G-SYS: what changed
Two fiscal 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-SYS
Largest movements
- Tangible fixed assets +€32,457
up €32,457 (+639.2%), from €5,078 to €37,535
of which Furniture and vehicles: +€32,621
- Receivables within one year +€30,653
up €30,653 (+111.0%), from €27,616 to €58,270
of which Trade receivables: +€23,433
- Cash -€19,337
down €19,337 (-19.6%), from €98,899 to €79,561
mainly Contributions, distributions and other (-€47,059) and Investment in fixed assets (net) (-€37,124)
- Profit (loss) carried forward -€45,224
down €45,224 (-39.9%), from €113,306 to €68,083
- Other debts +€39,531
up €39,531 (+759.7%), from €5,203 to €44,734
- Debts after one year +€23,041
new in 2025: €23,041
- Tax, wage and social debts +€9,259
up €9,259 (+126.7%), from €7,307 to €16,566
of which Taxes: +€4,683
- Trade debts +€8,002
up €8,002 (+149.1%), from €5,368 to €13,370
- Staff costs +€27,587
up €27,587 (+604.5%), from €4,564 to €32,151
- Gross operating margin -€7,297
down €7,297 (-14.8%), from €49,207 to €41,910
- Taxes -€7,234
down €7,234 (-92.3%), from €7,833 to €599
- Depreciation -€3,204
down €3,204 (-40.7%), from €7,871 to €4,667
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.
Cash bridge derived
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 | €133,184 | €175,506 | +€42,321 | +31.8% |
| Fixed assets | 21/28 | €5,078 | €37,535 | +€32,457 | +639.2% |
| Tangible fixed assets | 22/27 | €5,078 | €37,535 | +€32,457 | +639.2% |
| Plant, machinery and equipment | 23 | €164 | - | -€164 | |
| Furniture and vehicles | 24 | €4,914 | €37,535 | +€32,621 | +663.8% |
| Current assets | 29/58 | €128,107 | €137,971 | +€9,864 | +7.7% |
| Amounts receivable within one year | 40/41 | €27,616 | €58,270 | +€30,653 | +111.0% |
| Trade receivables | 40 | €21,524 | €44,957 | +€23,433 | +108.9% |
| Other amounts receivable | 41 | €6,092 | €13,312 | +€7,220 | +118.5% |
| Cash at bank and in hand | 54/58 | €98,899 | €79,561 | -€19,337 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,591 | €140 | -€1,452 | -91.2% |
| Total equity and liabilities | 10/49 | €133,184 | €175,506 | +€42,321 | +31.8% |
| Equity | 10/15 | €115,306 | €70,083 | -€45,224 | -39.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,306 | €68,083 | -€45,224 | -39.9% |
| Amounts payable | 17/49 | €17,878 | €105,423 | +€87,545 | +489.7% |
| Amounts payable after more than one year | 17 | - | €23,041 | +€23,041 | |
| Financial debts | 170/4 | - | €23,041 | +€23,041 | |
| Amounts payable within one year | 42/48 | €17,878 | €80,164 | +€62,286 | +348.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,494 | +€5,494 | |
| Trade debts | 44 | €5,368 | €13,370 | +€8,002 | +149.1% |
| Suppliers | 440/4 | €5,368 | €13,370 | +€8,002 | +149.1% |
| Taxes, remuneration and social security | 45 | €7,307 | €16,566 | +€9,259 | +126.7% |
| Taxes | 450/3 | €4,861 | €9,544 | +€4,683 | +96.3% |
| Remuneration and social security | 454/9 | €2,445 | €7,022 | +€4,576 | +187.1% |
| Other amounts payable | 47/48 | €5,203 | €44,734 | +€39,531 | +759.7% |
| Accrued charges and deferred income | 492/3 | - | €2,218 | +€2,218 | |
| Remuneration, social security and pensions | 62 | €4,564 | €32,151 | +€27,587 | +604.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,871 | €4,667 | -€3,204 | -40.7% |
| Other operating charges | 640/8 | €692 | €800 | +€107 | +15.5% |
| Non-recurring operating charges | 66A | €37 | - | -€37 | |
| Gross operating margin | 9900 | €49,207 | €41,910 | -€7,297 | -14.8% |
| Operating profit (loss) | 9901 | €36,043 | €4,292 | -€31,751 | -88.1% |
| Financial income | 75/76B | €30 | €82 | +€52 | +171.1% |
| Recurring financial income | 75 | €30 | €82 | +€52 | +171.1% |
| Financial charges | 65/66B | €1,841 | €1,939 | +€98 | +5.3% |
| Recurring financial charges | 65 | €1,841 | €1,939 | +€98 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €34,232 | €2,435 | -€31,798 | -92.9% |
| Income taxes | 67/77 | €7,833 | €599 | -€7,234 | -92.3% |
| Profit (loss) for the period | 9904 | €26,399 | €1,835 | -€24,564 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,399 | €1,835 | -€24,564 | -93.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.