GPSmed: 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.
GPSmed
Largest movements
- Receivables within one year +€99,688
up €99,688 (+286%), from €34,809 to €134,497
of which Other amounts receivable: +€102,552
- Tangible fixed assets -€57,007
down €57,007 (-16.7%), from €342,195 to €285,188
- Cash -€52,366
down €52,366 (-15.9%), from €329,509 to €277,143
mainly Other debts (-€532,733) and Receivables within one year (-€99,688)
- Other debts -€532,733
no longer reported in 2025 (was €532,733)
- Profit (loss) carried forward +€363,407
up €363,407 (+51,946%), from €700 to €364,107
- Tax, wage and social debts +€170,727
up €170,727 (+156%), from €109,164 to €279,891
of which Remuneration and social security: +€194,923
- Accrued charges and deferred income -€17,681
no longer reported in 2025 (was €17,681)
- Trade debts +€7,243
up €7,243 (+18.1%), from €40,117 to €47,361
- Gross operating margin -€575,370
down €575,370 (-33.0%), from €1.7m to €1.2m
- Taxes -€147,553
down €147,553 (-51.2%), from €288,164 to €140,611
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 | €720,855 | €711,818 | -€9,036 | -1.3% |
| Fixed assets | 21/28 | €345,245 | €288,238 | -€57,007 | -16.5% |
| Tangible fixed assets | 22/27 | €342,195 | €285,188 | -€57,007 | -16.7% |
| Land and buildings | 22 | €266,212 | €241,942 | -€24,270 | -9.1% |
| Plant, machinery and equipment | 23 | €4,808 | €3,380 | -€1,428 | -29.7% |
| Furniture and vehicles | 24 | €53,225 | €36,210 | -€17,015 | -32.0% |
| Leasing and similar rights | 25 | €17,950 | €3,656 | -€14,294 | -79.6% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €375,610 | €423,581 | +€47,970 | +12.8% |
| Amounts receivable within one year | 40/41 | €34,809 | €134,497 | +€99,688 | +286% |
| Trade receivables | 40 | €2,864 | - | -€2,864 | |
| Other amounts receivable | 41 | €31,945 | €134,497 | +€102,552 | +321% |
| Cash at bank and in hand | 54/58 | €329,509 | €277,143 | -€52,366 | -15.9% |
| Deferred charges and accrued income | 490/1 | €11,292 | €11,940 | +€648 | +5.7% |
| Total equity and liabilities | 10/49 | €720,855 | €711,818 | -€9,036 | -1.3% |
| Equity | 10/15 | €21,160 | €384,567 | +€363,407 | +1,717% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €700 | €364,107 | +€363,407 | +51,946% |
| Amounts payable | 17/49 | €699,695 | €327,252 | -€372,443 | -53.2% |
| Amounts payable within one year | 42/48 | €682,014 | €327,252 | -€354,762 | -52.0% |
| Trade debts | 44 | €40,117 | €47,361 | +€7,243 | +18.1% |
| Suppliers | 440/4 | €40,117 | €47,361 | +€7,243 | +18.1% |
| Taxes, remuneration and social security | 45 | €109,164 | €279,891 | +€170,727 | +156% |
| Taxes | 450/3 | €36,447 | €12,252 | -€24,196 | -66.4% |
| Remuneration and social security | 454/9 | €72,716 | €267,640 | +€194,923 | +268% |
| Other amounts payable | 47/48 | €532,733 | - | -€532,733 | |
| Accrued charges and deferred income | 492/3 | €17,681 | - | -€17,681 | |
| Remuneration, social security and pensions | 62 | €586,790 | €602,724 | +€15,933 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,519 | €57,007 | -€512 | -0.9% |
| Other operating charges | 640/8 | €3,209 | €3,009 | -€201 | -6.2% |
| Gross operating margin | 9900 | €1,743,983 | €1,168,613 | -€575,370 | -33.0% |
| Operating profit (loss) | 9901 | €1,096,464 | €505,874 | -€590,591 | -53.9% |
| Financial income | 75/76B | €424 | €362 | -€63 | -14.7% |
| Recurring financial income | 75 | €424 | €362 | -€63 | -14.7% |
| Financial charges | 65/66B | €989 | €2,217 | +€1,229 | +124% |
| Recurring financial charges | 65 | €989 | €2,217 | +€1,229 | +124% |
| Profit (loss) for the period before taxes | 9903 | €1,095,900 | €504,018 | -€591,882 | -54.0% |
| Income taxes | 67/77 | €288,164 | €140,611 | -€147,553 | -51.2% |
| Profit (loss) for the period | 9904 | €807,736 | €363,407 | -€444,329 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €807,736 | €363,407 | -€444,329 | -55.0% |
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 14 October 2026 via checked.be.