GDS: what changed
Two fiscal 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.
GDS
Largest movements
- Cash +€5,119
up €5,119 (+467.4%), from €1,095 to €6,214
mainly Current investments (+€2,987) and Net result for the year (+€1,775)
- Current investments -€2,987
down €2,987 (-61.4%), from €4,864 to €1,877
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€394
up €394 (+11.0%), from €3,590 to €3,984
- Taxes +€236
up €236 (+66.3%), from €356 to €592
- Other operating charges +€48
up €48 (+3.1%), from €1,559 to €1,607
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 | €190,166 | €191,940 | +€1,775 | +0.9% |
| Fixed assets | 21/28 | €183,835 | €183,835 | = | 0.0% |
| Tangible fixed assets | 22/27 | €183,835 | €183,835 | = | 0.0% |
| Land and buildings | 22 | €183,835 | €183,835 | = | 0.0% |
| Current assets | 29/58 | €6,330 | €8,105 | +€1,775 | +28.0% |
| Amounts receivable within one year | 40/41 | €371 | €14 | -€357 | -96.2% |
| Other amounts receivable | 41 | €371 | €14 | -€357 | -96.2% |
| Current investments | 50/53 | €4,864 | €1,877 | -€2,987 | -61.4% |
| Cash at bank and in hand | 54/58 | €1,095 | €6,214 | +€5,119 | +467.4% |
| Total equity and liabilities | 10/49 | €190,166 | €191,940 | +€1,775 | +0.9% |
| Equity | 10/15 | €107,408 | €109,183 | +€1,775 | +1.7% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | - | -€66,000 | |
| Issued capital | 100 | €66,000 | - | -€66,000 | |
| Reserves | 13 | €31,600 | €31,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,600 | - | -€6,600 | |
| Legal reserve | 130 | €6,600 | - | -€6,600 | |
| Distributable reserves | 133 | €25,000 | €31,600 | +€6,600 | +26.4% |
| Profit (loss) carried forward | 14 | €9,808 | €11,583 | +€1,775 | +18.1% |
| Amounts payable | 17/49 | €82,758 | €82,758 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,758 | €82,758 | = | 0.0% |
| Other amounts payable | 47/48 | €82,758 | €82,758 | = | 0.0% |
| Other operating charges | 640/8 | €1,559 | €1,607 | +€48 | +3.1% |
| Gross operating margin | 9900 | €3,590 | €3,984 | +€394 | +11.0% |
| Operating profit (loss) | 9901 | €2,031 | €2,378 | +€347 | +17.1% |
| Financial income | 75/76B | €20 | €18 | -€2 | -9.2% |
| Recurring financial income | 75 | €20 | €18 | -€2 | -9.2% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €2,023 | €2,366 | +€343 | +17.0% |
| Income taxes | 67/77 | €356 | €592 | +€236 | +66.3% |
| Profit (loss) for the period | 9904 | €1,667 | €1,775 | +€108 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,667 | €1,775 | +€108 | +6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.