GP REAL ESTATE SERVICES: what changed
What changed
GP REAL ESTATE SERVICES
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€351,816
2024 · €40,728-€392,544
Equity
-€208,319
2024 · €143,497-€351,816
Cash
€150,866
2024 · €141,733+€9,133
Balance sheet total
€1.1m
2024 · €3.6m-€2.5m
Largest movements
Assets
- Stocks and contracts -€1.7m
down €1.7m (-98.9%), from €1.7m to €19,207
- Receivables within one year -€817,999
down €817,999 (-46.6%), from €1.8m to €936,439
of which Trade receivables: -€537,389
Equity and liabilities
- Short-term financial debts -€989,826
down €989,826 (-100%), from €989,826 to €0
- Trade debts -€798,912
down €798,912 (-65.8%), from €1.2m to €414,428
- Debts after one year -€778,333
down €778,333 (-84.3%), from €923,333 to €145,000
- Other debts +€368,188
up €368,188 (+131%), from €281,972 to €650,161
- Profit (loss) carried forward -€228,319
new in 2025: -€228,319
Income statement
- Gross operating margin -€372,939
down €372,939, from €63,448 to -€309,491
- Financial charges +€19,684
up €19,684 (+90.8%), from €21,674 to €41,358
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,728
Gross operating margin
-€372,939
Other operating charges
-€38
Other operating items
+€569
Financial income
-€452
Financial charges
-€19,684
Result 2025
-€351,816
lowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.8m
Investment
€0
Financing
-€1.8m
Cash 2024
€141,733
From operations (derived)
+€1.8m
Net result for the year
-€351,816
Stocks and contracts
+€1.7m
Receivables within one year
+€817,999
Deferred charges and accrued income
+€57
Trade debts
-€798,912
Tax, wage and social debts
+€93,502
Other debts
+€368,188
Accrued charges and deferred income
-€62,410
Financing
-€1.8m
Debts after one year
-€778,333
Short-term financial debts
-€989,826
Cash 2025
€150,866
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,630,119 | €1,110,512 | -€2.5m | -69.4% |
| Fixed assets | 21/28 | €4,000 | €4,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,000 | €4,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €3,626,119 | €1,106,512 | -€2.5m | -69.5% |
| Stocks and contracts in progress | 3 | €1,729,892 | €19,207 | -€1.7m | -98.9% |
| Stocks | 30/36 | €1,729,892 | €19,207 | -€1.7m | -98.9% |
| Amounts receivable within one year | 40/41 | €1,754,438 | €936,439 | -€817,999 | -46.6% |
| Trade receivables | 40 | €1,473,806 | €936,417 | -€537,389 | -36.5% |
| Other amounts receivable | 41 | €280,632 | €22 | -€280,610 | -100.0% |
| Cash at bank and in hand | 54/58 | €141,733 | €150,866 | +€9,133 | +6.4% |
| Deferred charges and accrued income | 490/1 | €57 | €0 | -€57 | -100% |
| Total equity and liabilities | 10/49 | €3,630,119 | €1,110,512 | -€2.5m | -69.4% |
| Equity | 10/15 | €143,497 | -€208,319 | -€351,816 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €123,497 | €0 | -€123,497 | -100% |
| Distributable reserves | 133 | €123,497 | €0 | -€123,497 | -100% |
| Profit (loss) carried forward | 14 | - | -€228,319 | -€228,319 | |
| Amounts payable | 17/49 | €3,486,622 | €1,318,831 | -€2.2m | -62.2% |
| Amounts payable after more than one year | 17 | €923,333 | €145,000 | -€778,333 | -84.3% |
| Financial debts | 170/4 | €923,333 | €145,000 | -€778,333 | -84.3% |
| Amounts payable within one year | 42/48 | €2,500,879 | €1,173,831 | -€1.3m | -53.1% |
| Financial debts | 43 | €989,826 | €0 | -€989,826 | -100% |
| Credit institutions | 430/8 | €989,826 | €0 | -€989,826 | -100% |
| Trade debts | 44 | €1,213,340 | €414,428 | -€798,912 | -65.8% |
| Suppliers | 440/4 | €1,213,340 | €414,428 | -€798,912 | -65.8% |
| Taxes, remuneration and social security | 45 | €15,740 | €109,242 | +€93,502 | +594% |
| Taxes | 450/3 | €15,740 | €109,242 | +€93,502 | +594% |
| Other amounts payable | 47/48 | €281,972 | €650,161 | +€368,188 | +131% |
| Accrued charges and deferred income | 492/3 | €62,410 | €0 | -€62,410 | -100% |
| Non-recurring operating income | 76A | €49,737 | €9,057 | -€40,680 | -81.8% |
| Other operating charges | 640/8 | €960 | €998 | +€38 | +4.0% |
| Non-recurring operating charges | 66A | €572 | €3 | -€569 | -99.6% |
| Gross operating margin | 9900 | €63,448 | -€309,491 | -€372,939 | |
| Operating profit (loss) | 9901 | €61,916 | -€310,492 | -€372,408 | |
| Financial income | 75/76B | €485 | €34 | -€452 | -93.1% |
| Recurring financial income | 75 | €485 | €34 | -€452 | -93.1% |
| Financial charges | 65/66B | €21,674 | €41,358 | +€19,684 | +90.8% |
| Recurring financial charges | 65 | €21,674 | €41,358 | +€19,684 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €40,728 | -€351,816 | -€392,544 | |
| Profit (loss) for the period | 9904 | €40,728 | -€351,816 | -€392,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,728 | -€351,816 | -€392,544 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.