GPV-i.e: 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.
GPV-i.e
Largest movements
- Receivables within one year -€53,085
no longer reported in 2025 (was €53,085)
of which Trade receivables: -€28,494
- Cash +€19,953
up €19,953 (+12.1%), from €165,431 to €185,384
mainly Receivables within one year (+€53,085) and Net result for the year (+€19,942)
- Receivables after one year +€16,910
new in 2025: €16,910
- Tangible fixed assets -€5,338
down €5,338 (-2.6%), from €208,513 to €203,175
of which Land and buildings: -€5,338
- Debts after one year -€9,900
down €9,900 (-5.5%), from €178,941 to €169,042
- Tax, wage and social debts -€8,408
down €8,408 (-14.4%), from €58,314 to €49,905
of which Taxes: -€7,911
- Other debts -€8,220
down €8,220 (-34.5%), from €23,800 to €15,580
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Trade debts -€5,760
down €5,760 (-25.8%), from €22,366 to €16,606
- Gross operating margin -€165,221
down €165,221 (-78.1%), from €211,440 to €46,219
- Depreciation -€30,211
down €30,211 (-80.8%), from €37,387 to €7,177
- Write-downs -€27,286
no longer reported in 2025 (was €27,286)
- Taxes -€24,166
down €24,166 (-78.4%), from €30,840 to €6,674
- Staff costs -€8,755
down €8,755 (-75.5%), from €11,592 to €2,837
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 | €433,686 | €408,513 | -€25,174 | -5.8% |
| Fixed assets | 21/28 | €208,513 | €203,175 | -€5,338 | -2.6% |
| Tangible fixed assets | 22/27 | €208,513 | €203,175 | -€5,338 | -2.6% |
| Land and buildings | 22 | €208,513 | €203,175 | -€5,338 | -2.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €225,174 | €205,338 | -€19,836 | -8.8% |
| Amounts receivable after more than one year | 29 | - | €16,910 | +€16,910 | |
| Other amounts receivable | 291 | - | €16,910 | +€16,910 | |
| Amounts receivable within one year | 40/41 | €53,085 | - | -€53,085 | |
| Trade receivables | 40 | €28,494 | - | -€28,494 | |
| Other amounts receivable | 41 | €24,591 | - | -€24,591 | |
| Cash at bank and in hand | 54/58 | €165,431 | €185,384 | +€19,953 | +12.1% |
| Deferred charges and accrued income | 490/1 | €6,657 | €3,044 | -€3,613 | -54.3% |
| Total equity and liabilities | 10/49 | €433,686 | €408,513 | -€25,174 | -5.8% |
| Equity | 10/15 | €140,338 | €147,480 | +€7,142 | +5.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,078 | €127,020 | +€942 | +0.7% |
| Amounts payable | 17/49 | €293,348 | €261,033 | -€32,315 | -11.0% |
| Amounts payable after more than one year | 17 | €178,941 | €169,042 | -€9,900 | -5.5% |
| Financial debts | 170/4 | €178,941 | €169,042 | -€9,900 | -5.5% |
| Amounts payable within one year | 42/48 | €114,407 | €91,991 | -€22,416 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €9,927 | €9,900 | -€28 | -0.3% |
| Trade debts | 44 | €22,366 | €16,606 | -€5,760 | -25.8% |
| Suppliers | 440/4 | €22,366 | €16,606 | -€5,760 | -25.8% |
| Taxes, remuneration and social security | 45 | €58,314 | €49,905 | -€8,408 | -14.4% |
| Taxes | 450/3 | €57,817 | €49,905 | -€7,911 | -13.7% |
| Remuneration and social security | 454/9 | €497 | - | -€497 | |
| Other amounts payable | 47/48 | €23,800 | €15,580 | -€8,220 | -34.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,592 | €2,837 | -€8,755 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,387 | €7,177 | -€30,211 | -80.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,286 | - | -€27,286 | |
| Other operating charges | 640/8 | €1,114 | €2,444 | +€1,330 | +119% |
| Gross operating margin | 9900 | €211,440 | €46,219 | -€165,221 | -78.1% |
| Operating profit (loss) | 9901 | €134,061 | €33,761 | -€100,300 | -74.8% |
| Financial income | 75/76B | €1,041 | €2,579 | +€1,537 | +148% |
| Recurring financial income | 75 | €1,041 | €2,579 | +€1,537 | +148% |
| Financial charges | 65/66B | €3,294 | €9,724 | +€6,430 | +195% |
| Recurring financial charges | 65 | €3,294 | €9,724 | +€6,430 | +195% |
| Profit (loss) for the period before taxes | 9903 | €131,808 | €26,616 | -€105,192 | -79.8% |
| Income taxes | 67/77 | €30,840 | €6,674 | -€24,166 | -78.4% |
| Profit (loss) for the period | 9904 | €100,968 | €19,942 | -€81,026 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,968 | €19,942 | -€81,026 | -80.2% |
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 16 October 2026 via checked.be.