GP ART: 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 ART
Largest movements
- Stocks and contracts -€59,475
down €59,475 (-1.9%), from €3.1m to €3.1m
- Debts after one year -€60,489
down €60,489 (-1.9%), from €3.1m to €3.1m
- Gross operating margin -€45,742
down €45,742 (-274.3%), from -€16,675 to -€62,417
- Financial income +€45,000
up €45,000 (+225.0%), from €20,000 to €65,000
- Purchases and services -€19,427
no longer reported in 2025 (was €19,427)
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 | €3,124,535 | €3,063,029 | -€61,506 | -2.0% |
| Current assets | 29/58 | €3,124,535 | €3,063,029 | -€61,506 | -2.0% |
| Stocks and contracts in progress | 3 | €3,117,566 | €3,058,092 | -€59,475 | -1.9% |
| Stocks | 30/36 | €3,117,566 | €3,058,092 | -€59,475 | -1.9% |
| Amounts receivable within one year | 40/41 | €2,528 | €3,030 | +€502 | +19.9% |
| Trade receivables | 40 | €45 | €547 | +€502 | +1115.6% |
| Other amounts receivable | 41 | €2,483 | €2,483 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,554 | €896 | -€2,658 | -74.8% |
| Deferred charges and accrued income | 490/1 | €887 | €1,012 | +€125 | +14.0% |
| Total equity and liabilities | 10/49 | €3,124,535 | €3,063,029 | -€61,506 | -2.0% |
| Equity | 10/15 | €5,557 | €5,638 | +€80 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,043 | -€12,962 | +€80 | +0.6% |
| Amounts payable | 17/49 | €3,118,978 | €3,057,392 | -€61,586 | -2.0% |
| Amounts payable after more than one year | 17 | €3,117,665 | €3,057,176 | -€60,489 | -1.9% |
| Financial debts | 170/4 | €3,117,665 | €3,057,176 | -€60,489 | -1.9% |
| Amounts payable within one year | 42/48 | €1,314 | €216 | -€1,097 | -83.5% |
| Trade debts | 44 | €1,103 | - | -€1,103 | |
| Suppliers | 440/4 | €1,103 | - | -€1,103 | |
| Taxes, remuneration and social security | 45 | €211 | €216 | +€5 | +2.4% |
| Taxes | 450/3 | €211 | €216 | +€5 | +2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,427 | - | -€19,427 | |
| Other operating charges | 640/8 | €1,472 | €1,418 | -€54 | -3.7% |
| Non-recurring operating charges | 66A | - | €750 | +€750 | |
| Gross operating margin | 9900 | -€16,675 | -€62,417 | -€45,742 | -274.3% |
| Operating profit (loss) | 9901 | -€18,147 | -€64,585 | -€46,438 | -255.9% |
| Financial income | 75/76B | €20,000 | €65,000 | +€45,000 | +225.0% |
| Recurring financial income | 75 | €20,000 | €65,000 | +€45,000 | +225.0% |
| Financial charges | 65/66B | €88 | €222 | +€134 | +151.3% |
| Recurring financial charges | 65 | €88 | €222 | +€134 | +151.3% |
| Profit (loss) for the period before taxes | 9903 | €1,765 | €193 | -€1,571 | -89.0% |
| Income taxes | 67/77 | €103 | €113 | +€10 | +9.4% |
| Profit (loss) for the period | 9904 | €1,661 | €80 | -€1,581 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,661 | €80 | -€1,581 | -95.2% |
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.