G.M.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.M.P.
Largest movements
- Receivables within one year -€92,394
down €92,394 (-96.8%), from €95,416 to €3,023
- Tangible fixed assets -€15,206
down €15,206 (-19.3%), from €78,832 to €63,626
of which Land and buildings: -€7,728
- Other debts -€118,452
down €118,452 (-73.6%), from €160,941 to €42,489
- Profit (loss) carried forward +€11,565
new in 2025: €11,565
- Taxes +€2,894
up €2,894, from €0 to €2,894
- Depreciation -€1,457
down €1,457 (-8.7%), from €16,663 to €15,206
- Other operating charges -€1,380
down €1,380 (-25.6%), from €5,394 to €4,014
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 | €184,301 | €77,103 | -€107,198 | -58.2% |
| Fixed assets | 21/28 | €78,832 | €63,626 | -€15,206 | -19.3% |
| Tangible fixed assets | 22/27 | €78,832 | €63,626 | -€15,206 | -19.3% |
| Land and buildings | 22 | €59,447 | €51,719 | -€7,728 | -13.0% |
| Plant, machinery and equipment | 23 | €19,385 | €11,906 | -€7,478 | -38.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €105,469 | €13,477 | -€91,992 | -87.2% |
| Amounts receivable within one year | 40/41 | €95,416 | €3,023 | -€92,394 | -96.8% |
| Other amounts receivable | 41 | €95,416 | €3,023 | -€92,394 | -96.8% |
| Cash at bank and in hand | 54/58 | €9,584 | €9,643 | +€59 | +0.6% |
| Deferred charges and accrued income | 490/1 | €469 | €811 | +€342 | +73.0% |
| Total equity and liabilities | 10/49 | €184,301 | €77,103 | -€107,198 | -58.2% |
| Equity | 10/15 | €20,451 | €32,016 | +€11,565 | +56.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,565 | +€11,565 | |
| Amounts payable | 17/49 | €163,850 | €45,087 | -€118,763 | -72.5% |
| Amounts payable within one year | 42/48 | €162,644 | €43,812 | -€118,832 | -73.1% |
| Trade debts | 44 | €1,704 | €1,323 | -€380 | -22.3% |
| Suppliers | 440/4 | €1,704 | €1,323 | -€380 | -22.3% |
| Other amounts payable | 47/48 | €160,941 | €42,489 | -€118,452 | -73.6% |
| Accrued charges and deferred income | 492/3 | €1,206 | €1,275 | +€69 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,663 | €15,206 | -€1,457 | -8.7% |
| Other operating charges | 640/8 | €5,394 | €4,014 | -€1,380 | -25.6% |
| Gross operating margin | 9900 | €33,902 | €33,819 | -€84 | -0.2% |
| Operating profit (loss) | 9901 | €11,845 | €14,598 | +€2,753 | +23.2% |
| Financial income | 75/76B | €271 | - | -€271 | |
| Recurring financial income | 75 | €271 | - | -€271 | |
| Financial charges | 65/66B | €153 | €140 | -€13 | -8.3% |
| Recurring financial charges | 65 | €153 | €140 | -€13 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €11,963 | €14,458 | +€2,495 | +20.9% |
| Income taxes | 67/77 | €0 | €2,894 | +€2,894 | |
| Profit (loss) for the period | 9904 | €11,963 | €11,565 | -€398 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,963 | €11,565 | -€398 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.