G.S. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Cash +€24,520
up €24,520 (+818%), from €2,998 to €27,518
mainly Net result for the year (+€34,066) and Stocks and contracts (+€10,000)
- Stocks and contracts -€10,000
down €10,000 (-27.8%), from €36,000 to €26,000
- Receivables within one year -€2,852
down €2,852 (-78.7%), from €3,623 to €772
of which Other amounts receivable: -€1,463
- Profit (loss) carried forward +€34,066
up €34,066 (+56.3%), from -€60,487 to -€26,421
- Other debts -€29,494
down €29,494 (-30.8%), from €95,738 to €66,244
- Tax, wage and social debts +€4,795
new in 2025: €4,795
- Advances received +€4,200
new in 2025: €4,200
- Trade debts -€2,087
down €2,087 (-100%), from €2,087 to €0
- Gross operating margin +€31,956
up €31,956 (+1,030%), from €3,101 to €35,058
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 | €43,538 | €55,018 | +€11,480 | +26.4% |
| Fixed assets | 21/28 | €917 | €729 | -€188 | -20.5% |
| Tangible fixed assets | 22/27 | €917 | €729 | -€188 | -20.5% |
| Plant, machinery and equipment | 23 | €917 | €729 | -€188 | -20.5% |
| Current assets | 29/58 | €42,621 | €54,289 | +€11,668 | +27.4% |
| Stocks and contracts in progress | 3 | €36,000 | €26,000 | -€10,000 | -27.8% |
| Stocks | 30/36 | €36,000 | €26,000 | -€10,000 | -27.8% |
| Amounts receivable within one year | 40/41 | €3,623 | €772 | -€2,852 | -78.7% |
| Trade receivables | 40 | €2,160 | €772 | -€1,388 | -64.3% |
| Other amounts receivable | 41 | €1,463 | €0 | -€1,463 | -100% |
| Cash at bank and in hand | 54/58 | €2,998 | €27,518 | +€24,520 | +818% |
| Total equity and liabilities | 10/49 | €43,538 | €55,018 | +€11,480 | +26.4% |
| Equity | 10/15 | -€54,287 | -€20,221 | +€34,066 | +62.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,487 | -€26,421 | +€34,066 | +56.3% |
| Amounts payable | 17/49 | €97,825 | €75,239 | -€22,585 | -23.1% |
| Amounts payable within one year | 42/48 | €97,825 | €75,239 | -€22,585 | -23.1% |
| Trade debts | 44 | €2,087 | €0 | -€2,087 | -100% |
| Suppliers | 440/4 | €2,087 | €0 | -€2,087 | -100% |
| Advances received on contracts in progress | 46 | - | €4,200 | +€4,200 | |
| Taxes, remuneration and social security | 45 | - | €4,795 | +€4,795 | |
| Taxes | 450/3 | - | €4,795 | +€4,795 | |
| Other amounts payable | 47/48 | €95,738 | €66,244 | -€29,494 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23 | €188 | +€165 | +714% |
| Other operating charges | 640/8 | €528 | €589 | +€61 | +11.5% |
| Gross operating margin | 9900 | €3,101 | €35,058 | +€31,956 | +1,030% |
| Operating profit (loss) | 9901 | €2,550 | €34,281 | +€31,731 | +1,244% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €233 | €215 | -€18 | -7.6% |
| Recurring financial charges | 65 | €233 | €215 | -€18 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €2,317 | €34,066 | +€31,749 | +1,370% |
| Profit (loss) for the period | 9904 | €2,317 | €34,066 | +€31,749 | +1,370% |
| Profit (loss) for the period to be appropriated | 9905 | €2,317 | €34,066 | +€31,749 | +1,370% |
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 26 October 2026 via checked.be.