GJP: 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.
GJP
Largest movements
- Stocks and contracts -€34,588
down €34,588 (-100.0%), from €34,588 to €0
- Receivables within one year +€31,524
up €31,524 (+151.2%), from €20,851 to €52,375
of which Trade receivables: +€26,698
- Current investments +€31,117
up €31,117 (+35.2%), from €88,456 to €119,572
- Tangible fixed assets +€16,126
up €16,126 (+3.2%), from €511,072 to €527,198
of which Land and buildings: +€16,685
- Cash +€15,918
up €15,918 (+282.9%), from €5,628 to €21,545
mainly Net result for the year (+€97,816) and Stocks and contracts (+€34,588)
- Profit (loss) carried forward +€97,816
up €97,816 (+62.8%), from €155,657 to €253,473
- Other debts -€19,206
down €19,206 (-79.9%), from €24,037 to €4,831
- Tax, wage and social debts -€16,874
down €16,874 (-30.8%), from €54,862 to €37,988
of which Taxes: -€16,874
- Gross operating margin +€56,093
up €56,093 (+35.5%), from €158,063 to €214,156
- Other operating charges +€30,252
up €30,252 (+406.8%), from €7,437 to €37,689
- Financial charges +€4,252
up €4,252 (+16.8%), from €25,327 to €29,579
- Taxes +€3,752
up €3,752 (+11.9%), from €31,506 to €35,258
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 | €836,792 | €895,742 | +€58,950 | +7.0% |
| Fixed assets | 21/28 | €686,072 | €702,198 | +€16,126 | +2.4% |
| Tangible fixed assets | 22/27 | €511,072 | €527,198 | +€16,126 | +3.2% |
| Land and buildings | 22 | €503,293 | €519,979 | +€16,685 | +3.3% |
| Plant, machinery and equipment | 23 | €695 | €516 | -€179 | -25.7% |
| Furniture and vehicles | 24 | €7,084 | €6,703 | -€381 | -5.4% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €150,720 | €193,544 | +€42,824 | +28.4% |
| Stocks and contracts in progress | 3 | €34,588 | €0 | -€34,588 | -100.0% |
| Stocks | 30/36 | €34,588 | €0 | -€34,588 | -100.0% |
| Amounts receivable within one year | 40/41 | €20,851 | €52,375 | +€31,524 | +151.2% |
| Trade receivables | 40 | €20,449 | €47,147 | +€26,698 | +130.6% |
| Other amounts receivable | 41 | €402 | €5,228 | +€4,826 | +1200.0% |
| Current investments | 50/53 | €88,456 | €119,572 | +€31,117 | +35.2% |
| Cash at bank and in hand | 54/58 | €5,628 | €21,545 | +€15,918 | +282.9% |
| Deferred charges and accrued income | 490/1 | €1,197 | €51 | -€1,146 | -95.7% |
| Total equity and liabilities | 10/49 | €836,792 | €895,742 | +€58,950 | +7.0% |
| Equity | 10/15 | €158,657 | €256,473 | +€97,816 | +61.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,657 | €253,473 | +€97,816 | +62.8% |
| Amounts payable | 17/49 | €678,134 | €639,268 | -€38,866 | -5.7% |
| Amounts payable after more than one year | 17 | €556,460 | €548,030 | -€8,431 | -1.5% |
| Financial debts | 170/4 | €555,960 | €547,780 | -€8,181 | -1.5% |
| Other amounts payable | 178/9 | €500 | €250 | -€250 | -50.0% |
| Amounts payable within one year | 42/48 | €121,674 | €91,239 | -€30,435 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €40,032 | €45,161 | +€5,129 | +12.8% |
| Financial debts | 43 | €101 | €0 | -€101 | -100.0% |
| Other loans | 439 | €101 | €0 | -€101 | -100.0% |
| Trade debts | 44 | €2,642 | €3,258 | +€616 | +23.3% |
| Suppliers | 440/4 | €2,642 | €3,258 | +€616 | +23.3% |
| Taxes, remuneration and social security | 45 | €54,862 | €37,988 | -€16,874 | -30.8% |
| Taxes | 450/3 | €53,862 | €36,988 | -€16,874 | -31.3% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €24,037 | €4,831 | -€19,206 | -79.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,380 | €15,432 | +€1,052 | +7.3% |
| Other operating charges | 640/8 | €7,437 | €37,689 | +€30,252 | +406.8% |
| Gross operating margin | 9900 | €158,063 | €214,156 | +€56,093 | +35.5% |
| Operating profit (loss) | 9901 | €136,247 | €161,035 | +€24,789 | +18.2% |
| Financial income | 75/76B | €1,430 | €1,618 | +€188 | +13.2% |
| Recurring financial income | 75 | €1,430 | €1,618 | +€188 | +13.2% |
| Financial charges | 65/66B | €25,327 | €29,579 | +€4,252 | +16.8% |
| Recurring financial charges | 65 | €25,327 | €29,579 | +€4,252 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €112,349 | €133,074 | +€20,725 | +18.4% |
| Income taxes | 67/77 | €31,506 | €35,258 | +€3,752 | +11.9% |
| Profit (loss) for the period | 9904 | €80,843 | €97,816 | +€16,973 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,843 | €97,816 | +€16,973 | +21.0% |
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 11 October 2026 via checked.be.