GPS-BUDDY BELUX: 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.
GPS-BUDDY BELUX
Largest movements
- Receivables within one year -€69,298
down €69,298 (-36.2%), from €191,389 to €122,091
- Cash +€20,317
up €20,317 (+12.2%), from €166,332 to €186,649
mainly Receivables within one year (+€69,298) and Net result for the year (+€52,735)
- Tangible fixed assets +€10,852
up €10,852 (+93.4%), from €11,624 to €22,476
- Accrued charges and deferred income -€111,129
down €111,129 (-41.5%), from €267,504 to €156,376
- Reserves +€26,719
up €26,719 (+26.0%), from €102,615 to €129,334
- Profit (loss) carried forward +€26,016
no longer reported in 2025 (was -€26,016)
- Tax, wage and social debts +€11,032
up €11,032 (+155%), from €7,130 to €18,162
of which Taxes: +€6,080
- Trade debts +€8,286
up €8,286 (+423%), from €1,959 to €10,245
- Gross operating margin -€71,399
down €71,399 (-74.0%), from €96,549 to €25,150
- Write-downs -€62,047
down €62,047, from €4,917 to -€57,130
- Staff costs -€14,970
down €14,970 (-40.4%), from €37,051 to €22,081
- Taxes +€3,189
up €3,189 (+2,458%), from €130 to €3,318
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 | €371,792 | €332,716 | -€39,076 | -10.5% |
| Fixed assets | 21/28 | €13,124 | €23,976 | +€10,852 | +82.7% |
| Tangible fixed assets | 22/27 | €11,624 | €22,476 | +€10,852 | +93.4% |
| Furniture and vehicles | 24 | €11,624 | €22,476 | +€10,852 | +93.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €358,668 | €308,740 | -€49,928 | -13.9% |
| Amounts receivable within one year | 40/41 | €191,389 | €122,091 | -€69,298 | -36.2% |
| Trade receivables | 40 | €191,389 | €122,091 | -€69,298 | -36.2% |
| Cash at bank and in hand | 54/58 | €166,332 | €186,649 | +€20,317 | +12.2% |
| Deferred charges and accrued income | 490/1 | €947 | - | -€947 | |
| Total equity and liabilities | 10/49 | €371,792 | €332,716 | -€39,076 | -10.5% |
| Equity | 10/15 | €95,199 | €147,934 | +€52,735 | +55.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,615 | €129,334 | +€26,719 | +26.0% |
| Distributable reserves | 133 | €102,615 | €129,334 | +€26,719 | +26.0% |
| Profit (loss) carried forward | 14 | -€26,016 | - | +€26,016 | |
| Amounts payable | 17/49 | €276,593 | €184,782 | -€91,811 | -33.2% |
| Amounts payable within one year | 42/48 | €9,089 | €28,406 | +€19,318 | +213% |
| Trade debts | 44 | €1,959 | €10,245 | +€8,286 | +423% |
| Suppliers | 440/4 | €1,959 | €10,245 | +€8,286 | +423% |
| Taxes, remuneration and social security | 45 | €7,130 | €18,162 | +€11,032 | +155% |
| Taxes | 450/3 | €7,130 | €13,210 | +€6,080 | +85.3% |
| Remuneration and social security | 454/9 | - | €4,952 | +€4,952 | |
| Accrued charges and deferred income | 492/3 | €267,504 | €156,376 | -€111,129 | -41.5% |
| Remuneration, social security and pensions | 62 | €37,051 | €22,081 | -€14,970 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €2,785 | +€144 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,917 | -€57,130 | -€62,047 | |
| Other operating charges | 640/8 | €1,235 | €1,618 | +€384 | +31.1% |
| Gross operating margin | 9900 | €96,549 | €25,150 | -€71,399 | -74.0% |
| Operating profit (loss) | 9901 | €50,706 | €55,797 | +€5,091 | +10.0% |
| Financial income | 75/76B | - | €509 | +€509 | |
| Recurring financial income | 75 | - | €509 | +€509 | |
| Financial charges | 65/66B | €155 | €252 | +€97 | +62.8% |
| Recurring financial charges | 65 | €155 | €252 | +€97 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €50,551 | €56,053 | +€5,502 | +10.9% |
| Income taxes | 67/77 | €130 | €3,318 | +€3,189 | +2,458% |
| Profit (loss) for the period | 9904 | €50,421 | €52,735 | +€2,314 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,421 | €52,735 | +€2,314 | +4.6% |
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 30 October 2026 via checked.be.