G.C.P.I.: 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.I.
Largest movements
- Receivables within one year +€23,890
up €23,890 (+47.5%), from €50,254 to €74,144
of which Other amounts receivable: +€29,812
- Cash -€4,515
down €4,515 (-62.4%), from €7,237 to €2,721
mainly Receivables within one year (-€23,890) and Trade debts (-€10,941)
- Tangible fixed assets -€1,996
down €1,996 (-47.3%), from €4,216 to €2,220
- Profit (loss) carried forward +€272,498
up €272,498 (+61.5%), from -€442,744 to -€170,246
- Contributions -€257,000
down €257,000 (-92.8%), from €277,000 to €20,000
- Other debts +€12,000
up €12,000 (+27.6%), from €43,430 to €55,430
- Trade debts -€10,941
down €10,941 (-99.0%), from €11,047 to €106
- Tax, wage and social debts +€822
up €822 (+22.2%), from €3,705 to €4,528
- Gross operating margin -€29,042
down €29,042 (-37.9%), from €76,540 to €47,498
- Financial charges -€19,239
down €19,239 (-41.3%), from €46,606 to €27,367
- Taxes -€2,500
no longer reported in 2025 (was €2,500)
- Other operating charges +€1,532
up €1,532 (+398%), from €384 to €1,916
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 | €61,747 | €79,126 | +€17,379 | +28.1% |
| Fixed assets | 21/28 | €4,257 | €2,261 | -€1,996 | -46.9% |
| Tangible fixed assets | 22/27 | €4,216 | €2,220 | -€1,996 | -47.3% |
| Furniture and vehicles | 24 | €4,216 | €2,220 | -€1,996 | -47.3% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €57,490 | €76,865 | +€19,375 | +33.7% |
| Amounts receivable within one year | 40/41 | €50,254 | €74,144 | +€23,890 | +47.5% |
| Trade receivables | 40 | €6,050 | €128 | -€5,922 | -97.9% |
| Other amounts receivable | 41 | €44,204 | €74,015 | +€29,812 | +67.4% |
| Cash at bank and in hand | 54/58 | €7,237 | €2,721 | -€4,515 | -62.4% |
| Total equity and liabilities | 10/49 | €61,747 | €79,126 | +€17,379 | +28.1% |
| Equity | 10/15 | €3,565 | €19,062 | +€15,498 | +435% |
| Contributions | 10/11 | €277,000 | €20,000 | -€257,000 | -92.8% |
| Reserves | 13 | €169,309 | €169,309 | = | 0.0% |
| Distributable reserves | 133 | €169,309 | €169,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€442,744 | -€170,246 | +€272,498 | +61.5% |
| Amounts payable | 17/49 | €58,182 | €60,063 | +€1,881 | +3.2% |
| Amounts payable within one year | 42/48 | €58,182 | €60,063 | +€1,881 | +3.2% |
| Trade debts | 44 | €11,047 | €106 | -€10,941 | -99.0% |
| Suppliers | 440/4 | €11,047 | €106 | -€10,941 | -99.0% |
| Taxes, remuneration and social security | 45 | €3,705 | €4,528 | +€822 | +22.2% |
| Taxes | 450/3 | €3,705 | €4,528 | +€822 | +22.2% |
| Other amounts payable | 47/48 | €43,430 | €55,430 | +€12,000 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €1,996 | -€0 | 0.0% |
| Other operating charges | 640/8 | €384 | €1,916 | +€1,532 | +398% |
| Non-recurring operating charges | 66A | - | €720 | +€720 | |
| Gross operating margin | 9900 | €76,540 | €47,498 | -€29,042 | -37.9% |
| Operating profit (loss) | 9901 | €74,159 | €42,865 | -€31,294 | -42.2% |
| Financial charges | 65/66B | €46,606 | €27,367 | -€19,239 | -41.3% |
| Recurring financial charges | 65 | €46,606 | €27,367 | -€19,239 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €27,553 | €15,498 | -€12,055 | -43.8% |
| Income taxes | 67/77 | €2,500 | - | -€2,500 | |
| Profit (loss) for the period | 9904 | €25,053 | €15,498 | -€9,555 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,053 | €15,498 | -€9,555 | -38.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.