G-MaPS: 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.
G-MaPS
Largest movements
- Receivables within one year -€45,303
down €45,303 (-14.3%), from €317,834 to €272,531
of which Other amounts receivable: -€50,143
- Cash -€6,656
down €6,656 (-81.5%), from €8,169 to €1,513
mainly Net result for the year (-€37,726) and Other debts (-€13,226)
- Reserves -€37,726
down €37,726 (-14.5%), from €260,905 to €223,180
of which Distributable reserves: -€37,726
- Other debts -€13,226
down €13,226 (-18.6%), from €71,052 to €57,827
- Debts after one year -€4,022
down €4,022 (-33.8%), from €11,900 to €7,877
- Gross operating margin -€7,964
down €7,964 (-24.2%), from €32,878 to €24,915
- Depreciation -€5,716
down €5,716 (-36.8%), from €15,523 to €9,807
- Taxes -€4,869
no longer reported in 2025 (was €4,869)
- Other operating charges -€1,647
down €1,647 (-44.4%), from €3,708 to €2,061
- Financial charges -€461
down €461 (-37.4%), from €1,233 to €772
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 | €376,823 | €323,180 | -€53,643 | -14.2% |
| Fixed assets | 21/28 | €47,183 | €48,176 | +€993 | +2.1% |
| Tangible fixed assets | 22/27 | €47,183 | €48,176 | +€993 | +2.1% |
| Furniture and vehicles | 24 | €2,616 | - | -€2,616 | |
| Other tangible fixed assets | 26 | €44,567 | €48,176 | +€3,609 | +8.1% |
| Current assets | 29/58 | €329,640 | €275,004 | -€54,636 | -16.6% |
| Amounts receivable within one year | 40/41 | €317,834 | €272,531 | -€45,303 | -14.3% |
| Trade receivables | 40 | €16,940 | €21,780 | +€4,840 | +28.6% |
| Other amounts receivable | 41 | €300,894 | €250,751 | -€50,143 | -16.7% |
| Cash at bank and in hand | 54/58 | €8,169 | €1,513 | -€6,656 | -81.5% |
| Deferred charges and accrued income | 490/1 | €3,637 | €960 | -€2,677 | -73.6% |
| Total equity and liabilities | 10/49 | €376,823 | €323,180 | -€53,643 | -14.2% |
| Equity | 10/15 | €267,105 | €229,380 | -€37,726 | -14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,905 | €223,180 | -€37,726 | -14.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €249,045 | €211,320 | -€37,726 | -15.1% |
| Amounts payable | 17/49 | €109,718 | €93,800 | -€15,918 | -14.5% |
| Amounts payable after more than one year | 17 | €11,900 | €7,877 | -€4,022 | -33.8% |
| Financial debts | 170/4 | €11,900 | €7,877 | -€4,022 | -33.8% |
| Amounts payable within one year | 42/48 | €97,627 | €85,730 | -€11,898 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €4,795 | €4,022 | -€772 | -16.1% |
| Trade debts | 44 | €9,034 | €9,675 | +€641 | +7.1% |
| Suppliers | 440/4 | €9,034 | €9,675 | +€641 | +7.1% |
| Taxes, remuneration and social security | 45 | €12,746 | €14,205 | +€1,459 | +11.5% |
| Taxes | 450/3 | €10,746 | €10,205 | -€541 | -5.0% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100.0% |
| Other amounts payable | 47/48 | €71,052 | €57,827 | -€13,226 | -18.6% |
| Accrued charges and deferred income | 492/3 | €191 | €194 | +€2 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,523 | €9,807 | -€5,716 | -36.8% |
| Other operating charges | 640/8 | €3,708 | €2,061 | -€1,647 | -44.4% |
| Non-recurring operating charges | 66A | - | €50,000 | +€50,000 | |
| Gross operating margin | 9900 | €32,878 | €24,915 | -€7,964 | -24.2% |
| Operating profit (loss) | 9901 | €13,647 | -€36,954 | -€50,600 | |
| Financial charges | 65/66B | €1,233 | €772 | -€461 | -37.4% |
| Recurring financial charges | 65 | €1,233 | €772 | -€461 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €12,414 | -€37,726 | -€50,140 | |
| Income taxes | 67/77 | €4,869 | - | -€4,869 | |
| Profit (loss) for the period | 9904 | €7,545 | -€37,726 | -€45,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,545 | -€37,726 | -€45,270 |
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 7 October 2026 via checked.be.