GDS-CS: 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.
GDS-CS
Largest movements
- Tangible fixed assets -€10,970
down €10,970 (-29.7%), from €36,900 to €25,929
of which Furniture and vehicles: -€9,840
- Receivables within one year +€10,024
up €10,024 (+514%), from €1,950 to €11,974
of which Trade receivables: +€8,447
- Deferred charges and accrued income +€3,793
up €3,793 (+320%), from €1,186 to €4,979
- Cash -€2,503
down €2,503 (-16.2%), from €15,472 to €12,970
mainly Other debts (-€13,155) and Debts after one year (-€12,863)
- Profit (loss) carried forward +€29,772
up €29,772 (+87.5%), from -€34,017 to -€4,245
- Other debts -€13,155
down €13,155 (-99.8%), from €13,176 to €21
- Debts after one year -€12,863
down €12,863 (-65.9%), from €19,520 to €6,657
- Tax, wage and social debts -€2,394
down €2,394 (-100%), from €2,394 to €0
- Trade debts -€1,595
down €1,595 (-86.7%), from €1,840 to €245
- Gross operating margin +€63,809
up €63,809, from -€19,606 to €44,203
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 | €55,508 | €55,852 | +€344 | +0.6% |
| Fixed assets | 21/28 | €36,900 | €25,929 | -€10,970 | -29.7% |
| Tangible fixed assets | 22/27 | €36,900 | €25,929 | -€10,970 | -29.7% |
| Plant, machinery and equipment | 23 | €2,550 | €1,420 | -€1,130 | -44.3% |
| Furniture and vehicles | 24 | €34,350 | €24,509 | -€9,840 | -28.6% |
| Current assets | 29/58 | €18,608 | €29,923 | +€11,315 | +60.8% |
| Amounts receivable within one year | 40/41 | €1,950 | €11,974 | +€10,024 | +514% |
| Trade receivables | 40 | €121 | €8,568 | +€8,447 | +6,981% |
| Other amounts receivable | 41 | €1,829 | €3,405 | +€1,577 | +86.2% |
| Cash at bank and in hand | 54/58 | €15,472 | €12,970 | -€2,503 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,186 | €4,979 | +€3,793 | +320% |
| Total equity and liabilities | 10/49 | €55,508 | €55,852 | +€344 | +0.6% |
| Equity | 10/15 | €6,294 | €36,066 | +€29,772 | +473% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €37,911 | €37,911 | = | 0.0% |
| Distributable reserves | 133 | €37,911 | €37,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,017 | -€4,245 | +€29,772 | +87.5% |
| Amounts payable | 17/49 | €49,214 | €19,786 | -€29,428 | -59.8% |
| Amounts payable after more than one year | 17 | €19,520 | €6,657 | -€12,863 | -65.9% |
| Financial debts | 170/4 | €19,520 | €6,657 | -€12,863 | -65.9% |
| Amounts payable within one year | 42/48 | €29,694 | €13,129 | -€16,565 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €12,284 | €12,863 | +€579 | +4.7% |
| Trade debts | 44 | €1,840 | €245 | -€1,595 | -86.7% |
| Suppliers | 440/4 | €1,840 | €245 | -€1,595 | -86.7% |
| Taxes, remuneration and social security | 45 | €2,394 | €0 | -€2,394 | -100% |
| Taxes | 450/3 | €2,394 | €0 | -€2,394 | -100% |
| Other amounts payable | 47/48 | €13,176 | €21 | -€13,155 | -99.8% |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,970 | €10,970 | = | 0.0% |
| Other operating charges | 640/8 | €1,097 | €1,464 | +€367 | +33.5% |
| Gross operating margin | 9900 | -€19,606 | €44,203 | +€63,809 | |
| Operating profit (loss) | 9901 | -€31,924 | €31,768 | +€63,692 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,200% |
| Financial charges | 65/66B | €1,922 | €1,534 | -€388 | -20.2% |
| Recurring financial charges | 65 | €1,922 | €1,534 | -€388 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,846 | €30,235 | +€64,081 | |
| Income taxes | 67/77 | €171 | €463 | +€292 | +170% |
| Profit (loss) for the period | 9904 | -€34,017 | €29,772 | +€63,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,017 | €29,772 | +€63,789 |
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 30 October 2026 via checked.be.