GPB HOLDING: 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.
GPB HOLDING
Largest movements
- Current investments +€98,623
up €98,623 (+32.7%), from €301,378 to €400,000
- Receivables within one year -€88,652
down €88,652 (-100.0%), from €88,652 to €0
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€15,920
down €15,920 (-56.4%), from €28,214 to €12,294
- Financial charges -€11,526
down €11,526 (-99.5%), from €11,586 to €60
- Taxes -€1,274
down €1,274 (-37.5%), from €3,394 to €2,120
- Gross operating margin -€196
down €196 (-8.1%), from -€2,428 to -€2,625
- Other operating charges +€36
up €36 (+3.0%), from €1,171 to €1,206
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 | €5,017,542 | €5,010,735 | -€6,807 | -0.1% |
| Fixed assets | 21/28 | €4,490,650 | €4,490,650 | = | 0.0% |
| Financial fixed assets | 28 | €4,490,650 | €4,490,650 | = | 0.0% |
| Current assets | 29/58 | €526,892 | €520,085 | -€6,807 | -1.3% |
| Amounts receivable within one year | 40/41 | €88,652 | €0 | -€88,652 | -100.0% |
| Other amounts receivable | 41 | €88,652 | €0 | -€88,652 | -100.0% |
| Current investments | 50/53 | €301,378 | €400,000 | +€98,623 | +32.7% |
| Cash at bank and in hand | 54/58 | €113,170 | €90,408 | -€22,762 | -20.1% |
| Deferred charges and accrued income | 490/1 | €23,692 | €29,677 | +€5,985 | +25.3% |
| Total equity and liabilities | 10/49 | €5,017,542 | €5,010,735 | -€6,807 | -0.1% |
| Equity | 10/15 | €5,004,007 | €5,010,291 | +€6,284 | +0.1% |
| Contributions | 10/11 | €2,553,000 | €2,553,000 | = | 0.0% |
| Reserves | 13 | €2,321,000 | €2,321,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €121,000 | €0 | -€121,000 | -100.0% |
| Reserves not available under the articles | 1311 | €121,000 | €0 | -€121,000 | -100.0% |
| Distributable reserves | 133 | €2,200,000 | €2,321,000 | +€121,000 | +5.5% |
| Profit (loss) carried forward | 14 | €130,007 | €136,291 | +€6,284 | +4.8% |
| Amounts payable | 17/49 | €13,534 | €444 | -€13,090 | -96.7% |
| Amounts payable within one year | 42/48 | €2,159 | €444 | -€1,715 | -79.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €217 | +€217 | |
| Suppliers | 440/4 | - | €217 | +€217 | |
| Taxes, remuneration and social security | 45 | €2,159 | €227 | -€1,932 | -89.5% |
| Taxes | 450/3 | €2,159 | €227 | -€1,932 | -89.5% |
| Accrued charges and deferred income | 492/3 | €11,375 | €0 | -€11,375 | -100.0% |
| Other operating charges | 640/8 | €1,171 | €1,206 | +€36 | +3.0% |
| Gross operating margin | 9900 | -€2,428 | -€2,625 | -€196 | -8.1% |
| Operating profit (loss) | 9901 | -€3,599 | -€3,831 | -€232 | -6.4% |
| Financial income | 75/76B | €28,214 | €12,294 | -€15,920 | -56.4% |
| Recurring financial income | 75 | €28,214 | €12,294 | -€15,920 | -56.4% |
| Financial charges | 65/66B | €11,586 | €60 | -€11,526 | -99.5% |
| Recurring financial charges | 65 | €11,586 | €60 | -€11,526 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €13,029 | €8,403 | -€4,626 | -35.5% |
| Income taxes | 67/77 | €3,394 | €2,120 | -€1,274 | -37.5% |
| Profit (loss) for the period | 9904 | €9,635 | €6,284 | -€3,352 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,635 | €6,284 | -€3,352 | -34.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.