G.P. Associates: what changed
What changed
G.P. Associates
NACE 64.999, Other financial services
filed annual accounts (NBB)
Net result for the year
-€17,499
2024 · -€16,245-€1,253
Equity
€776,290
2024 · €789,789-€13,499
Cash
€5,330
2024 · €9,172-€3,843
Balance sheet total
€1.4m
2024 · €1.4m-€5,662
Largest movements
Assets
- Tangible fixed assets -€32,841
down €32,841 (-2.4%), from €1.3m to €1.3m
of which Land and buildings: -€24,468
- Receivables within one year +€29,831
up €29,831 (+62.2%), from €47,955 to €77,786
of which Trade receivables: +€28,472
Equity and liabilities
- Debts after one year +€88,627
up €88,627 (+21.7%), from €409,268 to €497,896
of which Other amounts payable: +€130,000
- Current portion of long-term debt -€82,173
down €82,173 (-66.9%), from €122,793 to €40,620
Income statement
- Staff costs -€16,638
down €16,638 (-42.0%), from €39,572 to €22,934
- Depreciation +€12,747
up €12,747 (+27.9%), from €45,690 to €58,437
- Gross operating margin +€8,163
up €8,163 (+8.6%), from €95,441 to €103,603
- Other operating charges +€7,721
up €7,721 (+55.5%), from €13,913 to €21,634
- Financial charges +€5,347
up €5,347 (+41.9%), from €12,750 to €18,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€16,245
Gross operating margin
+€8,163
Staff costs
+€16,638
Depreciation
-€12,747
Other operating charges
-€7,721
Financial charges
-€5,347
Taxes
-€238
Result 2025
-€17,499
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11,316
Investment
-€25,613
Financing
+€10,454
Cash 2024
€9,172
From operations (derived)
+€11,316
Net result for the year
-€17,499
Depreciation
+€58,437
Stocks and contracts
-€1,000
Receivables within one year
-€29,831
Deferred charges and accrued income
-€173
Trade debts
-€4,985
Tax, wage and social debts
-€7,514
Other debts
+€13,882
Investment (derived)
-€25,613
Investment in fixed assets (net)
-€25,613
Financing
+€10,454
Debts after one year
+€88,627
Current portion of long-term debt
-€82,173
Contributions, distributions and other
+€4,000
Cash 2025
€5,330
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,412,598 | €1,406,935 | -€5,662 | -0.4% |
| Fixed assets | 21/28 | €1,346,541 | €1,313,717 | -€32,824 | -2.4% |
| Tangible fixed assets | 22/27 | €1,346,265 | €1,313,423 | -€32,841 | -2.4% |
| Land and buildings | 22 | €1,190,930 | €1,166,462 | -€24,468 | -2.1% |
| Plant, machinery and equipment | 23 | €446 | €1,907 | +€1,461 | +328% |
| Furniture and vehicles | 24 | €58,787 | €42,251 | -€16,536 | -28.1% |
| Other tangible fixed assets | 26 | €96,102 | €102,804 | +€6,702 | +7.0% |
| Financial fixed assets | 28 | €277 | €294 | +€17 | +6.3% |
| Current assets | 29/58 | €66,056 | €93,218 | +€27,162 | +41.1% |
| Stocks and contracts in progress | 3 | €7,500 | €8,500 | +€1,000 | +13.3% |
| Stocks | 30/36 | €7,500 | €8,500 | +€1,000 | +13.3% |
| Amounts receivable within one year | 40/41 | €47,955 | €77,786 | +€29,831 | +62.2% |
| Trade receivables | 40 | €30,807 | €59,280 | +€28,472 | +92.4% |
| Other amounts receivable | 41 | €17,147 | €18,506 | +€1,359 | +7.9% |
| Cash at bank and in hand | 54/58 | €9,172 | €5,330 | -€3,843 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,430 | €1,602 | +€173 | +12.1% |
| Total equity and liabilities | 10/49 | €1,412,598 | €1,406,935 | -€5,662 | -0.4% |
| Equity | 10/15 | €789,789 | €776,290 | -€13,499 | -1.7% |
| Contributions | 10/11 | €174,416 | €174,416 | = | 0.0% |
| Revaluation surpluses | 12 | €562,577 | €562,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,796 | €39,298 | -€13,499 | -25.6% |
| Amounts payable | 17/49 | €622,809 | €630,645 | +€7,836 | +1.3% |
| Amounts payable after more than one year | 17 | €409,268 | €497,896 | +€88,627 | +21.7% |
| Financial debts | 170/4 | €70,268 | €28,896 | -€41,373 | -58.9% |
| Other amounts payable | 178/9 | €339,000 | €469,000 | +€130,000 | +38.3% |
| Amounts payable within one year | 42/48 | €213,540 | €132,749 | -€80,791 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €122,793 | €40,620 | -€82,173 | -66.9% |
| Trade debts | 44 | €5,465 | €480 | -€4,985 | -91.2% |
| Suppliers | 440/4 | €5,465 | €480 | -€4,985 | -91.2% |
| Taxes, remuneration and social security | 45 | €19,556 | €12,041 | -€7,514 | -38.4% |
| Taxes | 450/3 | €11,440 | €7,704 | -€3,736 | -32.7% |
| Remuneration and social security | 454/9 | €8,115 | €4,337 | -€3,779 | -46.6% |
| Other amounts payable | 47/48 | €65,727 | €79,609 | +€13,882 | +21.1% |
| Non-recurring operating income | 76A | €4,566 | - | -€4,566 | |
| Remuneration, social security and pensions | 62 | €39,572 | €22,934 | -€16,638 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,690 | €58,437 | +€12,747 | +27.9% |
| Other operating charges | 640/8 | €13,913 | €21,634 | +€7,721 | +55.5% |
| Gross operating margin | 9900 | €95,441 | €103,603 | +€8,163 | +8.6% |
| Operating profit (loss) | 9901 | -€3,734 | €599 | +€4,332 | |
| Financial charges | 65/66B | €12,750 | €18,097 | +€5,347 | +41.9% |
| Recurring financial charges | 65 | €12,750 | €18,097 | +€5,347 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,484 | -€17,499 | -€1,015 | -6.2% |
| Income taxes | 67/77 | -€238 | - | +€238 | |
| Profit (loss) for the period | 9904 | -€16,245 | -€17,499 | -€1,253 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,245 | -€17,499 | -€1,253 | -7.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.