G.S.A. & Co: 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.
G.S.A. & Co
Largest movements
- Tangible fixed assets -€3,000
down €3,000 (-3.3%), from €91,255 to €88,255
- Debts after one year -€19,614
down €19,614 (-26.5%), from €73,968 to €54,354
- Current portion of long-term debt +€9,880
up €9,880, from €0 to €9,880
- Other debts +€6,177
up €6,177 (+37.1%), from €16,672 to €22,849
- Profit (loss) carried forward +€1,338
up €1,338 (+74.6%), from -€1,793 to -€455
- Trade debts -€1,160
down €1,160 (-71.7%), from €1,618 to €458
- Gross operating margin -€1,966
down €1,966 (-22.7%), from €8,666 to €6,700
- Purchases and services +€541
up €541 (+27.6%), from €1,961 to €2,501
- Other operating charges -€273
down €273 (-23.5%), from €1,164 to €891
- Financial charges +€94
up €94 (+6.9%), from €1,365 to €1,459
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 | €92,509 | €89,085 | -€3,423 | -3.7% |
| Fixed assets | 21/28 | €91,255 | €88,255 | -€3,000 | -3.3% |
| Tangible fixed assets | 22/27 | €91,255 | €88,255 | -€3,000 | -3.3% |
| Land and buildings | 22 | €91,255 | €88,255 | -€3,000 | -3.3% |
| Current assets | 29/58 | €1,254 | €831 | -€423 | -33.8% |
| Amounts receivable within one year | 40/41 | - | €0 | = | |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €1,254 | €831 | -€423 | -33.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €92,509 | €89,085 | -€3,423 | -3.7% |
| Equity | 10/15 | €207 | €1,545 | +€1,338 | +645% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€1,793 | -€455 | +€1,338 | +74.6% |
| Amounts payable | 17/49 | €92,301 | €87,540 | -€4,761 | -5.2% |
| Amounts payable after more than one year | 17 | €73,968 | €54,354 | -€19,614 | -26.5% |
| Financial debts | 170/4 | €73,968 | €54,354 | -€19,614 | -26.5% |
| Amounts payable within one year | 42/48 | €18,334 | €33,186 | +€14,853 | +81.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €9,880 | +€9,880 | |
| Trade debts | 44 | €1,618 | €458 | -€1,160 | -71.7% |
| Suppliers | 440/4 | €1,618 | €458 | -€1,160 | -71.7% |
| Taxes, remuneration and social security | 45 | €44 | €0 | -€44 | -100% |
| Taxes | 450/3 | €44 | €0 | -€44 | -100% |
| Other amounts payable | 47/48 | €16,672 | €22,849 | +€6,177 | +37.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,961 | €2,501 | +€541 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €3,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,164 | €891 | -€273 | -23.5% |
| Gross operating margin | 9900 | €8,666 | €6,700 | -€1,966 | -22.7% |
| Operating profit (loss) | 9901 | €4,502 | €2,809 | -€1,692 | -37.6% |
| Financial charges | 65/66B | €1,365 | €1,459 | +€94 | +6.9% |
| Recurring financial charges | 65 | €1,365 | €1,459 | +€94 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €3,137 | €1,351 | -€1,786 | -56.9% |
| Profit (loss) for the period | 9904 | €3,137 | €1,351 | -€1,786 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,137 | €1,351 | -€1,786 | -56.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.