GPH Development: 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.
GPH Development
Largest movements
- Receivables within one year -€98,027
down €98,027 (-95.6%), from €102,531 to €4,504
of which Trade receivables: -€98,027
- Tangible fixed assets -€7,462
down €7,462 (-13.9%), from €53,881 to €46,418
of which Furniture and vehicles: -€6,537
- Trade debts -€94,831
down €94,831 (-86.6%), from €109,450 to €14,619
- Other debts -€67,677
down €67,677 (-23.6%), from €287,079 to €219,402
- Profit (loss) carried forward +€44,954
up €44,954 (+17.8%), from -€252,194 to -€207,241
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Advances received +€7,024
up €7,024 (+48.9%), from €14,357 to €21,380
- Gross operating margin +€128,990
up €128,990, from -€26,599 to €102,391
- Staff costs +€13,972
up €13,972 (+44.8%), from €31,193 to €45,165
- Depreciation +€3,889
up €3,889 (+109%), from €3,574 to €7,462
- Financial charges +€1,253
up €1,253 (+201%), from €622 to €1,875
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 | €192,302 | €88,393 | -€103,909 | -54.0% |
| Fixed assets | 21/28 | €68,081 | €60,618 | -€7,462 | -11.0% |
| Tangible fixed assets | 22/27 | €53,881 | €46,418 | -€7,462 | -13.9% |
| Plant, machinery and equipment | 23 | €2,282 | €1,357 | -€925 | -40.5% |
| Furniture and vehicles | 24 | €51,598 | €45,061 | -€6,537 | -12.7% |
| Financial fixed assets | 28 | €14,200 | €14,200 | = | 0.0% |
| Current assets | 29/58 | €124,222 | €27,775 | -€96,447 | -77.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €102,531 | €4,504 | -€98,027 | -95.6% |
| Trade receivables | 40 | €102,531 | €4,504 | -€98,027 | -95.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,691 | €23,271 | +€1,580 | +7.3% |
| Total equity and liabilities | 10/49 | €192,302 | €88,393 | -€103,909 | -54.0% |
| Equity | 10/15 | -€239,794 | -€194,841 | +€44,954 | +18.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,194 | -€207,241 | +€44,954 | +17.8% |
| Amounts payable | 17/49 | €432,097 | €283,233 | -€148,863 | -34.5% |
| Amounts payable within one year | 42/48 | €432,097 | €274,233 | -€157,863 | -36.5% |
| Trade debts | 44 | €109,450 | €14,619 | -€94,831 | -86.6% |
| Suppliers | 440/4 | €109,450 | €14,619 | -€94,831 | -86.6% |
| Advances received on contracts in progress | 46 | €14,357 | €21,380 | +€7,024 | +48.9% |
| Taxes, remuneration and social security | 45 | €21,210 | €18,832 | -€2,379 | -11.2% |
| Taxes | 450/3 | €11,234 | €13,950 | +€2,716 | +24.2% |
| Remuneration and social security | 454/9 | €9,976 | €4,882 | -€5,094 | -51.1% |
| Other amounts payable | 47/48 | €287,079 | €219,402 | -€67,677 | -23.6% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €31,193 | €45,165 | +€13,972 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €7,462 | +€3,889 | +109% |
| Other operating charges | 640/8 | €3,442 | €3,643 | +€200 | +5.8% |
| Non-recurring operating charges | 66A | €15,934 | €0 | -€15,934 | -100% |
| Gross operating margin | 9900 | -€26,599 | €102,391 | +€128,990 | |
| Operating profit (loss) | 9901 | -€80,741 | €46,121 | +€126,863 | |
| Financial income | 75/76B | €71 | €930 | +€860 | +1,218% |
| Recurring financial income | 75 | €71 | €930 | +€860 | +1,218% |
| Financial charges | 65/66B | €622 | €1,875 | +€1,253 | +201% |
| Recurring financial charges | 65 | €622 | €1,875 | +€1,253 | +201% |
| Profit (loss) for the period before taxes | 9903 | -€81,293 | €45,177 | +€126,470 | |
| Income taxes | 67/77 | €272 | €223 | -€49 | -17.9% |
| Profit (loss) for the period | 9904 | -€81,565 | €44,954 | +€126,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,565 | €44,954 | +€126,518 |
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 28 October 2026 via checked.be.