GDT: 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.
GDT
Largest movements
- Receivables within one year +€39,673
up €39,673 (+109%), from €36,307 to €75,981
of which Trade receivables: +€26,309
- Cash -€28,794
down €28,794 (-49.4%), from €58,257 to €29,463
mainly Contributions, distributions and other (-€98,120) and Receivables within one year (-€39,673)
- Tangible fixed assets -€9,937
down €9,937 (-18.3%), from €54,343 to €44,406
of which Furniture and vehicles: -€9,305
- Reserves -€75,250
down €75,250 (-49.5%), from €151,960 to €76,710
of which Distributable reserves: -€75,250
- Other debts +€49,055
up €49,055 (+48.4%), from €101,259 to €150,314
- Trade debts +€26,283
up €26,283 (+814%), from €3,229 to €29,511
- Tax, wage and social debts +€5,851
up €5,851 (+38.4%), from €15,232 to €21,083
of which Taxes: +€5,351
- Turnover -€279,900
no longer reported in 2025 (was €279,900)
- Purchases and services -€174,085
no longer reported in 2025 (was €174,085)
- Gross operating margin -€57,823
down €57,823 (-50.5%), from €114,446 to €56,623
- Taxes -€11,591
down €11,591 (-44.4%), from €26,097 to €14,507
- Depreciation +€3,645
up €3,645 (+25.2%), from €14,491 to €18,137
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 | €290,280 | €296,219 | +€5,939 | +2.0% |
| Fixed assets | 21/28 | €54,343 | €44,406 | -€9,937 | -18.3% |
| Tangible fixed assets | 22/27 | €54,343 | €44,406 | -€9,937 | -18.3% |
| Furniture and vehicles | 24 | €51,480 | €42,176 | -€9,305 | -18.1% |
| Other tangible fixed assets | 26 | €2,862 | €2,230 | -€632 | -22.1% |
| Current assets | 29/58 | €235,937 | €251,813 | +€15,876 | +6.7% |
| Amounts receivable within one year | 40/41 | €36,307 | €75,981 | +€39,673 | +109% |
| Trade receivables | 40 | €31,460 | €57,769 | +€26,309 | +83.6% |
| Other amounts receivable | 41 | €4,847 | €18,212 | +€13,364 | +276% |
| Current investments | 50/53 | €138,756 | €141,624 | +€2,869 | +2.1% |
| Cash at bank and in hand | 54/58 | €58,257 | €29,463 | -€28,794 | -49.4% |
| Deferred charges and accrued income | 490/1 | €2,617 | €4,745 | +€2,128 | +81.3% |
| Total equity and liabilities | 10/49 | €290,280 | €296,219 | +€5,939 | +2.0% |
| Equity | 10/15 | €170,560 | €95,310 | -€75,250 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,960 | €76,710 | -€75,250 | -49.5% |
| 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 | €150,100 | €74,850 | -€75,250 | -50.1% |
| Amounts payable | 17/49 | €119,720 | €200,909 | +€81,189 | +67.8% |
| Amounts payable within one year | 42/48 | €119,720 | €200,909 | +€81,189 | +67.8% |
| Trade debts | 44 | €3,229 | €29,511 | +€26,283 | +814% |
| Suppliers | 440/4 | €3,229 | €29,511 | +€26,283 | +814% |
| Taxes, remuneration and social security | 45 | €15,232 | €21,083 | +€5,851 | +38.4% |
| Taxes | 450/3 | €14,732 | €20,083 | +€5,351 | +36.3% |
| Remuneration and social security | 454/9 | €500 | €1,000 | +€500 | +100% |
| Other amounts payable | 47/48 | €101,259 | €150,314 | +€49,055 | +48.4% |
| Turnover | 70 | €279,900 | - | -€279,900 | |
| Non-recurring operating income | 76A | €8,630 | - | -€8,630 | |
| Goods, raw materials, services and sundry goods | 60/61 | €174,085 | - | -€174,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,491 | €18,137 | +€3,645 | +25.2% |
| Other operating charges | 640/8 | €1,273 | €1,050 | -€223 | -17.5% |
| Gross operating margin | 9900 | €114,446 | €56,623 | -€57,823 | -50.5% |
| Operating profit (loss) | 9901 | €98,681 | €37,436 | -€61,245 | -62.1% |
| Financial income | 75/76B | €944 | €1,445 | +€502 | +53.2% |
| Recurring financial income | 75 | €944 | €1,445 | +€502 | +53.2% |
| Financial charges | 65/66B | €1,530 | €1,505 | -€26 | -1.7% |
| Recurring financial charges | 65 | €769 | €613 | -€156 | -20.2% |
| Non-recurring financial charges | 66B | €762 | €892 | +€130 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €98,094 | €37,377 | -€60,717 | -61.9% |
| Income taxes | 67/77 | €26,097 | €14,507 | -€11,591 | -44.4% |
| Profit (loss) for the period | 9904 | €71,997 | €22,870 | -€49,127 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,997 | €22,870 | -€49,127 | -68.2% |
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 13 October 2026 via checked.be.