GC LP: 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.
GC LP
Largest movements
- Cash +€73,895
up €73,895 (+154.3%), from €47,895 to €121,790
mainly Receivables within one year (+€42,128) and Net result for the year (+€38,127)
- Receivables within one year -€42,128
down €42,128 (-81.2%), from €51,899 to €9,771
of which Trade receivables: -€29,361
- Tangible fixed assets -€13,041
down €13,041 (-46.7%), from €27,948 to €14,907
- Profit (loss) carried forward +€35,163
up €35,163 (+44.0%), from €79,837 to €115,000
- Trade debts -€25,984
down €25,984 (-86.6%), from €29,991 to €4,007
- Tax, wage and social debts +€7,450
up €7,450 (+43.1%), from €17,274 to €24,724
of which Taxes: +€8,350
- Other debts +€2,105
up €2,105 (+245.1%), from €859 to €2,964
- Gross operating margin +€7,490
up €7,490 (+13.7%), from €54,530 to €62,021
- Taxes +€1,532
up €1,532 (+18.1%), from €8,450 to €9,982
- Other operating charges -€744
no longer reported in 2025 (was €744)
- Depreciation +€723
up €723 (+5.2%), from €13,799 to €14,522
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 | €128,461 | €147,195 | +€18,734 | +14.6% |
| Fixed assets | 21/28 | €27,948 | €14,907 | -€13,041 | -46.7% |
| Tangible fixed assets | 22/27 | €27,948 | €14,907 | -€13,041 | -46.7% |
| Furniture and vehicles | 24 | €27,948 | €14,907 | -€13,041 | -46.7% |
| Current assets | 29/58 | €100,513 | €132,289 | +€31,775 | +31.6% |
| Amounts receivable within one year | 40/41 | €51,899 | €9,771 | -€42,128 | -81.2% |
| Trade receivables | 40 | €29,594 | €233 | -€29,361 | -99.2% |
| Other amounts receivable | 41 | €22,305 | €9,538 | -€12,767 | -57.2% |
| Cash at bank and in hand | 54/58 | €47,895 | €121,790 | +€73,895 | +154.3% |
| Deferred charges and accrued income | 490/1 | €719 | €727 | +€8 | +1.1% |
| Total equity and liabilities | 10/49 | €128,461 | €147,195 | +€18,734 | +14.6% |
| Equity | 10/15 | €80,337 | €115,500 | +€35,163 | +43.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,837 | €115,000 | +€35,163 | +44.0% |
| Amounts payable | 17/49 | €48,124 | €31,695 | -€16,429 | -34.1% |
| Amounts payable within one year | 42/48 | €48,124 | €31,695 | -€16,429 | -34.1% |
| Trade debts | 44 | €29,991 | €4,007 | -€25,984 | -86.6% |
| Suppliers | 440/4 | €29,991 | €4,007 | -€25,984 | -86.6% |
| Taxes, remuneration and social security | 45 | €17,274 | €24,724 | +€7,450 | +43.1% |
| Taxes | 450/3 | €16,374 | €24,724 | +€8,350 | +51.0% |
| Remuneration and social security | 454/9 | €900 | - | -€900 | |
| Other amounts payable | 47/48 | €859 | €2,964 | +€2,105 | +245.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,799 | €14,522 | +€723 | +5.2% |
| Other operating charges | 640/8 | €744 | - | -€744 | |
| Gross operating margin | 9900 | €54,530 | €62,021 | +€7,490 | +13.7% |
| Operating profit (loss) | 9901 | €39,987 | €47,499 | +€7,512 | +18.8% |
| Financial income | 75/76B | €664 | €672 | +€8 | +1.2% |
| Recurring financial income | 75 | €664 | €672 | +€8 | +1.2% |
| Financial charges | 65/66B | €90 | €62 | -€28 | -31.3% |
| Recurring financial charges | 65 | €90 | €62 | -€28 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €40,561 | €48,109 | +€7,548 | +18.6% |
| Income taxes | 67/77 | €8,450 | €9,982 | +€1,532 | +18.1% |
| Profit (loss) for the period | 9904 | €32,110 | €38,127 | +€6,017 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,110 | €38,127 | +€6,017 | +18.7% |
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 4 October 2026 via checked.be.