GOPAC: 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.
GOPAC
Largest movements
- Cash +€1,804
up €1,804 (+527.6%), from €342 to €2,146
mainly Net result for the year (+€1,804) and Smaller working-capital items (+€1)
- Profit (loss) carried forward +€1,804
up €1,804 (+6.8%), from -€26,352 to -€24,548
- Gross operating margin +€2,330
up €2,330, from -€284 to €2,046
- Other operating charges -€319
down €319 (-63.2%), from €505 to €186
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 | €1,012 | €2,818 | +€1,806 | +178.4% |
| Current assets | 29/58 | €1,012 | €2,818 | +€1,806 | +178.4% |
| Cash at bank and in hand | 54/58 | €342 | €2,146 | +€1,804 | +527.6% |
| Deferred charges and accrued income | 490/1 | €670 | €671 | +€1 | +0.2% |
| Total equity and liabilities | 10/49 | €1,012 | €2,818 | +€1,806 | +178.4% |
| Equity | 10/15 | -€4,352 | -€2,548 | +€1,804 | +41.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,352 | -€24,548 | +€1,804 | +6.8% |
| Amounts payable | 17/49 | €5,364 | €5,366 | +€2 | 0.0% |
| Amounts payable within one year | 42/48 | €5,364 | €5,366 | +€2 | 0.0% |
| Trade debts | 44 | €669 | €671 | +€2 | +0.3% |
| Suppliers | 440/4 | €669 | €671 | +€2 | +0.3% |
| Other amounts payable | 47/48 | €4,695 | €4,695 | -€0 | 0.0% |
| Other operating charges | 640/8 | €505 | €186 | -€319 | -63.2% |
| Gross operating margin | 9900 | -€284 | €2,046 | +€2,330 | |
| Operating profit (loss) | 9901 | -€789 | €1,860 | +€2,649 | |
| Financial charges | 65/66B | €62 | €56 | -€6 | -9.3% |
| Recurring financial charges | 65 | €62 | €56 | -€6 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€851 | €1,804 | +€2,655 | |
| Profit (loss) for the period | 9904 | -€851 | €1,804 | +€2,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€851 | €1,804 | +€2,655 |
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 12 October 2026 via checked.be.