GFPS: 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.
GFPS
Largest movements
- Receivables within one year +€3,758
up €3,758 (+5.7%), from €66,392 to €70,150
of which Other amounts receivable: +€11,103
- Cash +€1,209
up €1,209 (+18.5%), from €6,526 to €7,736
mainly Net result for the year (+€3,351) and Depreciation (+€3,065)
- Tangible fixed assets -€1,031
down €1,031 (-48.4%), from €2,133 to €1,101
- Profit (loss) carried forward +€3,351
up €3,351 (+5.4%), from €61,752 to €65,103
- Staff costs +€18,242
up €18,242 (+37.4%), from €48,715 to €66,957
- Taxes +€6,997
new in 2025: €6,997
- Gross operating margin +€6,258
up €6,258 (+7.9%), from €79,266 to €85,524
- Other operating charges -€1,305
down €1,305 (-21.6%), from €6,044 to €4,738
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 | €75,051 | €78,987 | +€3,936 | +5.2% |
| Fixed assets | 21/28 | €2,133 | €1,101 | -€1,031 | -48.4% |
| Tangible fixed assets | 22/27 | €2,133 | €1,101 | -€1,031 | -48.4% |
| Furniture and vehicles | 24 | €2,133 | €1,101 | -€1,031 | -48.4% |
| Current assets | 29/58 | €72,919 | €77,886 | +€4,967 | +6.8% |
| Amounts receivable within one year | 40/41 | €66,392 | €70,150 | +€3,758 | +5.7% |
| Trade receivables | 40 | €56,850 | €49,505 | -€7,345 | -12.9% |
| Other amounts receivable | 41 | €9,542 | €20,645 | +€11,103 | +116% |
| Cash at bank and in hand | 54/58 | €6,526 | €7,736 | +€1,209 | +18.5% |
| Total equity and liabilities | 10/49 | €75,051 | €78,987 | +€3,936 | +5.2% |
| Equity | 10/15 | €73,952 | €77,303 | +€3,351 | +4.5% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Capital | 10 | €12,200 | €12,200 | = | 0.0% |
| Issued capital | 100 | €12,200 | €12,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,752 | €65,103 | +€3,351 | +5.4% |
| Amounts payable | 17/49 | €1,099 | €1,684 | +€585 | +53.2% |
| Amounts payable within one year | 42/48 | €1,099 | €1,684 | +€585 | +53.2% |
| Trade debts | 44 | €1,099 | €1,684 | +€585 | +53.2% |
| Suppliers | 440/4 | €1,099 | €1,684 | +€585 | +53.2% |
| Remuneration, social security and pensions | 62 | €48,715 | €66,957 | +€18,242 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,243 | €3,065 | -€178 | -5.5% |
| Other operating charges | 640/8 | €6,044 | €4,738 | -€1,305 | -21.6% |
| Gross operating margin | 9900 | €79,266 | €85,524 | +€6,258 | +7.9% |
| Operating profit (loss) | 9901 | €21,264 | €10,764 | -€10,500 | -49.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €158 | €420 | +€262 | +166% |
| Recurring financial charges | 65 | €158 | €420 | +€262 | +166% |
| Profit (loss) for the period before taxes | 9903 | €21,106 | €10,347 | -€10,759 | -51.0% |
| Income taxes | 67/77 | - | €6,997 | +€6,997 | |
| Profit (loss) for the period | 9904 | €21,106 | €3,351 | -€17,756 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,106 | €3,351 | -€17,756 | -84.1% |
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 27 October 2026 via checked.be.