GPB: 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.
GPB
Largest movements
- Cash +€25,269
up €25,269 (+138.9%), from €18,191 to €43,460
mainly Depreciation (+€12,344) and Receivables within one year (+€11,647)
- Receivables within one year -€11,647
down €11,647 (-23.6%), from €49,424 to €37,777
of which Trade receivables: -€14,401
- Tangible fixed assets -€10,844
down €10,844 (-19.8%), from €54,729 to €43,885
of which Furniture and vehicles: -€9,140
- Deferred charges and accrued income -€3,411
down €3,411 (-21.3%), from €16,000 to €12,589
- Intangible fixed assets -€1,500
down €1,500 (-52.2%), from €2,875 to €1,375
- Debts after one year -€4,126
down €4,126 (-51.5%), from €8,017 to €3,891
- Reserves +€3,208
up €3,208 (+2.6%), from €122,913 to €126,120
- Gross operating margin -€4,036
down €4,036 (-16.6%), from €24,305 to €20,269
- Taxes +€3,457
up €3,457, from -€667 to €2,790
- Depreciation -€325
down €325 (-2.6%), from €12,669 to €12,344
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 | €141,218 | €139,085 | -€2,133 | -1.5% |
| Fixed assets | 21/28 | €57,604 | €45,260 | -€12,344 | -21.4% |
| Intangible fixed assets | 21 | €2,875 | €1,375 | -€1,500 | -52.2% |
| Tangible fixed assets | 22/27 | €54,729 | €43,885 | -€10,844 | -19.8% |
| Land and buildings | 22 | €12,382 | €10,882 | -€1,500 | -12.1% |
| Furniture and vehicles | 24 | €42,142 | €33,002 | -€9,140 | -21.7% |
| Other tangible fixed assets | 26 | €204 | €0 | -€204 | -100.0% |
| Current assets | 29/58 | €83,615 | €93,826 | +€10,211 | +12.2% |
| Amounts receivable within one year | 40/41 | €49,424 | €37,777 | -€11,647 | -23.6% |
| Trade receivables | 40 | €19,064 | €4,664 | -€14,401 | -75.5% |
| Other amounts receivable | 41 | €30,360 | €33,113 | +€2,754 | +9.1% |
| Cash at bank and in hand | 54/58 | €18,191 | €43,460 | +€25,269 | +138.9% |
| Deferred charges and accrued income | 490/1 | €16,000 | €12,589 | -€3,411 | -21.3% |
| Total equity and liabilities | 10/49 | €141,218 | €139,085 | -€2,133 | -1.5% |
| Equity | 10/15 | €123,313 | €126,520 | +€3,208 | +2.6% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €122,913 | €126,120 | +€3,208 | +2.6% |
| Distributable reserves | 133 | €122,913 | €126,120 | +€3,208 | +2.6% |
| Amounts payable | 17/49 | €17,906 | €12,565 | -€5,341 | -29.8% |
| Amounts payable after more than one year | 17 | €8,017 | €3,891 | -€4,126 | -51.5% |
| Financial debts | 170/4 | €8,017 | €3,891 | -€4,126 | -51.5% |
| Amounts payable within one year | 42/48 | €8,589 | €8,674 | +€85 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €4,006 | €4,126 | +€120 | +3.0% |
| Trade debts | 44 | €2,783 | €2,748 | -€35 | -1.2% |
| Suppliers | 440/4 | €2,783 | €2,748 | -€35 | -1.2% |
| Taxes, remuneration and social security | 45 | €1,800 | €1,800 | = | 0.0% |
| Taxes | 450/3 | €1,800 | €1,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,300 | €0 | -€1,300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,669 | €12,344 | -€325 | -2.6% |
| Other operating charges | 640/8 | €2,823 | €2,589 | -€234 | -8.3% |
| Gross operating margin | 9900 | €24,305 | €20,269 | -€4,036 | -16.6% |
| Operating profit (loss) | 9901 | €8,813 | €5,336 | -€3,477 | -39.5% |
| Financial income | 75/76B | €1,283 | €1,445 | +€162 | +12.6% |
| Recurring financial income | 75 | €1,283 | €1,445 | +€162 | +12.6% |
| Financial charges | 65/66B | €916 | €784 | -€133 | -14.5% |
| Recurring financial charges | 65 | €916 | €784 | -€133 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €9,180 | €5,997 | -€3,182 | -34.7% |
| Income taxes | 67/77 | -€667 | €2,790 | +€3,457 | |
| Profit (loss) for the period | 9904 | €9,847 | €3,208 | -€6,639 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,847 | €3,208 | -€6,639 | -67.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.