GPH Development: 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.
GPH Development
Largest movements
- Receivables within one year +€95,586
up €95,586 (+1376.4%), from €6,945 to €102,531
of which Trade receivables: +€102,531
- Tangible fixed assets +€53,881
new in 2024: €53,881
of which Furniture and vehicles: +€51,598
- Cash +€20,994
up €20,994 (+3013.2%), from €697 to €21,691
mainly Other debts (+€113,784) and Trade debts (+€101,352)
- Stocks and contracts -€15,934
down €15,934 (-100.0%), from €15,934 to €0
- Financial fixed assets +€14,200
new in 2024: €14,200
- Other debts +€113,784
up €113,784 (+65.7%), from €173,295 to €287,079
- Trade debts +€101,352
up €101,352 (+1251.5%), from €8,098 to €109,450
- Profit (loss) carried forward -€81,565
down €81,565 (-47.8%), from -€170,630 to -€252,194
- Tax, wage and social debts +€20,799
up €20,799 (+5051.0%), from €412 to €21,210
of which Taxes: +€10,823
- Advances received +€14,357
new in 2024: €14,357
- Staff costs +€31,193
new in 2024: €31,193
- Gross operating margin -€26,271
down €26,271 (-8017.8%), from -€328 to -€26,599
- Depreciation +€3,574
new in 2024: €3,574
- Other operating charges +€3,058
up €3,058 (+795.4%), from €384 to €3,442
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 | €23,575 | €192,302 | +€168,727 | +715.7% |
| Fixed assets | 21/28 | - | €68,081 | +€68,081 | |
| Tangible fixed assets | 22/27 | - | €53,881 | +€53,881 | |
| Plant, machinery and equipment | 23 | - | €2,282 | +€2,282 | |
| Furniture and vehicles | 24 | - | €51,598 | +€51,598 | |
| Financial fixed assets | 28 | - | €14,200 | +€14,200 | |
| Current assets | 29/58 | €23,575 | €124,222 | +€100,646 | +426.9% |
| Stocks and contracts in progress | 3 | €15,934 | €0 | -€15,934 | -100.0% |
| Stocks | 30/36 | €15,934 | €0 | -€15,934 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,945 | €102,531 | +€95,586 | +1376.4% |
| Trade receivables | 40 | - | €102,531 | +€102,531 | |
| Other amounts receivable | 41 | €6,945 | €0 | -€6,945 | -100.0% |
| Cash at bank and in hand | 54/58 | €697 | €21,691 | +€20,994 | +3013.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €23,575 | €192,302 | +€168,727 | +715.7% |
| Equity | 10/15 | -€158,230 | -€239,794 | -€81,565 | -51.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,630 | -€252,194 | -€81,565 | -47.8% |
| Amounts payable | 17/49 | €181,805 | €432,097 | +€250,292 | +137.7% |
| Amounts payable within one year | 42/48 | €181,805 | €432,097 | +€250,292 | +137.7% |
| Trade debts | 44 | €8,098 | €109,450 | +€101,352 | +1251.5% |
| Suppliers | 440/4 | €8,098 | €109,450 | +€101,352 | +1251.5% |
| Advances received on contracts in progress | 46 | - | €14,357 | +€14,357 | |
| Taxes, remuneration and social security | 45 | €412 | €21,210 | +€20,799 | +5051.0% |
| Taxes | 450/3 | €412 | €11,234 | +€10,823 | +2628.3% |
| Remuneration and social security | 454/9 | - | €9,976 | +€9,976 | |
| Other amounts payable | 47/48 | €173,295 | €287,079 | +€113,784 | +65.7% |
| Remuneration, social security and pensions | 62 | - | €31,193 | +€31,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,574 | +€3,574 | |
| Other operating charges | 640/8 | €384 | €3,442 | +€3,058 | +795.4% |
| Non-recurring operating charges | 66A | - | €15,934 | +€15,934 | |
| Gross operating margin | 9900 | -€328 | -€26,599 | -€26,271 | -8017.8% |
| Operating profit (loss) | 9901 | -€712 | -€80,741 | -€80,029 | -11238.5% |
| Financial income | 75/76B | €184 | €71 | -€113 | -61.6% |
| Recurring financial income | 75 | €184 | €71 | -€113 | -61.6% |
| Financial charges | 65/66B | €429 | €622 | +€193 | +45.0% |
| Recurring financial charges | 65 | €429 | €622 | +€193 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | -€958 | -€81,293 | -€80,335 | -8389.4% |
| Income taxes | 67/77 | €207 | €272 | +€65 | +31.3% |
| Profit (loss) for the period | 9904 | -€1,165 | -€81,565 | -€80,400 | -6903.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,165 | -€81,565 | -€80,400 | -6903.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.