GU@PA: 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.
GU@PA
Largest movements
- Cash +€71,253
up €71,253 (+3,694%), from €1,929 to €73,182
mainly Net result for the year (+€82,978) and Depreciation (+€59,692)
- Tangible fixed assets -€46,793
down €46,793 (-3.8%), from €1.2m to €1.2m
of which Land and buildings: -€52,757
- Reserves +€81,378
up €81,378 (+40.6%), from €200,283 to €281,661
- Debts after one year -€59,180
down €59,180 (-7.4%), from €799,319 to €740,139
- Tax, wage and social debts +€47,626
up €47,626 (+117%), from €40,761 to €88,387
- Short-term financial debts -€26,025
down €26,025 (-69.4%), from €37,493 to €11,468
- Trade debts -€21,868
no longer reported in 2024 (was €21,868)
- Gross operating margin +€92,109
up €92,109 (+69.0%), from €133,457 to €225,566
- Financial charges +€19,765
up €19,765 (+95.7%), from €20,657 to €40,423
- Taxes +€10,125
up €10,125 (+35.2%), from €28,774 to €38,899
- Depreciation +€3,675
up €3,675 (+6.6%), from €56,017 to €59,692
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,279,905 | €1,299,283 | +€19,378 | +1.5% |
| Fixed assets | 21/28 | €1,221,948 | €1,175,155 | -€46,793 | -3.8% |
| Tangible fixed assets | 22/27 | €1,217,348 | €1,170,555 | -€46,793 | -3.8% |
| Land and buildings | 22 | €1,204,954 | €1,152,197 | -€52,757 | -4.4% |
| Plant, machinery and equipment | 23 | €1,896 | €1,356 | -€540 | -28.5% |
| Furniture and vehicles | 24 | €4,048 | €10,552 | +€6,504 | +161% |
| Other tangible fixed assets | 26 | €6,450 | €6,450 | = | 0.0% |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €57,957 | €124,128 | +€66,171 | +114% |
| Amounts receivable within one year | 40/41 | €52,164 | €44,511 | -€7,654 | -14.7% |
| Trade receivables | 40 | €34,461 | €31,437 | -€3,024 | -8.8% |
| Other amounts receivable | 41 | €17,704 | €13,074 | -€4,630 | -26.2% |
| Cash at bank and in hand | 54/58 | €1,929 | €73,182 | +€71,253 | +3,694% |
| Deferred charges and accrued income | 490/1 | €3,864 | €6,435 | +€2,571 | +66.5% |
| Total equity and liabilities | 10/49 | €1,279,905 | €1,299,283 | +€19,378 | +1.5% |
| Equity | 10/15 | €218,883 | €300,261 | +€81,378 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,283 | €281,661 | +€81,378 | +40.6% |
| Distributable reserves | 133 | €200,283 | €281,661 | +€81,378 | +40.6% |
| Amounts payable | 17/49 | €1,061,022 | €999,022 | -€62,000 | -5.8% |
| Amounts payable after more than one year | 17 | €799,319 | €740,139 | -€59,180 | -7.4% |
| Financial debts | 170/4 | €799,319 | €740,139 | -€59,180 | -7.4% |
| Amounts payable within one year | 42/48 | €243,758 | €253,848 | +€10,090 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €57,308 | €59,180 | +€1,872 | +3.3% |
| Financial debts | 43 | €37,493 | €11,468 | -€26,025 | -69.4% |
| Credit institutions | 430/8 | €37,493 | €11,468 | -€26,025 | -69.4% |
| Trade debts | 44 | €21,868 | - | -€21,868 | |
| Suppliers | 440/4 | €21,868 | - | -€21,868 | |
| Taxes, remuneration and social security | 45 | €40,761 | €88,387 | +€47,626 | +117% |
| Taxes | 450/3 | €40,761 | €88,387 | +€47,626 | +117% |
| Other amounts payable | 47/48 | €86,328 | €94,813 | +€8,484 | +9.8% |
| Accrued charges and deferred income | 492/3 | €17,944 | €5,034 | -€12,910 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,017 | €59,692 | +€3,675 | +6.6% |
| Other operating charges | 640/8 | €5,049 | €3,574 | -€1,475 | -29.2% |
| Gross operating margin | 9900 | €133,457 | €225,566 | +€92,109 | +69.0% |
| Operating profit (loss) | 9901 | €72,391 | €162,300 | +€89,909 | +124% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €20,657 | €40,423 | +€19,765 | +95.7% |
| Recurring financial charges | 65 | €20,657 | €40,423 | +€19,765 | +95.7% |
| Profit (loss) for the period before taxes | 9903 | €51,734 | €121,877 | +€70,143 | +136% |
| Income taxes | 67/77 | €28,774 | €38,899 | +€10,125 | +35.2% |
| Profit (loss) for the period | 9904 | €22,959 | €82,978 | +€60,018 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €22,959 | €82,978 | +€60,018 | +261% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.