G&P: 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&P
Largest movements
- Intangible fixed assets -€3,600
down €3,600 (-25.9%), from €13,890 to €10,290
- Cash -€2,192
down €2,192 (-55.6%), from €3,939 to €1,747
mainly Trade debts (-€5,466) and Net result for the year (-€3,979)
- Receivables within one year +€1,244
up €1,244 (+230.0%), from €541 to €1,785
of which Trade receivables: +€1,740
- Tangible fixed assets -€732
down €732 (-100.0%), from €732 to €0
of which Plant, machinery and equipment: -€732
- Advances received +€9,187
new in 2025: €9,187
- Trade debts -€5,466
down €5,466 (-35.6%), from €15,350 to €9,884
- Profit (loss) carried forward -€3,979
down €3,979 (-16.3%), from -€24,370 to -€28,349
- Short-term financial debts -€3,134
down €3,134 (-95.3%), from €3,288 to €154
of which Credit institutions: -€3,134
- Other debts -€3,111
down €3,111 (-16.6%), from €18,726 to €15,615
- Gross operating margin -€18,976
down €18,976 (-85.5%), from €22,190 to €3,214
- Depreciation -€3,538
down €3,538 (-45.0%), from €7,870 to €4,332
- Financial charges -€1,703
down €1,703 (-39.9%), from €4,268 to €2,565
- Other operating charges -€586
down €586 (-47.8%), from €1,226 to €641
- Financial income +€258
up €258 (+294.8%), from €87 to €345
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 | €51,439 | €46,219 | -€5,220 | -10.1% |
| Fixed assets | 21/28 | €14,622 | €10,290 | -€4,332 | -29.6% |
| Intangible fixed assets | 21 | €13,890 | €10,290 | -€3,600 | -25.9% |
| Tangible fixed assets | 22/27 | €732 | €0 | -€732 | -100.0% |
| Plant, machinery and equipment | 23 | €732 | €0 | -€732 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €36,817 | €35,929 | -€888 | -2.4% |
| Amounts receivable after more than one year | 29 | €13,248 | €13,248 | = | 0.0% |
| Other amounts receivable | 291 | €13,248 | €13,248 | = | 0.0% |
| Stocks and contracts in progress | 3 | €18,960 | €18,960 | = | 0.0% |
| Stocks | 30/36 | €18,960 | €18,960 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €541 | €1,785 | +€1,244 | +230.0% |
| Trade receivables | 40 | €45 | €1,785 | +€1,740 | +3871.5% |
| Other amounts receivable | 41 | €496 | €0 | -€496 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,939 | €1,747 | -€2,192 | -55.6% |
| Deferred charges and accrued income | 490/1 | €130 | €189 | +€59 | +45.9% |
| Total equity and liabilities | 10/49 | €51,439 | €46,219 | -€5,220 | -10.1% |
| Equity | 10/15 | €11,699 | €7,720 | -€3,979 | -34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,469 | €17,469 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €17,469 | €17,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,370 | -€28,349 | -€3,979 | -16.3% |
| Amounts payable | 17/49 | €39,740 | €38,499 | -€1,241 | -3.1% |
| Amounts payable within one year | 42/48 | €39,740 | €38,499 | -€1,241 | -3.1% |
| Financial debts | 43 | €3,288 | €154 | -€3,134 | -95.3% |
| Credit institutions | 430/8 | €3,134 | €0 | -€3,134 | -100.0% |
| Other loans | 439 | €154 | €154 | = | 0.0% |
| Trade debts | 44 | €15,350 | €9,884 | -€5,466 | -35.6% |
| Suppliers | 440/4 | €15,350 | €9,884 | -€5,466 | -35.6% |
| Advances received on contracts in progress | 46 | - | €9,187 | +€9,187 | |
| Taxes, remuneration and social security | 45 | €2,376 | €3,659 | +€1,283 | +54.0% |
| Taxes | 450/3 | €2,376 | €3,659 | +€1,283 | +54.0% |
| Other amounts payable | 47/48 | €18,726 | €15,615 | -€3,111 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,870 | €4,332 | -€3,538 | -45.0% |
| Other operating charges | 640/8 | €1,226 | €641 | -€586 | -47.8% |
| Non-recurring operating charges | 66A | €11,955 | €0 | -€11,955 | -100.0% |
| Gross operating margin | 9900 | €22,190 | €3,214 | -€18,976 | -85.5% |
| Operating profit (loss) | 9901 | €1,138 | -€1,759 | -€2,897 | |
| Financial income | 75/76B | €87 | €345 | +€258 | +294.8% |
| Recurring financial income | 75 | €87 | €345 | +€258 | +294.8% |
| Financial charges | 65/66B | €4,268 | €2,565 | -€1,703 | -39.9% |
| Recurring financial charges | 65 | €4,268 | €2,565 | -€1,703 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,043 | -€3,979 | -€936 | -30.8% |
| Profit (loss) for the period | 9904 | -€3,043 | -€3,979 | -€936 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,043 | -€3,979 | -€936 | -30.8% |
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 6 October 2026 via checked.be.