GDTRANS: 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.
GDTRANS
Largest movements
- Receivables within one year -€23,846
down €23,846 (-64.2%), from €37,171 to €13,325
of which Trade receivables: -€20,154
- Tangible fixed assets -€5,756
down €5,756 (-3.7%), from €154,014 to €148,258
of which Leasing and similar rights: -€25,563
- Financial fixed assets +€2,808
up €2,808 (+31.2%), from €9,000 to €11,808
- Accrued charges and deferred income -€52,325
down €52,325 (-99.9%), from €52,362 to €37
- Reserves +€32,500
up €32,500 (+181%), from €17,920 to €50,420
of which Distributable reserves: +€32,500
- Debts after one year -€21,159
down €21,159 (-21.2%), from €99,841 to €78,683
- Other debts -€8,776
down €8,776 (-26.5%), from €33,150 to €24,374
- Trade debts +€8,276
up €8,276 (+149%), from €5,557 to €13,833
- Gross operating margin +€89,232
up €89,232 (+699%), from €12,771 to €102,002
- Depreciation +€24,739
up €24,739 (+375%), from €6,590 to €31,329
- Other operating charges +€23,319
up €23,319 (+11,644%), from €200 to €23,519
- Taxes +€9,238
new in 2025: €9,238
- Financial charges +€3,791
up €3,791 (+232%), from €1,637 to €5,428
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 | €227,522 | €199,849 | -€27,672 | -12.2% |
| Fixed assets | 21/28 | €163,014 | €160,066 | -€2,948 | -1.8% |
| Tangible fixed assets | 22/27 | €154,014 | €148,258 | -€5,756 | -3.7% |
| Plant, machinery and equipment | 23 | €5,618 | €4,821 | -€797 | -14.2% |
| Furniture and vehicles | 24 | €1,639 | €22,243 | +€20,604 | +1,257% |
| Leasing and similar rights | 25 | €146,757 | €121,194 | -€25,563 | -17.4% |
| Financial fixed assets | 28 | €9,000 | €11,808 | +€2,808 | +31.2% |
| Current assets | 29/58 | €64,508 | €39,783 | -€24,724 | -38.3% |
| Stocks and contracts in progress | 3 | €1,387 | €310 | -€1,077 | -77.7% |
| Stocks | 30/36 | €1,387 | €310 | -€1,077 | -77.7% |
| Amounts receivable within one year | 40/41 | €37,171 | €13,325 | -€23,846 | -64.2% |
| Trade receivables | 40 | €33,479 | €13,325 | -€20,154 | -60.2% |
| Other amounts receivable | 41 | €3,692 | - | -€3,692 | |
| Cash at bank and in hand | 54/58 | €21,759 | €19,932 | -€1,827 | -8.4% |
| Deferred charges and accrued income | 490/1 | €4,191 | €6,217 | +€2,026 | +48.3% |
| Total equity and liabilities | 10/49 | €227,522 | €199,849 | -€27,672 | -12.2% |
| Equity | 10/15 | €11,104 | €43,653 | +€32,549 | +293% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,920 | €50,420 | +€32,500 | +181% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €8,920 | €41,420 | +€32,500 | +364% |
| Profit (loss) carried forward | 14 | -€13,016 | -€12,967 | +€49 | +0.4% |
| Amounts payable | 17/49 | €216,418 | €156,196 | -€60,222 | -27.8% |
| Amounts payable after more than one year | 17 | €99,841 | €78,683 | -€21,159 | -21.2% |
| Financial debts | 170/4 | €99,841 | €78,683 | -€21,159 | -21.2% |
| Amounts payable within one year | 42/48 | €64,215 | €77,477 | +€13,262 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €20,354 | €26,432 | +€6,078 | +29.9% |
| Financial debts | 43 | - | €303 | +€303 | |
| Credit institutions | 430/8 | - | €303 | +€303 | |
| Trade debts | 44 | €5,557 | €13,833 | +€8,276 | +149% |
| Suppliers | 440/4 | €5,557 | €13,833 | +€8,276 | +149% |
| Taxes, remuneration and social security | 45 | €5,154 | €12,535 | +€7,381 | +143% |
| Taxes | 450/3 | €1,084 | €11,227 | +€10,142 | +935% |
| Remuneration and social security | 454/9 | €4,070 | €1,309 | -€2,761 | -67.8% |
| Other amounts payable | 47/48 | €33,150 | €24,374 | -€8,776 | -26.5% |
| Accrued charges and deferred income | 492/3 | €52,362 | €37 | -€52,325 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,590 | €31,329 | +€24,739 | +375% |
| Other operating charges | 640/8 | €200 | €23,519 | +€23,319 | +11,644% |
| Gross operating margin | 9900 | €12,771 | €102,002 | +€89,232 | +699% |
| Operating profit (loss) | 9901 | €5,981 | €47,155 | +€41,174 | +688% |
| Financial income | 75/76B | €246 | €62 | -€184 | -75.0% |
| Recurring financial income | 75 | €246 | €62 | -€184 | -75.0% |
| Financial charges | 65/66B | €1,637 | €5,428 | +€3,791 | +232% |
| Recurring financial charges | 65 | €1,637 | €5,428 | +€3,791 | +232% |
| Profit (loss) for the period before taxes | 9903 | €4,589 | €41,788 | +€37,199 | +811% |
| Income taxes | 67/77 | - | €9,238 | +€9,238 | |
| Profit (loss) for the period | 9904 | €4,589 | €32,549 | +€27,960 | +609% |
| Profit (loss) for the period to be appropriated | 9905 | €4,589 | €32,549 | +€27,960 | +609% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.