GASS: 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.
GASS
Largest movements
- Current investments +€2.3m
up €2.3m (+242%), from €946,944 to €3.2m
- Cash -€2.2m
down €2.2m (-90.4%), from €2.4m to €234,252
mainly Current investments (-€2.3m) and Other debts (-€118,315)
- Receivables after one year -€66,000
no longer reported in 2025 (was €66,000)
- Reserves +€154,951
up €154,951 (+4.7%), from €3.3m to €3.5m
- Other debts -€118,315
no longer reported in 2025 (was €118,315)
- Financial income -€2.4m
down €2.4m (-96.0%), from €2.5m to €102,125
of which Non-recurring financial income: -€2.0m
- Taxes -€189,911
down €189,911 (-78.3%), from €242,571 to €52,660
- Gross operating margin +€83,196
up €83,196 (+154%), from €53,930 to €137,126
- Financial charges +€7,965
up €7,965 (+2,585%), from €308 to €8,273
- Other operating charges +€2,580
up €2,580 (+148%), from €1,743 to €4,322
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 | €3,661,420 | €3,682,220 | +€20,800 | +0.6% |
| Fixed assets | 21/28 | €196,778 | €177,734 | -€19,044 | -9.7% |
| Tangible fixed assets | 22/27 | €70,448 | €51,404 | -€19,044 | -27.0% |
| Plant, machinery and equipment | 23 | €1,286 | €1,141 | -€145 | -11.3% |
| Furniture and vehicles | 24 | €69,163 | €50,263 | -€18,899 | -27.3% |
| Financial fixed assets | 28 | €126,330 | €126,330 | = | 0.0% |
| Current assets | 29/58 | €3,464,642 | €3,504,487 | +€39,845 | +1.2% |
| Amounts receivable after more than one year | 29 | €66,000 | - | -€66,000 | |
| Other amounts receivable | 291 | €66,000 | - | -€66,000 | |
| Amounts receivable within one year | 40/41 | €4,368 | €22,216 | +€17,848 | +409% |
| Trade receivables | 40 | - | €13,652 | +€13,652 | |
| Other amounts receivable | 41 | €4,368 | €8,564 | +€4,196 | +96.1% |
| Current investments | 50/53 | €946,944 | €3,237,756 | +€2.3m | +242% |
| Cash at bank and in hand | 54/58 | €2,441,342 | €234,252 | -€2.2m | -90.4% |
| Deferred charges and accrued income | 490/1 | €5,988 | €10,263 | +€4,275 | +71.4% |
| Total equity and liabilities | 10/49 | €3,661,420 | €3,682,220 | +€20,800 | +0.6% |
| Equity | 10/15 | €3,298,847 | €3,453,798 | +€154,951 | +4.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,296,347 | €3,451,298 | +€154,951 | +4.7% |
| Distributable reserves | 133 | €3,296,347 | €3,451,298 | +€154,951 | +4.7% |
| Amounts payable | 17/49 | €362,573 | €228,423 | -€134,151 | -37.0% |
| Amounts payable within one year | 42/48 | €361,853 | €226,924 | -€134,929 | -37.3% |
| Trade debts | 44 | €7,960 | €2,974 | -€4,986 | -62.6% |
| Suppliers | 440/4 | €7,960 | €2,974 | -€4,986 | -62.6% |
| Taxes, remuneration and social security | 45 | €235,578 | €223,950 | -€11,628 | -4.9% |
| Taxes | 450/3 | €231,333 | €223,950 | -€7,382 | -3.2% |
| Remuneration and social security | 454/9 | €4,245 | - | -€4,245 | |
| Other amounts payable | 47/48 | €118,315 | - | -€118,315 | |
| Accrued charges and deferred income | 492/3 | €720 | €1,498 | +€778 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,228 | €19,044 | -€183 | -1.0% |
| Other operating charges | 640/8 | €1,743 | €4,322 | +€2,580 | +148% |
| Gross operating margin | 9900 | €53,930 | €137,126 | +€83,196 | +154% |
| Operating profit (loss) | 9901 | €32,959 | €113,759 | +€80,800 | +245% |
| Financial income | 75/76B | €2,536,781 | €102,125 | -€2.4m | -96.0% |
| Recurring financial income | 75 | €539,661 | €102,125 | -€437,536 | -81.1% |
| Non-recurring financial income | 76B | €1,997,120 | - | -€2.0m | |
| Financial charges | 65/66B | €308 | €8,273 | +€7,965 | +2,585% |
| Recurring financial charges | 65 | €308 | €8,273 | +€7,965 | +2,585% |
| Profit (loss) for the period before taxes | 9903 | €2,569,432 | €207,611 | -€2.4m | -91.9% |
| Income taxes | 67/77 | €242,571 | €52,660 | -€189,911 | -78.3% |
| Profit (loss) for the period | 9904 | €2,326,861 | €154,951 | -€2.2m | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,326,861 | €154,951 | -€2.2m | -93.3% |
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 18 October 2026 via checked.be.