GDW VYT: 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.
GDW VYT
Largest movements
- Current investments +€580,013
up €580,013 (+497%), from €116,717 to €696,731
- Cash -€85,991
down €85,991 (-31.2%), from €275,531 to €189,540
mainly Current investments (-€580,013) and Contributions, distributions and other (-€25,320)
- Receivables within one year -€18,852
down €18,852 (-92.5%), from €20,392 to €1,539
- Tangible fixed assets -€15,601
down €15,601 (-27.6%), from €56,531 to €40,930
of which Furniture and vehicles: -€12,680
- Reserves +€381,386
up €381,386 (+107%), from €357,601 to €738,987
- Tax, wage and social debts +€76,750
up €76,750 (+97.6%), from €78,649 to €155,399
- Gross operating margin +€243,333
up €243,333 (+64.5%), from €377,124 to €620,458
- Taxes +€80,090
up €80,090 (+66.1%), from €121,252 to €201,342
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 | €471,292 | €931,544 | +€460,252 | +97.7% |
| Fixed assets | 21/28 | €56,531 | €42,930 | -€13,601 | -24.1% |
| Tangible fixed assets | 22/27 | €56,531 | €40,930 | -€15,601 | -27.6% |
| Furniture and vehicles | 24 | €50,689 | €38,009 | -€12,680 | -25.0% |
| Other tangible fixed assets | 26 | €5,842 | €2,921 | -€2,921 | -50.0% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €414,761 | €888,614 | +€473,853 | +114% |
| Amounts receivable within one year | 40/41 | €20,392 | €1,539 | -€18,852 | -92.5% |
| Trade receivables | 40 | €20,392 | €1,539 | -€18,852 | -92.5% |
| Current investments | 50/53 | €116,717 | €696,731 | +€580,013 | +497% |
| Cash at bank and in hand | 54/58 | €275,531 | €189,540 | -€85,991 | -31.2% |
| Deferred charges and accrued income | 490/1 | €2,121 | €805 | -€1,317 | -62.1% |
| Total equity and liabilities | 10/49 | €471,292 | €931,544 | +€460,252 | +97.7% |
| Equity | 10/15 | €376,248 | €757,634 | +€381,386 | +101% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €357,601 | €738,987 | +€381,386 | +107% |
| Distributable reserves | 133 | €357,601 | €738,987 | +€381,386 | +107% |
| Profit (loss) carried forward | 14 | €6,247 | €6,247 | = | 0.0% |
| Amounts payable | 17/49 | €95,044 | €173,910 | +€78,866 | +83.0% |
| Amounts payable within one year | 42/48 | €95,044 | €173,910 | +€78,866 | +83.0% |
| Trade debts | 44 | €1,492 | €3,461 | +€1,969 | +132% |
| Suppliers | 440/4 | €1,492 | €3,461 | +€1,969 | +132% |
| Taxes, remuneration and social security | 45 | €78,649 | €155,399 | +€76,750 | +97.6% |
| Taxes | 450/3 | €78,649 | €155,399 | +€76,750 | +97.6% |
| Other amounts payable | 47/48 | €14,903 | €15,050 | +€147 | +1.0% |
| Non-recurring operating income | 76A | €905 | - | -€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,626 | €15,601 | +€975 | +6.7% |
| Other operating charges | 640/8 | €1,659 | €937 | -€723 | -43.6% |
| Gross operating margin | 9900 | €377,124 | €620,458 | +€243,333 | +64.5% |
| Operating profit (loss) | 9901 | €360,839 | €603,920 | +€243,081 | +67.4% |
| Financial income | 75/76B | €7,971 | €4,379 | -€3,592 | -45.1% |
| Recurring financial income | 75 | €7,971 | €2,428 | -€5,543 | -69.5% |
| Non-recurring financial income | 76B | - | €1,951 | +€1,951 | |
| Financial charges | 65/66B | €93 | €251 | +€158 | +171% |
| Recurring financial charges | 65 | €93 | €251 | +€158 | +171% |
| Profit (loss) for the period before taxes | 9903 | €368,718 | €608,048 | +€239,331 | +64.9% |
| Income taxes | 67/77 | €121,252 | €201,342 | +€80,090 | +66.1% |
| Profit (loss) for the period | 9904 | €247,465 | €406,706 | +€159,241 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €247,465 | €406,706 | +€159,241 | +64.3% |
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 23 October 2026 via checked.be.