GMP Concept: 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.
GMP Concept
Largest movements
- Cash -€58,689
down €58,689 (-78.8%), from €74,472 to €15,783
mainly Trade debts (-€79,158) and Investment in fixed assets (net) (-€30,457)
- Tangible fixed assets +€26,446
up €26,446 (+132%), from €20,103 to €46,548
of which Other tangible fixed assets: +€25,722
- Receivables within one year -€8,664
down €8,664 (-38.0%), from €22,784 to €14,120
of which Trade receivables: -€6,723
- Trade debts -€79,158
down €79,158 (-96.9%), from €81,696 to €2,538
of which Suppliers: -€79,344
- Profit (loss) carried forward +€25,533
up €25,533 (+124%), from €20,636 to €46,168
- Tax, wage and social debts +€8,148
new in 2025: €8,148
- Other debts +€5,319
up €5,319 (+65.7%), from €8,097 to €13,416
- Gross operating margin +€21,506
up €21,506 (+123%), from €17,435 to €38,941
- Taxes +€8,148
new in 2025: €8,148
- Depreciation +€3,061
up €3,061 (+322%), from €950 to €4,011
- Other operating charges +€794
new in 2025: €794
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 | €117,358 | €77,201 | -€40,158 | -34.2% |
| Fixed assets | 21/28 | €20,103 | €46,548 | +€26,446 | +132% |
| Tangible fixed assets | 22/27 | €20,103 | €46,548 | +€26,446 | +132% |
| Furniture and vehicles | 24 | €2,738 | €3,461 | +€723 | +26.4% |
| Other tangible fixed assets | 26 | €17,365 | €43,087 | +€25,722 | +148% |
| Current assets | 29/58 | €97,256 | €30,652 | -€66,603 | -68.5% |
| Amounts receivable within one year | 40/41 | €22,784 | €14,120 | -€8,664 | -38.0% |
| Trade receivables | 40 | €15,193 | €8,470 | -€6,723 | -44.2% |
| Other amounts receivable | 41 | €7,592 | €5,650 | -€1,942 | -25.6% |
| Cash at bank and in hand | 54/58 | €74,472 | €15,783 | -€58,689 | -78.8% |
| Deferred charges and accrued income | 490/1 | - | €750 | +€750 | |
| Total equity and liabilities | 10/49 | €117,358 | €77,201 | -€40,158 | -34.2% |
| Equity | 10/15 | €27,566 | €53,098 | +€25,533 | +92.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €630 | €630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €630 | €630 | = | 0.0% |
| Reserves not available under the articles | 1311 | €630 | €630 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,636 | €46,168 | +€25,533 | +124% |
| Amounts payable | 17/49 | €89,793 | €24,102 | -€65,691 | -73.2% |
| Amounts payable within one year | 42/48 | €89,793 | €24,102 | -€65,691 | -73.2% |
| Trade debts | 44 | €81,696 | €2,538 | -€79,158 | -96.9% |
| Suppliers | 440/4 | €81,696 | €2,353 | -€79,344 | -97.1% |
| Bills of exchange payable | 441 | - | €185 | +€185 | |
| Taxes, remuneration and social security | 45 | - | €8,148 | +€8,148 | |
| Taxes | 450/3 | - | €8,148 | +€8,148 | |
| Other amounts payable | 47/48 | €8,097 | €13,416 | +€5,319 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €4,011 | +€3,061 | +322% |
| Other operating charges | 640/8 | - | €794 | +€794 | |
| Gross operating margin | 9900 | €17,435 | €38,941 | +€21,506 | +123% |
| Operating profit (loss) | 9901 | €16,485 | €34,136 | +€17,651 | +107% |
| Financial charges | 65/66B | €688 | €454 | -€234 | -34.0% |
| Recurring financial charges | 65 | €688 | €454 | -€234 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €15,796 | €33,681 | +€17,885 | +113% |
| Income taxes | 67/77 | - | €8,148 | +€8,148 | |
| Profit (loss) for the period | 9904 | €15,796 | €25,533 | +€9,736 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,796 | €25,533 | +€9,736 | +61.6% |
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.