GPRM: 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.
GPRM
Largest movements
- Financial fixed assets -€2.6m
down €2.6m (-100.0%), from €2.6m to €0
- Current investments +€500,000
new in 2025: €500,000
- Tangible fixed assets -€117,198
down €117,198 (-3.6%), from €3.3m to €3.1m
of which Land and buildings: -€106,434
- Debts after one year -€1.6m
down €1.6m (-44.1%), from €3.7m to €2.1m
of which Other amounts payable: -€1.5m
- Profit (loss) carried forward -€440,842
down €440,842 (-147.2%), from -€299,470 to -€740,313
- Contributions -€127,731
down €127,731 (-5.1%), from €2.5m to €2.4m
- Financial charges +€269,273
up €269,273 (+189.2%), from €142,346 to €411,619
of which Non-recurring financial charges: +€388,041
- Depreciation -€66,675
down €66,675 (-35.4%), from €188,368 to €121,693
- Gross operating margin -€13,160
down €13,160 (-25.5%), from €51,705 to €38,545
- Financial income -€10,049
down €10,049 (-11.8%), from €85,342 to €75,293
- Other operating charges +€5,548
up €5,548 (+37.8%), from €14,680 to €20,228
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 | €6,065,987 | €3,841,933 | -€2.2m | -36.7% |
| Fixed assets | 21/28 | €5,897,374 | €3,139,320 | -€2.8m | -46.8% |
| Tangible fixed assets | 22/27 | €3,256,518 | €3,139,320 | -€117,198 | -3.6% |
| Land and buildings | 22 | €3,153,471 | €3,047,037 | -€106,434 | -3.4% |
| Plant, machinery and equipment | 23 | €22,168 | €19,935 | -€2,233 | -10.1% |
| Furniture and vehicles | 24 | €80,879 | €72,349 | -€8,531 | -10.5% |
| Financial fixed assets | 28 | €2,640,856 | €0 | -€2.6m | -100.0% |
| Current assets | 29/58 | €168,612 | €702,612 | +€534,000 | +316.7% |
| Amounts receivable within one year | 40/41 | €108,349 | €106,670 | -€1,679 | -1.5% |
| Trade receivables | 40 | €1,648 | €14,395 | +€12,747 | +773.6% |
| Other amounts receivable | 41 | €106,701 | €92,275 | -€14,426 | -13.5% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €57,130 | €92,321 | +€35,191 | +61.6% |
| Deferred charges and accrued income | 490/1 | €3,133 | €3,622 | +€489 | +15.6% |
| Total equity and liabilities | 10/49 | €6,065,987 | €3,841,933 | -€2.2m | -36.7% |
| Equity | 10/15 | €2,201,755 | €1,637,825 | -€563,930 | -25.6% |
| Contributions | 10/11 | €2,501,225 | €2,373,494 | -€127,731 | -5.1% |
| Reserves | 13 | - | €4,643 | +€4,643 | |
| Distributable reserves | 133 | - | €4,643 | +€4,643 | |
| Profit (loss) carried forward | 14 | -€299,470 | -€740,313 | -€440,842 | -147.2% |
| Amounts payable | 17/49 | €3,864,232 | €2,204,108 | -€1.7m | -43.0% |
| Amounts payable after more than one year | 17 | €3,715,047 | €2,076,037 | -€1.6m | -44.1% |
| Financial debts | 170/4 | €1,036,887 | €902,872 | -€134,015 | -12.9% |
| Other amounts payable | 178/9 | €2,678,160 | €1,173,165 | -€1.5m | -56.2% |
| Amounts payable within one year | 42/48 | €131,710 | €110,138 | -€21,572 | -16.4% |
| Financial debts | 43 | €22,381 | €24,932 | +€2,552 | +11.4% |
| Credit institutions | 430/8 | €22,381 | €24,932 | +€2,552 | +11.4% |
| Trade debts | 44 | €23,225 | €66,439 | +€43,214 | +186.1% |
| Suppliers | 440/4 | €23,225 | €66,439 | +€43,214 | +186.1% |
| Advances received on contracts in progress | 46 | €3,286 | €3,286 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,684 | €13,228 | -€7,456 | -36.0% |
| Taxes | 450/3 | €9,272 | €8,385 | -€887 | -9.6% |
| Remuneration and social security | 454/9 | €11,412 | €4,843 | -€6,569 | -57.6% |
| Other amounts payable | 47/48 | €62,135 | €2,254 | -€59,881 | -96.4% |
| Accrued charges and deferred income | 492/3 | €17,475 | €17,933 | +€458 | +2.6% |
| Non-recurring operating income | 76A | €3,201 | €354 | -€2,847 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,368 | €121,693 | -€66,675 | -35.4% |
| Other operating charges | 640/8 | €14,680 | €20,228 | +€5,548 | +37.8% |
| Non-recurring operating charges | 66A | €208 | €1,140 | +€932 | +448.1% |
| Gross operating margin | 9900 | €51,705 | €38,545 | -€13,160 | -25.5% |
| Operating profit (loss) | 9901 | -€151,551 | -€104,516 | +€47,035 | +31.0% |
| Financial income | 75/76B | €85,342 | €75,293 | -€10,049 | -11.8% |
| Recurring financial income | 75 | €85,342 | €75,293 | -€10,049 | -11.8% |
| Financial charges | 65/66B | €142,346 | €411,619 | +€269,273 | +189.2% |
| Recurring financial charges | 65 | €142,346 | €23,578 | -€118,768 | -83.4% |
| Non-recurring financial charges | 66B | - | €388,041 | +€388,041 | |
| Profit (loss) for the period before taxes | 9903 | -€208,555 | -€440,842 | -€232,288 | -111.4% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€208,555 | -€440,842 | -€232,288 | -111.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€208,555 | -€440,842 | -€232,288 | -111.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.