GURPAL: 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.
GURPAL
Largest movements
- Cash +€14,845
up €14,845 (+97.7%), from €15,198 to €30,043
mainly Net result for the year (+€19,109) and Trade debts (+€11,784)
- Receivables within one year +€2,008
up €2,008 (+89.9%), from €2,234 to €4,242
- Trade debts +€11,784
up €11,784 (+71.5%), from €16,488 to €28,272
- Profit (loss) carried forward +€9,109
up €9,109 (+13.8%), from €65,907 to €75,016
- Other debts -€5,295
down €5,295 (-34.1%), from €15,547 to €10,252
- Staff costs +€6,410
new in 2025: €6,410
- Gross operating margin +€2,445
up €2,445 (+7.3%), from €33,411 to €35,856
- Other operating charges -€1,012
down €1,012 (-15.7%), from €6,433 to €5,421
- Taxes -€597
down €597 (-18.4%), from €3,250 to €2,653
- Financial charges +€474
up €474, from -€342 to €132
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 | €137,542 | €153,348 | +€15,806 | +11.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,328 | €1,095 | -€1,233 | -53.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,328 | €1,095 | -€1,233 | -53.0% |
| Plant, machinery and equipment | 23 | €523 | €956 | +€433 | +83.0% |
| Furniture and vehicles | 24 | €1,806 | €139 | -€1,667 | -92.3% |
| Current assets | 29/58 | €135,214 | €152,253 | +€17,039 | +12.6% |
| Stocks and contracts in progress | 3 | €117,782 | €117,782 | = | 0.0% |
| Stocks | 30/36 | €117,782 | €117,782 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,234 | €4,242 | +€2,008 | +89.9% |
| Other amounts receivable | 41 | €2,234 | €4,242 | +€2,008 | +89.9% |
| Cash at bank and in hand | 54/58 | €15,198 | €30,043 | +€14,845 | +97.7% |
| Deferred charges and accrued income | 490/1 | - | €186 | +€186 | |
| Total equity and liabilities | 10/49 | €137,542 | €153,348 | +€15,806 | +11.5% |
| Equity | 10/15 | €98,967 | €108,076 | +€9,109 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,907 | €75,016 | +€9,109 | +13.8% |
| Amounts payable | 17/49 | €38,575 | €45,271 | +€6,697 | +17.4% |
| Amounts payable within one year | 42/48 | €38,575 | €45,271 | +€6,697 | +17.4% |
| Trade debts | 44 | €16,488 | €28,272 | +€11,784 | +71.5% |
| Suppliers | 440/4 | €16,488 | €28,272 | +€11,784 | +71.5% |
| Taxes, remuneration and social security | 45 | €6,539 | €6,747 | +€208 | +3.2% |
| Taxes | 450/3 | €6,539 | €6,747 | +€208 | +3.2% |
| Other amounts payable | 47/48 | €15,547 | €10,252 | -€5,295 | -34.1% |
| Remuneration, social security and pensions | 62 | - | €6,410 | +€6,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,036 | €2,133 | +€98 | +4.8% |
| Other operating charges | 640/8 | €6,433 | €5,421 | -€1,012 | -15.7% |
| Gross operating margin | 9900 | €33,411 | €35,856 | +€2,445 | +7.3% |
| Operating profit (loss) | 9901 | €24,942 | €21,892 | -€3,051 | -12.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | -€342 | €132 | +€474 | |
| Recurring financial charges | 65 | -€342 | €132 | +€474 | |
| Profit (loss) for the period before taxes | 9903 | €25,284 | €21,762 | -€3,521 | -13.9% |
| Income taxes | 67/77 | €3,250 | €2,653 | -€597 | -18.4% |
| Profit (loss) for the period | 9904 | €22,034 | €19,109 | -€2,925 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,034 | €19,109 | -€2,925 | -13.3% |
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 6 October 2026 via checked.be.