G.S. CONCEPT: 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. CONCEPT
Largest movements
- Receivables within one year -€21,016
down €21,016 (-48.7%), from €43,136 to €22,120
of which Other amounts receivable: -€13,361
- Tangible fixed assets -€4,303
down €4,303 (-21.4%), from €20,148 to €15,845
of which Other tangible fixed assets: -€2,918
- Cash +€2,964
up €2,964 (+85.2%), from €3,477 to €6,442
mainly Receivables within one year (+€21,016) and Trade debts (+€9,266)
- Profit (loss) carried forward -€32,067
down €32,067, from €16,862 to -€15,206
- Trade debts +€9,266
up €9,266 (+151%), from €6,123 to €15,388
- Gross operating margin -€19,755
down €19,755 (-293%), from -€6,735 to -€26,491
- Taxes -€7,816
down €7,816 (-93.8%), from €8,336 to €520
- Depreciation -€3,970
down €3,970 (-48.0%), from €8,273 to €4,303
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 | €66,762 | €44,407 | -€22,355 | -33.5% |
| Fixed assets | 21/28 | €20,148 | €15,845 | -€4,303 | -21.4% |
| Tangible fixed assets | 22/27 | €20,148 | €15,845 | -€4,303 | -21.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €305 | €184 | -€121 | -39.6% |
| Furniture and vehicles | 24 | €3,029 | €1,764 | -€1,265 | -41.8% |
| Other tangible fixed assets | 26 | €16,814 | €13,897 | -€2,918 | -17.4% |
| Current assets | 29/58 | €46,614 | €28,562 | -€18,052 | -38.7% |
| Amounts receivable within one year | 40/41 | €43,136 | €22,120 | -€21,016 | -48.7% |
| Trade receivables | 40 | €19,791 | €12,136 | -€7,655 | -38.7% |
| Other amounts receivable | 41 | €23,346 | €9,984 | -€13,361 | -57.2% |
| Cash at bank and in hand | 54/58 | €3,477 | €6,442 | +€2,964 | +85.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €66,762 | €44,407 | -€22,355 | -33.5% |
| Equity | 10/15 | €60,322 | €28,254 | -€32,067 | -53.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,860 | €24,860 | = | 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 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,862 | -€15,206 | -€32,067 | |
| Amounts payable | 17/49 | €6,440 | €16,152 | +€9,712 | +151% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,440 | €16,152 | +€9,712 | +151% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,123 | €15,388 | +€9,266 | +151% |
| Suppliers | 440/4 | €6,123 | €15,388 | +€9,266 | +151% |
| Taxes, remuneration and social security | 45 | €318 | €764 | +€447 | +141% |
| Taxes | 450/3 | €318 | €764 | +€447 | +141% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,273 | €4,303 | -€3,970 | -48.0% |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.3% |
| Gross operating margin | 9900 | -€6,735 | -€26,491 | -€19,755 | -293% |
| Operating profit (loss) | 9901 | -€15,396 | -€31,202 | -€15,806 | -103% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €377 | €359 | -€18 | -4.7% |
| Recurring financial charges | 65 | €377 | €359 | -€18 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,772 | -€31,548 | -€15,775 | -100% |
| Income taxes | 67/77 | €8,336 | €520 | -€7,816 | -93.8% |
| Profit (loss) for the period | 9904 | -€24,108 | -€32,067 | -€7,959 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,108 | -€32,067 | -€7,959 | -33.0% |
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 24 October 2026 via checked.be.