GPEC: 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.
GPEC
Largest movements
- Receivables within one year -€22,258
down €22,258 (-94.0%), from €23,677 to €1,419
of which Other amounts receivable: -€20,533
- Receivables after one year +€19,783
up €19,783 (+45.8%), from €43,194 to €62,977
- Cash -€8,789
down €8,789 (-67.3%), from €13,051 to €4,262
mainly Receivables after one year (-€19,783) and Net result for the year (-€7,334)
- Profit (loss) carried forward -€7,334
down €7,334 (-141%), from -€5,207 to -€12,541
- Trade debts -€3,955
down €3,955 (-96.7%), from €4,089 to €133
- Financial charges +€3,004
up €3,004 (+6,905%), from €44 to €3,047
- Gross operating margin +€475
up €475 (+10.3%), from -€4,616 to -€4,141
- Other operating charges -€406
down €406 (-77.2%), from €526 to €120
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 | €82,931 | €71,642 | -€11,289 | -13.6% |
| Fixed assets | 21/28 | €3,010 | €2,984 | -€25 | -0.8% |
| Tangible fixed assets | 22/27 | €30 | €4 | -€25 | -85.7% |
| Furniture and vehicles | 24 | €30 | €4 | -€25 | -85.7% |
| Financial fixed assets | 28 | €2,980 | €2,980 | = | 0.0% |
| Current assets | 29/58 | €79,922 | €68,658 | -€11,264 | -14.1% |
| Amounts receivable after more than one year | 29 | €43,194 | €62,977 | +€19,783 | +45.8% |
| Other amounts receivable | 291 | €43,194 | €62,977 | +€19,783 | +45.8% |
| Amounts receivable within one year | 40/41 | €23,677 | €1,419 | -€22,258 | -94.0% |
| Trade receivables | 40 | €1,726 | €0 | -€1,726 | -100% |
| Other amounts receivable | 41 | €21,951 | €1,419 | -€20,533 | -93.5% |
| Cash at bank and in hand | 54/58 | €13,051 | €4,262 | -€8,789 | -67.3% |
| Total equity and liabilities | 10/49 | €82,931 | €71,642 | -€11,289 | -13.6% |
| Equity | 10/15 | €66,801 | €59,467 | -€7,334 | -11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,809 | €65,809 | = | 0.0% |
| Distributable reserves | 133 | €65,809 | €65,809 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,207 | -€12,541 | -€7,334 | -141% |
| Amounts payable | 17/49 | €16,130 | €12,175 | -€3,955 | -24.5% |
| Amounts payable within one year | 42/48 | €16,130 | €12,175 | -€3,955 | -24.5% |
| Trade debts | 44 | €4,089 | €133 | -€3,955 | -96.7% |
| Suppliers | 440/4 | €4,089 | €133 | -€3,955 | -96.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,042 | €12,042 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €25 | +€4 | +19.5% |
| Other operating charges | 640/8 | €526 | €120 | -€406 | -77.2% |
| Gross operating margin | 9900 | -€4,616 | -€4,141 | +€475 | +10.3% |
| Operating profit (loss) | 9901 | -€5,164 | -€4,287 | +€877 | +17.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €44 | €3,047 | +€3,004 | +6,905% |
| Recurring financial charges | 65 | €44 | €3,047 | +€3,004 | +6,905% |
| Profit (loss) for the period before taxes | 9903 | -€5,207 | -€7,334 | -€2,126 | -40.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,207 | -€7,334 | -€2,126 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,207 | -€7,334 | -€2,126 | -40.8% |
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 16 October 2026 via checked.be.