GP-Projects: 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-Projects
Largest movements
- Stocks and contracts +€15,229
up €15,229 (+964.8%), from €1,578 to €16,808
- Cash +€15,219
up €15,219 (+218.9%), from €6,953 to €22,173
mainly Net result for the year (+€19,724) and Trade debts (+€11,475)
- Receivables within one year +€2,495
up €2,495 (+7.5%), from €33,280 to €35,775
of which Trade receivables: +€2,567
- Profit (loss) carried forward +€19,724
up €19,724 (+101.9%), from €19,357 to €39,082
- Trade debts +€11,475
up €11,475 (+106.2%), from €10,802 to €22,278
- Tax, wage and social debts +€4,316
up €4,316 (+179.8%), from €2,400 to €6,716
- Short-term financial debts -€3,392
no longer reported in 2025 (was €3,392)
- Other debts +€885
up €885 (+16.4%), from €5,409 to €6,294
- Gross operating margin +€1,331
up €1,331 (+4.8%), from €27,611 to €28,943
- Other operating charges +€985
up €985 (+70.8%), from €1,391 to €2,376
- Financial charges -€352
down €352 (-28.5%), from €1,232 to €881
- Taxes +€332
up €332 (+5.9%), from €5,635 to €5,966
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 | €44,860 | €77,869 | +€33,009 | +73.6% |
| Current assets | 29/58 | €44,860 | €77,869 | +€33,009 | +73.6% |
| Stocks and contracts in progress | 3 | €1,578 | €16,808 | +€15,229 | +964.8% |
| Stocks | 30/36 | €1,578 | €16,808 | +€15,229 | +964.8% |
| Amounts receivable within one year | 40/41 | €33,280 | €35,775 | +€2,495 | +7.5% |
| Trade receivables | 40 | €24,577 | €27,144 | +€2,567 | +10.4% |
| Other amounts receivable | 41 | €8,703 | €8,632 | -€72 | -0.8% |
| Cash at bank and in hand | 54/58 | €6,953 | €22,173 | +€15,219 | +218.9% |
| Deferred charges and accrued income | 490/1 | €3,048 | €3,114 | +€65 | +2.1% |
| Total equity and liabilities | 10/49 | €44,860 | €77,869 | +€33,009 | +73.6% |
| Equity | 10/15 | €22,857 | €42,582 | +€19,724 | +86.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,357 | €39,082 | +€19,724 | +101.9% |
| Amounts payable | 17/49 | €22,003 | €35,288 | +€13,285 | +60.4% |
| Amounts payable within one year | 42/48 | €22,003 | €35,288 | +€13,285 | +60.4% |
| Financial debts | 43 | €3,392 | - | -€3,392 | |
| Credit institutions | 430/8 | €3,392 | - | -€3,392 | |
| Trade debts | 44 | €10,802 | €22,278 | +€11,475 | +106.2% |
| Suppliers | 440/4 | €10,802 | €22,278 | +€11,475 | +106.2% |
| Taxes, remuneration and social security | 45 | €2,400 | €6,716 | +€4,316 | +179.8% |
| Taxes | 450/3 | €2,400 | €6,716 | +€4,316 | +179.8% |
| Other amounts payable | 47/48 | €5,409 | €6,294 | +€885 | +16.4% |
| Other operating charges | 640/8 | €1,391 | €2,376 | +€985 | +70.8% |
| Gross operating margin | 9900 | €27,611 | €28,943 | +€1,331 | +4.8% |
| Operating profit (loss) | 9901 | €26,220 | €26,566 | +€347 | +1.3% |
| Financial income | 75/76B | €4 | €5 | +€1 | +15.9% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +15.9% |
| Financial charges | 65/66B | €1,232 | €881 | -€352 | -28.5% |
| Recurring financial charges | 65 | €1,232 | €881 | -€352 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €24,992 | €25,691 | +€699 | +2.8% |
| Income taxes | 67/77 | €5,635 | €5,966 | +€332 | +5.9% |
| Profit (loss) for the period | 9904 | €19,357 | €19,724 | +€367 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,357 | €19,724 | +€367 | +1.9% |
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 11 October 2026 via checked.be.