GULPIRES: 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.
GULPIRES
Largest movements
- Cash +€11,210
up €11,210 (+21.2%), from €52,924 to €64,134
mainly Net result for the year (+€11,385) and Receivables within one year (+€108)
- Reserves +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Profit (loss) carried forward +€1,385
up €1,385 (+20.8%), from €6,663 to €8,047
- Gross operating margin -€9,338
down €9,338 (-37.4%), from €24,967 to €15,629
- Taxes -€1,528
down €1,528 (-29.6%), from €5,158 to €3,630
- Other operating charges +€539
new in 2025: €539
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 | €72,277 | €83,378 | +€11,101 | +15.4% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €72,217 | €83,318 | +€11,101 | +15.4% |
| Amounts receivable within one year | 40/41 | €19,293 | €19,185 | -€108 | -0.6% |
| Trade receivables | 40 | €5,354 | €90 | -€5,264 | -98.3% |
| Other amounts receivable | 41 | €13,938 | €19,094 | +€5,156 | +37.0% |
| Cash at bank and in hand | 54/58 | €52,924 | €64,134 | +€11,210 | +21.2% |
| Total equity and liabilities | 10/49 | €72,277 | €83,378 | +€11,101 | +15.4% |
| Equity | 10/15 | €59,163 | €70,547 | +€11,385 | +19.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Distributable reserves | 133 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Profit (loss) carried forward | 14 | €6,663 | €8,047 | +€1,385 | +20.8% |
| Amounts payable | 17/49 | €13,114 | €12,831 | -€283 | -2.2% |
| Amounts payable within one year | 42/48 | €13,114 | €12,831 | -€283 | -2.2% |
| Trade debts | 44 | €616 | €416 | -€201 | -32.5% |
| Suppliers | 440/4 | €616 | €416 | -€201 | -32.5% |
| Taxes, remuneration and social security | 45 | €12,498 | €12,415 | -€83 | -0.7% |
| Taxes | 450/3 | €12,498 | €12,415 | -€83 | -0.7% |
| Other operating charges | 640/8 | - | €539 | +€539 | |
| Gross operating margin | 9900 | €24,967 | €15,629 | -€9,338 | -37.4% |
| Operating profit (loss) | 9901 | €24,967 | €15,090 | -€9,877 | -39.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €24,893 | €15,015 | -€9,879 | -39.7% |
| Income taxes | 67/77 | €5,158 | €3,630 | -€1,528 | -29.6% |
| Profit (loss) for the period | 9904 | €19,736 | €11,385 | -€8,351 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,736 | €11,385 | -€8,351 | -42.3% |
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 11 October 2026 via checked.be.