GDS Plomberie: 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.
GDS Plomberie
Largest movements
- Receivables within one year -€32,422
down €32,422 (-60.4%), from €53,645 to €21,223
of which Trade receivables: -€31,040
- Cash +€7,832
up €7,832 (+52.7%), from €14,854 to €22,686
mainly Receivables within one year (+€32,422) and Net result for the year (+€13,008)
- Deferred charges and accrued income +€5,016
up €5,016 (+133%), from €3,774 to €8,790
- Intangible fixed assets +€1,450
new in 2025: €1,450
- Tangible fixed assets +€1,395
new in 2025: €1,395
of which Plant, machinery and equipment: +€990
- Trade debts -€29,963
down €29,963 (-61.9%), from €48,444 to €18,481
- Reserves +€13,008
up €13,008 (+81.8%), from €15,908 to €28,915
- Financial charges +€1,231
up €1,231 (+76.2%), from €1,615 to €2,846
- Depreciation +€541
up €541 (+87,219%), from €1 to €541
- Taxes +€494
up €494 (+12.2%), from €4,055 to €4,549
- Other operating charges +€323
new in 2025: €323
- Gross operating margin -€311
down €311 (-1.4%), from €21,578 to €21,267
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 | €73,407 | €56,451 | -€16,956 | -23.1% |
| Formation expenses | 20 | €1,134 | €907 | -€227 | -20.0% |
| Fixed assets | 21/28 | - | €2,845 | +€2,845 | |
| Intangible fixed assets | 21 | - | €1,450 | +€1,450 | |
| Tangible fixed assets | 22/27 | - | €1,395 | +€1,395 | |
| Plant, machinery and equipment | 23 | - | €990 | +€990 | |
| Furniture and vehicles | 24 | - | €405 | +€405 | |
| Current assets | 29/58 | €72,273 | €52,699 | -€19,574 | -27.1% |
| Amounts receivable within one year | 40/41 | €53,645 | €21,223 | -€32,422 | -60.4% |
| Trade receivables | 40 | €48,442 | €17,402 | -€31,040 | -64.1% |
| Other amounts receivable | 41 | €5,204 | €3,821 | -€1,383 | -26.6% |
| Cash at bank and in hand | 54/58 | €14,854 | €22,686 | +€7,832 | +52.7% |
| Deferred charges and accrued income | 490/1 | €3,774 | €8,790 | +€5,016 | +133% |
| Total equity and liabilities | 10/49 | €73,407 | €56,451 | -€16,956 | -23.1% |
| Equity | 10/15 | €20,908 | €33,915 | +€13,008 | +62.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,908 | €28,915 | +€13,008 | +81.8% |
| Distributable reserves | 133 | €15,908 | €28,915 | +€13,008 | +81.8% |
| Amounts payable | 17/49 | €52,499 | €22,536 | -€29,964 | -57.1% |
| Amounts payable within one year | 42/48 | €52,499 | €22,536 | -€29,964 | -57.1% |
| Trade debts | 44 | €48,444 | €18,481 | -€29,963 | -61.9% |
| Suppliers | 440/4 | €48,444 | €18,481 | -€29,963 | -61.9% |
| Taxes, remuneration and social security | 45 | €4,055 | €4,054 | -€1 | 0.0% |
| Taxes | 450/3 | €4,055 | €4,054 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €541 | +€541 | +87,219% |
| Other operating charges | 640/8 | - | €323 | +€323 | |
| Gross operating margin | 9900 | €21,578 | €21,267 | -€311 | -1.4% |
| Operating profit (loss) | 9901 | €21,578 | €20,402 | -€1,175 | -5.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,615 | €2,846 | +€1,231 | +76.2% |
| Recurring financial charges | 65 | €1,615 | €2,846 | +€1,231 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | €19,963 | €17,557 | -€2,405 | -12.0% |
| Income taxes | 67/77 | €4,055 | €4,549 | +€494 | +12.2% |
| Profit (loss) for the period | 9904 | €15,908 | €13,008 | -€2,900 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,908 | €13,008 | -€2,900 | -18.2% |
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 18 October 2026 via checked.be.