GP_X: 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_X
Largest movements
- Cash +€61,609
up €61,609 (+169.6%), from €36,319 to €97,929
mainly Current investments (+€50,000) and Net result for the year (+€17,489)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets -€11,149
down €11,149 (-25.9%), from €43,113 to €31,964
of which Leasing and similar rights: -€8,937
- Reserves +€17,489
up €17,489 (+25.5%), from €68,488 to €85,977
- Debts after one year -€7,599
down €7,599 (-40.8%), from €18,620 to €11,021
- Other debts -€6,699
down €6,699 (-35.6%), from €18,841 to €12,141
- Tax, wage and social debts -€4,523
down €4,523 (-15.7%), from €28,794 to €24,271
- Gross operating margin -€6,585
down €6,585 (-15.1%), from €43,600 to €37,015
- Taxes -€1,372
down €1,372 (-19.8%), from €6,924 to €5,551
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 | €147,384 | €146,340 | -€1,045 | -0.7% |
| Fixed assets | 21/28 | €43,113 | €31,964 | -€11,149 | -25.9% |
| Tangible fixed assets | 22/27 | €43,113 | €31,964 | -€11,149 | -25.9% |
| Land and buildings | 22 | €14,053 | €12,424 | -€1,629 | -11.6% |
| Furniture and vehicles | 24 | €583 | €0 | -€583 | -100.0% |
| Leasing and similar rights | 25 | €28,477 | €19,540 | -€8,937 | -31.4% |
| Current assets | 29/58 | €104,271 | €114,376 | +€10,105 | +9.7% |
| Amounts receivable within one year | 40/41 | €17,033 | €15,736 | -€1,296 | -7.6% |
| Trade receivables | 40 | €17,033 | €15,730 | -€1,303 | -7.6% |
| Other amounts receivable | 41 | €0 | €6 | +€6 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,319 | €97,929 | +€61,609 | +169.6% |
| Deferred charges and accrued income | 490/1 | €919 | €711 | -€208 | -22.6% |
| Total equity and liabilities | 10/49 | €147,384 | €146,340 | -€1,045 | -0.7% |
| Equity | 10/15 | €73,488 | €90,977 | +€17,489 | +23.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,488 | €85,977 | +€17,489 | +25.5% |
| Distributable reserves | 133 | €68,488 | €85,977 | +€17,489 | +25.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,896 | €55,363 | -€18,534 | -25.1% |
| Amounts payable after more than one year | 17 | €18,620 | €11,021 | -€7,599 | -40.8% |
| Financial debts | 170/4 | €18,620 | €11,021 | -€7,599 | -40.8% |
| Amounts payable within one year | 42/48 | €55,276 | €44,341 | -€10,935 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €7,319 | €7,599 | +€280 | +3.8% |
| Trade debts | 44 | €322 | €330 | +€8 | +2.4% |
| Suppliers | 440/4 | €322 | €330 | +€8 | +2.4% |
| Taxes, remuneration and social security | 45 | €28,794 | €24,271 | -€4,523 | -15.7% |
| Taxes | 450/3 | €28,794 | €24,271 | -€4,523 | -15.7% |
| Other amounts payable | 47/48 | €18,841 | €12,141 | -€6,699 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,886 | €11,149 | +€264 | +2.4% |
| Other operating charges | 640/8 | €954 | €1,021 | +€68 | +7.1% |
| Gross operating margin | 9900 | €43,600 | €37,015 | -€6,585 | -15.1% |
| Operating profit (loss) | 9901 | €31,761 | €24,844 | -€6,917 | -21.8% |
| Financial income | 75/76B | €99 | €223 | +€124 | +125.8% |
| Recurring financial income | 75 | €99 | €223 | +€124 | +125.8% |
| Financial charges | 65/66B | €1,679 | €2,027 | +€348 | +20.7% |
| Recurring financial charges | 65 | €1,679 | €2,027 | +€348 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €30,181 | €23,040 | -€7,140 | -23.7% |
| Income taxes | 67/77 | €6,924 | €5,551 | -€1,372 | -19.8% |
| Profit (loss) for the period | 9904 | €23,257 | €17,489 | -€5,768 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,257 | €17,489 | -€5,768 | -24.8% |
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.