GPC Belgium: 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.
GPC Belgium
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€47,841
up €47,841 (+135%), from €35,491 to €83,332
mainly Current investments (+€50,000) and Trade debts (+€34,722)
- Tangible fixed assets +€21,671
up €21,671 (+122%), from €17,813 to €39,484
of which Plant, machinery and equipment: +€21,439
- Receivables within one year -€18,692
down €18,692 (-31.7%), from €58,936 to €40,244
of which Other amounts receivable: -€10,826
- Financial fixed assets +€5,171
up €5,171 (+2.5%), from €205,400 to €210,571
- Trade debts +€34,722
up €34,722 (+1,150%), from €3,018 to €37,740
- Current portion of long-term debt -€14,929
down €14,929 (-58.2%), from €25,657 to €10,728
- Other debts -€10,055
down €10,055 (-11.1%), from €90,986 to €80,930
- Debts after one year +€8,099
new in 2025: €8,099
- Profit (loss) carried forward -€5,281
new in 2025: -€5,281
- Gross operating margin -€19,428
down €19,428, from €17,309 to -€2,119
- Taxes -€4,565
down €4,565 (-86.4%), from €5,285 to €720
- Depreciation +€1,137
up €1,137 (+71.8%), from €1,583 to €2,720
- Financial income +€648
up €648 (+77.8%), from €833 to €1,481
- Financial charges -€356
down €356 (-34.5%), from €1,029 to €674
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 | €370,936 | €379,788 | +€8,852 | +2.4% |
| Fixed assets | 21/28 | €223,213 | €250,055 | +€26,842 | +12.0% |
| Tangible fixed assets | 22/27 | €17,813 | €39,484 | +€21,671 | +122% |
| Plant, machinery and equipment | 23 | €1,785 | €23,224 | +€21,439 | +1,201% |
| Furniture and vehicles | 24 | €1,029 | €1,260 | +€232 | +22.5% |
| Other tangible fixed assets | 26 | €15,000 | €15,000 | = | 0.0% |
| Financial fixed assets | 28 | €205,400 | €210,571 | +€5,171 | +2.5% |
| Current assets | 29/58 | €147,723 | €129,733 | -€17,990 | -12.2% |
| Amounts receivable within one year | 40/41 | €58,936 | €40,244 | -€18,692 | -31.7% |
| Trade receivables | 40 | €37,895 | €30,028 | -€7,866 | -20.8% |
| Other amounts receivable | 41 | €21,041 | €10,215 | -€10,826 | -51.5% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €35,491 | €83,332 | +€47,841 | +135% |
| Deferred charges and accrued income | 490/1 | €3,296 | €6,157 | +€2,862 | +86.8% |
| Total equity and liabilities | 10/49 | €370,936 | €379,788 | +€8,852 | +2.4% |
| Equity | 10/15 | €241,722 | €236,441 | -€5,281 | -2.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €216,722 | €216,722 | = | 0.0% |
| Distributable reserves | 133 | €216,722 | €216,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,281 | -€5,281 | |
| Amounts payable | 17/49 | €129,214 | €143,346 | +€14,133 | +10.9% |
| Amounts payable after more than one year | 17 | - | €8,099 | +€8,099 | |
| Financial debts | 170/4 | - | €8,099 | +€8,099 | |
| Amounts payable within one year | 42/48 | €129,214 | €135,247 | +€6,034 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €25,657 | €10,728 | -€14,929 | -58.2% |
| Trade debts | 44 | €3,018 | €37,740 | +€34,722 | +1,150% |
| Suppliers | 440/4 | €3,018 | €37,740 | +€34,722 | +1,150% |
| Taxes, remuneration and social security | 45 | €9,553 | €5,849 | -€3,704 | -38.8% |
| Taxes | 450/3 | €8,399 | €4,408 | -€3,991 | -47.5% |
| Remuneration and social security | 454/9 | €1,154 | €1,441 | +€287 | +24.9% |
| Other amounts payable | 47/48 | €90,986 | €80,930 | -€10,055 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €2,720 | +€1,137 | +71.8% |
| Other operating charges | 640/8 | €758 | €530 | -€228 | -30.1% |
| Gross operating margin | 9900 | €17,309 | -€2,119 | -€19,428 | |
| Operating profit (loss) | 9901 | €14,968 | -€5,369 | -€20,337 | |
| Financial income | 75/76B | €833 | €1,481 | +€648 | +77.8% |
| Recurring financial income | 75 | €833 | €1,481 | +€648 | +77.8% |
| Financial charges | 65/66B | €1,029 | €674 | -€356 | -34.5% |
| Recurring financial charges | 65 | €1,029 | €674 | -€356 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €14,772 | -€4,561 | -€19,333 | |
| Income taxes | 67/77 | €5,285 | €720 | -€4,565 | -86.4% |
| Profit (loss) for the period | 9904 | €9,487 | -€5,281 | -€14,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,487 | -€5,281 | -€14,767 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.