GAZ SERVICES: 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.
GAZ SERVICES
Largest movements
- Tangible fixed assets +€43,753
up €43,753 (+29.9%), from €146,391 to €190,144
of which Furniture and vehicles: +€45,072
- Cash -€17,807
down €17,807 (-29.2%), from €60,937 to €43,129
mainly Investment in fixed assets (net) (-€93,208) and Current portion of long-term debt (-€16,698)
- Receivables within one year +€13,671
up €13,671 (+93.1%), from €14,678 to €28,348
of which Trade receivables: +€9,634
- Other debts +€69,041
up €69,041 (+46.7%), from €147,774 to €216,814
- Current portion of long-term debt -€16,698
no longer reported in 2025 (was €16,698)
- Tax, wage and social debts -€12,708
down €12,708 (-76.8%), from €16,553 to €3,845
of which Taxes: -€12,672
- Reserves +€4,451
up €4,451 (+18.6%), from €23,931 to €28,382
of which Distributable reserves: +€4,451
- Staff costs +€14,560
up €14,560 (+66.4%), from €21,917 to €36,477
- Depreciation +€13,495
up €13,495 (+37.5%), from €35,960 to €49,455
- Taxes -€8,347
down €8,347 (-68.7%), from €12,154 to €3,807
- Gross operating margin +€2,578
up €2,578 (+2.6%), from €98,686 to €101,264
- Other operating charges -€1,203
down €1,203 (-37.6%), from €3,202 to €1,999
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 | €224,433 | €266,367 | +€41,934 | +18.7% |
| Fixed assets | 21/28 | €146,596 | €190,349 | +€43,753 | +29.8% |
| Tangible fixed assets | 22/27 | €146,391 | €190,144 | +€43,753 | +29.9% |
| Land and buildings | 22 | €29,311 | €27,955 | -€1,355 | -4.6% |
| Plant, machinery and equipment | 23 | €3,550 | €2,412 | -€1,139 | -32.1% |
| Furniture and vehicles | 24 | €90,245 | €135,317 | +€45,072 | +49.9% |
| Other tangible fixed assets | 26 | €23,285 | €24,461 | +€1,176 | +5.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €77,837 | €76,018 | -€1,819 | -2.3% |
| Amounts receivable within one year | 40/41 | €14,678 | €28,348 | +€13,671 | +93.1% |
| Trade receivables | 40 | €14,678 | €24,311 | +€9,634 | +65.6% |
| Other amounts receivable | 41 | - | €4,037 | +€4,037 | |
| Cash at bank and in hand | 54/58 | €60,937 | €43,129 | -€17,807 | -29.2% |
| Deferred charges and accrued income | 490/1 | €2,223 | €4,540 | +€2,318 | +104% |
| Total equity and liabilities | 10/49 | €224,433 | €266,367 | +€41,934 | +18.7% |
| Equity | 10/15 | €33,931 | €38,382 | +€4,451 | +13.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,931 | €28,382 | +€4,451 | +18.6% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €22,931 | €27,382 | +€4,451 | +19.4% |
| Amounts payable | 17/49 | €190,501 | €227,985 | +€37,483 | +19.7% |
| Amounts payable after more than one year | 17 | €307 | - | -€307 | |
| Financial debts | 170/4 | €307 | - | -€307 | |
| Amounts payable within one year | 42/48 | €190,194 | €227,985 | +€37,791 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €16,698 | - | -€16,698 | |
| Trade debts | 44 | €9,170 | €7,326 | -€1,844 | -20.1% |
| Suppliers | 440/4 | €9,170 | €7,326 | -€1,844 | -20.1% |
| Taxes, remuneration and social security | 45 | €16,553 | €3,845 | -€12,708 | -76.8% |
| Taxes | 450/3 | €15,657 | €2,985 | -€12,672 | -80.9% |
| Remuneration and social security | 454/9 | €896 | €859 | -€36 | -4.0% |
| Other amounts payable | 47/48 | €147,774 | €216,814 | +€69,041 | +46.7% |
| Remuneration, social security and pensions | 62 | €21,917 | €36,477 | +€14,560 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,960 | €49,455 | +€13,495 | +37.5% |
| Other operating charges | 640/8 | €3,202 | €1,999 | -€1,203 | -37.6% |
| Non-recurring operating charges | 66A | €128 | €5,158 | +€5,030 | +3,929% |
| Gross operating margin | 9900 | €98,686 | €101,264 | +€2,578 | +2.6% |
| Operating profit (loss) | 9901 | €37,480 | €8,176 | -€29,304 | -78.2% |
| Financial income | 75/76B | €173 | €339 | +€166 | +95.9% |
| Recurring financial income | 75 | €173 | €339 | +€166 | +95.9% |
| Financial charges | 65/66B | €214 | €256 | +€42 | +19.8% |
| Recurring financial charges | 65 | €214 | €256 | +€42 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €37,438 | €8,258 | -€29,181 | -77.9% |
| Income taxes | 67/77 | €12,154 | €3,807 | -€8,347 | -68.7% |
| Profit (loss) for the period | 9904 | €25,285 | €4,451 | -€20,833 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,285 | €4,451 | -€20,833 | -82.4% |
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 17 October 2026 via checked.be.