G-PRO PARTICIPATION: what changed
What changed
G-PRO PARTICIPATION
filed annual accounts (NBB)
Net result for the year
-€34,158
2024 · -€39,185+€5,027
Equity
-€18,619
2024 · €15,539-€34,158
Cash
€22,893
2024 · €13,473+€9,420
Balance sheet total
€1.5m
2024 · €561,169+€922,759
Largest movements
Assets
- Financial fixed assets +€1.1m
up €1.1m (+314%), from €344,248 to €1.4m
- Receivables after one year -€175,392
down €175,392 (-86.8%), from €202,057 to €26,665
Equity and liabilities
- Other debts +€967,965
up €967,965 (+181%), from €534,195 to €1.5m
- Profit (loss) carried forward -€39,440
down €39,440 (-417%), from -€9,461 to -€48,901
Income statement
- Financial charges +€27,962
up €27,962 (+113%), from €24,690 to €52,652
- Taxes -€23,106
no longer reported in 2025 (was €23,106)
- Financial income +€15,064
up €15,064 (+166%), from €9,067 to €24,131
of which Non-recurring financial income: +€17,599
- Gross operating margin -€5,173
down €5,173 (-8,083%), from -€64 to -€5,237
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
-€39,185
Gross operating margin
-€5,173
Other operating charges
-€8
Financial income
+€15,064
Financial charges
-€27,962
Taxes
+€23,106
Result 2025
-€34,158
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
+€1.1m
Investment
-€1.1m
Financing
€0
Cash 2024
€13,473
From operations (derived)
+€1.1m
Net result for the year
-€34,158
Receivables after one year
+€175,392
Receivables within one year
-€3,609
Trade debts
-€442
Tax, wage and social debts
-€10,606
Other debts
+€967,965
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
-€5,282
Cash 2025
€22,893
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,169 | €1,483,928 | +€922,759 | +164% |
| Fixed assets | 21/28 | €344,248 | €1,424,088 | +€1.1m | +314% |
| Financial fixed assets | 28 | €344,248 | €1,424,088 | +€1.1m | +314% |
| Current assets | 29/58 | €216,921 | €59,840 | -€157,081 | -72.4% |
| Amounts receivable after more than one year | 29 | €202,057 | €26,665 | -€175,392 | -86.8% |
| Other amounts receivable | 291 | €202,057 | €26,665 | -€175,392 | -86.8% |
| Amounts receivable within one year | 40/41 | €1,391 | €5,000 | +€3,609 | +259% |
| Other amounts receivable | 41 | €1,391 | €5,000 | +€3,609 | +259% |
| Current investments | 50/53 | - | €5,282 | +€5,282 | |
| Cash at bank and in hand | 54/58 | €13,473 | €22,893 | +€9,420 | +69.9% |
| Total equity and liabilities | 10/49 | €561,169 | €1,483,928 | +€922,759 | +164% |
| Equity | 10/15 | €15,539 | -€18,619 | -€34,158 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €5,282 | +€5,282 | |
| Non-distributable reserves | 130/1 | - | €5,282 | +€5,282 | |
| Own shares acquired | 1312 | - | €5,282 | +€5,282 | |
| Profit (loss) carried forward | 14 | -€9,461 | -€48,901 | -€39,440 | -417% |
| Amounts payable | 17/49 | €545,630 | €1,502,547 | +€956,917 | +175% |
| Amounts payable within one year | 42/48 | €545,630 | €1,502,547 | +€956,917 | +175% |
| Trade debts | 44 | €829 | €387 | -€442 | -53.3% |
| Suppliers | 440/4 | €829 | €387 | -€442 | -53.3% |
| Taxes, remuneration and social security | 45 | €10,606 | - | -€10,606 | |
| Taxes | 450/3 | €10,606 | - | -€10,606 | |
| Other amounts payable | 47/48 | €534,195 | €1,502,160 | +€967,965 | +181% |
| Other operating charges | 640/8 | €392 | €400 | +€8 | +2.0% |
| Gross operating margin | 9900 | -€64 | -€5,237 | -€5,173 | -8,083% |
| Operating profit (loss) | 9901 | -€456 | -€5,637 | -€5,181 | -1,136% |
| Financial income | 75/76B | €9,067 | €24,131 | +€15,064 | +166% |
| Recurring financial income | 75 | €2,980 | €445 | -€2,535 | -85.1% |
| Non-recurring financial income | 76B | €6,087 | €23,686 | +€17,599 | +289% |
| Financial charges | 65/66B | €24,690 | €52,652 | +€27,962 | +113% |
| Recurring financial charges | 65 | €24,690 | €52,652 | +€27,962 | +113% |
| Profit (loss) for the period before taxes | 9903 | -€16,079 | -€34,158 | -€18,079 | -112% |
| Income taxes | 67/77 | €23,106 | - | -€23,106 | |
| Profit (loss) for the period | 9904 | -€39,185 | -€34,158 | +€5,027 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,185 | -€34,158 | +€5,027 | +12.8% |
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 3 November 2026 via checked.be.