G.C.P.: 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.
G.C.P.
Largest movements
- Tangible fixed assets +€266,309
up €266,309 (+93.1%), from €285,914 to €552,223
of which Land and buildings: +€269,130
- Receivables after one year -€17,000
down €17,000 (-5.3%), from €323,250 to €306,250
- Debts after one year +€474,894
up €474,894 (+4,031%), from €11,781 to €486,675
- Other debts -€394,676
down €394,676 (-46.2%), from €854,885 to €460,209
- Revaluation surpluses +€270,200
new in 2025: €270,200
- Profit (loss) carried forward -€93,750
down €93,750, from €75,104 to -€18,646
- Staff costs +€7,908
up €7,908 (+18.4%), from €43,096 to €51,004
- Gross operating margin -€916
down €916 (-2.8%), from -€33,216 to -€34,132
- Financial charges -€499
down €499 (-30.1%), from €1,660 to €1,161
- Financial income -€427
down €427 (-8.2%), from €5,178 to €4,751
- Depreciation -€396
down €396 (-4.7%), from €8,385 to €7,989
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 | €995,138 | €1,239,389 | +€244,251 | +24.5% |
| Fixed assets | 21/28 | €305,214 | €571,523 | +€266,309 | +87.3% |
| Tangible fixed assets | 22/27 | €285,914 | €552,223 | +€266,309 | +93.1% |
| Land and buildings | 22 | €280,871 | €550,001 | +€269,130 | +95.8% |
| Plant, machinery and equipment | 23 | €2,643 | €1,021 | -€1,622 | -61.4% |
| Furniture and vehicles | 24 | €2,400 | €1,200 | -€1,200 | -50.0% |
| Financial fixed assets | 28 | €19,300 | €19,300 | = | 0.0% |
| Current assets | 29/58 | €689,924 | €667,867 | -€22,057 | -3.2% |
| Amounts receivable after more than one year | 29 | €323,250 | €306,250 | -€17,000 | -5.3% |
| Other amounts receivable | 291 | €323,250 | €306,250 | -€17,000 | -5.3% |
| Amounts receivable within one year | 40/41 | €358,122 | €356,233 | -€1,889 | -0.5% |
| Trade receivables | 40 | €161 | €161 | -€0 | -0.2% |
| Other amounts receivable | 41 | €357,961 | €356,072 | -€1,889 | -0.5% |
| Cash at bank and in hand | 54/58 | €7,641 | €5,234 | -€2,407 | -31.5% |
| Deferred charges and accrued income | 490/1 | €911 | €150 | -€761 | -83.5% |
| Total equity and liabilities | 10/49 | €995,138 | €1,239,389 | +€244,251 | +24.5% |
| Equity | 10/15 | €95,564 | €272,014 | +€176,450 | +185% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €270,200 | +€270,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,104 | -€18,646 | -€93,750 | |
| Amounts payable | 17/49 | €899,574 | €967,375 | +€67,801 | +7.5% |
| Amounts payable after more than one year | 17 | €11,781 | €486,675 | +€474,894 | +4,031% |
| Financial debts | 170/4 | €11,781 | €486,675 | +€474,894 | +4,031% |
| Amounts payable within one year | 42/48 | €887,792 | €480,700 | -€407,092 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €18,850 | €9,410 | -€9,440 | -50.1% |
| Trade debts | 44 | €7,579 | €1,783 | -€5,796 | -76.5% |
| Suppliers | 440/4 | €7,579 | €1,783 | -€5,796 | -76.5% |
| Taxes, remuneration and social security | 45 | €6,478 | €9,298 | +€2,820 | +43.5% |
| Taxes | 450/3 | €678 | €686 | +€8 | +1.1% |
| Remuneration and social security | 454/9 | €5,800 | €8,612 | +€2,812 | +48.5% |
| Other amounts payable | 47/48 | €854,885 | €460,209 | -€394,676 | -46.2% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €43,096 | €51,004 | +€7,908 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,385 | €7,989 | -€396 | -4.7% |
| Other operating charges | 640/8 | €3,789 | €3,900 | +€111 | +2.9% |
| Gross operating margin | 9900 | -€33,216 | -€34,132 | -€916 | -2.8% |
| Operating profit (loss) | 9901 | -€88,486 | -€97,026 | -€8,540 | -9.7% |
| Financial income | 75/76B | €5,178 | €4,751 | -€427 | -8.2% |
| Recurring financial income | 75 | €5,178 | €4,751 | -€427 | -8.2% |
| Financial charges | 65/66B | €1,660 | €1,161 | -€499 | -30.1% |
| Recurring financial charges | 65 | €1,660 | €1,161 | -€499 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€84,968 | -€93,435 | -€8,467 | -10.0% |
| Income taxes | 67/77 | €332 | €314 | -€18 | -5.3% |
| Profit (loss) for the period | 9904 | -€85,300 | -€93,749 | -€8,449 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,300 | -€93,749 | -€8,449 | -9.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.