GPR: what changed
GPR
Largest movements
- Cash +€14,330
up €14,330 (+50.0%), from €28,687 to €43,018
mainly Depreciation (+€17,119) and Trade debts (+€12,757)
- Tangible fixed assets -€10,359
down €10,359 (-30.6%), from €33,822 to €23,463
of which Furniture and vehicles: -€11,977
- Intangible fixed assets -€5,000
down €5,000 (-100%), from €5,000 to €0
- Deferred charges and accrued income -€3,648
down €3,648 (-100%), from €3,648 to €0
- Receivables within one year -€1,160
down €1,160 (-3.1%), from €37,246 to €36,086
of which Other amounts receivable: -€4,627
- Trade debts +€12,757
up €12,757 (+625%), from €2,041 to €14,798
- Profit (loss) carried forward -€10,788
down €10,788 (-39.7%), from €27,144 to €16,356
- Accrued charges and deferred income -€10,619
down €10,619 (-100%), from €10,619 to €0
- Debts after one year -€9,287
down €9,287 (-70.3%), from €13,211 to €3,925
- Other debts +€7,887
up €7,887 (+34.0%), from €23,210 to €31,097
- Depreciation +€6,684
up €6,684 (+64.1%), from €10,435 to €17,119
- Staff costs -€4,537
down €4,537 (-100%), from €4,537 to €0
- Gross operating margin +€3,624
up €3,624 (+12.7%), from €28,593 to €32,218
- Other operating charges +€963
up €963 (+123%), from €782 to €1,745
- Taxes +€763
up €763 (+26.8%), from €2,844 to €3,607
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,763 | €102,926 | -€5,837 | -5.4% |
| Fixed assets | 21/28 | €39,182 | €23,823 | -€15,359 | -39.2% |
| Intangible fixed assets | 21 | €5,000 | €0 | -€5,000 | -100% |
| Tangible fixed assets | 22/27 | €33,822 | €23,463 | -€10,359 | -30.6% |
| Plant, machinery and equipment | 23 | €785 | €2,403 | +€1,618 | +206% |
| Furniture and vehicles | 24 | €33,037 | €21,060 | -€11,977 | -36.3% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €69,581 | €79,104 | +€9,523 | +13.7% |
| Amounts receivable within one year | 40/41 | €37,246 | €36,086 | -€1,160 | -3.1% |
| Trade receivables | 40 | €12,409 | €15,876 | +€3,467 | +27.9% |
| Other amounts receivable | 41 | €24,837 | €20,210 | -€4,627 | -18.6% |
| Cash at bank and in hand | 54/58 | €28,687 | €43,018 | +€14,330 | +50.0% |
| Deferred charges and accrued income | 490/1 | €3,648 | €0 | -€3,648 | -100% |
| Total equity and liabilities | 10/49 | €108,763 | €102,926 | -€5,837 | -5.4% |
| Equity | 10/15 | €47,604 | €36,816 | -€10,788 | -22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,144 | €16,356 | -€10,788 | -39.7% |
| Amounts payable | 17/49 | €61,159 | €66,111 | +€4,952 | +8.1% |
| Amounts payable after more than one year | 17 | €13,211 | €3,925 | -€9,287 | -70.3% |
| Financial debts | 170/4 | €13,211 | €3,925 | -€9,287 | -70.3% |
| Amounts payable within one year | 42/48 | €37,329 | €62,186 | +€24,857 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €9,102 | €9,287 | +€184 | +2.0% |
| Trade debts | 44 | €2,041 | €14,798 | +€12,757 | +625% |
| Suppliers | 440/4 | €2,041 | €14,798 | +€12,757 | +625% |
| Taxes, remuneration and social security | 45 | €2,976 | €7,004 | +€4,028 | +135% |
| Taxes | 450/3 | €2,105 | €7,004 | +€4,899 | +233% |
| Remuneration and social security | 454/9 | €871 | €0 | -€871 | -100% |
| Other amounts payable | 47/48 | €23,210 | €31,097 | +€7,887 | +34.0% |
| Accrued charges and deferred income | 492/3 | €10,619 | €0 | -€10,619 | -100% |
| Remuneration, social security and pensions | 62 | €4,537 | €0 | -€4,537 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,435 | €17,119 | +€6,684 | +64.1% |
| Other operating charges | 640/8 | €782 | €1,745 | +€963 | +123% |
| Gross operating margin | 9900 | €28,593 | €32,218 | +€3,624 | +12.7% |
| Operating profit (loss) | 9901 | €12,839 | €13,354 | +€515 | +4.0% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.7% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.7% |
| Financial charges | 65/66B | €2,714 | €2,242 | -€472 | -17.4% |
| Recurring financial charges | 65 | €2,714 | €2,242 | -€472 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €10,141 | €11,112 | +€971 | +9.6% |
| Income taxes | 67/77 | €2,844 | €3,607 | +€763 | +26.8% |
| Profit (loss) for the period | 9904 | €7,297 | €7,505 | +€207 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,297 | €7,505 | +€207 | +2.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.