GPINVEST: 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.
GPINVEST
Largest movements
- Receivables after one year -€542,893
down €542,893 (-14.5%), from €3.7m to €3.2m
- Profit (loss) carried forward -€554,308
down €554,308 (-13.0%), from €4.3m to €3.7m
- Financial charges +€520,385
up €520,385 (+2,601%), from €20,004 to €540,389
- Purchases and services -€20,786
no longer reported in 2025 (was €20,786)
- Gross operating margin +€6,092
up €6,092 (+32.0%), from -€19,037 to -€12,945
- Financial income -€560
down €560 (-68.8%), from €813 to €253
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 | €4,468,934 | €3,925,476 | -€543,458 | -12.2% |
| Fixed assets | 21/28 | €67,928 | €67,928 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,200 | €17,200 | = | 0.0% |
| Furniture and vehicles | 24 | €17,200 | €17,200 | = | 0.0% |
| Financial fixed assets | 28 | €50,728 | €50,728 | = | 0.0% |
| Current assets | 29/58 | €4,401,006 | €3,857,548 | -€543,458 | -12.3% |
| Amounts receivable after more than one year | 29 | €3,749,387 | €3,206,494 | -€542,893 | -14.5% |
| Other amounts receivable | 291 | €3,749,387 | €3,206,494 | -€542,893 | -14.5% |
| Amounts receivable within one year | 40/41 | €646,552 | €648,622 | +€2,070 | +0.3% |
| Trade receivables | 40 | - | €2,763 | +€2,763 | |
| Other amounts receivable | 41 | €646,552 | €645,860 | -€692 | -0.1% |
| Cash at bank and in hand | 54/58 | €1,848 | €2,181 | +€333 | +18.0% |
| Deferred charges and accrued income | 490/1 | €3,218 | €250 | -€2,968 | -92.2% |
| Total equity and liabilities | 10/49 | €4,468,934 | €3,925,476 | -€543,458 | -12.2% |
| Equity | 10/15 | €4,465,822 | €3,911,514 | -€554,308 | -12.4% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,267,822 | €3,713,514 | -€554,308 | -13.0% |
| Amounts payable | 17/49 | €3,112 | €13,962 | +€10,850 | +349% |
| Amounts payable within one year | 42/48 | €3,112 | €13,962 | +€10,850 | +349% |
| Trade debts | 44 | €955 | €725 | -€229 | -24.0% |
| Suppliers | 440/4 | €955 | €725 | -€229 | -24.0% |
| Taxes, remuneration and social security | 45 | €157 | €81 | -€76 | -48.5% |
| Taxes | 450/3 | €157 | €81 | -€76 | -48.5% |
| Other amounts payable | 47/48 | €2,000 | €13,155 | +€11,155 | +558% |
| Non-recurring operating income | 76A | - | €2,763 | +€2,763 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,786 | - | -€20,786 | |
| Other operating charges | 640/8 | €1,348 | €1,227 | -€121 | -9.0% |
| Gross operating margin | 9900 | -€19,037 | -€12,945 | +€6,092 | +32.0% |
| Operating profit (loss) | 9901 | -€20,385 | -€14,171 | +€6,213 | +30.5% |
| Financial income | 75/76B | €813 | €253 | -€560 | -68.8% |
| Recurring financial income | 75 | €813 | €253 | -€560 | -68.8% |
| Financial charges | 65/66B | €20,004 | €540,389 | +€520,385 | +2,601% |
| Recurring financial charges | 65 | €20,004 | €540,389 | +€520,385 | +2,601% |
| Profit (loss) for the period before taxes | 9903 | -€39,576 | -€554,308 | -€514,731 | -1,301% |
| Income taxes | 67/77 | €81 | - | -€81 | |
| Profit (loss) for the period | 9904 | -€39,657 | -€554,308 | -€514,650 | -1,298% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,657 | -€554,308 | -€514,650 | -1,298% |
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 1 November 2026 via checked.be.