxes | 67/77 | €831 | €1,373 | +€542 | +65.2% |
| Profit (loss) for the period | 9904 | €1,127 | €1,592 | +€465 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,127 | €1,592 | +€465 | +41.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.