G.P.C.M.: what changed
G.P.C.M.
Largest movements
- Tangible fixed assets -€132,468
down €132,468 (-6.6%), from €2.0m to €1.9m
of which Land and buildings: -€111,162
- Cash -€23,577
down €23,577 (-59.3%), from €39,770 to €16,193
mainly Provisions (-€145,553) and Debts after one year (-€34,839)
- Provisions -€145,553
down €145,553 (-29.0%), from €501,080 to €355,527
of which Provisions for liabilities and charges: -€120,908
- Profit (loss) carried forward +€83,710
up €83,710 (+68.2%), from -€122,825 to -€39,115
- Reserves -€47,860
down €47,860 (-6.1%), from €781,139 to €733,279
of which Tax-exempt reserves: -€47,860
- Debts after one year -€34,839
down €34,839 (-28.8%), from €120,780 to €85,941
- Other debts +€24,699
up €24,699 (+4.0%), from €615,571 to €640,270
- Gross operating margin +€67,920
up €67,920 (+54.4%), from €124,950 to €192,870
- Financial charges -€21,928
down €21,928 (-44.8%), from €48,959 to €27,031
- Other operating charges +€9,489
up €9,489 (+79.3%), from €11,961 to €21,450
- Taxes -€3,239
down €3,239 (-81.9%), from €3,954 to €715
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,043,350 | €1,887,305 | -€156,045 | -7.6% |
| Fixed assets | 21/28 | €2,003,580 | €1,871,112 | -€132,468 | -6.6% |
| Tangible fixed assets | 22/27 | €2,003,580 | €1,871,112 | -€132,468 | -6.6% |
| Land and buildings | 22 | €1,939,588 | €1,828,426 | -€111,162 | -5.7% |
| Furniture and vehicles | 24 | €26,211 | €9,111 | -€17,100 | -65.2% |
| Other tangible fixed assets | 26 | €37,781 | €33,575 | -€4,206 | -11.1% |
| Current assets | 29/58 | €39,770 | €16,193 | -€23,577 | -59.3% |
| Cash at bank and in hand | 54/58 | €39,770 | €16,193 | -€23,577 | -59.3% |
| Total equity and liabilities | 10/49 | €2,043,350 | €1,887,305 | -€156,045 | -7.6% |
| Equity | 10/15 | €711,618 | €747,468 | +€35,850 | +5.0% |
| Contributions | 10/11 | €53,304 | €53,304 | = | 0.0% |
| Reserves | 13 | €781,139 | €733,279 | -€47,860 | -6.1% |
| Tax-exempt reserves | 132 | €775,809 | €727,949 | -€47,860 | -6.2% |
| Distributable reserves | 133 | €5,330 | €5,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,825 | -€39,115 | +€83,710 | +68.2% |
| Provisions and deferred taxes | 16 | €501,080 | €355,527 | -€145,553 | -29.0% |
| Provisions for liabilities and charges | 160/5 | €120,908 | - | -€120,908 | |
| Environmental obligations | 163 | €120,908 | - | -€120,908 | |
| Deferred taxes | 168 | €380,172 | €355,527 | -€24,645 | -6.5% |
| Amounts payable | 17/49 | €830,652 | €784,310 | -€46,342 | -5.6% |
| Amounts payable after more than one year | 17 | €120,780 | €85,941 | -€34,839 | -28.8% |
| Financial debts | 170/4 | €120,780 | €85,941 | -€34,839 | -28.8% |
| Amounts payable within one year | 42/48 | €673,887 | €673,252 | -€635 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €47,034 | €31,952 | -€15,082 | -32.1% |
| Taxes, remuneration and social security | 45 | €11,282 | €1,030 | -€10,252 | -90.9% |
| Taxes | 450/3 | €11,282 | €1,030 | -€10,252 | -90.9% |
| Other amounts payable | 47/48 | €615,571 | €640,270 | +€24,699 | +4.0% |
| Accrued charges and deferred income | 492/3 | €35,985 | €25,117 | -€10,868 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,321 | €132,468 | +€147 | +0.1% |
| Other operating charges | 640/8 | €11,961 | €21,450 | +€9,489 | +79.3% |
| Gross operating margin | 9900 | €124,950 | €192,870 | +€67,920 | +54.4% |
| Operating profit (loss) | 9901 | -€19,332 | €38,952 | +€58,284 | |
| Financial charges | 65/66B | €48,959 | €27,031 | -€21,928 | -44.8% |
| Recurring financial charges | 65 | €48,959 | €27,031 | -€21,928 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | -€68,291 | €11,921 | +€80,212 | |
| Transfer from deferred taxes | 780 | €24,644 | €24,644 | = | 0.0% |
| Income taxes | 67/77 | €3,954 | €715 | -€3,239 | -81.9% |
| Profit (loss) for the period | 9904 | -€47,601 | €35,850 | +€83,451 | |
| Transfer from tax-exempt reserves | 789 | €47,860 | €47,860 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €259 | €83,710 | +€83,451 | +32,220% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.