GF Service: 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.
GF Service
Largest movements
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Tangible fixed assets +€38,264
up €38,264 (+28.7%), from €133,504 to €171,768
- Stocks and contracts -€9,416
down €9,416 (-4.7%), from €200,876 to €191,460
- Receivables within one year +€7,033
up €7,033 (+33.0%), from €21,331 to €28,364
of which Other amounts receivable: +€7,059
- Profit (loss) carried forward -€71,358
down €71,358, from €9,701 to -€61,657
- Trade debts +€29,976
up €29,976 (+16.4%), from €182,783 to €212,759
- Debts after one year +€23,567
up €23,567 (+83.7%), from €28,156 to €51,723
- Other debts -€18,930
down €18,930 (-74.5%), from €25,405 to €6,475
- Short-term financial debts +€16,341
up €16,341 (+127%), from €12,864 to €29,205
- Gross operating margin -€98,540
down €98,540 (-15.7%), from €626,366 to €527,826
- Staff costs -€7,493
down €7,493 (-1.3%), from €569,819 to €562,326
- Other operating charges -€7,101
down €7,101 (-77.5%), from €9,158 to €2,057
- Depreciation -€6,401
down €6,401 (-16.5%), from €38,683 to €32,282
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 | €529,796 | €516,570 | -€13,226 | -2.5% |
| Fixed assets | 21/28 | €133,504 | €171,768 | +€38,264 | +28.7% |
| Tangible fixed assets | 22/27 | €133,504 | €171,768 | +€38,264 | +28.7% |
| Furniture and vehicles | 24 | €133,504 | €171,768 | +€38,264 | +28.7% |
| Current assets | 29/58 | €396,292 | €344,802 | -€51,490 | -13.0% |
| Stocks and contracts in progress | 3 | €200,876 | €191,460 | -€9,416 | -4.7% |
| Stocks | 30/36 | €200,876 | €191,460 | -€9,416 | -4.7% |
| Amounts receivable within one year | 40/41 | €21,331 | €28,364 | +€7,033 | +33.0% |
| Trade receivables | 40 | €4,642 | €4,616 | -€26 | -0.6% |
| Other amounts receivable | 41 | €16,689 | €23,748 | +€7,059 | +42.3% |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €15,226 | €19,086 | +€3,860 | +25.4% |
| Deferred charges and accrued income | 490/1 | €8,859 | €5,892 | -€2,967 | -33.5% |
| Total equity and liabilities | 10/49 | €529,796 | €516,570 | -€13,226 | -2.5% |
| Equity | 10/15 | €182,161 | €110,803 | -€71,358 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €153,860 | €153,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €152,000 | €152,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,701 | -€61,657 | -€71,358 | |
| Amounts payable | 17/49 | €347,635 | €405,767 | +€58,132 | +16.7% |
| Amounts payable after more than one year | 17 | €28,156 | €51,723 | +€23,567 | +83.7% |
| Financial debts | 170/4 | €28,156 | €51,723 | +€23,567 | +83.7% |
| Amounts payable within one year | 42/48 | €319,479 | €354,044 | +€34,565 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €25,081 | €33,504 | +€8,423 | +33.6% |
| Financial debts | 43 | €12,864 | €29,205 | +€16,341 | +127% |
| Credit institutions | 430/8 | €12,864 | €29,205 | +€16,341 | +127% |
| Trade debts | 44 | €182,783 | €212,759 | +€29,976 | +16.4% |
| Suppliers | 440/4 | €182,783 | €212,759 | +€29,976 | +16.4% |
| Taxes, remuneration and social security | 45 | €73,346 | €72,101 | -€1,245 | -1.7% |
| Taxes | 450/3 | €8,313 | €4,396 | -€3,917 | -47.1% |
| Remuneration and social security | 454/9 | €65,033 | €67,705 | +€2,672 | +4.1% |
| Other amounts payable | 47/48 | €25,405 | €6,475 | -€18,930 | -74.5% |
| Remuneration, social security and pensions | 62 | €569,819 | €562,326 | -€7,493 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,683 | €32,282 | -€6,401 | -16.5% |
| Other operating charges | 640/8 | €9,158 | €2,057 | -€7,101 | -77.5% |
| Gross operating margin | 9900 | €626,366 | €527,826 | -€98,540 | -15.7% |
| Operating profit (loss) | 9901 | €8,706 | -€68,839 | -€77,545 | |
| Financial income | 75/76B | €15,622 | €9,772 | -€5,850 | -37.4% |
| Recurring financial income | 75 | €447 | €9,772 | +€9,325 | +2,086% |
| Non-recurring financial income | 76B | €15,175 | - | -€15,175 | |
| Financial charges | 65/66B | €12,467 | €9,650 | -€2,817 | -22.6% |
| Recurring financial charges | 65 | €12,467 | €9,650 | -€2,817 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €11,861 | -€68,717 | -€80,578 | |
| Income taxes | 67/77 | €4,269 | €2,641 | -€1,628 | -38.1% |
| Profit (loss) for the period | 9904 | €7,592 | -€71,358 | -€78,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,592 | -€71,358 | -€78,950 |
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.