GP ACCOUNTANCY: 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.
GP ACCOUNTANCY
Largest movements
- Receivables within one year -€331,957
down €331,957 (-72.5%), from €458,088 to €126,132
of which Other amounts receivable: -€298,793
- Cash +€293,382
up €293,382 (+247.0%), from €118,794 to €412,177
mainly Net result for the year (+€404,674) and Receivables within one year (+€331,957)
- Current investments -€207,272
down €207,272 (-22.2%), from €935,344 to €728,072
- Tangible fixed assets +€177,437
up €177,437 (+15.9%), from €1.1m to €1.3m
of which Land and buildings: +€190,359
- Reserves -€38,734
down €38,734 (-1.9%), from €2.0m to €2.0m
of which Distributable reserves: -€31,900
- Debts after one year -€37,899
down €37,899 (-5.5%), from €683,148 to €645,248
of which Financial debts: -€37,899
- Gross operating margin -€188,675
down €188,675 (-21.7%), from €870,929 to €682,254
- Taxes +€19,220
up €19,220 (+11.5%), from €167,658 to €186,878
- Financial charges +€9,834
up €9,834 (+51.4%), from €19,125 to €28,960
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 | €2,908,286 | €2,839,681 | -€68,605 | -2.4% |
| Fixed assets | 21/28 | €1,112,895 | €1,290,332 | +€177,437 | +15.9% |
| Tangible fixed assets | 22/27 | €1,112,895 | €1,290,332 | +€177,437 | +15.9% |
| Land and buildings | 22 | €1,040,374 | €1,230,733 | +€190,359 | +18.3% |
| Plant, machinery and equipment | 23 | €1,301 | €990 | -€311 | -23.9% |
| Furniture and vehicles | 24 | €71,220 | €58,609 | -€12,611 | -17.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €1,795,391 | €1,549,349 | -€246,043 | -13.7% |
| Amounts receivable after more than one year | 29 | €252,641 | €248,580 | -€4,061 | -1.6% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €252,641 | €248,580 | -€4,061 | -1.6% |
| Amounts receivable within one year | 40/41 | €458,088 | €126,132 | -€331,957 | -72.5% |
| Trade receivables | 40 | €147,754 | €114,591 | -€33,163 | -22.4% |
| Other amounts receivable | 41 | €310,335 | €11,541 | -€298,793 | -96.3% |
| Current investments | 50/53 | €935,344 | €728,072 | -€207,272 | -22.2% |
| Cash at bank and in hand | 54/58 | €118,794 | €412,177 | +€293,382 | +247.0% |
| Deferred charges and accrued income | 490/1 | €30,524 | €34,389 | +€3,865 | +12.7% |
| Total equity and liabilities | 10/49 | €2,908,286 | €2,839,681 | -€68,605 | -2.4% |
| Equity | 10/15 | €2,019,461 | €1,979,635 | -€39,826 | -2.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,016,873 | €1,978,139 | -€38,734 | -1.9% |
| Tax-exempt reserves | 132 | €182,473 | €175,639 | -€6,834 | -3.7% |
| Distributable reserves | 133 | €1,834,400 | €1,802,500 | -€31,900 | -1.7% |
| Profit (loss) carried forward | 14 | €1,588 | €496 | -€1,093 | -68.8% |
| Provisions and deferred taxes | 16 | €60,824 | €58,546 | -€2,278 | -3.7% |
| Deferred taxes | 168 | €60,824 | €58,546 | -€2,278 | -3.7% |
| Amounts payable | 17/49 | €828,001 | €801,500 | -€26,501 | -3.2% |
| Amounts payable after more than one year | 17 | €683,148 | €645,248 | -€37,899 | -5.5% |
| Financial debts | 170/4 | €588,148 | €550,248 | -€37,899 | -6.4% |
| Other amounts payable | 178/9 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,940 | €148,747 | +€8,807 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €106,798 | €113,899 | +€7,101 | +6.6% |
| Trade debts | 44 | €5,745 | €8,316 | +€2,571 | +44.8% |
| Suppliers | 440/4 | €5,745 | €8,316 | +€2,571 | +44.8% |
| Advances received on contracts in progress | 46 | €5,469 | €5,469 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,218 | €10,382 | -€9,836 | -48.6% |
| Taxes | 450/3 | €20,218 | €10,129 | -€10,089 | -49.9% |
| Remuneration and social security | 454/9 | €0 | €253 | +€253 | |
| Other amounts payable | 47/48 | €1,710 | €10,680 | +€8,970 | +524.6% |
| Accrued charges and deferred income | 492/3 | €4,914 | €7,505 | +€2,592 | +52.7% |
| Non-recurring operating income | 76A | €268,767 | €0 | -€268,767 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,104 | €97,007 | -€6,097 | -5.9% |
| Other operating charges | 640/8 | €3,947 | €5,426 | +€1,480 | +37.5% |
| Gross operating margin | 9900 | €870,929 | €682,254 | -€188,675 | -21.7% |
| Operating profit (loss) | 9901 | €763,878 | €579,821 | -€184,057 | -24.1% |
| Financial income | 75/76B | €34,371 | €38,413 | +€4,042 | +11.8% |
| Recurring financial income | 75 | €34,371 | €38,413 | +€4,042 | +11.8% |
| Financial charges | 65/66B | €19,125 | €28,960 | +€9,834 | +51.4% |
| Recurring financial charges | 65 | €19,125 | €28,960 | +€9,834 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €779,124 | €589,274 | -€189,850 | -24.4% |
| Transfer from deferred taxes | 780 | €2,393 | €2,278 | -€115 | -4.8% |
| Transfer to deferred taxes | 680 | €63,217 | €0 | -€63,217 | -100.0% |
| Income taxes | 67/77 | €167,658 | €186,878 | +€19,220 | +11.5% |
| Profit (loss) for the period | 9904 | €550,642 | €404,674 | -€145,968 | -26.5% |
| Transfer from tax-exempt reserves | 789 | €7,179 | €6,834 | -€345 | -4.8% |
| Transfer to tax-exempt reserves | 689 | €189,651 | €0 | -€189,651 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €368,169 | €411,508 | +€43,338 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.