GP LINE: 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 LINE
Largest movements
- Cash +€73,417
up €73,417 (+138.0%), from €53,215 to €126,632
mainly Other debts (+€249,522) and Net result for the year (+€192,893)
- Tangible fixed assets -€43,610
down €43,610 (-2.0%), from €2.2m to €2.1m
of which Land and buildings: -€41,081
- Other debts +€249,522
up €249,522 (+218.4%), from €114,226 to €363,748
- Reserves -€205,046
down €205,046 (-31.7%), from €646,469 to €441,423
of which Distributable reserves: -€205,046
- Debts after one year -€77,500
down €77,500 (-5.1%), from €1.5m to €1.4m
of which Financial debts: -€97,628
- Profit (loss) carried forward +€44,775
up €44,775, from -€44,775 to €0
- Gross operating margin +€147,929
up €147,929 (+163.3%), from €90,588 to €238,517
- Financial income +€100,000
up €100,000 (+37036937.0%), from €0 to €100,000
- Taxes +€14,812
up €14,812, from €0 to €14,812
- Financial charges -€10,585
down €10,585 (-19.8%), from €53,446 to €42,861
- Depreciation +€5,428
up €5,428 (+7.6%), from €71,554 to €76,983
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 | €2,380,016 | €2,409,288 | +€29,272 | +1.2% |
| Fixed assets | 21/28 | €2,326,206 | €2,282,596 | -€43,610 | -1.9% |
| Tangible fixed assets | 22/27 | €2,178,343 | €2,134,733 | -€43,610 | -2.0% |
| Land and buildings | 22 | €2,173,128 | €2,132,047 | -€41,081 | -1.9% |
| Furniture and vehicles | 24 | €4,497 | €2,264 | -€2,233 | -49.7% |
| Other tangible fixed assets | 26 | €718 | €423 | -€296 | -41.2% |
| Financial fixed assets | 28 | €147,863 | €147,863 | = | 0.0% |
| Current assets | 29/58 | €53,810 | €126,691 | +€72,881 | +135.4% |
| Amounts receivable within one year | 40/41 | €595 | €59 | -€536 | -90.1% |
| Trade receivables | 40 | €595 | €0 | -€595 | -100.0% |
| Other amounts receivable | 41 | €0 | €59 | +€59 | |
| Cash at bank and in hand | 54/58 | €53,215 | €126,632 | +€73,417 | +138.0% |
| Total equity and liabilities | 10/49 | €2,380,016 | €2,409,288 | +€29,272 | +1.2% |
| Equity | 10/15 | €620,294 | €460,023 | -€160,271 | -25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €646,469 | €441,423 | -€205,046 | -31.7% |
| 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 | €644,609 | €439,563 | -€205,046 | -31.8% |
| Profit (loss) carried forward | 14 | -€44,775 | €0 | +€44,775 | |
| Amounts payable | 17/49 | €1,759,722 | €1,949,264 | +€189,543 | +10.8% |
| Amounts payable after more than one year | 17 | €1,508,207 | €1,430,707 | -€77,500 | -5.1% |
| Financial debts | 170/4 | €1,507,451 | €1,409,823 | -€97,628 | -6.5% |
| Other amounts payable | 178/9 | €756 | €20,884 | +€20,128 | +2663.5% |
| Amounts payable within one year | 42/48 | €251,515 | €518,558 | +€267,042 | +106.2% |
| Current portion of amounts payable after more than one year | 42 | €74,479 | €96,624 | +€22,145 | +29.7% |
| Trade debts | 44 | €44,999 | €41,330 | -€3,670 | -8.2% |
| Suppliers | 440/4 | €44,999 | €41,330 | -€3,670 | -8.2% |
| Taxes, remuneration and social security | 45 | €17,811 | €16,856 | -€955 | -5.4% |
| Taxes | 450/3 | €17,811 | €16,856 | -€955 | -5.4% |
| Other amounts payable | 47/48 | €114,226 | €363,748 | +€249,522 | +218.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,554 | €76,983 | +€5,428 | +7.6% |
| Other operating charges | 640/8 | €10,634 | €10,969 | +€334 | +3.1% |
| Gross operating margin | 9900 | €90,588 | €238,517 | +€147,929 | +163.3% |
| Operating profit (loss) | 9901 | €8,399 | €150,566 | +€142,167 | +1692.7% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | +37036937.0% |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | +37036937.0% |
| Financial charges | 65/66B | €53,446 | €42,861 | -€10,585 | -19.8% |
| Recurring financial charges | 65 | €53,446 | €42,861 | -€10,585 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,047 | €207,705 | +€252,752 | |
| Income taxes | 67/77 | €0 | €14,812 | +€14,812 | |
| Profit (loss) for the period | 9904 | -€45,047 | €192,893 | +€237,940 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,047 | €192,893 | +€237,940 |
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 5 October 2026 via checked.be.