Gê-Pan: 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.
Gê-Pan
Largest movements
- Receivables within one year -€16,963
down €16,963 (-94.3%), from €17,991 to €1,029
of which Trade receivables: -€17,829
- Cash +€5,115
up €5,115 (+143%), from €3,565 to €8,680
mainly Receivables within one year (+€16,963) and Net result for the year (+€9,839)
- Tangible fixed assets -€3,991
down €3,991 (-39.0%), from €10,243 to €6,253
of which Furniture and vehicles: -€2,742
- Other debts -€15,908
down €15,908 (-24.7%), from €64,370 to €48,462
- Profit (loss) carried forward +€9,839
up €9,839 (+15.8%), from -€62,212 to -€52,373
- Trade debts -€8,526
down €8,526 (-79.7%), from €10,699 to €2,173
- Tax, wage and social debts -€979
down €979 (-69.7%), from €1,404 to €425
- Gross operating margin +€11,498
up €11,498 (+233%), from €4,929 to €16,428
- Depreciation -€702
down €702 (-11.6%), from €6,046 to €5,344
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 | €33,271 | €17,697 | -€15,574 | -46.8% |
| Fixed assets | 21/28 | €10,317 | €6,327 | -€3,991 | -38.7% |
| Tangible fixed assets | 22/27 | €10,243 | €6,253 | -€3,991 | -39.0% |
| Furniture and vehicles | 24 | €5,612 | €2,871 | -€2,742 | -48.9% |
| Other tangible fixed assets | 26 | €4,631 | €3,382 | -€1,249 | -27.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €22,953 | €11,370 | -€11,583 | -50.5% |
| Amounts receivable within one year | 40/41 | €17,991 | €1,029 | -€16,963 | -94.3% |
| Trade receivables | 40 | €17,829 | - | -€17,829 | |
| Other amounts receivable | 41 | €162 | €1,029 | +€866 | +534% |
| Cash at bank and in hand | 54/58 | €3,565 | €8,680 | +€5,115 | +143% |
| Deferred charges and accrued income | 490/1 | €1,397 | €1,661 | +€264 | +18.9% |
| Total equity and liabilities | 10/49 | €33,271 | €17,697 | -€15,574 | -46.8% |
| Equity | 10/15 | -€43,202 | -€33,363 | +€9,839 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410 | €410 | = | 0.0% |
| Distributable reserves | 133 | €410 | €410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,212 | -€52,373 | +€9,839 | +15.8% |
| Amounts payable | 17/49 | €76,473 | €51,060 | -€25,413 | -33.2% |
| Amounts payable within one year | 42/48 | €76,473 | €51,060 | -€25,413 | -33.2% |
| Trade debts | 44 | €10,699 | €2,173 | -€8,526 | -79.7% |
| Suppliers | 440/4 | €10,699 | €2,173 | -€8,526 | -79.7% |
| Taxes, remuneration and social security | 45 | €1,404 | €425 | -€979 | -69.7% |
| Taxes | 450/3 | €1,404 | €425 | -€979 | -69.7% |
| Other amounts payable | 47/48 | €64,370 | €48,462 | -€15,908 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,046 | €5,344 | -€702 | -11.6% |
| Other operating charges | 640/8 | €864 | €887 | +€22 | +2.6% |
| Gross operating margin | 9900 | €4,929 | €16,428 | +€11,498 | +233% |
| Operating profit (loss) | 9901 | -€1,981 | €10,197 | +€12,178 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -73.3% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -73.3% |
| Financial charges | 65/66B | €209 | €166 | -€43 | -20.4% |
| Recurring financial charges | 65 | €209 | €166 | -€43 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,187 | €10,032 | +€12,219 | |
| Income taxes | 67/77 | €148 | €193 | +€45 | +30.7% |
| Profit (loss) for the period | 9904 | -€2,334 | €9,839 | +€12,173 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,334 | €9,839 | +€12,173 |
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 17 October 2026 via checked.be.