GMPC: what changed
Two fiscal 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.
GMPC
Largest movements
- Current investments +€150,885
new in 2025: €150,885
- Cash +€27,034
up €27,034 (+4995.4%), from €541 to €27,575
mainly Net result for the year (+€125,457) and Tax, wage and social debts (+€68,677)
- Receivables within one year +€12,833
up €12,833 (+3290.9%), from €390 to €13,223
- Tangible fixed assets +€4,817
new in 2025: €4,817
- Reserves +€123,160
new in 2025: €123,160
- Tax, wage and social debts +€68,677
new in 2025: €68,677
- Trade debts +€3,663
new in 2025: €3,663
- Profit (loss) carried forward +€2,297
up €2,297, from -€2,297 to €0
- Other debts -€2,228
down €2,228 (-100.0%), from €2,228 to €0
- Gross operating margin +€174,638
up €174,638, from -€2,284 to €172,354
- Taxes +€45,419
new in 2025: €45,419
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 | €931 | €196,501 | +€195,569 | +21003.2% |
| Fixed assets | 21/28 | - | €4,817 | +€4,817 | |
| Tangible fixed assets | 22/27 | - | €4,817 | +€4,817 | |
| Furniture and vehicles | 24 | - | €4,817 | +€4,817 | |
| Current assets | 29/58 | €931 | €191,683 | +€190,752 | +20485.9% |
| Amounts receivable within one year | 40/41 | €390 | €13,223 | +€12,833 | +3290.9% |
| Other amounts receivable | 41 | €390 | €13,223 | +€12,833 | +3290.9% |
| Current investments | 50/53 | - | €150,885 | +€150,885 | |
| Cash at bank and in hand | 54/58 | €541 | €27,575 | +€27,034 | +4995.4% |
| Total equity and liabilities | 10/49 | €931 | €196,501 | +€195,569 | +21003.2% |
| Equity | 10/15 | -€1,297 | €124,160 | +€125,457 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €123,160 | +€123,160 | |
| Distributable reserves | 133 | - | €123,160 | +€123,160 | |
| Profit (loss) carried forward | 14 | -€2,297 | €0 | +€2,297 | |
| Amounts payable | 17/49 | €2,228 | €72,340 | +€70,112 | +3146.8% |
| Amounts payable within one year | 42/48 | €2,228 | €72,340 | +€70,112 | +3146.8% |
| Trade debts | 44 | - | €3,663 | +€3,663 | |
| Suppliers | 440/4 | - | €3,663 | +€3,663 | |
| Taxes, remuneration and social security | 45 | - | €68,677 | +€68,677 | |
| Taxes | 450/3 | - | €68,677 | +€68,677 | |
| Other amounts payable | 47/48 | €2,228 | €0 | -€2,228 | -100.0% |
| Non-recurring operating income | 76A | - | €4,982 | +€4,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €948 | +€948 | |
| Other operating charges | 640/8 | - | €121 | +€121 | |
| Gross operating margin | 9900 | -€2,284 | €172,354 | +€174,638 | |
| Operating profit (loss) | 9901 | -€2,284 | €171,285 | +€173,569 | |
| Financial income | 75/76B | - | €385 | +€385 | |
| Recurring financial income | 75 | - | €385 | +€385 | |
| Financial charges | 65/66B | €13 | €793 | +€781 | +6246.4% |
| Recurring financial charges | 65 | €13 | €793 | +€781 | +6246.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,297 | €170,876 | +€173,173 | |
| Income taxes | 67/77 | - | €45,419 | +€45,419 | |
| Profit (loss) for the period | 9904 | -€2,297 | €125,457 | +€127,754 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,297 | €125,457 | +€127,754 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.