GDT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€7,982
down €7,982 (-44.6%), from €17,883 to €9,901
mainly Other debts (-€345,022) and Tax, wage and social debts (-€12,867)
- Profit (loss) carried forward +€356,199
up €356,199 (+36,369%), from €979 to €357,179
- Other debts -€345,022
down €345,022 (-65.5%), from €526,860 to €181,839
- Tax, wage and social debts -€12,867
down €12,867 (-59.0%), from €21,801 to €8,934
- Short-term financial debts -€6,355
down €6,355 (-100%), from €6,355 to €0
- Financial income +€360,000
new in 2025: €360,000
- Gross operating margin -€147,119
down €147,119 (-98.6%), from €149,268 to €2,149
- Taxes -€32,717
down €32,717 (-98.8%), from €33,109 to €392
- Financial charges -€16,520
down €16,520 (-80.0%), from €20,658 to €4,138
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 | €574,911 | €567,135 | -€7,776 | -1.4% |
| Fixed assets | 21/28 | €555,500 | €555,500 | = | 0.0% |
| Financial fixed assets | 28 | €555,500 | €555,500 | = | 0.0% |
| Current assets | 29/58 | €19,411 | €11,635 | -€7,776 | -40.1% |
| Amounts receivable within one year | 40/41 | €82 | €335 | +€253 | +310% |
| Trade receivables | 40 | - | €335 | +€335 | |
| Other amounts receivable | 41 | €82 | €0 | -€82 | -100% |
| Cash at bank and in hand | 54/58 | €17,883 | €9,901 | -€7,982 | -44.6% |
| Deferred charges and accrued income | 490/1 | €1,446 | €1,399 | -€47 | -3.3% |
| Total equity and liabilities | 10/49 | €574,911 | €567,135 | -€7,776 | -1.4% |
| Equity | 10/15 | €19,579 | €375,779 | +€356,199 | +1,819% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €979 | €357,179 | +€356,199 | +36,369% |
| Amounts payable | 17/49 | €555,331 | €191,356 | -€363,975 | -65.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €555,331 | €191,356 | -€363,975 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,355 | €0 | -€6,355 | -100% |
| Credit institutions | 430/8 | €6,355 | €0 | -€6,355 | -100% |
| Trade debts | 44 | €315 | €583 | +€268 | +85.1% |
| Suppliers | 440/4 | €315 | €583 | +€268 | +85.1% |
| Taxes, remuneration and social security | 45 | €21,801 | €8,934 | -€12,867 | -59.0% |
| Taxes | 450/3 | €21,801 | €8,934 | -€12,867 | -59.0% |
| Other amounts payable | 47/48 | €526,860 | €181,839 | -€345,022 | -65.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,376 | €1,420 | +€44 | +3.2% |
| Gross operating margin | 9900 | €149,268 | €2,149 | -€147,119 | -98.6% |
| Operating profit (loss) | 9901 | €147,892 | €729 | -€147,163 | -99.5% |
| Financial income | 75/76B | - | €360,000 | +€360,000 | |
| Recurring financial income | 75 | - | €360,000 | +€360,000 | |
| Financial charges | 65/66B | €20,658 | €4,138 | -€16,520 | -80.0% |
| Recurring financial charges | 65 | €20,658 | €4,138 | -€16,520 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €127,234 | €356,591 | +€229,357 | +180% |
| Income taxes | 67/77 | €33,109 | €392 | -€32,717 | -98.8% |
| Profit (loss) for the period | 9904 | €94,125 | €356,199 | +€262,074 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €94,125 | €356,199 | +€262,074 | +278% |
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 31 October 2026 via checked.be.