GPT: 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.
GPT
Largest movements
- Receivables within one year +€14,737
up €14,737 (+20.9%), from €70,671 to €85,408
of which Trade receivables: +€10,761
- Cash -€12,601
down €12,601 (-86.4%), from €14,592 to €1,991
mainly Receivables within one year (-€14,737) and Tax, wage and social debts (-€11,924)
- Trade debts +€14,224
up €14,224 (+118.6%), from €11,991 to €26,215
- Tax, wage and social debts -€11,924
no longer reported in 2025 (was €11,924)
of which Taxes: -€7,424
- Profit (loss) carried forward -€1,544
down €1,544 (-11.5%), from €13,382 to €11,838
- Gross operating margin +€9,416
up €9,416, from -€7,397 to €2,020
- Financial charges -€1,838
down €1,838 (-43.0%), from €4,274 to €2,436
- Write-downs -€1,280
no longer reported in 2025 (was €1,280)
- Other operating charges -€676
down €676 (-52.7%), from €1,282 to €606
- Taxes -€140
no longer reported in 2025 (was €140)
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 | €86,609 | €88,216 | +€1,608 | +1.9% |
| Fixed assets | 21/28 | €1,346 | €818 | -€528 | -39.3% |
| Tangible fixed assets | 22/27 | €1,181 | €653 | -€528 | -44.7% |
| Furniture and vehicles | 24 | €1,181 | €653 | -€528 | -44.7% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €85,263 | €87,399 | +€2,136 | +2.5% |
| Amounts receivable within one year | 40/41 | €70,671 | €85,408 | +€14,737 | +20.9% |
| Trade receivables | 40 | €68,378 | €79,139 | +€10,761 | +15.7% |
| Other amounts receivable | 41 | €2,293 | €6,269 | +€3,976 | +173.4% |
| Cash at bank and in hand | 54/58 | €14,592 | €1,991 | -€12,601 | -86.4% |
| Total equity and liabilities | 10/49 | €86,609 | €88,216 | +€1,608 | +1.9% |
| Equity | 10/15 | €59,582 | €58,038 | -€1,544 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,382 | €11,838 | -€1,544 | -11.5% |
| Amounts payable | 17/49 | €27,027 | €30,178 | +€3,151 | +11.7% |
| Amounts payable within one year | 42/48 | €27,027 | €30,178 | +€3,151 | +11.7% |
| Trade debts | 44 | €11,991 | €26,215 | +€14,224 | +118.6% |
| Suppliers | 440/4 | €11,991 | €26,215 | +€14,224 | +118.6% |
| Taxes, remuneration and social security | 45 | €11,924 | - | -€11,924 | |
| Taxes | 450/3 | €7,424 | - | -€7,424 | |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €3,111 | €3,963 | +€851 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €528 | +€124 | +30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,280 | - | -€1,280 | |
| Other operating charges | 640/8 | €1,282 | €606 | -€676 | -52.7% |
| Gross operating margin | 9900 | -€7,397 | €2,020 | +€9,416 | |
| Operating profit (loss) | 9901 | -€10,363 | €885 | +€11,248 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €4,274 | €2,436 | -€1,838 | -43.0% |
| Recurring financial charges | 65 | €4,274 | €2,436 | -€1,838 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,637 | -€1,544 | +€13,093 | +89.5% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | -€14,776 | -€1,544 | +€13,233 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,776 | -€1,544 | +€13,233 | +89.6% |
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 12 October 2026 via checked.be.