GP2: 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.
GP2
Largest movements
- Receivables within one year -€3,471
down €3,471 (-6.8%), from €51,362 to €47,890
of which Trade receivables: -€2,563
- Tangible fixed assets -€2,381
down €2,381 (-13.8%), from €17,217 to €14,836
of which Other tangible fixed assets: -€2,176
- Cash -€738
no longer reported in 2025 (was €738)
mainly Debts after one year (-€6,698) and Trade debts (-€6,395)
- Debts after one year -€6,698
down €6,698 (-31.1%), from €21,565 to €14,867
- Trade debts -€6,395
no longer reported in 2025 (was €6,395)
- Other debts +€5,436
up €5,436 (+29.5%), from €18,410 to €23,846
- Gross operating margin +€1,549
up €1,549 (+51.1%), from €3,034 to €4,584
- Financial charges -€242
down €242 (-19.0%), from €1,271 to €1,029
- Other operating charges -€110
down €110 (-13.8%), from €798 to €687
- Financial income -€90
no longer reported in 2025 (was €90)
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 | €70,057 | €63,507 | -€6,550 | -9.3% |
| Fixed assets | 21/28 | €17,217 | €14,836 | -€2,381 | -13.8% |
| Tangible fixed assets | 22/27 | €17,217 | €14,836 | -€2,381 | -13.8% |
| Furniture and vehicles | 24 | €601 | €397 | -€204 | -34.0% |
| Other tangible fixed assets | 26 | €16,616 | €14,440 | -€2,176 | -13.1% |
| Current assets | 29/58 | €52,840 | €48,671 | -€4,169 | -7.9% |
| Amounts receivable within one year | 40/41 | €51,362 | €47,890 | -€3,471 | -6.8% |
| Trade receivables | 40 | €21,278 | €18,715 | -€2,563 | -12.0% |
| Other amounts receivable | 41 | €30,084 | €29,175 | -€908 | -3.0% |
| Cash at bank and in hand | 54/58 | €738 | - | -€738 | |
| Deferred charges and accrued income | 490/1 | €740 | €780 | +€40 | +5.4% |
| Total equity and liabilities | 10/49 | €70,057 | €63,507 | -€6,550 | -9.3% |
| Equity | 10/15 | €16,090 | €16,576 | +€487 | +3.0% |
| Reserves | 13 | €17,398 | €17,398 | = | 0.0% |
| Distributable reserves | 133 | €17,398 | €17,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,308 | -€822 | +€487 | +37.2% |
| Amounts payable | 17/49 | €53,967 | €46,931 | -€7,037 | -13.0% |
| Amounts payable after more than one year | 17 | €21,565 | €14,867 | -€6,698 | -31.1% |
| Financial debts | 170/4 | €21,565 | €14,867 | -€6,698 | -31.1% |
| Amounts payable within one year | 42/48 | €31,402 | €31,064 | -€338 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €6,597 | €6,698 | +€101 | +1.5% |
| Financial debts | 43 | - | €518 | +€518 | |
| Credit institutions | 430/8 | - | €518 | +€518 | |
| Trade debts | 44 | €6,395 | - | -€6,395 | |
| Suppliers | 440/4 | €6,395 | - | -€6,395 | |
| Taxes, remuneration and social security | 45 | - | €2 | +€2 | |
| Taxes | 450/3 | - | €2 | +€2 | |
| Other amounts payable | 47/48 | €18,410 | €23,846 | +€5,436 | +29.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €2,340 | - | -€2,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,381 | €2,381 | = | 0.0% |
| Other operating charges | 640/8 | €798 | €687 | -€110 | -13.8% |
| Gross operating margin | 9900 | €3,034 | €4,584 | +€1,549 | +51.1% |
| Operating profit (loss) | 9901 | -€144 | €1,516 | +€1,660 | |
| Financial income | 75/76B | €90 | - | -€90 | |
| Recurring financial income | 75 | €90 | - | -€90 | |
| Financial charges | 65/66B | €1,271 | €1,029 | -€242 | -19.0% |
| Recurring financial charges | 65 | €1,271 | €1,029 | -€242 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,325 | €487 | +€1,812 | |
| Income taxes | 67/77 | -€17 | - | +€17 | |
| Profit (loss) for the period | 9904 | -€1,308 | €487 | +€1,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,308 | €487 | +€1,795 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.