GDAT: what changed
Two fiscal 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.
GDAT
Largest movements
- Cash +€129,730
up €129,730 (+240.0%), from €54,065 to €183,796
mainly Net result for the year (+€90,168) and Tax, wage and social debts (+€29,331)
- Receivables within one year +€14,978
up €14,978 (+73.1%), from €20,502 to €35,480
of which Other amounts receivable: +€28,550
- Tangible fixed assets -€9,597
down €9,597 (-80.5%), from €11,920 to €2,323
of which Furniture and vehicles: -€9,419
- Financial fixed assets -€5,550
down €5,550 (-16.7%), from €33,258 to €27,708
- Reserves +€90,000
up €90,000 (+110.0%), from €81,800 to €171,800
- Tax, wage and social debts +€29,331
up €29,331 (+84.0%), from €34,912 to €64,244
- Trade debts +€6,797
up €6,797 (+378.5%), from €1,796 to €8,592
- Gross operating margin +€17,288
up €17,288 (+16.9%), from €102,344 to €119,632
- Taxes +€5,761
up €5,761 (+26.1%), from €22,079 to €27,840
- Financial income +€1,497
up €1,497 (+363.9%), from €412 to €1,909
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.
Cash bridge derived
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 | €121,865 | €249,307 | +€127,442 | +104.6% |
| Fixed assets | 21/28 | €45,177 | €30,031 | -€15,146 | -33.5% |
| Tangible fixed assets | 22/27 | €11,920 | €2,323 | -€9,597 | -80.5% |
| Furniture and vehicles | 24 | €10,377 | €958 | -€9,419 | -90.8% |
| Other tangible fixed assets | 26 | €1,543 | €1,365 | -€178 | -11.5% |
| Financial fixed assets | 28 | €33,258 | €27,708 | -€5,550 | -16.7% |
| Current assets | 29/58 | €76,687 | €219,275 | +€142,588 | +185.9% |
| Amounts receivable within one year | 40/41 | €20,502 | €35,480 | +€14,978 | +73.1% |
| Trade receivables | 40 | €18,868 | €5,296 | -€13,572 | -71.9% |
| Other amounts receivable | 41 | €1,633 | €30,183 | +€28,550 | +1747.8% |
| Cash at bank and in hand | 54/58 | €54,065 | €183,796 | +€129,730 | +240.0% |
| Deferred charges and accrued income | 490/1 | €2,120 | - | -€2,120 | |
| Total equity and liabilities | 10/49 | €121,865 | €249,307 | +€127,442 | +104.6% |
| Equity | 10/15 | €85,157 | €175,324 | +€90,168 | +105.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,800 | €171,800 | +€90,000 | +110.0% |
| Distributable reserves | 133 | €81,800 | €171,800 | +€90,000 | +110.0% |
| Profit (loss) carried forward | 14 | €357 | €524 | +€168 | +46.9% |
| Amounts payable | 17/49 | €36,708 | €73,982 | +€37,274 | +101.5% |
| Amounts payable within one year | 42/48 | €36,708 | €73,982 | +€37,274 | +101.5% |
| Financial debts | 43 | - | €1,147 | +€1,147 | |
| Credit institutions | 430/8 | - | €1,147 | +€1,147 | |
| Trade debts | 44 | €1,796 | €8,592 | +€6,797 | +378.5% |
| Suppliers | 440/4 | €1,796 | €8,592 | +€6,797 | +378.5% |
| Taxes, remuneration and social security | 45 | €34,912 | €64,244 | +€29,331 | +84.0% |
| Taxes | 450/3 | €34,912 | €64,244 | +€29,331 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,164 | €2,663 | +€499 | +23.1% |
| Other operating charges | 640/8 | €192 | €298 | +€105 | +54.8% |
| Non-recurring operating charges | 66A | - | €34 | +€34 | |
| Gross operating margin | 9900 | €102,344 | €119,632 | +€17,288 | +16.9% |
| Operating profit (loss) | 9901 | €99,988 | €116,638 | +€16,650 | +16.7% |
| Financial income | 75/76B | €412 | €1,909 | +€1,497 | +363.9% |
| Recurring financial income | 75 | €412 | €1,909 | +€1,497 | +363.9% |
| Financial charges | 65/66B | €52 | €539 | +€487 | +927.9% |
| Recurring financial charges | 65 | €52 | €539 | +€487 | +927.9% |
| Profit (loss) for the period before taxes | 9903 | €100,347 | €118,007 | +€17,660 | +17.6% |
| Income taxes | 67/77 | €22,079 | €27,840 | +€5,761 | +26.1% |
| Profit (loss) for the period | 9904 | €78,268 | €90,168 | +€11,899 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,268 | €90,168 | +€11,899 | +15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.