GPFC: 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.
GPFC
Largest movements
- Tangible fixed assets +€369,933
up €369,933 (+1218.8%), from €30,353 to €400,286
of which Land and buildings: +€375,748
- Cash +€13,244
up €13,244 (+37.4%), from €35,373 to €48,617
mainly Debts after one year (+€343,344) and Other debts (+€15,220)
- Financial fixed assets -€9,000
no longer reported in 2024 (was €9,000)
- Debts after one year +€343,344
new in 2024: €343,344
- Other debts +€15,220
new in 2024: €15,220
- Trade debts +€7,496
up €7,496 (+34.0%), from €22,019 to €29,515
- Current portion of long-term debt +€5,491
new in 2024: €5,491
- Gross operating margin +€74,174
up €74,174 (+985.7%), from €7,525 to €81,699
- Other operating charges +€53,823
up €53,823 (+21098.0%), from €255 to €54,078
- Staff costs +€5,155
up €5,155 (+104.0%), from €4,956 to €10,111
- Depreciation +€4,474
up €4,474 (+58.7%), from €7,616 to €12,090
- Financial charges -€1,392
down €1,392 (-37.0%), from €3,759 to €2,367
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,981 | €468,093 | +€374,113 | +398.1% |
| Fixed assets | 21/28 | €39,353 | €400,286 | +€360,933 | +917.2% |
| Tangible fixed assets | 22/27 | €30,353 | €400,286 | +€369,933 | +1218.8% |
| Land and buildings | 22 | - | €375,748 | +€375,748 | |
| Furniture and vehicles | 24 | €9,256 | €8,639 | -€617 | -6.7% |
| Other tangible fixed assets | 26 | €21,097 | €15,899 | -€5,198 | -24.6% |
| Financial fixed assets | 28 | €9,000 | - | -€9,000 | |
| Current assets | 29/58 | €54,627 | €67,807 | +€13,180 | +24.1% |
| Stocks and contracts in progress | 3 | €19,254 | €15,322 | -€3,932 | -20.4% |
| Stocks | 30/36 | €19,254 | €15,322 | -€3,932 | -20.4% |
| Cash at bank and in hand | 54/58 | €35,373 | €48,617 | +€13,244 | +37.4% |
| Deferred charges and accrued income | 490/1 | - | €3,868 | +€3,868 | |
| Total equity and liabilities | 10/49 | €93,981 | €468,093 | +€374,113 | +398.1% |
| Equity | 10/15 | €66,132 | €69,937 | +€3,804 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,072 | €61,877 | +€3,804 | +6.6% |
| Amounts payable | 17/49 | €27,848 | €398,156 | +€370,308 | +1329.7% |
| Amounts payable after more than one year | 17 | - | €343,344 | +€343,344 | |
| Financial debts | 170/4 | - | €343,344 | +€343,344 | |
| Amounts payable within one year | 42/48 | €27,848 | €54,812 | +€26,964 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,491 | +€5,491 | |
| Trade debts | 44 | €22,019 | €29,515 | +€7,496 | +34.0% |
| Suppliers | 440/4 | €22,019 | €29,515 | +€7,496 | +34.0% |
| Taxes, remuneration and social security | 45 | €5,829 | €4,587 | -€1,243 | -21.3% |
| Taxes | 450/3 | €5,449 | €2,760 | -€2,690 | -49.4% |
| Remuneration and social security | 454/9 | €380 | €1,827 | +€1,447 | +380.8% |
| Other amounts payable | 47/48 | - | €15,220 | +€15,220 | |
| Non-recurring operating income | 76A | - | €19,000 | +€19,000 | |
| Remuneration, social security and pensions | 62 | €4,956 | €10,111 | +€5,155 | +104.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,616 | €12,090 | +€4,474 | +58.7% |
| Other operating charges | 640/8 | €255 | €54,078 | +€53,823 | +21098.0% |
| Gross operating margin | 9900 | €7,525 | €81,699 | +€74,174 | +985.7% |
| Operating profit (loss) | 9901 | -€5,302 | €5,420 | +€10,722 | |
| Financial income | 75/76B | €118 | €757 | +€640 | +543.7% |
| Recurring financial income | 75 | €118 | €757 | +€640 | +543.7% |
| Financial charges | 65/66B | €3,759 | €2,367 | -€1,392 | -37.0% |
| Recurring financial charges | 65 | €3,759 | €2,367 | -€1,392 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,944 | €3,810 | +€12,754 | |
| Income taxes | 67/77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€8,944 | €3,804 | +€12,748 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,944 | €3,804 | +€12,748 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.