G.P.G.: 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.P.G.
Largest movements
- Receivables within one year +€6,492
up €6,492 (+1,069%), from €607 to €7,099
of which Trade receivables: +€6,471
- Cash +€1,367
up €1,367 (+10.5%), from €12,968 to €14,336
mainly Other debts (+€4,404) and Net result for the year (+€2,035)
- Deferred charges and accrued income -€1,038
down €1,038 (-78.2%), from €1,328 to €290
- Tangible fixed assets -€937
down €937 (-76.7%), from €1,222 to €285
- Other debts +€4,404
up €4,404 (+44.8%), from €9,820 to €14,224
- Profit (loss) carried forward +€2,035
up €2,035 (+54.2%), from -€3,756 to -€1,721
- Trade debts -€2,022
down €2,022 (-89.5%), from €2,258 to €236
- Tax, wage and social debts +€872
up €872 (+144%), from €604 to €1,475
- Accrued charges and deferred income +€596
up €596 (+59.4%), from €1,002 to €1,598
- Gross operating margin +€1,317
up €1,317 (+29.6%), from €4,448 to €5,765
- Taxes +€442
up €442 (+253%), from €174 to €616
- Depreciation -€316
down €316 (-25.2%), from €1,253 to €937
- Other operating charges -€128
down €128 (-9.2%), from €1,396 to €1,268
- Financial charges +€98
up €98 (+11.8%), from €828 to €926
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 | €16,126 | €22,010 | +€5,884 | +36.5% |
| Fixed assets | 21/28 | €1,222 | €285 | -€937 | -76.7% |
| Tangible fixed assets | 22/27 | €1,222 | €285 | -€937 | -76.7% |
| Plant, machinery and equipment | 23 | €1,222 | €285 | -€937 | -76.7% |
| Current assets | 29/58 | €14,904 | €21,725 | +€6,821 | +45.8% |
| Amounts receivable within one year | 40/41 | €607 | €7,099 | +€6,492 | +1,069% |
| Trade receivables | 40 | - | €6,471 | +€6,471 | |
| Other amounts receivable | 41 | €607 | €629 | +€21 | +3.5% |
| Cash at bank and in hand | 54/58 | €12,968 | €14,336 | +€1,367 | +10.5% |
| Deferred charges and accrued income | 490/1 | €1,328 | €290 | -€1,038 | -78.2% |
| Total equity and liabilities | 10/49 | €16,126 | €22,010 | +€5,884 | +36.5% |
| Equity | 10/15 | €2,441 | €4,477 | +€2,035 | +83.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,756 | -€1,721 | +€2,035 | +54.2% |
| Amounts payable | 17/49 | €13,685 | €17,534 | +€3,849 | +28.1% |
| Amounts payable within one year | 42/48 | €12,682 | €15,935 | +€3,253 | +25.6% |
| Trade debts | 44 | €2,258 | €236 | -€2,022 | -89.5% |
| Suppliers | 440/4 | €2,258 | €236 | -€2,022 | -89.5% |
| Taxes, remuneration and social security | 45 | €604 | €1,475 | +€872 | +144% |
| Taxes | 450/3 | €604 | €1,475 | +€872 | +144% |
| Other amounts payable | 47/48 | €9,820 | €14,224 | +€4,404 | +44.8% |
| Accrued charges and deferred income | 492/3 | €1,002 | €1,598 | +€596 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €937 | -€316 | -25.2% |
| Other operating charges | 640/8 | €1,396 | €1,268 | -€128 | -9.2% |
| Gross operating margin | 9900 | €4,448 | €5,765 | +€1,317 | +29.6% |
| Operating profit (loss) | 9901 | €1,799 | €3,560 | +€1,761 | +97.9% |
| Financial income | 75/76B | €11 | €18 | +€7 | +62.0% |
| Recurring financial income | 75 | €11 | €18 | +€7 | +62.0% |
| Financial charges | 65/66B | €828 | €926 | +€98 | +11.8% |
| Recurring financial charges | 65 | €828 | €926 | +€98 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €981 | €2,651 | +€1,670 | +170% |
| Income taxes | 67/77 | €174 | €616 | +€442 | +253% |
| Profit (loss) for the period | 9904 | €807 | €2,035 | +€1,228 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €807 | €2,035 | +€1,228 | +152% |
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 26 October 2026 via checked.be.