GP-TRANS-WH: 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-TRANS-WH
Largest movements
- Tangible fixed assets -€28,532
down €28,532 (-36.4%), from €78,472 to €49,940
of which Leasing and similar rights: -€28,776
- Cash +€8,004
up €8,004 (+25.7%), from €31,131 to €39,134
mainly Depreciation (+€31,596) and Other debts (+€8,948)
- Receivables within one year -€4,258
down €4,258 (-40.4%), from €10,533 to €6,275
of which Trade receivables: -€6,837
- Debts after one year -€23,161
down €23,161 (-52.1%), from €44,450 to €21,289
- Other debts +€8,948
up €8,948 (+103%), from €8,681 to €17,629
- Current portion of long-term debt -€5,998
down €5,998 (-20.6%), from €29,158 to €23,161
- Profit (loss) carried forward -€3,352
down €3,352 (-43.4%), from -€7,716 to -€11,067
- Tax, wage and social debts -€1,994
no longer reported in 2025 (was €1,994)
- Gross operating margin -€3,939
down €3,939 (-10.7%), from €36,913 to €32,975
- Financial charges -€1,248
down €1,248 (-23.2%), from €5,367 to €4,120
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.
Derived cash bridge
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 | €120,628 | €95,842 | -€24,786 | -20.5% |
| Fixed assets | 21/28 | €78,472 | €49,940 | -€28,532 | -36.4% |
| Tangible fixed assets | 22/27 | €78,472 | €49,940 | -€28,532 | -36.4% |
| Plant, machinery and equipment | 23 | €3,055 | €2,103 | -€952 | -31.2% |
| Furniture and vehicles | 24 | €4,565 | €5,761 | +€1,196 | +26.2% |
| Leasing and similar rights | 25 | €70,852 | €42,076 | -€28,776 | -40.6% |
| Current assets | 29/58 | €42,156 | €45,901 | +€3,746 | +8.9% |
| Amounts receivable within one year | 40/41 | €10,533 | €6,275 | -€4,258 | -40.4% |
| Trade receivables | 40 | €6,837 | - | -€6,837 | |
| Other amounts receivable | 41 | €3,696 | €6,275 | +€2,579 | +69.8% |
| Cash at bank and in hand | 54/58 | €31,131 | €39,134 | +€8,004 | +25.7% |
| Deferred charges and accrued income | 490/1 | €492 | €492 | = | 0.0% |
| Total equity and liabilities | 10/49 | €120,628 | €95,842 | -€24,786 | -20.5% |
| Equity | 10/15 | €29,660 | €26,308 | -€3,352 | -11.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €24,976 | €24,976 | = | 0.0% |
| Distributable reserves | 133 | €24,976 | €24,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,716 | -€11,067 | -€3,352 | -43.4% |
| Amounts payable | 17/49 | €90,968 | €69,533 | -€21,434 | -23.6% |
| Amounts payable after more than one year | 17 | €44,450 | €21,289 | -€23,161 | -52.1% |
| Financial debts | 170/4 | €44,450 | €21,289 | -€23,161 | -52.1% |
| Amounts payable within one year | 42/48 | €46,518 | €48,244 | +€1,726 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €29,158 | €23,161 | -€5,998 | -20.6% |
| Trade debts | 44 | €6,685 | €7,454 | +€769 | +11.5% |
| Suppliers | 440/4 | €6,685 | €7,454 | +€769 | +11.5% |
| Taxes, remuneration and social security | 45 | €1,994 | - | -€1,994 | |
| Taxes | 450/3 | €1,994 | - | -€1,994 | |
| Other amounts payable | 47/48 | €8,681 | €17,629 | +€8,948 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,247 | €31,596 | +€349 | +1.1% |
| Other operating charges | 640/8 | €118 | €292 | +€174 | +147% |
| Gross operating margin | 9900 | €36,913 | €32,975 | -€3,939 | -10.7% |
| Operating profit (loss) | 9901 | €5,549 | €1,087 | -€4,461 | -80.4% |
| Financial charges | 65/66B | €5,367 | €4,120 | -€1,248 | -23.2% |
| Recurring financial charges | 65 | €5,367 | €4,120 | -€1,248 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €181 | -€3,032 | -€3,214 | |
| Income taxes | 67/77 | €304 | €319 | +€16 | +5.1% |
| Profit (loss) for the period | 9904 | -€122 | -€3,352 | -€3,229 | -2,642% |
| Profit (loss) for the period to be appropriated | 9905 | -€122 | -€3,352 | -€3,229 | -2,642% |
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 30 October 2026 via checked.be.