GP MODEL: 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 MODEL
Largest movements
- Cash +€42,645
up €42,645 (+195.0%), from €21,871 to €64,516
mainly Net result for the year (+€72,835) and Trade debts (+€1,538)
- Receivables within one year +€31,032
up €31,032 (+57.6%), from €53,846 to €84,878
of which Trade receivables: +€26,632
- Profit (loss) carried forward +€72,835
up €72,835 (+146.3%), from €49,788 to €122,623
- Trade debts +€1,538
up €1,538 (+149.4%), from €1,030 to €2,567
- Gross operating margin +€28,761
up €28,761 (+45.4%), from €63,345 to €92,106
- Taxes +€6,043
up €6,043 (+46.3%), from €13,039 to €19,082
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,717 | €149,394 | +€73,677 | +97.3% |
| Current assets | 29/58 | €75,717 | €149,394 | +€73,677 | +97.3% |
| Amounts receivable within one year | 40/41 | €53,846 | €84,878 | +€31,032 | +57.6% |
| Trade receivables | 40 | €42,253 | €68,885 | +€26,632 | +63.0% |
| Other amounts receivable | 41 | €11,593 | €15,993 | +€4,400 | +38.0% |
| Cash at bank and in hand | 54/58 | €21,871 | €64,516 | +€42,645 | +195.0% |
| Total equity and liabilities | 10/49 | €75,717 | €149,394 | +€73,677 | +97.3% |
| Equity | 10/15 | €50,788 | €123,623 | +€72,835 | +143.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,788 | €122,623 | +€72,835 | +146.3% |
| Amounts payable | 17/49 | €24,929 | €25,771 | +€842 | +3.4% |
| Amounts payable within one year | 42/48 | €24,929 | €25,771 | +€842 | +3.4% |
| Financial debts | 43 | €853 | €47 | -€806 | -94.5% |
| Credit institutions | 430/8 | €853 | €0 | -€853 | -100.0% |
| Other loans | 439 | - | €47 | +€47 | |
| Trade debts | 44 | €1,030 | €2,567 | +€1,538 | +149.4% |
| Suppliers | 440/4 | €1,030 | €2,567 | +€1,538 | +149.4% |
| Taxes, remuneration and social security | 45 | €23,046 | €23,156 | +€110 | +0.5% |
| Taxes | 450/3 | €23,046 | €23,156 | +€110 | +0.5% |
| Other operating charges | 640/8 | €392 | €74 | -€318 | -81.0% |
| Gross operating margin | 9900 | €63,345 | €92,106 | +€28,761 | +45.4% |
| Operating profit (loss) | 9901 | €62,953 | €92,031 | +€29,078 | +46.2% |
| Financial charges | 65/66B | €125 | €114 | -€11 | -9.1% |
| Recurring financial charges | 65 | €125 | €114 | -€11 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €62,828 | €91,917 | +€29,090 | +46.3% |
| Income taxes | 67/77 | €13,039 | €19,082 | +€6,043 | +46.3% |
| Profit (loss) for the period | 9904 | €49,788 | €72,835 | +€23,047 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,788 | €72,835 | +€23,047 | +46.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.