GP3D: 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.
GP3D
Largest movements
- Cash -€257,270
down €257,270 (-64.6%), from €398,008 to €140,737
mainly Other debts (-€438,014) and Contributions, distributions and other (-€131,765)
- Receivables within one year -€75,045
down €75,045 (-59.1%), from €126,876 to €51,831
of which Trade receivables: -€67,804
- Receivables after one year -€44,213
down €44,213 (-6.7%), from €658,935 to €614,723
- Tangible fixed assets -€31,744
down €31,744 (-11.1%), from €285,864 to €254,121
of which Plant, machinery and equipment: -€18,280
- Other debts -€438,014
down €438,014 (-94.2%), from €464,825 to €26,811
- Reserves +€57,372
up €57,372 (+5.5%), from €1.0m to €1.1m
- Gross operating margin -€310,416
down €310,416 (-39.6%), from €782,979 to €472,563
- Taxes -€94,896
down €94,896 (-57.1%), from €166,319 to €71,424
- Staff costs -€31,415
down €31,415 (-14.2%), from €221,750 to €190,335
- Other operating charges -€30,761
down €30,761 (-86.2%), from €35,669 to €4,908
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 | €1,585,252 | €1,187,106 | -€398,146 | -25.1% |
| Fixed assets | 21/28 | €386,364 | €354,621 | -€31,744 | -8.2% |
| Tangible fixed assets | 22/27 | €285,864 | €254,121 | -€31,744 | -11.1% |
| Land and buildings | 22 | €248,385 | €235,385 | -€13,000 | -5.2% |
| Plant, machinery and equipment | 23 | €34,608 | €16,328 | -€18,280 | -52.8% |
| Furniture and vehicles | 24 | €2,871 | €2,408 | -€463 | -16.1% |
| Financial fixed assets | 28 | €100,500 | €100,500 | = | 0.0% |
| Current assets | 29/58 | €1,198,887 | €832,485 | -€366,402 | -30.6% |
| Amounts receivable after more than one year | 29 | €658,935 | €614,723 | -€44,213 | -6.7% |
| Other amounts receivable | 291 | €658,935 | €614,723 | -€44,213 | -6.7% |
| Amounts receivable within one year | 40/41 | €126,876 | €51,831 | -€75,045 | -59.1% |
| Trade receivables | 40 | €96,304 | €28,500 | -€67,804 | -70.4% |
| Other amounts receivable | 41 | €30,572 | €23,331 | -€7,241 | -23.7% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €398,008 | €140,737 | -€257,270 | -64.6% |
| Deferred charges and accrued income | 490/1 | €15,068 | €13,194 | -€1,874 | -12.4% |
| Total equity and liabilities | 10/49 | €1,585,252 | €1,187,106 | -€398,146 | -25.1% |
| Equity | 10/15 | €1,040,787 | €1,098,159 | +€57,372 | +5.5% |
| Reserves | 13 | €1,040,787 | €1,098,159 | +€57,372 | +5.5% |
| Distributable reserves | 133 | €1,040,787 | €1,098,159 | +€57,372 | +5.5% |
| Amounts payable | 17/49 | €544,464 | €88,946 | -€455,518 | -83.7% |
| Amounts payable within one year | 42/48 | €543,788 | €87,070 | -€456,717 | -84.0% |
| Trade debts | 44 | €13,035 | €509 | -€12,525 | -96.1% |
| Suppliers | 440/4 | €13,035 | €509 | -€12,525 | -96.1% |
| Taxes, remuneration and social security | 45 | €65,928 | €59,750 | -€6,178 | -9.4% |
| Taxes | 450/3 | €65,928 | €59,750 | -€6,178 | -9.4% |
| Other amounts payable | 47/48 | €464,825 | €26,811 | -€438,014 | -94.2% |
| Accrued charges and deferred income | 492/3 | €677 | €1,876 | +€1,199 | +177% |
| Remuneration, social security and pensions | 62 | €221,750 | €190,335 | -€31,415 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,081 | €36,114 | +€33 | +0.1% |
| Other operating charges | 640/8 | €35,669 | €4,908 | -€30,761 | -86.2% |
| Gross operating margin | 9900 | €782,979 | €472,563 | -€310,416 | -39.6% |
| Operating profit (loss) | 9901 | €489,479 | €241,205 | -€248,273 | -50.7% |
| Financial income | 75/76B | €20,369 | €24,232 | +€3,863 | +19.0% |
| Recurring financial income | 75 | €18,583 | €16,145 | -€2,437 | -13.1% |
| Non-recurring financial income | 76B | €1,786 | €8,087 | +€6,300 | +353% |
| Financial charges | 65/66B | €3,317 | €4,878 | +€1,561 | +47.1% |
| Recurring financial charges | 65 | €3,317 | €4,878 | +€1,561 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €506,531 | €260,560 | -€245,971 | -48.6% |
| Income taxes | 67/77 | €166,319 | €71,424 | -€94,896 | -57.1% |
| Profit (loss) for the period | 9904 | €340,212 | €189,137 | -€151,075 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €340,212 | €189,137 | -€151,075 | -44.4% |
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 20 October 2026 via checked.be.