GP-RH: 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-RH
Largest movements
- Cash +€8,824
up €8,824 (+44.1%), from €20,020 to €28,844
mainly Net result for the year (+€20,930) and Depreciation (+€4,698)
- Receivables within one year +€7,595
up €7,595 (+113.8%), from €6,672 to €14,267
of which Other amounts receivable: +€7,595
- Current investments +€7,000
up €7,000 (+15.4%), from €45,494 to €52,493
- Tangible fixed assets -€4,698
down €4,698 (-3.4%), from €139,965 to €135,267
of which Land and buildings: -€4,076
- Deferred charges and accrued income +€2,953
up €2,953 (+196.8%), from €1,500 to €4,453
- Profit (loss) carried forward +€20,930
up €20,930 (+37.1%), from €56,453 to €77,383
- Debts after one year -€6,046
down €6,046 (-4.9%), from €124,230 to €118,184
- Other debts +€4,300
up €4,300 (+36.8%), from €11,700 to €16,000
- Financial charges -€939
down €939 (-22.6%), from €4,154 to €3,214
- Other operating charges -€850
down €850 (-32.7%), from €2,603 to €1,753
- Taxes +€848
up €848 (+13.3%), from €6,386 to €7,234
- Depreciation -€681
down €681 (-12.7%), from €5,379 to €4,698
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 | €213,651 | €235,324 | +€21,674 | +10.1% |
| Fixed assets | 21/28 | €139,965 | €135,267 | -€4,698 | -3.4% |
| Tangible fixed assets | 22/27 | €139,965 | €135,267 | -€4,698 | -3.4% |
| Land and buildings | 22 | €138,422 | €134,346 | -€4,076 | -2.9% |
| Furniture and vehicles | 24 | €119 | €0 | -€119 | -100.0% |
| Other tangible fixed assets | 26 | €1,424 | €921 | -€503 | -35.3% |
| Current assets | 29/58 | €73,686 | €100,057 | +€26,371 | +35.8% |
| Amounts receivable within one year | 40/41 | €6,672 | €14,267 | +€7,595 | +113.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,672 | €14,267 | +€7,595 | +113.8% |
| Current investments | 50/53 | €45,494 | €52,493 | +€7,000 | +15.4% |
| Cash at bank and in hand | 54/58 | €20,020 | €28,844 | +€8,824 | +44.1% |
| Deferred charges and accrued income | 490/1 | €1,500 | €4,453 | +€2,953 | +196.8% |
| Total equity and liabilities | 10/49 | €213,651 | €235,324 | +€21,674 | +10.1% |
| Equity | 10/15 | €61,453 | €82,383 | +€20,930 | +34.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,453 | €77,383 | +€20,930 | +37.1% |
| Amounts payable | 17/49 | €152,198 | €152,941 | +€744 | +0.5% |
| Amounts payable after more than one year | 17 | €124,230 | €118,184 | -€6,046 | -4.9% |
| Financial debts | 170/4 | €124,230 | €118,184 | -€6,046 | -4.9% |
| Amounts payable within one year | 42/48 | €27,968 | €34,758 | +€6,790 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €5,905 | €6,046 | +€141 | +2.4% |
| Trade debts | 44 | €1,634 | €3,219 | +€1,586 | +97.1% |
| Suppliers | 440/4 | €1,634 | €3,219 | +€1,586 | +97.1% |
| Taxes, remuneration and social security | 45 | €8,728 | €9,492 | +€764 | +8.7% |
| Taxes | 450/3 | €8,728 | €9,492 | +€764 | +8.7% |
| Other amounts payable | 47/48 | €11,700 | €16,000 | +€4,300 | +36.8% |
| Non-recurring operating income | 76A | - | €8,374 | +€8,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,379 | €4,698 | -€681 | -12.7% |
| Other operating charges | 640/8 | €2,603 | €1,753 | -€850 | -32.7% |
| Gross operating margin | 9900 | €37,588 | €37,240 | -€349 | -0.9% |
| Operating profit (loss) | 9901 | €29,606 | €30,789 | +€1,183 | +4.0% |
| Financial income | 75/76B | €269 | €589 | +€320 | +119.4% |
| Recurring financial income | 75 | €269 | €589 | +€320 | +119.4% |
| Financial charges | 65/66B | €4,154 | €3,214 | -€939 | -22.6% |
| Recurring financial charges | 65 | €4,154 | €3,214 | -€939 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €25,721 | €28,163 | +€2,442 | +9.5% |
| Income taxes | 67/77 | €6,386 | €7,234 | +€848 | +13.3% |
| Profit (loss) for the period | 9904 | €19,335 | €20,930 | +€1,595 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,335 | €20,930 | +€1,595 | +8.2% |
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 8 October 2026 via checked.be.