GPO: 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.
GPO
Largest movements
- Tangible fixed assets -€11,791
down €11,791 (-4.8%), from €246,831 to €235,040
of which Land and buildings: -€15,400
- Cash +€4,070
up €4,070 (+34.6%), from €11,765 to €15,836
mainly Depreciation (+€18,223) and Net result for the year (+€5,977)
- Debts after one year -€16,728
down €16,728 (-9.6%), from €174,104 to €157,376
- Reserves +€5,977
up €5,977 (+32.0%), from €18,669 to €24,647
of which Distributable reserves: +€5,977
- Gross operating margin +€6,333
up €6,333 (+20.5%), from €30,843 to €37,175
- Financial charges +€2,115
up €2,115 (+30.6%), from €6,923 to €9,039
- Taxes +€1,028
up €1,028 (+89.6%), from €1,148 to €2,176
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 | €260,237 | €252,604 | -€7,633 | -2.9% |
| Fixed assets | 21/28 | €246,831 | €235,040 | -€11,791 | -4.8% |
| Tangible fixed assets | 22/27 | €246,831 | €235,040 | -€11,791 | -4.8% |
| Land and buildings | 22 | €231,000 | €215,600 | -€15,400 | -6.7% |
| Plant, machinery and equipment | 23 | €15,831 | €19,440 | +€3,609 | +22.8% |
| Current assets | 29/58 | €13,405 | €17,564 | +€4,158 | +31.0% |
| Cash at bank and in hand | 54/58 | €11,765 | €15,836 | +€4,070 | +34.6% |
| Deferred charges and accrued income | 490/1 | €1,640 | €1,728 | +€88 | +5.4% |
| Total equity and liabilities | 10/49 | €260,237 | €252,604 | -€7,633 | -2.9% |
| Equity | 10/15 | €68,669 | €74,647 | +€5,977 | +8.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €18,669 | €24,647 | +€5,977 | +32.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €13,669 | €19,647 | +€5,977 | +43.7% |
| Amounts payable | 17/49 | €191,567 | €177,957 | -€13,610 | -7.1% |
| Amounts payable after more than one year | 17 | €174,104 | €157,376 | -€16,728 | -9.6% |
| Financial debts | 170/4 | €174,104 | €157,376 | -€16,728 | -9.6% |
| Amounts payable within one year | 42/48 | €17,464 | €20,581 | +€3,117 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €15,929 | €16,728 | +€799 | +5.0% |
| Trade debts | 44 | €387 | €1,677 | +€1,290 | +333% |
| Suppliers | 440/4 | €387 | €1,677 | +€1,290 | +333% |
| Taxes, remuneration and social security | 45 | €1,148 | €2,176 | +€1,028 | +89.6% |
| Taxes | 450/3 | €1,148 | €2,176 | +€1,028 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,999 | €18,223 | +€224 | +1.2% |
| Other operating charges | 640/8 | €1,709 | €1,761 | +€52 | +3.0% |
| Gross operating margin | 9900 | €30,843 | €37,175 | +€6,333 | +20.5% |
| Operating profit (loss) | 9901 | €11,135 | €17,192 | +€6,057 | +54.4% |
| Financial charges | 65/66B | €6,923 | €9,039 | +€2,115 | +30.6% |
| Recurring financial charges | 65 | €6,923 | €9,039 | +€2,115 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €4,211 | €8,153 | +€3,942 | +93.6% |
| Income taxes | 67/77 | €1,148 | €2,176 | +€1,028 | +89.6% |
| Profit (loss) for the period | 9904 | €3,064 | €5,977 | +€2,914 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,064 | €5,977 | +€2,914 | +95.1% |
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 14 October 2026 via checked.be.