GD P6: 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.
GD P6
Largest movements
- Cash +€3.4m
up €3.4m (+15,682%), from €21,543 to €3.4m
mainly Current investments (+€3.2m) and Investment in fixed assets (net) (+€628,202)
- Current investments -€3.2m
down €3.2m (-78.6%), from €4.1m to €874,279
- Financial fixed assets -€628,202
down €628,202 (-16.7%), from €3.8m to €3.1m
- Profit (loss) carried forward -€241,721
down €241,721 (-41.6%), from €581,325 to €339,603
- Accrued charges and deferred income -€175,147
no longer reported in 2025 (was €175,147)
- Financial charges +€453,718
up €453,718 (+363%), from €124,869 to €578,587
of which Financial charges: +€232,798
- Taxes -€47,916
no longer reported in 2025 (was €47,916)
- Financial income +€24,914
up €24,914 (+7.8%), from €317,948 to €342,863
- Gross operating margin +€4,513
up €4,513 (+52.1%), from -€8,655 to -€4,142
- Other operating charges -€907
down €907 (-32.8%), from €2,761 to €1,855
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 | €7,890,138 | €7,442,108 | -€448,031 | -5.7% |
| Fixed assets | 21/28 | €3,760,102 | €3,131,900 | -€628,202 | -16.7% |
| Financial fixed assets | 28 | €3,760,102 | €3,131,900 | -€628,202 | -16.7% |
| Current assets | 29/58 | €4,130,036 | €4,310,207 | +€180,171 | +4.4% |
| Amounts receivable within one year | 40/41 | €28,138 | €36,096 | +€7,958 | +28.3% |
| Other amounts receivable | 41 | €28,138 | €36,096 | +€7,958 | +28.3% |
| Current investments | 50/53 | €4,080,356 | €874,279 | -€3.2m | -78.6% |
| Cash at bank and in hand | 54/58 | €21,543 | €3,399,833 | +€3.4m | +15,682% |
| Total equity and liabilities | 10/49 | €7,890,138 | €7,442,108 | -€448,031 | -5.7% |
| Equity | 10/15 | €688,619 | €446,898 | -€241,721 | -35.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €7,295 | €7,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,295 | €7,295 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,295 | €7,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €581,325 | €339,603 | -€241,721 | -41.6% |
| Amounts payable | 17/49 | €7,201,519 | €6,995,210 | -€206,309 | -2.9% |
| Amounts payable within one year | 42/48 | €7,026,372 | €6,995,210 | -€31,163 | -0.4% |
| Trade debts | 44 | €1,230 | €131 | -€1,099 | -89.4% |
| Suppliers | 440/4 | €1,230 | €131 | -€1,099 | -89.4% |
| Other amounts payable | 47/48 | €7,025,143 | €6,995,079 | -€30,064 | -0.4% |
| Accrued charges and deferred income | 492/3 | €175,147 | - | -€175,147 | |
| Other operating charges | 640/8 | €2,761 | €1,855 | -€907 | -32.8% |
| Gross operating margin | 9900 | -€8,655 | -€4,142 | +€4,513 | +52.1% |
| Operating profit (loss) | 9901 | -€11,417 | -€5,997 | +€5,420 | +47.5% |
| Financial income | 75/76B | €317,948 | €342,863 | +€24,914 | +7.8% |
| Recurring financial income | 75 | €317,948 | €342,863 | +€24,914 | +7.8% |
| Financial charges | 65/66B | €124,869 | €578,587 | +€453,718 | +363% |
| Recurring financial charges | 65 | €2,869 | €235,667 | +€232,798 | +8,115% |
| Non-recurring financial charges | 66B | €122,000 | €342,919 | +€220,919 | +181% |
| Profit (loss) for the period before taxes | 9903 | €181,663 | -€241,721 | -€423,384 | |
| Income taxes | 67/77 | €47,916 | - | -€47,916 | |
| Profit (loss) for the period | 9904 | €133,747 | -€241,721 | -€375,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,747 | -€241,721 | -€375,468 |
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 13 October 2026 via checked.be.