GP-TECH: 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-TECH
Largest movements
- Cash +€72,894
up €72,894 (+647.8%), from €11,252 to €84,146
mainly Net result for the year (+€75,172) and Depreciation (+€24,315)
- Tangible fixed assets +€38,315
up €38,315 (+11.3%), from €338,702 to €377,017
of which Furniture and vehicles: +€43,189
- Reserves +€75,172
up €75,172 (+71.0%), from €105,900 to €181,072
- Tax, wage and social debts +€17,110
up €17,110 (+152.9%), from €11,193 to €28,303
of which Taxes: +€14,053
- Debts after one year +€14,531
up €14,531 (+6.7%), from €217,646 to €232,177
- Current portion of long-term debt +€9,114
up €9,114 (+38.0%), from €23,954 to €33,068
- Gross operating margin +€33,839
up €33,839 (+34.7%), from €97,510 to €131,349
- Taxes +€7,982
up €7,982 (+70.0%), from €11,398 to €19,381
- Depreciation -€5,550
down €5,550 (-18.6%), from €29,865 to €24,315
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 | €368,403 | €483,350 | +€114,947 | +31.2% |
| Fixed assets | 21/28 | €338,702 | €377,017 | +€38,315 | +11.3% |
| Tangible fixed assets | 22/27 | €338,702 | €377,017 | +€38,315 | +11.3% |
| Land and buildings | 22 | €338,294 | €333,828 | -€4,466 | -1.3% |
| Plant, machinery and equipment | 23 | €408 | €0 | -€408 | -100.0% |
| Furniture and vehicles | 24 | €0 | €43,189 | +€43,189 | |
| Current assets | 29/58 | €29,701 | €106,333 | +€76,632 | +258.0% |
| Amounts receivable within one year | 40/41 | €17,903 | €20,693 | +€2,790 | +15.6% |
| Trade receivables | 40 | €14,295 | €20,611 | +€6,315 | +44.2% |
| Other amounts receivable | 41 | €3,608 | €83 | -€3,525 | -97.7% |
| Cash at bank and in hand | 54/58 | €11,252 | €84,146 | +€72,894 | +647.8% |
| Deferred charges and accrued income | 490/1 | €546 | €1,493 | +€948 | +173.7% |
| Total equity and liabilities | 10/49 | €368,403 | €483,350 | +€114,947 | +31.2% |
| Equity | 10/15 | €110,967 | €186,139 | +€75,172 | +67.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €105,900 | €181,072 | +€75,172 | +71.0% |
| Distributable reserves | 133 | €105,900 | €181,072 | +€75,172 | +71.0% |
| Profit (loss) carried forward | 14 | €67 | €67 | = | 0.0% |
| Amounts payable | 17/49 | €257,436 | €297,211 | +€39,775 | +15.5% |
| Amounts payable after more than one year | 17 | €217,646 | €232,177 | +€14,531 | +6.7% |
| Financial debts | 170/4 | €217,646 | €232,177 | +€14,531 | +6.7% |
| Amounts payable within one year | 42/48 | €39,790 | €64,834 | +€25,044 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €23,954 | €33,068 | +€9,114 | +38.0% |
| Trade debts | 44 | €1,655 | €271 | -€1,384 | -83.6% |
| Suppliers | 440/4 | €1,655 | €271 | -€1,384 | -83.6% |
| Taxes, remuneration and social security | 45 | €11,193 | €28,303 | +€17,110 | +152.9% |
| Taxes | 450/3 | €11,193 | €25,246 | +€14,053 | +125.5% |
| Remuneration and social security | 454/9 | - | €3,058 | +€3,058 | |
| Other amounts payable | 47/48 | €2,988 | €3,191 | +€204 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Non-recurring operating income | 76A | - | €7,805 | +€7,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,865 | €24,315 | -€5,550 | -18.6% |
| Other operating charges | 640/8 | €1,275 | €2,338 | +€1,063 | +83.4% |
| Gross operating margin | 9900 | €97,510 | €131,349 | +€33,839 | +34.7% |
| Operating profit (loss) | 9901 | €66,370 | €104,696 | +€38,326 | +57.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €10,518 | €10,144 | -€374 | -3.6% |
| Recurring financial charges | 65 | €10,518 | €10,144 | -€374 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €55,854 | €94,553 | +€38,698 | +69.3% |
| Income taxes | 67/77 | €11,398 | €19,381 | +€7,982 | +70.0% |
| Profit (loss) for the period | 9904 | €44,456 | €75,172 | +€30,716 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,456 | €75,172 | +€30,716 | +69.1% |
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.