GDTEC: 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.
GDTEC
Largest movements
- Cash -€214,264
down €214,264 (-39.3%), from €544,972 to €330,708
mainly Contributions, distributions and other (-€485,504) and Advances received (-€255,000)
- Current investments -€97,317
no longer reported in 2025 (was €97,317)
- Receivables within one year -€48,191
down €48,191 (-12.3%), from €390,497 to €342,306
of which Other amounts receivable: -€45,145
- Tangible fixed assets -€34,067
down €34,067 (-32.7%), from €104,114 to €70,047
of which Furniture and vehicles: -€31,692
- Advances received -€255,000
no longer reported in 2025 (was €255,000)
- Other debts -€78,436
down €78,436 (-13.9%), from €563,940 to €485,504
- Profit (loss) carried forward -€69,058
down €69,058 (-23.3%), from €295,783 to €226,724
- Gross operating margin +€102,754
up €102,754 (+10.5%), from €978,427 to €1.1m
- Staff costs +€78,854
up €78,854 (+16.8%), from €470,387 to €549,241
- Taxes -€18,849
down €18,849 (-19.8%), from €95,365 to €76,516
- Financial charges -€12,983
down €12,983 (-69.1%), from €18,784 to €5,801
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 | €1,320,540 | €919,367 | -€401,173 | -30.4% |
| Fixed assets | 21/28 | €104,114 | €70,047 | -€34,067 | -32.7% |
| Tangible fixed assets | 22/27 | €104,114 | €70,047 | -€34,067 | -32.7% |
| Plant, machinery and equipment | 23 | €4,448 | €2,073 | -€2,375 | -53.4% |
| Furniture and vehicles | 24 | €99,666 | €67,974 | -€31,692 | -31.8% |
| Current assets | 29/58 | €1,216,426 | €849,320 | -€367,106 | -30.2% |
| Stocks and contracts in progress | 3 | €175,800 | €166,680 | -€9,120 | -5.2% |
| Stocks | 30/36 | €114,800 | €106,680 | -€8,120 | -7.1% |
| Contracts in progress | 37 | €61,000 | €60,000 | -€1,000 | -1.6% |
| Amounts receivable within one year | 40/41 | €390,497 | €342,306 | -€48,191 | -12.3% |
| Trade receivables | 40 | €273,213 | €270,167 | -€3,046 | -1.1% |
| Other amounts receivable | 41 | €117,284 | €72,139 | -€45,145 | -38.5% |
| Current investments | 50/53 | €97,317 | - | -€97,317 | |
| Cash at bank and in hand | 54/58 | €544,972 | €330,708 | -€214,264 | -39.3% |
| Deferred charges and accrued income | 490/1 | €7,840 | €9,626 | +€1,786 | +22.8% |
| Total equity and liabilities | 10/49 | €1,320,540 | €919,367 | -€401,173 | -30.4% |
| Equity | 10/15 | €317,783 | €248,724 | -€69,058 | -21.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295,783 | €226,724 | -€69,058 | -23.3% |
| Amounts payable | 17/49 | €1,002,757 | €670,642 | -€332,115 | -33.1% |
| Amounts payable within one year | 42/48 | €1,002,757 | €670,642 | -€332,115 | -33.1% |
| Trade debts | 44 | €118,518 | €107,425 | -€11,094 | -9.4% |
| Suppliers | 440/4 | €118,518 | €107,425 | -€11,094 | -9.4% |
| Advances received on contracts in progress | 46 | €255,000 | - | -€255,000 | |
| Taxes, remuneration and social security | 45 | €65,299 | €77,714 | +€12,415 | +19.0% |
| Taxes | 450/3 | €10,581 | €13,962 | +€3,380 | +31.9% |
| Remuneration and social security | 454/9 | €54,718 | €63,752 | +€9,034 | +16.5% |
| Other amounts payable | 47/48 | €563,940 | €485,504 | -€78,436 | -13.9% |
| Non-recurring operating income | 76A | €2,916 | €1,893 | -€1,023 | -35.1% |
| Remuneration, social security and pensions | 62 | €470,387 | €549,241 | +€78,854 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,944 | €36,749 | +€2,804 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,643 | -€3,477 | -€1,835 | -111.7% |
| Other operating charges | 640/8 | €2,658 | €5,815 | +€3,157 | +118.7% |
| Gross operating margin | 9900 | €978,427 | €1,081,181 | +€102,754 | +10.5% |
| Operating profit (loss) | 9901 | €473,081 | €492,854 | +€19,773 | +4.2% |
| Financial income | 75/76B | €4,263 | €5,909 | +€1,646 | +38.6% |
| Recurring financial income | 75 | €4,263 | €5,909 | +€1,646 | +38.6% |
| Financial charges | 65/66B | €18,784 | €5,801 | -€12,983 | -69.1% |
| Recurring financial charges | 65 | €18,784 | €5,801 | -€12,983 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €458,560 | €492,962 | +€34,402 | +7.5% |
| Income taxes | 67/77 | €95,365 | €76,516 | -€18,849 | -19.8% |
| Profit (loss) for the period | 9904 | €363,195 | €416,445 | +€53,251 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €363,195 | €416,445 | +€53,251 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.