GPN: 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.
GPN
Largest movements
- Receivables within one year +€4,144
up €4,144 (+15.8%), from €26,258 to €30,403
of which Trade receivables: +€4,997
- Cash +€1,822
up €1,822 (+1020.3%), from €179 to €2,001
mainly Net result for the year (+€18,505) and Other debts (+€18,505)
- Deferred charges and accrued income +€1,413
up €1,413 (+38.6%), from €3,663 to €5,075
- Reserves -€19,053
no longer reported in 2025 (was €19,053)
- Other debts +€18,505
new in 2025: €18,505
- Tax, wage and social debts +€9,552
up €9,552 (+156.6%), from €6,100 to €15,653
- Profit (loss) carried forward -€1,002
no longer reported in 2025 (was €1,002)
- Gross operating margin +€24,659
up €24,659 (+431.5%), from €5,714 to €30,373
- Taxes +€6,877
up €6,877 (+252.5%), from €2,724 to €9,601
- Depreciation -€1,307
down €1,307 (-57.9%), from €2,258 to €951
- Financial income -€723
down €723 (-33.9%), from €2,136 to €1,413
- Financial charges +€428
up €428 (+32.5%), from €1,315 to €1,743
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 | €30,994 | €38,746 | +€7,752 | +25.0% |
| Fixed assets | 21/28 | €894 | €1,267 | +€373 | +41.7% |
| Tangible fixed assets | 22/27 | €894 | €992 | +€99 | +11.0% |
| Furniture and vehicles | 24 | €894 | €992 | +€99 | +11.0% |
| Financial fixed assets | 28 | - | €274 | +€274 | |
| Current assets | 29/58 | €30,100 | €37,479 | +€7,379 | +24.5% |
| Amounts receivable within one year | 40/41 | €26,258 | €30,403 | +€4,144 | +15.8% |
| Trade receivables | 40 | €424 | €5,421 | +€4,997 | +1180.0% |
| Other amounts receivable | 41 | €25,835 | €24,982 | -€853 | -3.3% |
| Cash at bank and in hand | 54/58 | €179 | €2,001 | +€1,822 | +1020.3% |
| Deferred charges and accrued income | 490/1 | €3,663 | €5,075 | +€1,413 | +38.6% |
| Total equity and liabilities | 10/49 | €30,994 | €38,746 | +€7,752 | +25.0% |
| Equity | 10/15 | €21,054 | €1,000 | -€20,054 | -95.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,053 | - | -€19,053 | |
| Distributable reserves | 133 | €19,053 | - | -€19,053 | |
| Profit (loss) carried forward | 14 | €1,002 | - | -€1,002 | |
| Amounts payable | 17/49 | €9,939 | €37,746 | +€27,806 | +279.8% |
| Amounts payable within one year | 42/48 | €9,939 | €37,746 | +€27,806 | +279.8% |
| Trade debts | 44 | €3,839 | €3,588 | -€251 | -6.5% |
| Suppliers | 440/4 | €3,839 | €3,588 | -€251 | -6.5% |
| Taxes, remuneration and social security | 45 | €6,100 | €15,653 | +€9,552 | +156.6% |
| Taxes | 450/3 | €6,100 | €15,653 | +€9,552 | +156.6% |
| Other amounts payable | 47/48 | - | €18,505 | +€18,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,258 | €951 | -€1,307 | -57.9% |
| Other operating charges | 640/8 | €734 | €987 | +€253 | +34.4% |
| Gross operating margin | 9900 | €5,714 | €30,373 | +€24,659 | +431.5% |
| Operating profit (loss) | 9901 | €2,722 | €28,435 | +€25,713 | +944.7% |
| Financial income | 75/76B | €2,136 | €1,413 | -€723 | -33.9% |
| Recurring financial income | 75 | €2,136 | €1,413 | -€723 | -33.9% |
| Financial charges | 65/66B | €1,315 | €1,743 | +€428 | +32.5% |
| Recurring financial charges | 65 | €1,315 | €1,743 | +€428 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €3,543 | €28,105 | +€24,562 | +693.3% |
| Income taxes | 67/77 | €2,724 | €9,601 | +€6,877 | +252.5% |
| Profit (loss) for the period | 9904 | €819 | €18,505 | +€17,686 | +2159.4% |
| Profit (loss) for the period to be appropriated | 9905 | €819 | €18,505 | +€17,686 | +2159.4% |
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.