GP Sanitaire: 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.
What changed
GP Sanitaire
NACE 43.221, Plumbing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,226
2024 · €29,151+€7,075
Equity
€272,927
2024 · €249,700+€23,226
Cash
€206,260
2024 · €208,699-€2,439
Balance sheet total
€363,202
2024 · €374,269-€11,067
Largest movements
Assets
- Tangible fixed assets -€11,364
down €11,364 (-7.8%), from €145,289 to €133,925
of which Furniture and vehicles: -€7,714
Equity and liabilities
- Profit (loss) carried forward +€23,226
up €23,226 (+9.6%), from €241,640 to €264,867
- Accrued charges and deferred income -€17,300
no longer reported in 2025 (was €17,300)
- Debts after one year -€15,919
down €15,919 (-20.0%), from €79,764 to €63,845
Income statement
- Gross operating margin +€8,816
up €8,816 (+12.6%), from €70,041 to €78,857
- Taxes +€1,872
up €1,872 (+24.6%), from €7,614 to €9,486
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.
Result 2024
€29,151
Gross operating margin
+€8,816
Staff costs
-€206
Depreciation
+€306
Other operating charges
-€8
Financial income
-€227
Financial charges
+€265
Taxes
-€1,872
Result 2025
€36,226
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.
From operations
+€28,531
Investment
-€2,052
Financing
-€28,919
Cash 2024
€208,699
From operations (derived)
+€28,531
Net result for the year
+€36,226
Depreciation
+€13,416
Receivables within one year
-€2,246
Deferred charges and accrued income
-€491
Trade debts
-€2,843
Tax, wage and social debts
+€681
Advances received
+€1,110
Other debts
-€23
Accrued charges and deferred income
-€17,300
Investment (derived)
-€2,052
Investment in fixed assets (net)
-€2,052
Financing
-€28,919
Debts after one year
-€15,919
Contributions, distributions and other
-€13,000
Cash 2025
€206,260
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,269 | €363,202 | -€11,067 | -3.0% |
| Fixed assets | 21/28 | €145,420 | €134,055 | -€11,364 | -7.8% |
| Tangible fixed assets | 22/27 | €145,289 | €133,925 | -€11,364 | -7.8% |
| Land and buildings | 22 | €88,803 | €86,603 | -€2,200 | -2.5% |
| Plant, machinery and equipment | 23 | €11,692 | €10,241 | -€1,450 | -12.4% |
| Furniture and vehicles | 24 | €44,795 | €37,081 | -€7,714 | -17.2% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €228,850 | €229,147 | +€297 | +0.1% |
| Stocks and contracts in progress | 3 | €2,850 | €2,850 | = | 0.0% |
| Stocks | 30/36 | €2,850 | €2,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,815 | €17,061 | +€2,246 | +15.2% |
| Trade receivables | 40 | €9,333 | €7,678 | -€1,655 | -17.7% |
| Other amounts receivable | 41 | €5,483 | €9,383 | +€3,901 | +71.1% |
| Cash at bank and in hand | 54/58 | €208,699 | €206,260 | -€2,439 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,485 | €2,976 | +€491 | +19.7% |
| Total equity and liabilities | 10/49 | €374,269 | €363,202 | -€11,067 | -3.0% |
| Equity | 10/15 | €249,700 | €272,927 | +€23,226 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,640 | €264,867 | +€23,226 | +9.6% |
| Amounts payable | 17/49 | €124,569 | €90,276 | -€34,293 | -27.5% |
| Amounts payable after more than one year | 17 | €79,764 | €63,845 | -€15,919 | -20.0% |
| Financial debts | 170/4 | €79,764 | €63,845 | -€15,919 | -20.0% |
| Amounts payable within one year | 42/48 | €27,505 | €26,430 | -€1,075 | -3.9% |
| Trade debts | 44 | €6,036 | €3,194 | -€2,843 | -47.1% |
| Suppliers | 440/4 | €6,036 | €3,194 | -€2,843 | -47.1% |
| Advances received on contracts in progress | 46 | - | €1,110 | +€1,110 | |
| Taxes, remuneration and social security | 45 | €11,815 | €12,496 | +€681 | +5.8% |
| Taxes | 450/3 | €9,148 | €7,900 | -€1,248 | -13.6% |
| Remuneration and social security | 454/9 | €2,667 | €4,596 | +€1,929 | +72.3% |
| Other amounts payable | 47/48 | €9,654 | €9,631 | -€23 | -0.2% |
| Accrued charges and deferred income | 492/3 | €17,300 | - | -€17,300 | |
| Remuneration, social security and pensions | 62 | €19,713 | €19,919 | +€206 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,722 | €13,416 | -€306 | -2.2% |
| Other operating charges | 640/8 | €856 | €864 | +€8 | +0.9% |
| Gross operating margin | 9900 | €70,041 | €78,857 | +€8,816 | +12.6% |
| Operating profit (loss) | 9901 | €35,750 | €44,659 | +€8,909 | +24.9% |
| Financial income | 75/76B | €1,989 | €1,763 | -€227 | -11.4% |
| Recurring financial income | 75 | €1,989 | €1,763 | -€227 | -11.4% |
| Financial charges | 65/66B | €974 | €709 | -€265 | -27.2% |
| Recurring financial charges | 65 | €974 | €709 | -€265 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €36,765 | €45,712 | +€8,947 | +24.3% |
| Income taxes | 67/77 | €7,614 | €9,486 | +€1,872 | +24.6% |
| Profit (loss) for the period | 9904 | €29,151 | €36,226 | +€7,075 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,151 | €36,226 | +€7,075 | +24.3% |
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.