G.S. SERVICE: 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. SERVICE
Largest movements
- Cash +€213,359
up €213,359 (+254%), from €83,906 to €297,265
mainly Other debts (+€155,872) and Net result for the year (+€140,581)
- Tangible fixed assets +€35,257
up €35,257 (+114%), from €30,936 to €66,192
of which Plant, machinery and equipment: +€22,170
- Receivables within one year -€15,511
down €15,511 (-39.0%), from €39,752 to €24,241
of which Trade receivables: -€26,252
- Current investments +€11,000
new in 2025: €11,000
- Deferred charges and accrued income +€8,639
up €8,639 (+610%), from €1,416 to €10,055
- Other debts +€155,872
up €155,872 (+725%), from €21,500 to €177,372
- Trade debts +€102,682
up €102,682 (+1,550%), from €6,623 to €109,305
- Profit (loss) carried forward -€33,753
down €33,753 (-100%), from €33,753 to €0
- Tax, wage and social debts +€17,069
up €17,069 (+30.1%), from €56,634 to €73,703
of which Taxes: +€17,700
- Debts after one year +€6,664
up €6,664 (+67.3%), from €9,896 to €16,560
- Gross operating margin +€140,045
up €140,045 (+106%), from €131,952 to €271,997
- Staff costs +€48,336
up €48,336 (+372%), from €12,986 to €61,322
- Other operating charges +€11,033
up €11,033 (+128%), from €8,611 to €19,643
- Depreciation +€10,560
up €10,560 (+175%), from €6,040 to €16,600
- Taxes +€5,899
up €5,899 (+22.5%), from €26,218 to €32,117
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 | €156,009 | €409,253 | +€253,244 | +162% |
| Fixed assets | 21/28 | €30,936 | €66,692 | +€35,757 | +116% |
| Tangible fixed assets | 22/27 | €30,936 | €66,192 | +€35,257 | +114% |
| Plant, machinery and equipment | 23 | €6,770 | €28,940 | +€22,170 | +327% |
| Furniture and vehicles | 24 | €24,165 | €37,252 | +€13,087 | +54.2% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €125,073 | €342,561 | +€217,487 | +174% |
| Amounts receivable within one year | 40/41 | €39,752 | €24,241 | -€15,511 | -39.0% |
| Trade receivables | 40 | €39,715 | €13,464 | -€26,252 | -66.1% |
| Other amounts receivable | 41 | €36 | €10,777 | +€10,741 | +29,745% |
| Current investments | 50/53 | - | €11,000 | +€11,000 | |
| Cash at bank and in hand | 54/58 | €83,906 | €297,265 | +€213,359 | +254% |
| Deferred charges and accrued income | 490/1 | €1,416 | €10,055 | +€8,639 | +610% |
| Total equity and liabilities | 10/49 | €156,009 | €409,253 | +€253,244 | +162% |
| Equity | 10/15 | €55,753 | €22,000 | -€33,753 | -60.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,753 | €0 | -€33,753 | -100% |
| Amounts payable | 17/49 | €100,256 | €387,253 | +€286,997 | +286% |
| Amounts payable after more than one year | 17 | €9,896 | €16,560 | +€6,664 | +67.3% |
| Financial debts | 170/4 | €9,896 | €16,560 | +€6,664 | +67.3% |
| Amounts payable within one year | 42/48 | €90,360 | €370,693 | +€280,334 | +310% |
| Current portion of amounts payable after more than one year | 42 | €5,603 | €10,313 | +€4,710 | +84.1% |
| Trade debts | 44 | €6,623 | €109,305 | +€102,682 | +1,550% |
| Suppliers | 440/4 | €6,623 | €109,305 | +€102,682 | +1,550% |
| Taxes, remuneration and social security | 45 | €56,634 | €73,703 | +€17,069 | +30.1% |
| Taxes | 450/3 | €54,860 | €72,560 | +€17,700 | +32.3% |
| Remuneration and social security | 454/9 | €1,773 | €1,143 | -€630 | -35.6% |
| Other amounts payable | 47/48 | €21,500 | €177,372 | +€155,872 | +725% |
| Remuneration, social security and pensions | 62 | €12,986 | €61,322 | +€48,336 | +372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,040 | €16,600 | +€10,560 | +175% |
| Other operating charges | 640/8 | €8,611 | €19,643 | +€11,033 | +128% |
| Gross operating margin | 9900 | €131,952 | €271,997 | +€140,045 | +106% |
| Operating profit (loss) | 9901 | €104,316 | €174,433 | +€70,117 | +67.2% |
| Financial income | 75/76B | €20 | €506 | +€486 | +2,481% |
| Recurring financial income | 75 | €20 | €506 | +€486 | +2,481% |
| Financial charges | 65/66B | €386 | €2,240 | +€1,854 | +480% |
| Recurring financial charges | 65 | €386 | €2,240 | +€1,854 | +480% |
| Profit (loss) for the period before taxes | 9903 | €103,949 | €172,698 | +€68,749 | +66.1% |
| Income taxes | 67/77 | €26,218 | €32,117 | +€5,899 | +22.5% |
| Profit (loss) for the period | 9904 | €77,731 | €140,581 | +€62,850 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,731 | €140,581 | +€62,850 | +80.9% |
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 21 October 2026 via checked.be.