GDV Tech: 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.
GDV Tech
Largest movements
- Receivables within one year +€18,015
up €18,015 (+548%), from €3,289 to €21,304
of which Trade receivables: +€16,787
- Receivables after one year -€16,735
down €16,735 (-100%), from €16,735 to €0
- Tangible fixed assets +€9,798
up €9,798 (+76.6%), from €12,784 to €22,582
of which Furniture and vehicles: +€18,234
- Stocks and contracts +€5,771
up €5,771 (+34.4%), from €16,792 to €22,563
- Debts after one year +€26,007
up €26,007 (+446%), from €5,834 to €31,841
of which Other amounts payable: +€28,943
- Profit (loss) carried forward -€15,517
down €15,517, from €6,605 to -€8,912
- Trade debts +€14,426
up €14,426 (+374%), from €3,853 to €18,280
- Tax, wage and social debts -€5,728
down €5,728 (-100%), from €5,728 to €0
- Other debts -€1,498
down €1,498 (-100%), from €1,498 to €0
- Write-downs +€16,735
up €16,735, from -€16,735 to €0
- Gross operating margin +€8,329
up €8,329, from -€5,440 to €2,888
- Depreciation +€1,766
up €1,766 (+14.9%), from €11,857 to €13,623
- Financial charges +€1,005
up €1,005 (+35.7%), from €2,812 to €3,817
- Other operating charges +€360
up €360 (+119%), from €302 to €663
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 | €50,255 | €66,838 | +€16,583 | +33.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,784 | €22,582 | +€9,798 | +76.6% |
| Tangible fixed assets | 22/27 | €12,784 | €22,582 | +€9,798 | +76.6% |
| Plant, machinery and equipment | 23 | €4,086 | €55 | -€4,031 | -98.7% |
| Furniture and vehicles | 24 | €4,293 | €22,527 | +€18,234 | +425% |
| Leasing and similar rights | 25 | €4,405 | €0 | -€4,405 | -100% |
| Current assets | 29/58 | €37,471 | €44,256 | +€6,785 | +18.1% |
| Amounts receivable after more than one year | 29 | €16,735 | €0 | -€16,735 | -100% |
| Trade receivables | 290 | €16,735 | €0 | -€16,735 | -100% |
| Stocks and contracts in progress | 3 | €16,792 | €22,563 | +€5,771 | +34.4% |
| Stocks | 30/36 | €16,792 | €22,563 | +€5,771 | +34.4% |
| Amounts receivable within one year | 40/41 | €3,289 | €21,304 | +€18,015 | +548% |
| Trade receivables | 40 | €2,563 | €19,350 | +€16,787 | +655% |
| Other amounts receivable | 41 | €726 | €1,954 | +€1,228 | +169% |
| Cash at bank and in hand | 54/58 | €0 | €79 | +€79 | |
| Deferred charges and accrued income | 490/1 | €655 | €310 | -€345 | -52.7% |
| Total equity and liabilities | 10/49 | €50,255 | €66,838 | +€16,583 | +33.0% |
| Equity | 10/15 | €21,605 | €6,088 | -€15,517 | -71.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €11,500 | €11,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,605 | -€8,912 | -€15,517 | |
| Amounts payable | 17/49 | €28,650 | €60,750 | +€32,100 | +112% |
| Amounts payable after more than one year | 17 | €5,834 | €31,841 | +€26,007 | +446% |
| Financial debts | 170/4 | €5,834 | €2,898 | -€2,936 | -50.3% |
| Other amounts payable | 178/9 | - | €28,943 | +€28,943 | |
| Amounts payable within one year | 42/48 | €22,816 | €28,909 | +€6,093 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €2,719 | €2,936 | +€217 | +8.0% |
| Financial debts | 43 | €9,018 | €7,693 | -€1,325 | -14.7% |
| Credit institutions | 430/8 | €9,018 | €7,693 | -€1,325 | -14.7% |
| Trade debts | 44 | €3,853 | €18,280 | +€14,426 | +374% |
| Suppliers | 440/4 | €3,853 | €18,280 | +€14,426 | +374% |
| Taxes, remuneration and social security | 45 | €5,728 | €0 | -€5,728 | -100% |
| Taxes | 450/3 | €5,728 | €0 | -€5,728 | -100% |
| Other amounts payable | 47/48 | €1,498 | €0 | -€1,498 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €198 | €309 | +€111 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,857 | €13,623 | +€1,766 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,735 | €0 | +€16,735 | |
| Other operating charges | 640/8 | €302 | €663 | +€360 | +119% |
| Gross operating margin | 9900 | -€5,440 | €2,888 | +€8,329 | |
| Operating profit (loss) | 9901 | -€1,063 | -€11,706 | -€10,643 | -1,001% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €2,812 | €3,817 | +€1,005 | +35.7% |
| Recurring financial charges | 65 | €2,812 | €3,817 | +€1,005 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,875 | -€15,517 | -€11,641 | -300% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,875 | -€15,517 | -€11,641 | -300% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,875 | -€15,517 | -€11,641 | -300% |
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.