GP-LAW: 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-LAW
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€80,292
down €80,292 (-67.2%), from €119,421 to €39,129
mainly Current investments (-€100,000) and Receivables within one year (-€41,077)
- Receivables within one year +€41,077
up €41,077, from €0 to €41,077
of which Trade receivables: +€37,416
- Tangible fixed assets +€2,807
up €2,807 (+304.2%), from €923 to €3,730
- Reserves +€66,411
up €66,411 (+82.9%), from €80,094 to €146,506
- Tax, wage and social debts -€2,011
down €2,011 (-5.2%), from €38,445 to €36,434
of which Taxes: -€5,203
- Gross operating margin +€32,636
up €32,636 (+54.8%), from €59,598 to €92,234
- Taxes +€8,990
up €8,990 (+55.9%), from €16,090 to €25,080
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 | €122,099 | €185,939 | +€63,840 | +52.3% |
| Fixed assets | 21/28 | €923 | €3,730 | +€2,807 | +304.2% |
| Tangible fixed assets | 22/27 | €923 | €3,730 | +€2,807 | +304.2% |
| Furniture and vehicles | 24 | €923 | €3,730 | +€2,807 | +304.2% |
| Current assets | 29/58 | €121,176 | €182,210 | +€61,033 | +50.4% |
| Amounts receivable within one year | 40/41 | €0 | €41,077 | +€41,077 | |
| Trade receivables | 40 | €0 | €37,416 | +€37,416 | |
| Other amounts receivable | 41 | - | €3,662 | +€3,662 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €119,421 | €39,129 | -€80,292 | -67.2% |
| Deferred charges and accrued income | 490/1 | €1,755 | €2,003 | +€248 | +14.1% |
| Total equity and liabilities | 10/49 | €122,099 | €185,939 | +€63,840 | +52.3% |
| Equity | 10/15 | €83,094 | €149,506 | +€66,411 | +79.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,094 | €146,506 | +€66,411 | +82.9% |
| Distributable reserves | 133 | €80,094 | €146,506 | +€66,411 | +82.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €39,005 | €36,434 | -€2,571 | -6.6% |
| Amounts payable within one year | 42/48 | €39,005 | €36,434 | -€2,571 | -6.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €38,445 | €36,434 | -€2,011 | -5.2% |
| Taxes | 450/3 | €38,445 | €33,242 | -€5,203 | -13.5% |
| Remuneration and social security | 454/9 | - | €3,192 | +€3,192 | |
| Other amounts payable | 47/48 | €560 | €0 | -€560 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €596 | +€320 | +115.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €59,598 | €92,234 | +€32,636 | +54.8% |
| Operating profit (loss) | 9901 | €58,816 | €91,118 | +€32,302 | +54.9% |
| Financial income | 75/76B | - | €417 | +€417 | |
| Recurring financial income | 75 | - | €417 | +€417 | |
| Financial charges | 65/66B | €44 | €44 | +€1 | +1.9% |
| Recurring financial charges | 65 | €44 | €44 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €58,773 | €91,491 | +€32,718 | +55.7% |
| Income taxes | 67/77 | €16,090 | €25,080 | +€8,990 | +55.9% |
| Profit (loss) for the period | 9904 | €42,683 | €66,411 | +€23,728 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,683 | €66,411 | +€23,728 | +55.6% |
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 3 October 2026 via checked.be.