GP TERMINUS: 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 TERMINUS
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€31,845
down €31,845 (-75.4%), from €42,247 to €10,402
mainly Contributions, distributions and other (-€57,349) and Current investments (-€50,000)
- Receivables within one year -€3,849
down €3,849 (-93.2%), from €4,132 to €283
- Other debts +€57,349
new in 2025: €57,349
- Profit (loss) carried forward -€38,650
no longer reported in 2025 (was €38,650)
- Tax, wage and social debts -€4,267
down €4,267 (-64.6%), from €6,603 to €2,336
- Gross operating margin -€2,000
down €2,000 (-7.9%), from €25,305 to €23,305
- Taxes -€624
down €624 (-12.1%), from €5,171 to €4,547
- Financial income +€600
new in 2025: €600
- Other operating charges +€402
up €402 (+318.8%), from €126 to €528
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 | €46,379 | €60,684 | +€14,305 | +30.8% |
| Current assets | 29/58 | €46,379 | €60,684 | +€14,305 | +30.8% |
| Amounts receivable within one year | 40/41 | €4,132 | €283 | -€3,849 | -93.2% |
| Trade receivables | 40 | €4,132 | €283 | -€3,849 | -93.2% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €42,247 | €10,402 | -€31,845 | -75.4% |
| Total equity and liabilities | 10/49 | €46,379 | €60,684 | +€14,305 | +30.8% |
| Equity | 10/15 | €39,650 | €1,000 | -€38,650 | -97.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,650 | - | -€38,650 | |
| Amounts payable | 17/49 | €6,729 | €59,684 | +€52,955 | +787.0% |
| Amounts payable within one year | 42/48 | €6,729 | €59,684 | +€52,955 | +787.0% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €6,603 | €2,336 | -€4,267 | -64.6% |
| Taxes | 450/3 | €6,603 | €2,336 | -€4,267 | -64.6% |
| Other amounts payable | 47/48 | - | €57,349 | +€57,349 | |
| Other operating charges | 640/8 | €126 | €528 | +€402 | +318.8% |
| Gross operating margin | 9900 | €25,305 | €23,305 | -€2,000 | -7.9% |
| Operating profit (loss) | 9901 | €25,179 | €22,777 | -€2,402 | -9.5% |
| Financial income | 75/76B | - | €600 | +€600 | |
| Recurring financial income | 75 | - | €600 | +€600 | |
| Financial charges | 65/66B | €117 | €131 | +€14 | +12.1% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €25,062 | €23,246 | -€1,816 | -7.2% |
| Income taxes | 67/77 | €5,171 | €4,547 | -€624 | -12.1% |
| Profit (loss) for the period | 9904 | €19,890 | €18,699 | -€1,192 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,890 | €18,699 | -€1,192 | -6.0% |
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 5 October 2026 via checked.be.