G.S. ASSURANCES: what changed
G.S. ASSURANCES
Largest movements
- Receivables within one year +€69,615
up €69,615 (+64.7%), from €107,670 to €177,286
of which Other amounts receivable: +€69,461
- Intangible fixed assets -€30,000
down €30,000 (-100%), from €30,000 to €0
- Cash -€2,539
down €2,539 (-27.2%), from €9,319 to €6,781
mainly Receivables within one year (-€69,615) and Debts after one year (-€35,051)
- Deferred charges and accrued income -€2,074
down €2,074 (-17.2%), from €12,092 to €10,018
- Debts after one year -€35,051
no longer reported in 2025 (was €35,051)
- Current portion of long-term debt +€35,051
up €35,051 (+38.3%), from €91,477 to €126,528
- Profit (loss) carried forward +€30,180
up €30,180 (+68.6%), from -€44,019 to -€13,840
- Other debts +€5,500
up €5,500 (+107%), from €5,122 to €10,622
- Turnover +€196,048
new in 2025: €196,048
- Purchases and services +€87,401
new in 2025: €87,401
- Depreciation -€78,271
down €78,271 (-70.9%), from €110,437 to €32,166
- Gross operating margin -€74,597
down €74,597 (-40.2%), from €185,594 to €110,997
- Staff costs -€37,464
down €37,464 (-52.0%), from €72,019 to €34,556
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,906 | €196,092 | +€34,186 | +21.1% |
| Fixed assets | 21/28 | €32,824 | €2,007 | -€30,817 | -93.9% |
| Intangible fixed assets | 21 | €30,000 | €0 | -€30,000 | -100% |
| Tangible fixed assets | 22/27 | €2,303 | €1,487 | -€817 | -35.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €2,303 | €1,487 | -€817 | -35.5% |
| Financial fixed assets | 28 | €521 | €521 | = | 0.0% |
| Current assets | 29/58 | €129,082 | €194,084 | +€65,003 | +50.4% |
| Amounts receivable within one year | 40/41 | €107,670 | €177,286 | +€69,615 | +64.7% |
| Trade receivables | 40 | - | €155 | +€155 | |
| Other amounts receivable | 41 | €107,670 | €177,131 | +€69,461 | +64.5% |
| Cash at bank and in hand | 54/58 | €9,319 | €6,781 | -€2,539 | -27.2% |
| Deferred charges and accrued income | 490/1 | €12,092 | €10,018 | -€2,074 | -17.2% |
| Total equity and liabilities | 10/49 | €161,906 | €196,092 | +€34,186 | +21.1% |
| Equity | 10/15 | -€25,419 | €4,760 | +€30,180 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€44,019 | -€13,840 | +€30,180 | +68.6% |
| Amounts payable | 17/49 | €187,325 | €191,331 | +€4,006 | +2.1% |
| Amounts payable after more than one year | 17 | €35,051 | - | -€35,051 | |
| Financial debts | 170/4 | €35,051 | - | -€35,051 | |
| Amounts payable within one year | 42/48 | €117,951 | €157,007 | +€39,056 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €91,477 | €126,528 | +€35,051 | +38.3% |
| Trade debts | 44 | €1,313 | - | -€1,313 | |
| Suppliers | 440/4 | €1,313 | - | -€1,313 | |
| Taxes, remuneration and social security | 45 | €20,039 | €19,858 | -€182 | -0.9% |
| Taxes | 450/3 | €823 | €5,469 | +€4,646 | +565% |
| Remuneration and social security | 454/9 | €19,217 | €14,389 | -€4,828 | -25.1% |
| Other amounts payable | 47/48 | €5,122 | €10,622 | +€5,500 | +107% |
| Accrued charges and deferred income | 492/3 | €34,324 | €34,324 | = | 0.0% |
| Turnover | 70 | - | €196,048 | +€196,048 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €87,401 | +€87,401 | |
| Remuneration, social security and pensions | 62 | €72,019 | €34,556 | -€37,464 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,437 | €32,166 | -€78,271 | -70.9% |
| Other operating charges | 640/8 | €4,987 | €1,866 | -€3,121 | -62.6% |
| Gross operating margin | 9900 | €185,594 | €110,997 | -€74,597 | -40.2% |
| Operating profit (loss) | 9901 | -€1,850 | €42,409 | +€44,259 | |
| Financial income | 75/76B | €5,698 | €6,103 | +€405 | +7.1% |
| Recurring financial income | 75 | €5,698 | €6,103 | +€405 | +7.1% |
| Financial charges | 65/66B | €10,298 | €568 | -€9,731 | -94.5% |
| Recurring financial charges | 65 | €10,298 | €568 | -€9,731 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,450 | €47,945 | +€54,395 | |
| Income taxes | 67/77 | €927 | €9,765 | +€8,838 | +954% |
| Profit (loss) for the period | 9904 | -€7,377 | €38,180 | +€45,556 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,377 | €38,180 | +€45,556 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.