GDC Services: what changed
GDC Services
Largest movements
- Receivables within one year +€40,359
up €40,359 (+649%), from €6,222 to €46,581
of which Other amounts receivable: +€42,388
- Cash -€1,571
down €1,571 (-38.2%), from €4,115 to €2,544
mainly Receivables within one year (-€40,359) and Other debts (-€24,307)
- Deferred charges and accrued income -€1,244
down €1,244 (-94.9%), from €1,310 to €67
- Tangible fixed assets -€939
down €939 (-23.5%), from €3,991 to €3,052
of which Furniture and vehicles: -€496
- Stocks and contracts -€846
down €846 (-3.1%), from €27,314 to €26,468
- Reserves +€33,745
up €33,745 (+2,499%), from €1,350 to €35,095
- Other debts -€24,307
no longer reported in 2025 (was €24,307)
- Current portion of long-term debt +€17,754
new in 2025: €17,754
- Debts after one year +€11,987
new in 2025: €11,987
- Tax, wage and social debts -€3,318
down €3,318 (-30.6%), from €10,853 to €7,536
of which Taxes: -€3,618
- Gross operating margin +€62,023
up €62,023 (+272%), from €22,778 to €84,801
- Other operating charges +€29,378
up €29,378 (+2,838%), from €1,035 to €30,413
- Taxes +€18,010
up €18,010 (+16,232%), from €111 to €18,121
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,733 | €79,492 | +€35,759 | +81.8% |
| Fixed assets | 21/28 | €4,771 | €3,832 | -€939 | -19.7% |
| Tangible fixed assets | 22/27 | €3,991 | €3,052 | -€939 | -23.5% |
| Plant, machinery and equipment | 23 | €1,652 | €1,209 | -€443 | -26.8% |
| Furniture and vehicles | 24 | €2,339 | €1,843 | -€496 | -21.2% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €38,962 | €75,660 | +€36,698 | +94.2% |
| Stocks and contracts in progress | 3 | €27,314 | €26,468 | -€846 | -3.1% |
| Stocks | 30/36 | €27,314 | €26,468 | -€846 | -3.1% |
| Amounts receivable within one year | 40/41 | €6,222 | €46,581 | +€40,359 | +649% |
| Trade receivables | 40 | €4,439 | €2,410 | -€2,029 | -45.7% |
| Other amounts receivable | 41 | €1,783 | €44,171 | +€42,388 | +2,378% |
| Cash at bank and in hand | 54/58 | €4,115 | €2,544 | -€1,571 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,310 | €67 | -€1,244 | -94.9% |
| Total equity and liabilities | 10/49 | €43,733 | €79,492 | +€35,759 | +81.8% |
| Equity | 10/15 | €5,264 | €41,295 | +€36,031 | +685% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,350 | €35,095 | +€33,745 | +2,499% |
| Distributable reserves | 133 | €1,350 | €35,095 | +€33,745 | +2,499% |
| Profit (loss) carried forward | 14 | -€2,287 | - | +€2,287 | |
| Amounts payable | 17/49 | €38,470 | €38,197 | -€273 | -0.7% |
| Amounts payable after more than one year | 17 | - | €11,987 | +€11,987 | |
| Financial debts | 170/4 | - | €11,987 | +€11,987 | |
| Amounts payable within one year | 42/48 | €38,470 | €26,210 | -€12,260 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €17,754 | +€17,754 | |
| Trade debts | 44 | €3,310 | €920 | -€2,389 | -72.2% |
| Suppliers | 440/4 | €3,310 | €920 | -€2,389 | -72.2% |
| Taxes, remuneration and social security | 45 | €10,853 | €7,536 | -€3,318 | -30.6% |
| Taxes | 450/3 | €9,353 | €5,736 | -€3,618 | -38.7% |
| Remuneration and social security | 454/9 | €1,500 | €1,800 | +€300 | +20.0% |
| Other amounts payable | 47/48 | €24,307 | - | -€24,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €939 | +€356 | +61.1% |
| Other operating charges | 640/8 | €1,035 | €30,413 | +€29,378 | +2,838% |
| Gross operating margin | 9900 | €22,778 | €84,801 | +€62,023 | +272% |
| Operating profit (loss) | 9901 | €21,161 | €53,449 | +€32,289 | +153% |
| Financial income | 75/76B | €621 | €1,396 | +€775 | +125% |
| Recurring financial income | 75 | €621 | €1,396 | +€775 | +125% |
| Financial charges | 65/66B | €173 | €694 | +€521 | +301% |
| Recurring financial charges | 65 | €173 | €694 | +€521 | +301% |
| Profit (loss) for the period before taxes | 9903 | €21,608 | €54,152 | +€32,544 | +151% |
| Income taxes | 67/77 | €111 | €18,121 | +€18,010 | +16,232% |
| Profit (loss) for the period | 9904 | €21,497 | €36,031 | +€14,534 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,497 | €36,031 | +€14,534 | +67.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.