GPFI: 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.
GPFI
Largest movements
- Cash +€3.8m
up €3.8m (+39.7%), from €9.6m to €13.4m
mainly Net result for the year (+€9.8m) and Deferred charges and accrued income (+€10,825)
- Financial fixed assets +€2.1m
up €2.1m (+8.3%), from €25.1m to €27.2m
- Profit (loss) carried forward +€9.8m
up €9.8m (+25.4%), from €38.6m to €48.5m
- Trade debts -€3.3m
down €3.3m (-94.6%), from €3.5m to €187,602
- Gross operating margin -€6.8m
down €6.8m (-41.4%), from €16.3m to €9.6m
- Financial income +€217,228
up €217,228 (+372.1%), from €58,381 to €275,609
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 | €42,608,796 | €48,934,907 | +€6.3m | +14.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €25,132,979 | €27,211,005 | +€2.1m | +8.3% |
| Financial fixed assets | 28 | €25,132,979 | €27,211,005 | +€2.1m | +8.3% |
| Current assets | 29/58 | €17,475,817 | €21,723,902 | +€4.2m | +24.3% |
| Amounts receivable after more than one year | 29 | €6,030,000 | €6,030,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,030,000 | €6,030,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,825,288 | €2,265,199 | +€439,910 | +24.1% |
| Trade receivables | 40 | €44,151 | €641,447 | +€597,296 | +1352.8% |
| Other amounts receivable | 41 | €1,781,137 | €1,623,752 | -€157,385 | -8.8% |
| Cash at bank and in hand | 54/58 | €9,608,086 | €13,427,086 | +€3.8m | +39.7% |
| Deferred charges and accrued income | 490/1 | €12,443 | €1,618 | -€10,825 | -87.0% |
| Total equity and liabilities | 10/49 | €42,608,796 | €48,934,907 | +€6.3m | +14.8% |
| Equity | 10/15 | €38,652,781 | €48,478,131 | +€9.8m | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,632,321 | €48,457,671 | +€9.8m | +25.4% |
| Amounts payable | 17/49 | €3,956,015 | €456,776 | -€3.5m | -88.5% |
| Amounts payable within one year | 42/48 | €3,956,015 | €456,776 | -€3.5m | -88.5% |
| Trade debts | 44 | €3,474,878 | €187,602 | -€3.3m | -94.6% |
| Suppliers | 440/4 | €3,474,878 | €187,602 | -€3.3m | -94.6% |
| Taxes, remuneration and social security | 45 | €181,137 | €31,674 | -€149,464 | -82.5% |
| Taxes | 450/3 | €181,137 | €31,674 | -€149,464 | -82.5% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €300,000 | €237,500 | -€62,500 | -20.8% |
| Non-recurring operating income | 76A | €1,007,154 | - | -€1.0m | |
| Gross operating margin | 9900 | €16,311,717 | €9,553,297 | -€6.8m | -41.4% |
| Operating profit (loss) | 9901 | €16,311,717 | €9,553,297 | -€6.8m | -41.4% |
| Financial income | 75/76B | €58,381 | €275,609 | +€217,228 | +372.1% |
| Recurring financial income | 75 | €58,381 | €275,609 | +€217,228 | +372.1% |
| Financial charges | 65/66B | €119,007 | €305 | -€118,702 | -99.7% |
| Recurring financial charges | 65 | €119,007 | €305 | -€118,702 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €16,251,090 | €9,828,601 | -€6.4m | -39.5% |
| Income taxes | 67/77 | -€2,249 | €3,251 | +€5,499 | |
| Profit (loss) for the period | 9904 | €16,253,339 | €9,825,350 | -€6.4m | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,253,339 | €9,825,350 | -€6.4m | -39.5% |
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 29 September 2026 via checked.be.