GPS LINE: 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 LINE
Largest movements
- Cash -€58,159
down €58,159 (-70.4%), from €82,666 to €24,506
mainly Receivables within one year (-€29,833) and Accrued charges and deferred income (-€14,341)
- Receivables within one year +€29,833
up €29,833 (+41.1%), from €72,501 to €102,334
of which Other amounts receivable: +€29,833
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€40,856
up €40,856, from -€33,095 to €7,761
- Gross operating margin +€10,463
up €10,463 (+11.3%), from -€92,557 to -€82,094
- Financial income +€6,003
up €6,003 (+6.3%), from €94,780 to €100,783
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 | €2,847,074 | €2,822,960 | -€24,113 | -0.8% |
| Fixed assets | 21/28 | €3,873 | €4,118 | +€245 | +6.3% |
| Tangible fixed assets | 22/27 | €3,708 | €3,952 | +€245 | +6.6% |
| Furniture and vehicles | 24 | €3,708 | €3,952 | +€245 | +6.6% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €2,843,200 | €2,818,842 | -€24,358 | -0.9% |
| Amounts receivable after more than one year | 29 | €1,995,000 | €1,995,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,995,000 | €1,995,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,501 | €102,334 | +€29,833 | +41.1% |
| Trade receivables | 40 | €9,132 | €9,132 | = | 0.0% |
| Other amounts receivable | 41 | €63,369 | €93,202 | +€29,833 | +47.1% |
| Current investments | 50/53 | €673,774 | €674,095 | +€321 | 0.0% |
| Cash at bank and in hand | 54/58 | €82,666 | €24,506 | -€58,159 | -70.4% |
| Deferred charges and accrued income | 490/1 | €19,260 | €22,906 | +€3,647 | +18.9% |
| Total equity and liabilities | 10/49 | €2,847,074 | €2,822,960 | -€24,113 | -0.8% |
| Equity | 10/15 | €2,807,086 | €2,805,180 | -€1,906 | -0.1% |
| Contributions | 10/11 | €84,500 | €84,500 | = | 0.0% |
| Reserves | 13 | €2,638,939 | €2,638,939 | = | 0.0% |
| Distributable reserves | 133 | €2,638,939 | €2,638,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,646 | €81,740 | -€1,906 | -2.3% |
| Amounts payable | 17/49 | €39,988 | €17,780 | -€22,208 | -55.5% |
| Amounts payable within one year | 42/48 | €24,480 | €16,614 | -€7,866 | -32.1% |
| Trade debts | 44 | €17,984 | €12,464 | -€5,520 | -30.7% |
| Suppliers | 440/4 | €17,984 | €12,464 | -€5,520 | -30.7% |
| Taxes, remuneration and social security | 45 | €6,496 | €4,150 | -€2,346 | -36.1% |
| Taxes | 450/3 | €6,496 | €4,150 | -€2,346 | -36.1% |
| Accrued charges and deferred income | 492/3 | €15,508 | €1,167 | -€14,341 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €1,384 | +€327 | +30.9% |
| Other operating charges | 640/8 | €3,103 | €2,853 | -€250 | -8.0% |
| Gross operating margin | 9900 | -€92,557 | -€82,094 | +€10,463 | +11.3% |
| Operating profit (loss) | 9901 | -€96,717 | -€86,331 | +€10,386 | +10.7% |
| Financial income | 75/76B | €94,780 | €100,783 | +€6,003 | +6.3% |
| Recurring financial income | 75 | €94,780 | €100,783 | +€6,003 | +6.3% |
| Financial charges | 65/66B | -€33,095 | €7,761 | +€40,856 | |
| Recurring financial charges | 65 | -€33,095 | €7,761 | +€40,856 | |
| Profit (loss) for the period before taxes | 9903 | €31,158 | €6,691 | -€24,467 | -78.5% |
| Income taxes | 67/77 | €9,522 | €8,597 | -€925 | -9.7% |
| Profit (loss) for the period | 9904 | €21,636 | -€1,906 | -€23,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,636 | -€1,906 | -€23,542 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.