GPPM: 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.
GPPM
Largest movements
- Receivables within one year +€91,035
up €91,035 (+577.2%), from €15,772 to €106,806
of which Other amounts receivable: +€98,986
- Other debts +€100,000
up €100,000, from €0 to €100,000
- Profit (loss) carried forward -€4,368
down €4,368 (-96.6%), from €4,521 to €153
- Gross operating margin +€21,043
up €21,043 (+21.1%), from €99,497 to €120,539
- Financial income +€3,263
up €3,263 (+53.3%), from €6,119 to €9,382
- Taxes +€3,202
up €3,202 (+10.7%), from €29,903 to €33,104
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 | €236,776 | €332,569 | +€95,793 | +40.5% |
| Formation expenses | 20 | €580 | €86 | -€494 | -85.2% |
| Fixed assets | 21/28 | €931 | €681 | -€250 | -26.9% |
| Tangible fixed assets | 22/27 | €931 | €681 | -€250 | -26.9% |
| Plant, machinery and equipment | 23 | €931 | €681 | -€250 | -26.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €235,265 | €331,802 | +€96,537 | +41.0% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,772 | €106,806 | +€91,035 | +577.2% |
| Trade receivables | 40 | €7,952 | €0 | -€7,952 | -100.0% |
| Other amounts receivable | 41 | €7,820 | €106,806 | +€98,986 | +1265.8% |
| Cash at bank and in hand | 54/58 | €88,374 | €90,613 | +€2,240 | +2.5% |
| Deferred charges and accrued income | 490/1 | €6,119 | €9,382 | +€3,263 | +53.3% |
| Total equity and liabilities | 10/49 | €236,776 | €332,569 | +€95,793 | +40.5% |
| Equity | 10/15 | €227,221 | €222,853 | -€4,368 | -1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €217,700 | €217,700 | = | 0.0% |
| Distributable reserves | 133 | €217,700 | €217,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,521 | €153 | -€4,368 | -96.6% |
| Amounts payable | 17/49 | €9,555 | €109,716 | +€100,161 | +1048.3% |
| Amounts payable within one year | 42/48 | €9,555 | €109,716 | +€100,161 | +1048.3% |
| Trade debts | 44 | €2,348 | €296 | -€2,052 | -87.4% |
| Suppliers | 440/4 | €2,348 | €296 | -€2,052 | -87.4% |
| Taxes, remuneration and social security | 45 | €7,207 | €9,420 | +€2,213 | +30.7% |
| Taxes | 450/3 | €7,207 | €9,420 | +€2,213 | +30.7% |
| Other amounts payable | 47/48 | €0 | €100,000 | +€100,000 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842 | €744 | -€98 | -11.6% |
| Other operating charges | 640/8 | €528 | €400 | -€128 | -24.3% |
| Gross operating margin | 9900 | €99,497 | €120,539 | +€21,043 | +21.1% |
| Operating profit (loss) | 9901 | €98,127 | €119,396 | +€21,269 | +21.7% |
| Financial income | 75/76B | €6,119 | €9,382 | +€3,263 | +53.3% |
| Recurring financial income | 75 | €6,119 | €9,382 | +€3,263 | +53.3% |
| Financial charges | 65/66B | €41 | €42 | +€1 | +2.5% |
| Recurring financial charges | 65 | €41 | €42 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €104,205 | €128,736 | +€24,531 | +23.5% |
| Income taxes | 67/77 | €29,903 | €33,104 | +€3,202 | +10.7% |
| Profit (loss) for the period | 9904 | €74,302 | €95,632 | +€21,329 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,302 | €95,632 | +€21,329 | +28.7% |
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 12 October 2026 via checked.be.