GCS Epdm: 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.
GCS Epdm
Largest movements
- Tangible fixed assets +€18,218
up €18,218 (+232%), from €7,846 to €26,063
of which Furniture and vehicles: +€16,966
- Cash +€14,988
up €14,988 (+131%), from €11,440 to €26,429
mainly Net result for the year (+€29,446) and Depreciation (+€8,700)
- Receivables within one year -€5,485
down €5,485 (-12.4%), from €44,076 to €38,591
of which Trade receivables: -€17,843
- Deferred charges and accrued income +€1,594
up €1,594 (+63.3%), from €2,516 to €4,110
- Financial fixed assets +€1,500
new in 2025: €1,500
- Reserves +€29,400
up €29,400 (+101%), from €29,000 to €58,400
- Debts after one year -€6,565
down €6,565 (-85.5%), from €7,675 to €1,110
- Tax, wage and social debts +€4,029
up €4,029 (+46.7%), from €8,621 to €12,650
- Advances received +€2,162
new in 2025: €2,162
- Trade debts +€1,747
up €1,747 (+23.1%), from €7,566 to €9,313
- Gross operating margin +€27,614
up €27,614 (+105%), from €26,225 to €53,839
- Taxes +€6,958
up €6,958 (+106%), from €6,557 to €13,516
- Depreciation +€5,492
up €5,492 (+171%), from €3,208 to €8,700
- Financial charges +€1,301
up €1,301 (+147%), from €888 to €2,189
- Other operating charges -€980
down €980 (-50.0%), from €1,959 to €979
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 | €65,879 | €96,694 | +€30,815 | +46.8% |
| Fixed assets | 21/28 | €7,846 | €27,563 | +€19,718 | +251% |
| Tangible fixed assets | 22/27 | €7,846 | €26,063 | +€18,218 | +232% |
| Plant, machinery and equipment | 23 | €7,527 | €8,778 | +€1,251 | +16.6% |
| Furniture and vehicles | 24 | €319 | €17,285 | +€16,966 | +5,321% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €58,033 | €69,130 | +€11,097 | +19.1% |
| Amounts receivable within one year | 40/41 | €44,076 | €38,591 | -€5,485 | -12.4% |
| Trade receivables | 40 | €29,927 | €12,083 | -€17,843 | -59.6% |
| Other amounts receivable | 41 | €14,150 | €26,508 | +€12,358 | +87.3% |
| Cash at bank and in hand | 54/58 | €11,440 | €26,429 | +€14,988 | +131% |
| Deferred charges and accrued income | 490/1 | €2,516 | €4,110 | +€1,594 | +63.3% |
| Total equity and liabilities | 10/49 | €65,879 | €96,694 | +€30,815 | +46.8% |
| Equity | 10/15 | €35,448 | €64,894 | +€29,446 | +83.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,000 | €58,400 | +€29,400 | +101% |
| Distributable reserves | 133 | €29,000 | €58,400 | +€29,400 | +101% |
| Profit (loss) carried forward | 14 | €3,948 | €3,994 | +€46 | +1.2% |
| Amounts payable | 17/49 | €30,431 | €31,800 | +€1,369 | +4.5% |
| Amounts payable after more than one year | 17 | €7,675 | €1,110 | -€6,565 | -85.5% |
| Financial debts | 170/4 | €7,675 | €1,110 | -€6,565 | -85.5% |
| Amounts payable within one year | 42/48 | €22,594 | €30,690 | +€8,096 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €6,408 | €6,565 | +€158 | +2.5% |
| Trade debts | 44 | €7,566 | €9,313 | +€1,747 | +23.1% |
| Suppliers | 440/4 | €7,566 | €9,313 | +€1,747 | +23.1% |
| Advances received on contracts in progress | 46 | - | €2,162 | +€2,162 | |
| Taxes, remuneration and social security | 45 | €8,621 | €12,650 | +€4,029 | +46.7% |
| Taxes | 450/3 | €8,621 | €12,650 | +€4,029 | +46.7% |
| Accrued charges and deferred income | 492/3 | €162 | - | -€162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,208 | €8,700 | +€5,492 | +171% |
| Other operating charges | 640/8 | €1,959 | €979 | -€980 | -50.0% |
| Gross operating margin | 9900 | €26,225 | €53,839 | +€27,614 | +105% |
| Operating profit (loss) | 9901 | €21,058 | €44,161 | +€23,102 | +110% |
| Financial income | 75/76B | €595 | €990 | +€394 | +66.3% |
| Recurring financial income | 75 | €595 | €990 | +€394 | +66.3% |
| Financial charges | 65/66B | €888 | €2,189 | +€1,301 | +147% |
| Recurring financial charges | 65 | €888 | €2,189 | +€1,301 | +147% |
| Profit (loss) for the period before taxes | 9903 | €20,766 | €42,962 | +€22,196 | +107% |
| Income taxes | 67/77 | €6,557 | €13,516 | +€6,958 | +106% |
| Profit (loss) for the period | 9904 | €14,208 | €29,446 | +€15,238 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €14,208 | €29,446 | +€15,238 | +107% |
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 25 October 2026 via checked.be.