GP ACCOUNT: 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 ACCOUNT
Largest movements
- Receivables after one year -€978,893
down €978,893 (-72.6%), from €1.3m to €368,921
- Current investments -€104,059
down €104,059 (-50.6%), from €205,534 to €101,475
- Reserves -€1.2m
down €1.2m (-99.7%), from €1.2m to €3,237
- Current portion of long-term debt +€50,191
up €50,191 (+437%), from €11,479 to €61,670
- Other debts +€43,735
up €43,735 (+1,109%), from €3,944 to €47,679
- Debts after one year +€43,004
up €43,004 (+7.9%), from €545,523 to €588,527
of which Other amounts payable: +€54,776
- Gross operating margin -€113,222
down €113,222 (-20.7%), from €547,869 to €434,648
- Taxes -€33,496
down €33,496 (-23.1%), from €144,843 to €111,347
- Financial charges +€14,248
up €14,248 (+175%), from €8,136 to €22,384
- Other operating charges -€5,681
down €5,681 (-70.5%), from €8,055 to €2,374
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 | €1,859,783 | €764,464 | -€1.1m | -58.9% |
| Fixed assets | 21/28 | €258,771 | €243,730 | -€15,041 | -5.8% |
| Tangible fixed assets | 22/27 | €258,771 | €243,730 | -€15,041 | -5.8% |
| Land and buildings | 22 | €250,038 | €240,246 | -€9,792 | -3.9% |
| Plant, machinery and equipment | 23 | €2,764 | €2,193 | -€571 | -20.7% |
| Other tangible fixed assets | 26 | €5,970 | €1,291 | -€4,678 | -78.4% |
| Current assets | 29/58 | €1,601,012 | €520,733 | -€1.1m | -67.5% |
| Amounts receivable after more than one year | 29 | €1,347,813 | €368,921 | -€978,893 | -72.6% |
| Other amounts receivable | 291 | €1,347,813 | €368,921 | -€978,893 | -72.6% |
| Amounts receivable within one year | 40/41 | €26,034 | €21,057 | -€4,978 | -19.1% |
| Trade receivables | 40 | €23,472 | €21,057 | -€2,415 | -10.3% |
| Other amounts receivable | 41 | €2,563 | - | -€2,563 | |
| Current investments | 50/53 | €205,534 | €101,475 | -€104,059 | -50.6% |
| Cash at bank and in hand | 54/58 | €4,517 | €10,667 | +€6,149 | +136% |
| Deferred charges and accrued income | 490/1 | €17,113 | €18,615 | +€1,502 | +8.8% |
| Total equity and liabilities | 10/49 | €1,859,783 | €764,464 | -€1.1m | -58.9% |
| Equity | 10/15 | €1,258,014 | €21,837 | -€1.2m | -98.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,239,414 | €3,237 | -€1.2m | -99.7% |
| Distributable reserves | 133 | €1,239,414 | €3,237 | -€1.2m | -99.7% |
| Amounts payable | 17/49 | €601,768 | €742,626 | +€140,858 | +23.4% |
| Amounts payable after more than one year | 17 | €545,523 | €588,527 | +€43,004 | +7.9% |
| Financial debts | 170/4 | €81,308 | €69,535 | -€11,773 | -14.5% |
| Other amounts payable | 178/9 | €464,215 | €518,991 | +€54,776 | +11.8% |
| Amounts payable within one year | 42/48 | €46,644 | €130,236 | +€83,593 | +179% |
| Current portion of amounts payable after more than one year | 42 | €11,479 | €61,670 | +€50,191 | +437% |
| Trade debts | 44 | €6,084 | €3,174 | -€2,910 | -47.8% |
| Suppliers | 440/4 | €6,084 | €3,174 | -€2,910 | -47.8% |
| Taxes, remuneration and social security | 45 | €25,137 | €17,715 | -€7,422 | -29.5% |
| Taxes | 450/3 | €25,137 | €17,715 | -€7,422 | -29.5% |
| Other amounts payable | 47/48 | €3,944 | €47,679 | +€43,735 | +1,109% |
| Accrued charges and deferred income | 492/3 | €9,602 | €23,863 | +€14,262 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,650 | €15,041 | -€610 | -3.9% |
| Other operating charges | 640/8 | €8,055 | €2,374 | -€5,681 | -70.5% |
| Gross operating margin | 9900 | €547,869 | €434,648 | -€113,222 | -20.7% |
| Operating profit (loss) | 9901 | €524,164 | €417,233 | -€106,931 | -20.4% |
| Financial income | 75/76B | €69,024 | €69,321 | +€297 | +0.4% |
| Recurring financial income | 75 | €69,024 | €69,321 | +€297 | +0.4% |
| Financial charges | 65/66B | €8,136 | €22,384 | +€14,248 | +175% |
| Recurring financial charges | 65 | €8,136 | €22,384 | +€14,248 | +175% |
| Profit (loss) for the period before taxes | 9903 | €585,052 | €464,170 | -€120,882 | -20.7% |
| Income taxes | 67/77 | €144,843 | €111,347 | -€33,496 | -23.1% |
| Profit (loss) for the period | 9904 | €440,209 | €352,823 | -€87,386 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €440,209 | €352,823 | -€87,386 | -19.9% |
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 20 October 2026 via checked.be.