GpFisc: 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.
GpFisc
Largest movements
- Financial fixed assets +€15,750
new in 2025: €15,750
- Tangible fixed assets -€9,751
down €9,751 (-30.1%), from €32,435 to €22,684
of which Furniture and vehicles: -€9,050
- Receivables within one year +€4,400
up €4,400 (+53.5%), from €8,228 to €12,628
of which Trade receivables: +€2,307
- Cash -€2,889
down €2,889 (-8.7%), from €33,224 to €30,334
mainly Contributions, distributions and other (-€20,500) and Investment in fixed assets (net) (-€16,443)
- Other debts +€18,754
up €18,754 (+340.8%), from €5,504 to €24,258
- Debts after one year -€7,561
down €7,561 (-45.4%), from €16,665 to €9,104
- Reserves -€7,500
down €7,500 (-20.3%), from €37,000 to €29,500
- Trade debts +€3,762
up €3,762 (+557.2%), from €675 to €4,437
- Gross operating margin -€3,869
down €3,869 (-11.7%), from €33,133 to €29,264
- Taxes -€808
down €808 (-16.9%), from €4,787 to €3,979
- Depreciation +€351
up €351 (+3.5%), from €10,093 to €10,444
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 | €77,445 | €84,203 | +€6,759 | +8.7% |
| Fixed assets | 21/28 | €32,435 | €38,434 | +€5,999 | +18.5% |
| Tangible fixed assets | 22/27 | €32,435 | €22,684 | -€9,751 | -30.1% |
| Plant, machinery and equipment | 23 | €297 | €157 | -€140 | -47.2% |
| Furniture and vehicles | 24 | €28,844 | €19,794 | -€9,050 | -31.4% |
| Other tangible fixed assets | 26 | €3,295 | €2,734 | -€561 | -17.0% |
| Financial fixed assets | 28 | - | €15,750 | +€15,750 | |
| Current assets | 29/58 | €45,010 | €45,769 | +€759 | +1.7% |
| Amounts receivable within one year | 40/41 | €8,228 | €12,628 | +€4,400 | +53.5% |
| Trade receivables | 40 | €8,228 | €10,535 | +€2,307 | +28.0% |
| Other amounts receivable | 41 | - | €2,092 | +€2,092 | |
| Cash at bank and in hand | 54/58 | €33,224 | €30,334 | -€2,889 | -8.7% |
| Deferred charges and accrued income | 490/1 | €3,558 | €2,807 | -€751 | -21.1% |
| Total equity and liabilities | 10/49 | €77,445 | €84,203 | +€6,759 | +8.7% |
| Equity | 10/15 | €42,259 | €34,768 | -€7,491 | -17.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €29,500 | -€7,500 | -20.3% |
| Distributable reserves | 133 | €37,000 | €29,500 | -€7,500 | -20.3% |
| Profit (loss) carried forward | 14 | €259 | €268 | +€9 | +3.5% |
| Amounts payable | 17/49 | €35,186 | €49,435 | +€14,250 | +40.5% |
| Amounts payable after more than one year | 17 | €16,665 | €9,104 | -€7,561 | -45.4% |
| Financial debts | 170/4 | €16,665 | €9,104 | -€7,561 | -45.4% |
| Amounts payable within one year | 42/48 | €18,043 | €39,915 | +€21,872 | +121.2% |
| Current portion of amounts payable after more than one year | 42 | €7,344 | €7,561 | +€217 | +3.0% |
| Financial debts | 43 | €178 | - | -€178 | |
| Credit institutions | 430/8 | €178 | - | -€178 | |
| Trade debts | 44 | €675 | €4,437 | +€3,762 | +557.2% |
| Suppliers | 440/4 | €675 | €4,437 | +€3,762 | +557.2% |
| Taxes, remuneration and social security | 45 | €4,342 | €3,659 | -€683 | -15.7% |
| Taxes | 450/3 | €4,342 | €3,659 | -€683 | -15.7% |
| Other amounts payable | 47/48 | €5,504 | €24,258 | +€18,754 | +340.8% |
| Accrued charges and deferred income | 492/3 | €478 | €416 | -€62 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,093 | €10,444 | +€351 | +3.5% |
| Other operating charges | 640/8 | €732 | €689 | -€43 | -5.9% |
| Gross operating margin | 9900 | €33,133 | €29,264 | -€3,869 | -11.7% |
| Operating profit (loss) | 9901 | €22,307 | €18,130 | -€4,177 | -18.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,414 | €1,142 | -€273 | -19.3% |
| Recurring financial charges | 65 | €1,414 | €1,142 | -€273 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €20,893 | €16,988 | -€3,905 | -18.7% |
| Income taxes | 67/77 | €4,787 | €3,979 | -€808 | -16.9% |
| Profit (loss) for the period | 9904 | €16,106 | €13,009 | -€3,097 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,106 | €13,009 | -€3,097 | -19.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.