GPprojects: what changed
Two fiscal 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.
GPprojects
Largest movements
- Cash +€61,190
up €61,190 (+2128.2%), from €2,875 to €64,065
mainly Net result for the year (+€38,882) and Receivables within one year (+€24,443)
- Tangible fixed assets -€29,781
down €29,781 (-52.3%), from €56,952 to €27,171
of which Furniture and vehicles: -€30,764
- Receivables within one year -€24,443
down €24,443 (-24.7%), from €99,050 to €74,607
of which Trade receivables: -€18,305
- Reserves +€28,793
up €28,793 (+25.8%), from €111,486 to €140,280
of which Distributable reserves: +€30,653
- Debts after one year -€14,440
down €14,440 (-100.0%), from €14,440 to €0
- Trade debts -€14,115
down €14,115 (-81.3%), from €17,369 to €3,253
- Profit (loss) carried forward +€10,089
up €10,089, from -€10,089 to €0
- Current portion of long-term debt -€9,029
down €9,029 (-100.0%), from €9,029 to €0
- Gross operating margin +€65,558
up €65,558 (+1325.1%), from €4,947 to €70,506
- Taxes +€12,716
up €12,716 (+9298.9%), from €137 to €12,853
- Depreciation -€6,027
down €6,027 (-42.2%), from €14,265 to €8,238
- Financial charges +€864
up €864 (+233.6%), from €370 to €1,234
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 | €158,877 | €167,160 | +€8,283 | +5.2% |
| Fixed assets | 21/28 | €56,952 | €27,171 | -€29,781 | -52.3% |
| Tangible fixed assets | 22/27 | €56,952 | €27,171 | -€29,781 | -52.3% |
| Land and buildings | 22 | - | €1,855 | +€1,855 | |
| Plant, machinery and equipment | 23 | €9,460 | €11,593 | +€2,133 | +22.5% |
| Furniture and vehicles | 24 | €44,487 | €13,723 | -€30,764 | -69.2% |
| Other tangible fixed assets | 26 | €3,004 | - | -€3,004 | |
| Current assets | 29/58 | €101,925 | €139,989 | +€38,064 | +37.3% |
| Amounts receivable within one year | 40/41 | €99,050 | €74,607 | -€24,443 | -24.7% |
| Trade receivables | 40 | €67,006 | €48,701 | -€18,305 | -27.3% |
| Other amounts receivable | 41 | €32,044 | €25,906 | -€6,138 | -19.2% |
| Cash at bank and in hand | 54/58 | €2,875 | €64,065 | +€61,190 | +2128.2% |
| Deferred charges and accrued income | 490/1 | - | €1,317 | +€1,317 | |
| Total equity and liabilities | 10/49 | €158,877 | €167,160 | +€8,283 | +5.2% |
| Equity | 10/15 | €113,898 | €152,780 | +€38,882 | +34.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €111,486 | €140,280 | +€28,793 | +25.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €109,626 | €140,280 | +€30,653 | +28.0% |
| Profit (loss) carried forward | 14 | -€10,089 | €0 | +€10,089 | |
| Amounts payable | 17/49 | €44,980 | €14,381 | -€30,599 | -68.0% |
| Amounts payable after more than one year | 17 | €14,440 | €0 | -€14,440 | -100.0% |
| Financial debts | 170/4 | €14,440 | €0 | -€14,440 | -100.0% |
| Amounts payable within one year | 42/48 | €30,539 | €14,381 | -€16,158 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €9,029 | €0 | -€9,029 | -100.0% |
| Financial debts | 43 | - | €643 | +€643 | |
| Credit institutions | 430/8 | - | €643 | +€643 | |
| Trade debts | 44 | €17,369 | €3,253 | -€14,115 | -81.3% |
| Suppliers | 440/4 | €17,369 | €3,253 | -€14,115 | -81.3% |
| Taxes, remuneration and social security | 45 | €4,142 | €10,485 | +€6,343 | +153.2% |
| Taxes | 450/3 | €4,142 | €10,485 | +€6,343 | +153.2% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | - | €618 | +€618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,265 | €8,238 | -€6,027 | -42.2% |
| Other operating charges | 640/8 | €973 | €1,104 | +€131 | +13.5% |
| Non-recurring operating charges | 66A | - | €8,793 | +€8,793 | |
| Gross operating margin | 9900 | €4,947 | €70,506 | +€65,558 | +1325.1% |
| Operating profit (loss) | 9901 | -€10,290 | €51,753 | +€62,043 | |
| Financial income | 75/76B | €708 | €1,216 | +€508 | +71.8% |
| Recurring financial income | 75 | €708 | €1,216 | +€508 | +71.8% |
| Financial charges | 65/66B | €370 | €1,234 | +€864 | +233.6% |
| Recurring financial charges | 65 | €370 | €1,234 | +€864 | +233.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,952 | €51,735 | +€61,687 | |
| Income taxes | 67/77 | €137 | €12,853 | +€12,716 | +9298.9% |
| Profit (loss) for the period | 9904 | -€10,089 | €38,882 | +€48,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,089 | €38,882 | +€48,971 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.