G.D.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.D.P.
Largest movements
- Tangible fixed assets +€283,847
up €283,847 (+521%), from €54,505 to €338,352
of which Land and buildings: +€291,615
- Stocks and contracts -€184,443
no longer reported in 2025 (was €184,443)
- Cash -€10,959
down €10,959 (-52.5%), from €20,893 to €9,934
mainly Investment in fixed assets (net) (-€294,069) and Current portion of long-term debt (-€111,603)
- Debts after one year +€240,415
up €240,415 (+19,683%), from €1,221 to €241,637
- Current portion of long-term debt -€111,603
down €111,603 (-90.2%), from €123,698 to €12,095
- Short-term financial debts -€44,381
down €44,381 (-93.4%), from €47,500 to €3,119
- Trade debts +€15,159
up €15,159 (+592%), from €2,559 to €17,718
- Profit (loss) carried forward -€9,238
down €9,238 (-419%), from -€2,204 to -€11,442
- Gross operating margin -€9,344
down €9,344 (-33.8%), from €27,621 to €18,277
- Taxes -€3,328
down €3,328 (-87.6%), from €3,800 to €472
- Other operating charges +€1,316
up €1,316 (+57.0%), from €2,308 to €3,624
- Financial charges +€739
up €739 (+5.9%), from €12,511 to €13,250
- Depreciation +€613
up €613 (+6.4%), from €9,610 to €10,222
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 | €267,809 | €355,188 | +€87,379 | +32.6% |
| Fixed assets | 21/28 | €55,102 | €338,950 | +€283,847 | +515% |
| Tangible fixed assets | 22/27 | €54,505 | €338,352 | +€283,847 | +521% |
| Land and buildings | 22 | €23,268 | €314,884 | +€291,615 | +1,253% |
| Furniture and vehicles | 24 | €30,636 | €22,868 | -€7,768 | -25.4% |
| Other tangible fixed assets | 26 | €600 | €600 | = | 0.0% |
| Financial fixed assets | 28 | €598 | €598 | = | 0.0% |
| Current assets | 29/58 | €212,707 | €16,239 | -€196,468 | -92.4% |
| Stocks and contracts in progress | 3 | €184,443 | - | -€184,443 | |
| Stocks | 30/36 | €184,443 | - | -€184,443 | |
| Amounts receivable within one year | 40/41 | €6,301 | €5,242 | -€1,059 | -16.8% |
| Trade receivables | 40 | €6,277 | €3,647 | -€2,630 | -41.9% |
| Other amounts receivable | 41 | €24 | €1,595 | +€1,571 | +6,526% |
| Cash at bank and in hand | 54/58 | €20,893 | €9,934 | -€10,959 | -52.5% |
| Deferred charges and accrued income | 490/1 | €1,071 | €1,063 | -€8 | -0.8% |
| Total equity and liabilities | 10/49 | €267,809 | €355,188 | +€87,379 | +32.6% |
| Equity | 10/15 | €31,988 | €22,751 | -€9,238 | -28.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,206 | €3,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €107 | €107 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,204 | -€11,442 | -€9,238 | -419% |
| Amounts payable | 17/49 | €235,821 | €332,438 | +€96,617 | +41.0% |
| Amounts payable after more than one year | 17 | €1,221 | €241,637 | +€240,415 | +19,683% |
| Financial debts | 170/4 | €1,221 | €241,637 | +€240,415 | +19,683% |
| Amounts payable within one year | 42/48 | €233,083 | €90,801 | -€142,283 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €123,698 | €12,095 | -€111,603 | -90.2% |
| Financial debts | 43 | €47,500 | €3,119 | -€44,381 | -93.4% |
| Credit institutions | 430/8 | €47,500 | €3,119 | -€44,381 | -93.4% |
| Trade debts | 44 | €2,559 | €17,718 | +€15,159 | +592% |
| Suppliers | 440/4 | €2,559 | €17,718 | +€15,159 | +592% |
| Taxes, remuneration and social security | 45 | €7,318 | €6,419 | -€899 | -12.3% |
| Taxes | 450/3 | €7,318 | €6,419 | -€899 | -12.3% |
| Other amounts payable | 47/48 | €52,008 | €51,450 | -€559 | -1.1% |
| Accrued charges and deferred income | 492/3 | €1,516 | - | -€1,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,610 | €10,222 | +€613 | +6.4% |
| Other operating charges | 640/8 | €2,308 | €3,624 | +€1,316 | +57.0% |
| Gross operating margin | 9900 | €27,621 | €18,277 | -€9,344 | -33.8% |
| Operating profit (loss) | 9901 | €15,704 | €4,431 | -€11,273 | -71.8% |
| Financial income | 75/76B | €37 | €53 | +€17 | +45.5% |
| Recurring financial income | 75 | €37 | €53 | +€17 | +45.5% |
| Financial charges | 65/66B | €12,511 | €13,250 | +€739 | +5.9% |
| Recurring financial charges | 65 | €12,511 | €13,250 | +€739 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €3,229 | -€8,766 | -€11,995 | |
| Income taxes | 67/77 | €3,800 | €472 | -€3,328 | -87.6% |
| Profit (loss) for the period | 9904 | -€571 | -€9,238 | -€8,667 | -1,518% |
| Profit (loss) for the period to be appropriated | 9905 | -€571 | -€9,238 | -€8,667 | -1,518% |
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 15 October 2026 via checked.be.