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 -€4,870
down €4,870 (-43.1%), from €11,292 to €6,421
mainly Trade debts (-€4,334) and Net result for the year (-€3,768)
- Tangible fixed assets -€4,177
down €4,177 (-23.8%), from €17,527 to €13,350
of which Furniture and vehicles: -€3,591
- Receivables within one year +€467
up €467 (+8.7%), from €5,398 to €5,865
of which Other amounts receivable: +€1,740
- Trade debts -€4,334
no longer reported in 2024 (was €4,334)
- Profit (loss) carried forward -€3,768
down €3,768 (-29.4%), from -€12,825 to -€16,593
- Tax, wage and social debts -€554
down €554 (-48.9%), from €1,132 to €579
- Gross operating margin +€5,293
up €5,293, from -€1,172 to €4,120
- Other operating charges -€3,056
down €3,056 (-62.1%), from €4,918 to €1,862
- Depreciation -€1,040
down €1,040 (-15.4%), from €6,750 to €5,710
- Taxes +€75
up €75 (+38.3%), from €195 to €270
- Financial charges +€56
up €56 (+136.0%), from €41 to €97
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,062 | €26,403 | -€8,659 | -24.7% |
| Fixed assets | 21/28 | €17,527 | €13,350 | -€4,177 | -23.8% |
| Tangible fixed assets | 22/27 | €17,527 | €13,350 | -€4,177 | -23.8% |
| Land and buildings | 22 | €3,143 | €2,556 | -€587 | -18.7% |
| Furniture and vehicles | 24 | €14,384 | €10,793 | -€3,591 | -25.0% |
| Current assets | 29/58 | €17,535 | €13,054 | -€4,482 | -25.6% |
| Stocks and contracts in progress | 3 | €482 | €482 | = | 0.0% |
| Stocks | 30/36 | €482 | €482 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,398 | €5,865 | +€467 | +8.7% |
| Trade receivables | 40 | €5,398 | €4,125 | -€1,272 | -23.6% |
| Other amounts receivable | 41 | - | €1,740 | +€1,740 | |
| Cash at bank and in hand | 54/58 | €11,292 | €6,421 | -€4,870 | -43.1% |
| Deferred charges and accrued income | 490/1 | €364 | €286 | -€79 | -21.6% |
| Total equity and liabilities | 10/49 | €35,062 | €26,403 | -€8,659 | -24.7% |
| Equity | 10/15 | €29,593 | €25,825 | -€3,768 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,218 | €36,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,358 | €34,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,825 | -€16,593 | -€3,768 | -29.4% |
| Amounts payable | 17/49 | €5,469 | €579 | -€4,891 | -89.4% |
| Amounts payable within one year | 42/48 | €5,469 | €579 | -€4,891 | -89.4% |
| Trade debts | 44 | €4,334 | - | -€4,334 | |
| Suppliers | 440/4 | €4,334 | - | -€4,334 | |
| Taxes, remuneration and social security | 45 | €1,132 | €579 | -€554 | -48.9% |
| Taxes | 450/3 | €1,132 | €579 | -€554 | -48.9% |
| Other amounts payable | 47/48 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €5,710 | -€1,040 | -15.4% |
| Other operating charges | 640/8 | €4,918 | €1,862 | -€3,056 | -62.1% |
| Gross operating margin | 9900 | -€1,172 | €4,120 | +€5,293 | |
| Operating profit (loss) | 9901 | -€12,840 | -€3,451 | +€9,388 | +73.1% |
| Financial income | 75/76B | €0 | €50 | +€50 | +20068.0% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +20068.0% |
| Financial charges | 65/66B | €41 | €97 | +€56 | +136.0% |
| Recurring financial charges | 65 | €41 | €97 | +€56 | +136.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,881 | -€3,498 | +€9,382 | +72.8% |
| Income taxes | 67/77 | €195 | €270 | +€75 | +38.3% |
| Profit (loss) for the period | 9904 | -€13,076 | -€3,768 | +€9,308 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,076 | -€3,768 | +€9,308 | +71.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.