GUPAT: what changed
Two fiscal 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.
GUPAT
Largest movements
- Cash +€44,773
up €44,773 (+120.5%), from €37,143 to €81,916
mainly Net result for the year (+€40,749) and Tax, wage and social debts (+€3,694)
- Reserves +€40,740
up €40,740 (+11.0%), from €369,000 to €409,740
of which Distributable reserves: +€40,740
- Financial income +€1,584
up €1,584 (+9.8%), from €16,232 to €17,816
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 | €519,090 | €563,533 | +€44,443 | +8.6% |
| Fixed assets | 21/28 | €21,563 | €21,563 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,563 | €21,563 | = | 0.0% |
| Land and buildings | 22 | €21,563 | €21,563 | = | 0.0% |
| Current assets | 29/58 | €497,528 | €541,971 | +€44,443 | +8.9% |
| Amounts receivable within one year | 40/41 | €460,385 | €460,055 | -€330 | -0.1% |
| Other amounts receivable | 41 | €460,385 | €460,055 | -€330 | -0.1% |
| Cash at bank and in hand | 54/58 | €37,143 | €81,916 | +€44,773 | +120.5% |
| Total equity and liabilities | 10/49 | €519,090 | €563,533 | +€44,443 | +8.6% |
| Equity | 10/15 | €512,690 | €553,439 | +€40,749 | +7.9% |
| Contributions | 10/11 | €62,036 | €62,036 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €36 | €36 | = | 0.0% |
| Share premium | 1100/10 | €36 | €36 | = | 0.0% |
| Revaluation surpluses | 12 | €77,603 | €77,603 | = | 0.0% |
| Reserves | 13 | €369,000 | €409,740 | +€40,740 | +11.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €362,800 | €403,540 | +€40,740 | +11.2% |
| Profit (loss) carried forward | 14 | €4,051 | €4,060 | +€9 | +0.2% |
| Amounts payable | 17/49 | €6,400 | €10,094 | +€3,694 | +57.7% |
| Amounts payable within one year | 42/48 | €6,400 | €10,094 | +€3,694 | +57.7% |
| Trade debts | 44 | €2,500 | €2,500 | = | 0.0% |
| Suppliers | 440/4 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,900 | €7,594 | +€3,694 | +94.7% |
| Taxes | 450/3 | €3,900 | €7,594 | +€3,694 | +94.7% |
| Other operating charges | 640/8 | €11,999 | €12,329 | +€330 | +2.7% |
| Gross operating margin | 9900 | €54,318 | €54,331 | +€12 | 0.0% |
| Operating profit (loss) | 9901 | €42,319 | €42,002 | -€317 | -0.8% |
| Financial income | 75/76B | €16,232 | €17,816 | +€1,584 | +9.8% |
| Recurring financial income | 75 | €16,232 | €17,816 | +€1,584 | +9.8% |
| Financial charges | 65/66B | €71 | €45 | -€26 | -36.6% |
| Recurring financial charges | 65 | €71 | €45 | -€26 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €58,480 | €59,773 | +€1,293 | +2.2% |
| Income taxes | 67/77 | €18,520 | €19,024 | +€504 | +2.7% |
| Profit (loss) for the period | 9904 | €39,960 | €40,749 | +€789 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,960 | €40,749 | +€789 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.