GAS Construct: 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.
GAS Construct
Largest movements
- Receivables within one year +€8,531
up €8,531 (+47.6%), from €17,915 to €26,446
of which Other amounts receivable: +€18,501
- Cash -€910
down €910 (-17.4%), from €5,223 to €4,313
mainly Receivables within one year (-€8,531) and Trade debts (-€3,224)
- Profit (loss) carried forward +€7,885
up €7,885 (+240.4%), from €3,280 to €11,166
- Trade debts -€3,224
down €3,224 (-24.8%), from €12,989 to €9,765
- Tax, wage and social debts +€2,254
up €2,254 (+120.1%), from €1,877 to €4,130
- Short-term financial debts +€547
up €547 (+23.3%), from €2,348 to €2,894
- Gross operating margin +€6,403
up €6,403 (+117.1%), from €5,469 to €11,872
- Other operating charges +€970
up €970 (+670.1%), from €145 to €1,115
- Financial charges +€449
up €449 (+983.4%), from €46 to €494
- Taxes +€377
up €377 (+20.1%), from €1,877 to €2,254
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 | €23,493 | €30,955 | +€7,462 | +31.8% |
| Fixed assets | 21/28 | €355 | €195 | -€159 | -44.9% |
| Tangible fixed assets | 22/27 | €355 | €195 | -€159 | -44.9% |
| Furniture and vehicles | 24 | €355 | €195 | -€159 | -44.9% |
| Current assets | 29/58 | €23,138 | €30,760 | +€7,622 | +32.9% |
| Amounts receivable within one year | 40/41 | €17,915 | €26,446 | +€8,531 | +47.6% |
| Trade receivables | 40 | €14,470 | €4,500 | -€9,970 | -68.9% |
| Other amounts receivable | 41 | €3,445 | €21,946 | +€18,501 | +537.0% |
| Cash at bank and in hand | 54/58 | €5,223 | €4,313 | -€910 | -17.4% |
| Total equity and liabilities | 10/49 | €23,493 | €30,955 | +€7,462 | +31.8% |
| Equity | 10/15 | €6,280 | €14,166 | +€7,885 | +125.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,280 | €11,166 | +€7,885 | +240.4% |
| Amounts payable | 17/49 | €17,213 | €16,790 | -€423 | -2.5% |
| Amounts payable within one year | 42/48 | €17,213 | €16,790 | -€423 | -2.5% |
| Financial debts | 43 | €2,348 | €2,894 | +€547 | +23.3% |
| Credit institutions | 430/8 | €2,348 | €2,894 | +€547 | +23.3% |
| Trade debts | 44 | €12,989 | €9,765 | -€3,224 | -24.8% |
| Suppliers | 440/4 | €12,989 | €9,765 | -€3,224 | -24.8% |
| Taxes, remuneration and social security | 45 | €1,877 | €4,130 | +€2,254 | +120.1% |
| Taxes | 450/3 | €1,877 | €4,130 | +€2,254 | +120.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123 | €159 | +€36 | +29.3% |
| Other operating charges | 640/8 | €145 | €1,115 | +€970 | +670.1% |
| Gross operating margin | 9900 | €5,469 | €11,872 | +€6,403 | +117.1% |
| Operating profit (loss) | 9901 | €5,202 | €10,598 | +€5,396 | +103.7% |
| Financial income | 75/76B | €1 | €35 | +€34 | +4761.1% |
| Recurring financial income | 75 | €1 | €35 | +€34 | +4761.1% |
| Financial charges | 65/66B | €46 | €494 | +€449 | +983.4% |
| Recurring financial charges | 65 | €46 | €494 | +€449 | +983.4% |
| Profit (loss) for the period before taxes | 9903 | €5,157 | €10,138 | +€4,982 | +96.6% |
| Income taxes | 67/77 | €1,877 | €2,254 | +€377 | +20.1% |
| Profit (loss) for the period | 9904 | €3,280 | €7,885 | +€4,605 | +140.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,280 | €7,885 | +€4,605 | +140.4% |
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 6 October 2026 via checked.be.