G-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-SERVICE
Largest movements
- Cash +€81,771
up €81,771 (+144%), from €56,746 to €138,517
mainly Depreciation (+€36,496) and Stocks and contracts (+€31,025)
- Tangible fixed assets -€49,392
down €49,392 (-11.0%), from €448,337 to €398,945
of which Land and buildings: -€26,530
- Stocks and contracts -€31,025
down €31,025 (-61.0%), from €50,835 to €19,810
- Deferred charges and accrued income +€15,758
up €15,758 (+1,966%), from €802 to €16,560
- Debts after one year -€37,493
down €37,493 (-20.1%), from €186,552 to €149,059
- Trade debts +€27,193
up €27,193 (+201%), from €13,532 to €40,725
- Advances received +€14,741
up €14,741 (+26.3%), from €56,000 to €70,741
- Gross operating margin -€69,659
down €69,659 (-55.9%), from €124,574 to €54,914
- Depreciation -€35,212
down €35,212 (-49.1%), from €71,707 to €36,496
- Taxes -€7,366
down €7,366 (-54.4%), from €13,536 to €6,170
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 | €591,999 | €604,348 | +€12,349 | +2.1% |
| Fixed assets | 21/28 | €448,337 | €398,945 | -€49,392 | -11.0% |
| Tangible fixed assets | 22/27 | €448,337 | €398,945 | -€49,392 | -11.0% |
| Land and buildings | 22 | €249,257 | €222,728 | -€26,530 | -10.6% |
| Plant, machinery and equipment | 23 | €1,471 | €671 | -€800 | -54.4% |
| Furniture and vehicles | 24 | €197,609 | €175,546 | -€22,063 | -11.2% |
| Current assets | 29/58 | €143,662 | €205,404 | +€61,742 | +43.0% |
| Stocks and contracts in progress | 3 | €50,835 | €19,810 | -€31,025 | -61.0% |
| Stocks | 30/36 | €50,835 | €19,810 | -€31,025 | -61.0% |
| Amounts receivable within one year | 40/41 | €35,280 | €30,516 | -€4,763 | -13.5% |
| Trade receivables | 40 | €32,900 | €29,506 | -€3,394 | -10.3% |
| Other amounts receivable | 41 | €2,380 | €1,010 | -€1,370 | -57.6% |
| Cash at bank and in hand | 54/58 | €56,746 | €138,517 | +€81,771 | +144% |
| Deferred charges and accrued income | 490/1 | €802 | €16,560 | +€15,758 | +1,966% |
| Total equity and liabilities | 10/49 | €591,999 | €604,348 | +€12,349 | +2.1% |
| Equity | 10/15 | €173,342 | €176,967 | +€3,625 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €160,942 | €164,567 | +€3,625 | +2.3% |
| Tax-exempt reserves | 132 | €8,457 | €4,191 | -€4,266 | -50.4% |
| Distributable reserves | 133 | €152,485 | €160,376 | +€7,891 | +5.2% |
| Provisions and deferred taxes | 16 | €111,462 | €110,395 | -€1,066 | -1.0% |
| Provisions for liabilities and charges | 160/5 | €109,347 | €109,347 | = | 0.0% |
| Pensions and similar obligations | 160 | €109,347 | €109,347 | = | 0.0% |
| Deferred taxes | 168 | €2,114 | €1,048 | -€1,066 | -50.4% |
| Amounts payable | 17/49 | €307,196 | €316,986 | +€9,791 | +3.2% |
| Amounts payable after more than one year | 17 | €186,552 | €149,059 | -€37,493 | -20.1% |
| Financial debts | 170/4 | €186,552 | €149,059 | -€37,493 | -20.1% |
| Amounts payable within one year | 42/48 | €120,643 | €167,927 | +€47,284 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €36,885 | €37,607 | +€721 | +2.0% |
| Financial debts | 43 | €196 | - | -€196 | |
| Credit institutions | 430/8 | €196 | - | -€196 | |
| Trade debts | 44 | €13,532 | €40,725 | +€27,193 | +201% |
| Suppliers | 440/4 | €13,532 | €40,725 | +€27,193 | +201% |
| Advances received on contracts in progress | 46 | €56,000 | €70,741 | +€14,741 | +26.3% |
| Taxes, remuneration and social security | 45 | €14,030 | €18,772 | +€4,743 | +33.8% |
| Taxes | 450/3 | €14,030 | €18,772 | +€4,743 | +33.8% |
| Other amounts payable | 47/48 | - | €83 | +€83 | |
| Non-recurring operating income | 76A | €26,033 | €2,022 | -€24,012 | -92.2% |
| Remuneration, social security and pensions | 62 | -€87 | €0 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,707 | €36,496 | -€35,212 | -49.1% |
| Other operating charges | 640/8 | €4,463 | €3,621 | -€843 | -18.9% |
| Gross operating margin | 9900 | €124,574 | €54,914 | -€69,659 | -55.9% |
| Operating profit (loss) | 9901 | €48,490 | €14,798 | -€33,692 | -69.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -89.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -89.4% |
| Financial charges | 65/66B | €6,716 | €6,070 | -€646 | -9.6% |
| Recurring financial charges | 65 | €6,716 | €6,070 | -€646 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €41,775 | €8,729 | -€33,046 | -79.1% |
| Transfer from deferred taxes | 780 | €1,066 | €1,066 | = | 0.0% |
| Income taxes | 67/77 | €13,536 | €6,170 | -€7,366 | -54.4% |
| Profit (loss) for the period | 9904 | €29,305 | €3,625 | -€25,680 | -87.6% |
| Transfer from tax-exempt reserves | 789 | €4,266 | €4,266 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,571 | €7,891 | -€25,680 | -76.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.