GP MAKEUP: 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 MAKEUP
Largest movements
- Tangible fixed assets -€14,737
down €14,737 (-26.3%), from €55,988 to €41,251
- Cash +€895
up €895 (+38.1%), from €2,350 to €3,245
mainly Depreciation (+€14,737) and Tax, wage and social debts (+€10,413)
- Profit (loss) carried forward -€24,377
down €24,377 (-48.6%), from €50,127 to €25,749
- Tax, wage and social debts +€10,413
up €10,413 (+2654.2%), from €392 to €10,806
of which Remuneration and social security: +€9,950
- Accrued charges and deferred income +€5,261
new in 2025: €5,261
- Trade debts -€4,121
down €4,121 (-31.0%), from €13,280 to €9,159
- Current portion of long-term debt -€1,014
no longer reported in 2025 (was €1,014)
- Gross operating margin -€50,998
down €50,998, from €42,455 to -€8,543
- Depreciation +€8,541
up €8,541 (+137.8%), from €6,197 to €14,737
- Other operating charges -€2,312
down €2,312 (-70.4%), from €3,282 to €970
- Financial income -€626
down €626 (-100.0%), from €626 to €0
of which Non-recurring financial income: -€626
- Taxes -€516
no longer reported in 2025 (was €516)
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 | €74,813 | €60,974 | -€13,839 | -18.5% |
| Fixed assets | 21/28 | €57,038 | €42,301 | -€14,737 | -25.8% |
| Tangible fixed assets | 22/27 | €55,988 | €41,251 | -€14,737 | -26.3% |
| Furniture and vehicles | 24 | €55,988 | €41,251 | -€14,737 | -26.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €17,775 | €18,674 | +€898 | +5.1% |
| Amounts receivable within one year | 40/41 | €15,389 | €15,428 | +€40 | +0.3% |
| Trade receivables | 40 | - | €806 | +€806 | |
| Other amounts receivable | 41 | €15,389 | €14,622 | -€766 | -5.0% |
| Cash at bank and in hand | 54/58 | €2,350 | €3,245 | +€895 | +38.1% |
| Deferred charges and accrued income | 490/1 | €37 | - | -€37 | |
| Total equity and liabilities | 10/49 | €74,813 | €60,974 | -€13,839 | -18.5% |
| Equity | 10/15 | €60,127 | €35,749 | -€24,377 | -40.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,127 | €25,749 | -€24,377 | -48.6% |
| Amounts payable | 17/49 | €14,687 | €25,225 | +€10,539 | +71.8% |
| Amounts payable within one year | 42/48 | €14,687 | €19,964 | +€5,278 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €1,014 | - | -€1,014 | |
| Trade debts | 44 | €13,280 | €9,159 | -€4,121 | -31.0% |
| Suppliers | 440/4 | €13,280 | €9,159 | -€4,121 | -31.0% |
| Taxes, remuneration and social security | 45 | €392 | €10,806 | +€10,413 | +2654.2% |
| Taxes | 450/3 | €392 | €856 | +€463 | +118.1% |
| Remuneration and social security | 454/9 | - | €9,950 | +€9,950 | |
| Accrued charges and deferred income | 492/3 | - | €5,261 | +€5,261 | |
| Non-recurring operating income | 76A | €480 | - | -€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,197 | €14,737 | +€8,541 | +137.8% |
| Other operating charges | 640/8 | €3,282 | €970 | -€2,312 | -70.4% |
| Gross operating margin | 9900 | €42,455 | -€8,543 | -€50,998 | |
| Operating profit (loss) | 9901 | €32,976 | -€24,250 | -€57,226 | |
| Financial income | 75/76B | €626 | €0 | -€626 | -100.0% |
| Recurring financial income | 75 | €626 | €0 | -€626 | -100.0% |
| Non-recurring financial income | 76B | €626 | - | -€626 | |
| Financial charges | 65/66B | €288 | €127 | -€161 | -55.8% |
| Recurring financial charges | 65 | €140 | €127 | -€12 | -8.9% |
| Non-recurring financial charges | 66B | €148 | - | -€148 | |
| Profit (loss) for the period before taxes | 9903 | €33,314 | -€24,377 | -€57,692 | |
| Income taxes | 67/77 | €516 | - | -€516 | |
| Profit (loss) for the period | 9904 | €32,798 | -€24,377 | -€57,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,798 | -€24,377 | -€57,176 |
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 12 October 2026 via checked.be.