GDV Projectontwikkeling: 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.
GDV Projectontwikkeling
Largest movements
- Cash -€439,922
down €439,922 (-64.9%), from €677,894 to €237,973
mainly Short-term financial debts (-€1.0m) and Receivables within one year (-€350,308)
- Receivables within one year +€350,308
up €350,308 (+176.3%), from €198,717 to €549,025
of which Other amounts receivable: +€304,106
- Stocks and contracts -€229,955
down €229,955 (-17.9%), from €1.3m to €1.1m
- Short-term financial debts -€1.0m
down €1.0m (-73.6%), from €1.4m to €366,147
- Reserves +€523,343
up €523,343 (+478.9%), from €109,287 to €632,630
- Other debts -€255,000
down €255,000 (-87.9%), from €290,000 to €35,000
- Accrued charges and deferred income +€244,390
up €244,390 (+596.0%), from €41,002 to €285,392
- Tax, wage and social debts +€125,959
up €125,959 (+127.9%), from €98,493 to €224,453
- Gross operating margin +€654,799
up €654,799 (+413.1%), from €158,519 to €813,318
- Taxes +€130,952
up €130,952 (+355.6%), from €36,829 to €167,781
- Financial charges +€105,896
new in 2025: €105,896
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 | €2,261,155 | €1,941,587 | -€319,569 | -14.1% |
| Current assets | 29/58 | €2,261,155 | €1,941,587 | -€319,569 | -14.1% |
| Stocks and contracts in progress | 3 | €1,288,109 | €1,058,154 | -€229,955 | -17.9% |
| Stocks | 30/36 | €1,288,109 | €1,058,154 | -€229,955 | -17.9% |
| Amounts receivable within one year | 40/41 | €198,717 | €549,025 | +€350,308 | +176.3% |
| Trade receivables | 40 | €198,717 | €244,919 | +€46,202 | +23.3% |
| Other amounts receivable | 41 | - | €304,106 | +€304,106 | |
| Cash at bank and in hand | 54/58 | €677,894 | €237,973 | -€439,922 | -64.9% |
| Deferred charges and accrued income | 490/1 | €96,435 | €96,435 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,261,155 | €1,941,587 | -€319,569 | -14.1% |
| Equity | 10/15 | €129,287 | €652,630 | +€523,343 | +404.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €109,287 | €632,630 | +€523,343 | +478.9% |
| Distributable reserves | 133 | €109,287 | €632,630 | +€523,343 | +478.9% |
| Amounts payable | 17/49 | €2,131,869 | €1,288,957 | -€842,912 | -39.5% |
| Amounts payable within one year | 42/48 | €2,090,867 | €1,003,565 | -€1.1m | -52.0% |
| Financial debts | 43 | €1,385,207 | €366,147 | -€1.0m | -73.6% |
| Credit institutions | 430/8 | €1,385,207 | €366,147 | -€1.0m | -73.6% |
| Trade debts | 44 | €317,166 | €377,965 | +€60,799 | +19.2% |
| Suppliers | 440/4 | €317,166 | €377,965 | +€60,799 | +19.2% |
| Taxes, remuneration and social security | 45 | €98,493 | €224,453 | +€125,959 | +127.9% |
| Taxes | 450/3 | €98,493 | €224,453 | +€125,959 | +127.9% |
| Other amounts payable | 47/48 | €290,000 | €35,000 | -€255,000 | -87.9% |
| Accrued charges and deferred income | 492/3 | €41,002 | €285,392 | +€244,390 | +596.0% |
| Other operating charges | 640/8 | €13,967 | €18,122 | +€4,154 | +29.7% |
| Gross operating margin | 9900 | €158,519 | €813,318 | +€654,799 | +413.1% |
| Operating profit (loss) | 9901 | €144,551 | €795,196 | +€650,645 | +450.1% |
| Financial income | 75/76B | €1,564 | €1,825 | +€261 | +16.7% |
| Recurring financial income | 75 | €1,564 | €1,825 | +€261 | +16.7% |
| Financial charges | 65/66B | - | €105,896 | +€105,896 | |
| Recurring financial charges | 65 | - | €105,896 | +€105,896 | |
| Profit (loss) for the period before taxes | 9903 | €146,115 | €691,124 | +€545,009 | +373.0% |
| Income taxes | 67/77 | €36,829 | €167,781 | +€130,952 | +355.6% |
| Profit (loss) for the period | 9904 | €109,287 | €523,343 | +€414,057 | +378.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,287 | €523,343 | +€414,057 | +378.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.