GP-WORKS: 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-WORKS
Largest movements
- Receivables within one year -€69,494
down €69,494 (-88.4%), from €78,650 to €9,156
of which Trade receivables: -€78,650
- Cash +€51,229
up €51,229 (+50.8%), from €100,747 to €151,976
mainly Other debts (+€328,692) and Receivables within one year (+€69,494)
- Tangible fixed assets -€17,665
down €17,665 (-7.8%), from €225,488 to €207,823
- Reserves -€367,650
down €367,650 (-95.0%), from €386,943 to €19,293
- Other debts +€328,692
up €328,692 (+3,442%), from €9,549 to €338,242
- Trade debts +€12,228
up €12,228 (+286%), from €4,270 to €16,499
- Tax, wage and social debts -€7,314
down €7,314 (-25.1%), from €29,123 to €21,810
- Gross operating margin -€14,371
down €14,371 (-17.6%), from €81,849 to €67,478
- Taxes +€9,356
up €9,356 (+629%), from €1,488 to €10,844
- Depreciation +€1,302
up €1,302 (+3.8%), from €34,483 to €35,784
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 | €429,885 | €395,843 | -€34,043 | -7.9% |
| Fixed assets | 21/28 | €250,488 | €232,823 | -€17,665 | -7.1% |
| Tangible fixed assets | 22/27 | €225,488 | €207,823 | -€17,665 | -7.8% |
| Land and buildings | 22 | €151,336 | €142,671 | -€8,665 | -5.7% |
| Plant, machinery and equipment | 23 | €7,320 | €4,884 | -€2,436 | -33.3% |
| Furniture and vehicles | 24 | €66,832 | €60,268 | -€6,564 | -9.8% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €179,397 | €163,019 | -€16,378 | -9.1% |
| Amounts receivable within one year | 40/41 | €78,650 | €9,156 | -€69,494 | -88.4% |
| Trade receivables | 40 | €78,650 | - | -€78,650 | |
| Other amounts receivable | 41 | - | €9,156 | +€9,156 | |
| Cash at bank and in hand | 54/58 | €100,747 | €151,976 | +€51,229 | +50.8% |
| Deferred charges and accrued income | 490/1 | - | €1,887 | +€1,887 | |
| Total equity and liabilities | 10/49 | €429,885 | €395,843 | -€34,043 | -7.9% |
| Equity | 10/15 | €386,943 | €19,293 | -€367,650 | -95.0% |
| Reserves | 13 | €386,943 | €19,293 | -€367,650 | -95.0% |
| Distributable reserves | 133 | €386,943 | €19,293 | -€367,650 | -95.0% |
| Amounts payable | 17/49 | €42,942 | €376,550 | +€333,607 | +777% |
| Amounts payable within one year | 42/48 | €42,942 | €376,550 | +€333,607 | +777% |
| Trade debts | 44 | €4,270 | €16,499 | +€12,228 | +286% |
| Suppliers | 440/4 | €4,270 | €16,499 | +€12,228 | +286% |
| Taxes, remuneration and social security | 45 | €29,123 | €21,810 | -€7,314 | -25.1% |
| Taxes | 450/3 | €29,123 | €21,810 | -€7,314 | -25.1% |
| Other amounts payable | 47/48 | €9,549 | €338,242 | +€328,692 | +3,442% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,483 | €35,784 | +€1,302 | +3.8% |
| Other operating charges | 640/8 | €1,193 | €1,513 | +€321 | +26.9% |
| Gross operating margin | 9900 | €81,849 | €67,478 | -€14,371 | -17.6% |
| Operating profit (loss) | 9901 | €46,174 | €30,180 | -€15,994 | -34.6% |
| Financial charges | 65/66B | €569 | €43 | -€526 | -92.5% |
| Recurring financial charges | 65 | €569 | €43 | -€526 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | €45,605 | €30,137 | -€15,468 | -33.9% |
| Income taxes | 67/77 | €1,488 | €10,844 | +€9,356 | +629% |
| Profit (loss) for the period | 9904 | €44,117 | €19,293 | -€24,824 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,117 | €19,293 | -€24,824 | -56.3% |
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 24 October 2026 via checked.be.