GMDS Drafting Service: 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.
GMDS Drafting Service
Largest movements
- Cash -€58,127
down €58,127 (-53.9%), from €107,899 to €49,771
mainly Contributions, distributions and other (-€58,824) and Investment in fixed assets (net) (-€31,383)
- Current investments +€20,428
up €20,428 (+1,241%), from €1,646 to €22,075
- Tangible fixed assets +€16,904
up €16,904 (+47.0%), from €35,943 to €52,847
of which Furniture and vehicles: +€15,602
- Receivables within one year +€14,381
up €14,381 (+52.2%), from €27,559 to €41,940
of which Trade receivables: +€14,030
- Deferred charges and accrued income -€1,838
down €1,838 (-77.2%), from €2,381 to €543
- Reserves -€9,581
down €9,581 (-6.9%), from €139,758 to €130,177
- Current portion of long-term debt +€4,254
up €4,254 (+74.5%), from €5,713 to €9,967
- Debts after one year -€3,217
down €3,217 (-21.7%), from €14,854 to €11,637
- Gross operating margin -€7,651
down €7,651 (-8.6%), from €89,241 to €81,590
- Depreciation +€2,678
up €2,678 (+22.7%), from €11,801 to €14,479
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 | €175,427 | €167,176 | -€8,251 | -4.7% |
| Fixed assets | 21/28 | €35,943 | €52,847 | +€16,904 | +47.0% |
| Tangible fixed assets | 22/27 | €35,943 | €52,847 | +€16,904 | +47.0% |
| Land and buildings | 22 | €3,615 | €2,713 | -€902 | -25.0% |
| Plant, machinery and equipment | 23 | - | €1,135 | +€1,135 | |
| Furniture and vehicles | 24 | €8,929 | €24,530 | +€15,602 | +175% |
| Leasing and similar rights | 25 | €23,399 | €16,604 | -€6,794 | -29.0% |
| Other tangible fixed assets | 26 | - | €7,864 | +€7,864 | |
| Current assets | 29/58 | €139,484 | €114,329 | -€25,155 | -18.0% |
| Amounts receivable within one year | 40/41 | €27,559 | €41,940 | +€14,381 | +52.2% |
| Trade receivables | 40 | €27,419 | €41,449 | +€14,030 | +51.2% |
| Other amounts receivable | 41 | €140 | €491 | +€351 | +251% |
| Current investments | 50/53 | €1,646 | €22,075 | +€20,428 | +1,241% |
| Cash at bank and in hand | 54/58 | €107,899 | €49,771 | -€58,127 | -53.9% |
| Deferred charges and accrued income | 490/1 | €2,381 | €543 | -€1,838 | -77.2% |
| Total equity and liabilities | 10/49 | €175,427 | €167,176 | -€8,251 | -4.7% |
| Equity | 10/15 | €140,258 | €130,677 | -€9,581 | -6.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €139,758 | €130,177 | -€9,581 | -6.9% |
| Distributable reserves | 133 | €139,758 | €130,177 | -€9,581 | -6.9% |
| Amounts payable | 17/49 | €35,170 | €36,499 | +€1,329 | +3.8% |
| Amounts payable after more than one year | 17 | €14,854 | €11,637 | -€3,217 | -21.7% |
| Financial debts | 170/4 | €14,854 | €11,637 | -€3,217 | -21.7% |
| Amounts payable within one year | 42/48 | €20,315 | €24,862 | +€4,546 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €5,713 | €9,967 | +€4,254 | +74.5% |
| Trade debts | 44 | €1,694 | €1,831 | +€137 | +8.1% |
| Suppliers | 440/4 | €1,694 | €1,831 | +€137 | +8.1% |
| Taxes, remuneration and social security | 45 | €11,147 | €11,555 | +€409 | +3.7% |
| Taxes | 450/3 | €11,147 | €11,555 | +€409 | +3.7% |
| Other amounts payable | 47/48 | €1,762 | €1,508 | -€254 | -14.4% |
| Non-recurring operating income | 76A | €905 | €2,331 | +€1,426 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,801 | €14,479 | +€2,678 | +22.7% |
| Other operating charges | 640/8 | €1,287 | €1,614 | +€327 | +25.4% |
| Gross operating margin | 9900 | €89,241 | €81,590 | -€7,651 | -8.6% |
| Operating profit (loss) | 9901 | €76,152 | €65,497 | -€10,655 | -14.0% |
| Financial charges | 65/66B | €1,280 | €1,246 | -€34 | -2.7% |
| Recurring financial charges | 65 | €1,280 | €1,246 | -€34 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €74,873 | €64,251 | -€10,621 | -14.2% |
| Income taxes | 67/77 | €15,860 | €15,009 | -€851 | -5.4% |
| Profit (loss) for the period | 9904 | €59,013 | €49,243 | -€9,770 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,013 | €49,243 | -€9,770 | -16.6% |
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 25 October 2026 via checked.be.