G.S.L. GROUP: what changed
What changed
G.S.L. GROUP
NACE 73.120, Media representation
filed annual accounts (NBB)
Net result for the year
€58,980
2024 · €2.0m-€2.0m
Equity
€2.2m
2024 · €2.2m-€41,020
Cash
€103,814
2024 · €44,983+€58,830
Balance sheet total
€2.3m
2024 · €2.3m+€64,369
Largest movements
Assets
- Cash +€58,830
up €58,830 (+131%), from €44,983 to €103,814
mainly Other debts (+€79,760) and Net result for the year (+€58,980)
- Stocks and contracts +€26,028
new in 2025: €26,028
Equity and liabilities
- Other debts +€79,760
up €79,760 (+175%), from €45,587 to €125,347
- Profit (loss) carried forward -€41,020
down €41,020 (-2.0%), from €2.0m to €2.0m
Income statement
- Financial income -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
- Gross operating margin +€28,710
up €28,710 (+44.0%), from €65,276 to €93,987
- Financial charges -€25,573
down €25,573 (-98.9%), from €25,845 to €272
- Taxes +€14,833
up €14,833 (+214%), from €6,920 to €21,753
- Depreciation +€1,442
up €1,442 (+14.2%), from €10,183 to €11,625
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.
Result 2024
€2.0m
Gross operating margin
+€28,710
Depreciation
-€1,442
Other operating charges
-€972
Financial income
-€2.0m
Financial charges
+€25,573
Taxes
-€14,833
Result 2025
€58,980
raises the resultlowers the result
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.
From operations
+€160,685
Investment
-€1,855
Financing
-€100,000
Cash 2024
€44,983
From operations (derived)
+€160,685
Net result for the year
+€58,980
Depreciation
+€11,625
Stocks and contracts
-€26,028
Receivables within one year
+€10,908
Deferred charges and accrued income
-€188
Trade debts
+€15,839
Tax, wage and social debts
+€14,833
Other debts
+€79,760
Accrued charges and deferred income
-€5,043
Investment (derived)
-€1,855
Investment in fixed assets (net)
-€1,855
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€103,814
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,272,237 | €2,336,605 | +€64,369 | +2.8% |
| Fixed assets | 21/28 | €2,210,511 | €2,200,741 | -€9,770 | -0.4% |
| Tangible fixed assets | 22/27 | €35,511 | €25,741 | -€9,770 | -27.5% |
| Plant, machinery and equipment | 23 | €35,511 | €23,493 | -€12,018 | -33.8% |
| Furniture and vehicles | 24 | - | €2,248 | +€2,248 | |
| Financial fixed assets | 28 | €2,175,000 | €2,175,000 | = | 0.0% |
| Current assets | 29/58 | €61,726 | €135,864 | +€74,138 | +120% |
| Stocks and contracts in progress | 3 | - | €26,028 | +€26,028 | |
| Stocks | 30/36 | - | €26,028 | +€26,028 | |
| Amounts receivable within one year | 40/41 | €13,739 | €2,831 | -€10,908 | -79.4% |
| Trade receivables | 40 | €8,678 | €2,000 | -€6,678 | -77.0% |
| Other amounts receivable | 41 | €5,061 | €831 | -€4,230 | -83.6% |
| Cash at bank and in hand | 54/58 | €44,983 | €103,814 | +€58,830 | +131% |
| Deferred charges and accrued income | 490/1 | €3,004 | €3,192 | +€188 | +6.2% |
| Total equity and liabilities | 10/49 | €2,272,237 | €2,336,605 | +€64,369 | +2.8% |
| Equity | 10/15 | €2,193,744 | €2,152,724 | -€41,020 | -1.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €170,400 | €170,400 | = | 0.0% |
| Distributable reserves | 133 | €170,400 | €170,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,021,344 | €1,980,324 | -€41,020 | -2.0% |
| Amounts payable | 17/49 | €78,493 | €183,881 | +€105,388 | +134% |
| Amounts payable within one year | 42/48 | €52,750 | €163,181 | +€110,431 | +209% |
| Trade debts | 44 | €243 | €16,082 | +€15,839 | +6,514% |
| Suppliers | 440/4 | €243 | €16,082 | +€15,839 | +6,514% |
| Taxes, remuneration and social security | 45 | €6,920 | €21,753 | +€14,833 | +214% |
| Taxes | 450/3 | €6,920 | €21,753 | +€14,833 | +214% |
| Other amounts payable | 47/48 | €45,587 | €125,347 | +€79,760 | +175% |
| Accrued charges and deferred income | 492/3 | €25,743 | €20,700 | -€5,043 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,183 | €11,625 | +€1,442 | +14.2% |
| Other operating charges | 640/8 | €384 | €1,357 | +€972 | +253% |
| Gross operating margin | 9900 | €65,276 | €93,987 | +€28,710 | +44.0% |
| Operating profit (loss) | 9901 | €54,709 | €81,005 | +€26,296 | +48.1% |
| Financial income | 75/76B | €2,000,005 | €0 | -€2.0m | -100.0% |
| Recurring financial income | 75 | €2,000,005 | €0 | -€2.0m | -100.0% |
| Financial charges | 65/66B | €25,845 | €272 | -€25,573 | -98.9% |
| Recurring financial charges | 65 | €25,845 | €272 | -€25,573 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €2,028,869 | €80,733 | -€1.9m | -96.0% |
| Income taxes | 67/77 | €6,920 | €21,753 | +€14,833 | +214% |
| Profit (loss) for the period | 9904 | €2,021,949 | €58,980 | -€2.0m | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,021,949 | €58,980 | -€2.0m | -97.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.