GFID: 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.
GFID
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets +€30,124
up €30,124 (+342%), from €8,818 to €38,942
- Receivables within one year +€17,785
up €17,785 (+16.9%), from €105,536 to €123,321
of which Trade receivables: +€11,957
- Reserves +€93,028
up €93,028 (+89.3%), from €104,127 to €197,156
of which Distributable reserves: +€64,400
- Trade debts +€28,121
up €28,121 (+126%), from €22,250 to €50,372
- Tax, wage and social debts +€14,109
up €14,109 (+50.1%), from €28,185 to €42,294
of which Taxes: +€14,782
- Other debts +€9,627
up €9,627 (+75.8%), from €12,693 to €22,320
- Gross operating margin +€47,345
up €47,345 (+24.9%), from €189,942 to €237,286
- Staff costs +€19,845
up €19,845 (+30.9%), from €64,214 to €84,059
- Taxes +€13,968
up €13,968 (+54.1%), from €25,795 to €39,762
- Write-downs +€8,933
new in 2025: €8,933
- Depreciation +€4,491
up €4,491 (+93.5%), from €4,801 to €9,292
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 | €369,536 | €514,215 | +€144,678 | +39.2% |
| Fixed assets | 21/28 | €8,818 | €38,942 | +€30,124 | +342% |
| Tangible fixed assets | 22/27 | €8,818 | €38,942 | +€30,124 | +342% |
| Furniture and vehicles | 24 | €8,818 | €38,942 | +€30,124 | +342% |
| Current assets | 29/58 | €360,719 | €475,273 | +€114,554 | +31.8% |
| Amounts receivable within one year | 40/41 | €105,536 | €123,321 | +€17,785 | +16.9% |
| Trade receivables | 40 | €105,536 | €117,493 | +€11,957 | +11.3% |
| Other amounts receivable | 41 | - | €5,828 | +€5,828 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €250,183 | €251,952 | +€1,769 | +0.7% |
| Deferred charges and accrued income | 490/1 | €5,000 | - | -€5,000 | |
| Total equity and liabilities | 10/49 | €369,536 | €514,215 | +€144,678 | +39.2% |
| Equity | 10/15 | €306,326 | €399,070 | +€92,743 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,127 | €197,156 | +€93,028 | +89.3% |
| Tax-exempt reserves | 132 | €79,990 | €108,618 | +€28,628 | +35.8% |
| Distributable reserves | 133 | €24,137 | €88,538 | +€64,400 | +267% |
| Profit (loss) carried forward | 14 | €183,599 | €183,314 | -€285 | -0.2% |
| Amounts payable | 17/49 | €63,210 | €115,145 | +€51,935 | +82.2% |
| Amounts payable within one year | 42/48 | €63,128 | €114,985 | +€51,857 | +82.1% |
| Trade debts | 44 | €22,250 | €50,372 | +€28,121 | +126% |
| Suppliers | 440/4 | €22,250 | €50,372 | +€28,121 | +126% |
| Taxes, remuneration and social security | 45 | €28,185 | €42,294 | +€14,109 | +50.1% |
| Taxes | 450/3 | €18,756 | €33,538 | +€14,782 | +78.8% |
| Remuneration and social security | 454/9 | €9,430 | €8,756 | -€673 | -7.1% |
| Other amounts payable | 47/48 | €12,693 | €22,320 | +€9,627 | +75.8% |
| Accrued charges and deferred income | 492/3 | €82 | €159 | +€78 | +94.8% |
| Remuneration, social security and pensions | 62 | €64,214 | €84,059 | +€19,845 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,801 | €9,292 | +€4,491 | +93.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,933 | +€8,933 | |
| Other operating charges | 640/8 | €864 | €2,494 | +€1,630 | +189% |
| Gross operating margin | 9900 | €189,942 | €237,286 | +€47,345 | +24.9% |
| Operating profit (loss) | 9901 | €120,062 | €132,508 | +€12,446 | +10.4% |
| Financial income | 75/76B | €1 | €330 | +€329 | +56,717% |
| Recurring financial income | 75 | €1 | €330 | +€329 | +56,717% |
| Financial charges | 65/66B | €306 | €47 | -€259 | -84.6% |
| Recurring financial charges | 65 | €306 | €47 | -€259 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €119,757 | €132,791 | +€13,034 | +10.9% |
| Income taxes | 67/77 | €25,795 | €39,762 | +€13,968 | +54.1% |
| Profit (loss) for the period | 9904 | €93,962 | €93,028 | -€934 | -1.0% |
| Transfer from tax-exempt reserves | 789 | - | €37,890 | +€37,890 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €66,518 | +€24,418 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,862 | €64,400 | +€12,538 | +24.2% |
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 14 October 2026 via checked.be.