GP: 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.
GP
Largest movements
- Stocks and contracts +€34,115
up €34,115 (+52.5%), from €64,956 to €99,071
- Tangible fixed assets -€8,149
down €8,149 (-24.8%), from €32,812 to €24,662
of which Furniture and vehicles: -€8,089
- Trade debts +€23,865
up €23,865 (+3,514%), from €679 to €24,544
- Tax, wage and social debts +€22,170
up €22,170 (+294%), from €7,538 to €29,708
of which Remuneration and social security: +€19,139
- Other debts -€12,638
down €12,638 (-49.2%), from €25,673 to €13,035
- Debts after one year -€5,303
down €5,303 (-100%), from €5,303 to €0
- Current portion of long-term debt -€4,403
down €4,403 (-55.0%), from €8,000 to €3,597
- Staff costs +€42,795
up €42,795 (+108%), from €39,759 to €82,554
- Gross operating margin +€40,458
up €40,458 (+64.4%), from €62,783 to €103,241
- Depreciation -€4,838
down €4,838 (-34.6%), from €13,987 to €9,149
- Other operating charges +€1,771
up €1,771 (+58.4%), from €3,035 to €4,806
- Taxes +€1,663
up €1,663 (+189%), from €881 to €2,544
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 | €109,017 | €134,687 | +€25,670 | +23.5% |
| Fixed assets | 21/28 | €38,645 | €30,084 | -€8,561 | -22.2% |
| Intangible fixed assets | 21 | €5,833 | €4,833 | -€1,000 | -17.1% |
| Tangible fixed assets | 22/27 | €32,812 | €24,662 | -€8,149 | -24.8% |
| Plant, machinery and equipment | 23 | €140 | €80 | -€60 | -42.9% |
| Furniture and vehicles | 24 | €32,672 | €24,582 | -€8,089 | -24.8% |
| Financial fixed assets | 28 | €0 | €589 | +€589 | |
| Current assets | 29/58 | €70,372 | €104,603 | +€34,231 | +48.6% |
| Stocks and contracts in progress | 3 | €64,956 | €99,071 | +€34,115 | +52.5% |
| Stocks | 30/36 | €64,956 | €99,071 | +€34,115 | +52.5% |
| Cash at bank and in hand | 54/58 | €4,673 | €4,471 | -€202 | -4.3% |
| Deferred charges and accrued income | 490/1 | €743 | €1,060 | +€318 | +42.8% |
| Total equity and liabilities | 10/49 | €109,017 | €134,687 | +€25,670 | +23.5% |
| Equity | 10/15 | €61,824 | €63,803 | +€1,979 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,224 | €45,203 | +€1,979 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,364 | €43,343 | +€1,979 | +4.8% |
| Amounts payable | 17/49 | €47,193 | €70,884 | +€23,691 | +50.2% |
| Amounts payable after more than one year | 17 | €5,303 | €0 | -€5,303 | -100% |
| Financial debts | 170/4 | €5,303 | €0 | -€5,303 | -100% |
| Amounts payable within one year | 42/48 | €41,890 | €70,884 | +€28,994 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €3,597 | -€4,403 | -55.0% |
| Trade debts | 44 | €679 | €24,544 | +€23,865 | +3,514% |
| Suppliers | 440/4 | €679 | €24,544 | +€23,865 | +3,514% |
| Taxes, remuneration and social security | 45 | €7,538 | €29,708 | +€22,170 | +294% |
| Taxes | 450/3 | €3,041 | €6,073 | +€3,032 | +99.7% |
| Remuneration and social security | 454/9 | €4,497 | €23,635 | +€19,139 | +426% |
| Other amounts payable | 47/48 | €25,673 | €13,035 | -€12,638 | -49.2% |
| Remuneration, social security and pensions | 62 | €39,759 | €82,554 | +€42,795 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,987 | €9,149 | -€4,838 | -34.6% |
| Other operating charges | 640/8 | €3,035 | €4,806 | +€1,771 | +58.4% |
| Gross operating margin | 9900 | €62,783 | €103,241 | +€40,458 | +64.4% |
| Operating profit (loss) | 9901 | €6,002 | €6,732 | +€730 | +12.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,534 | €2,209 | -€1,324 | -37.5% |
| Recurring financial charges | 65 | €3,534 | €2,209 | -€1,324 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | €4,523 | +€2,054 | +83.2% |
| Income taxes | 67/77 | €881 | €2,544 | +€1,663 | +189% |
| Profit (loss) for the period | 9904 | €1,588 | €1,979 | +€391 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,588 | €1,979 | +€391 | +24.7% |
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 14 October 2026 via checked.be.