GPS DISTRI: 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 DISTRI
Largest movements
- Stocks and contracts -€113,118
down €113,118 (-100%), from €113,118 to €0
- Cash +€42,171
up €42,171 (+186%), from €22,626 to €64,797
mainly Stocks and contracts (+€113,118) and Other debts (+€104,064)
- Tangible fixed assets -€28,417
down €28,417 (-7.7%), from €369,682 to €341,266
of which Land and buildings: -€16,348
- Profit (loss) carried forward -€157,422
down €157,422 (-50.7%), from €310,737 to €153,316
- Other debts +€104,064
up €104,064 (+432%), from €24,114 to €128,179
- Debts after one year -€45,834
down €45,834 (-37.8%), from €121,236 to €75,402
- Tax, wage and social debts +€18,387
up €18,387 (+201%), from €9,138 to €27,525
- Current portion of long-term debt -€14,220
down €14,220 (-23.7%), from €60,054 to €45,834
- Gross operating margin -€80,012
down €80,012 (-68.8%), from €116,213 to €36,200
- Taxes -€15,687
down €15,687 (-77.6%), from €20,215 to €4,528
- Other operating charges -€6,094
down €6,094 (-50.4%), from €12,080 to €5,986
- Financial charges -€3,109
down €3,109 (-39.8%), from €7,801 to €4,692
- Depreciation -€1,254
down €1,254 (-4.2%), from €29,671 to €28,417
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 | €554,072 | €458,590 | -€95,482 | -17.2% |
| Fixed assets | 21/28 | €369,682 | €341,266 | -€28,417 | -7.7% |
| Tangible fixed assets | 22/27 | €369,682 | €341,266 | -€28,417 | -7.7% |
| Land and buildings | 22 | €341,310 | €324,962 | -€16,348 | -4.8% |
| Plant, machinery and equipment | 23 | €589 | €0 | -€589 | -100% |
| Furniture and vehicles | 24 | €27,783 | €16,303 | -€11,480 | -41.3% |
| Current assets | 29/58 | €184,389 | €117,324 | -€67,065 | -36.4% |
| Stocks and contracts in progress | 3 | €113,118 | €0 | -€113,118 | -100% |
| Stocks | 30/36 | €113,118 | €0 | -€113,118 | -100% |
| Amounts receivable within one year | 40/41 | €48,366 | €51,729 | +€3,362 | +7.0% |
| Trade receivables | 40 | €38,220 | €42,467 | +€4,248 | +11.1% |
| Other amounts receivable | 41 | €10,147 | €9,261 | -€885 | -8.7% |
| Cash at bank and in hand | 54/58 | €22,626 | €64,797 | +€42,171 | +186% |
| Deferred charges and accrued income | 490/1 | €279 | €798 | +€520 | +186% |
| Total equity and liabilities | 10/49 | €554,072 | €458,590 | -€95,482 | -17.2% |
| Equity | 10/15 | €316,937 | €171,916 | -€145,022 | -45.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | €310,737 | €153,316 | -€157,422 | -50.7% |
| Amounts payable | 17/49 | €237,134 | €286,674 | +€49,539 | +20.9% |
| Amounts payable after more than one year | 17 | €121,236 | €75,402 | -€45,834 | -37.8% |
| Financial debts | 170/4 | €121,236 | €75,402 | -€45,834 | -37.8% |
| Amounts payable within one year | 42/48 | €113,498 | €209,261 | +€95,763 | +84.4% |
| Current portion of amounts payable after more than one year | 42 | €60,054 | €45,834 | -€14,220 | -23.7% |
| Financial debts | 43 | €7,438 | €4,042 | -€3,396 | -45.7% |
| Credit institutions | 430/8 | €7,438 | €4,042 | -€3,396 | -45.7% |
| Trade debts | 44 | €12,754 | €3,681 | -€9,073 | -71.1% |
| Suppliers | 440/4 | €12,754 | €3,681 | -€9,073 | -71.1% |
| Taxes, remuneration and social security | 45 | €9,138 | €27,525 | +€18,387 | +201% |
| Taxes | 450/3 | €9,138 | €27,525 | +€18,387 | +201% |
| Other amounts payable | 47/48 | €24,114 | €128,179 | +€104,064 | +432% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,011 | -€389 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,671 | €28,417 | -€1,254 | -4.2% |
| Other operating charges | 640/8 | €12,080 | €5,986 | -€6,094 | -50.4% |
| Gross operating margin | 9900 | €116,213 | €36,200 | -€80,012 | -68.8% |
| Operating profit (loss) | 9901 | €74,462 | €1,798 | -€72,664 | -97.6% |
| Financial income | 75/76B | €303 | €1 | -€302 | -99.7% |
| Recurring financial income | 75 | €303 | €1 | -€302 | -99.7% |
| Financial charges | 65/66B | €7,801 | €4,692 | -€3,109 | -39.8% |
| Recurring financial charges | 65 | €7,801 | €4,692 | -€3,109 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €66,964 | -€2,894 | -€69,858 | |
| Income taxes | 67/77 | €20,215 | €4,528 | -€15,687 | -77.6% |
| Profit (loss) for the period | 9904 | €46,749 | -€7,422 | -€54,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,749 | -€7,422 | -€54,170 |
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 19 October 2026 via checked.be.