GPLUS: 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.
GPLUS
Largest movements
- Tangible fixed assets +€38,792
up €38,792 (+57.1%), from €67,991 to €106,783
of which Land and buildings: +€45,171
- Receivables within one year +€36,295
up €36,295 (+180.3%), from €20,133 to €56,428
of which Trade receivables: +€34,993
- Receivables after one year -€30,000
down €30,000 (-54.5%), from €55,000 to €25,000
- Intangible fixed assets +€29,651
up €29,651 (+138.0%), from €21,479 to €51,130
- Cash -€2,861
no longer reported in 2025 (was €2,861)
mainly Investment in fixed assets (net) (-€92,628) and Other debts (-€53,006)
- Debts after one year +€85,879
up €85,879 (+142.2%), from €60,405 to €146,284
- Other debts -€53,006
down €53,006 (-98.9%), from €53,599 to €594
- Reserves +€21,000
up €21,000 (+1105.3%), from €1,900 to €22,900
- Tax, wage and social debts +€12,596
up €12,596 (+66.4%), from €18,976 to €31,572
- Short-term financial debts +€3,717
new in 2025: €3,717
- Gross operating margin +€43,759
up €43,759 (+132.5%), from €33,015 to €76,773
- Depreciation +€9,565
up €9,565 (+65.4%), from €14,620 to €24,185
- Taxes +€7,351
up €7,351 (+300.2%), from €2,449 to €9,800
- Financial charges +€6,054
up €6,054 (+63.4%), from €9,545 to €15,600
- Financial income -€2,750
no longer reported in 2025 (was €2,750)
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 | €168,532 | €241,477 | +€72,946 | +43.3% |
| Fixed assets | 21/28 | €89,471 | €157,914 | +€68,443 | +76.5% |
| Intangible fixed assets | 21 | €21,479 | €51,130 | +€29,651 | +138.0% |
| Tangible fixed assets | 22/27 | €67,991 | €106,783 | +€38,792 | +57.1% |
| Land and buildings | 22 | €61,191 | €106,362 | +€45,171 | +73.8% |
| Plant, machinery and equipment | 23 | €934 | - | -€934 | |
| Furniture and vehicles | 24 | - | €421 | +€421 | |
| Leasing and similar rights | 25 | €5,866 | - | -€5,866 | |
| Current assets | 29/58 | €79,061 | €83,564 | +€4,503 | +5.7% |
| Amounts receivable after more than one year | 29 | €55,000 | €25,000 | -€30,000 | -54.5% |
| Other amounts receivable | 291 | €55,000 | €25,000 | -€30,000 | -54.5% |
| Amounts receivable within one year | 40/41 | €20,133 | €56,428 | +€36,295 | +180.3% |
| Trade receivables | 40 | €6,035 | €41,027 | +€34,993 | +579.9% |
| Other amounts receivable | 41 | €14,098 | €15,400 | +€1,302 | +9.2% |
| Cash at bank and in hand | 54/58 | €2,861 | - | -€2,861 | |
| Deferred charges and accrued income | 490/1 | €1,067 | €2,136 | +€1,069 | +100.1% |
| Total equity and liabilities | 10/49 | €168,532 | €241,477 | +€72,946 | +43.3% |
| Equity | 10/15 | €18,896 | €40,319 | +€21,423 | +113.4% |
| Contributions | 10/11 | €6,450 | €6,450 | = | 0.0% |
| Reserves | 13 | €1,900 | €22,900 | +€21,000 | +1105.3% |
| Distributable reserves | 133 | €1,900 | €22,900 | +€21,000 | +1105.3% |
| Profit (loss) carried forward | 14 | €10,546 | €10,969 | +€423 | +4.0% |
| Amounts payable | 17/49 | €149,636 | €201,159 | +€51,523 | +34.4% |
| Amounts payable after more than one year | 17 | €60,405 | €146,284 | +€85,879 | +142.2% |
| Financial debts | 170/4 | €60,405 | €146,284 | +€85,879 | +142.2% |
| Amounts payable within one year | 42/48 | €89,231 | €54,875 | -€34,356 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €10,480 | €13,116 | +€2,635 | +25.1% |
| Financial debts | 43 | - | €3,717 | +€3,717 | |
| Credit institutions | 430/8 | - | €3,717 | +€3,717 | |
| Trade debts | 44 | €6,175 | €5,876 | -€299 | -4.8% |
| Suppliers | 440/4 | €6,175 | €5,876 | -€299 | -4.8% |
| Taxes, remuneration and social security | 45 | €18,976 | €31,572 | +€12,596 | +66.4% |
| Taxes | 450/3 | €18,976 | €31,572 | +€12,596 | +66.4% |
| Other amounts payable | 47/48 | €53,599 | €594 | -€53,006 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,620 | €24,185 | +€9,565 | +65.4% |
| Other operating charges | 640/8 | €1,962 | €1,732 | -€230 | -11.7% |
| Non-recurring operating charges | 66A | €2,560 | €4,034 | +€1,474 | +57.6% |
| Gross operating margin | 9900 | €33,015 | €76,773 | +€43,759 | +132.5% |
| Operating profit (loss) | 9901 | €13,873 | €46,822 | +€32,950 | +237.5% |
| Financial income | 75/76B | €2,750 | - | -€2,750 | |
| Recurring financial income | 75 | €2,750 | - | -€2,750 | |
| Financial charges | 65/66B | €9,545 | €15,600 | +€6,054 | +63.4% |
| Recurring financial charges | 65 | €9,545 | €15,600 | +€6,054 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €7,077 | €31,223 | +€24,145 | +341.2% |
| Income taxes | 67/77 | €2,449 | €9,800 | +€7,351 | +300.2% |
| Profit (loss) for the period | 9904 | €4,629 | €21,423 | +€16,794 | +362.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,629 | €21,423 | +€16,794 | +362.8% |
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 11 October 2026 via checked.be.