GFSERVICES: 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.
GFSERVICES
Largest movements
- Receivables within one year +€36,312
up €36,312 (+78.3%), from €46,351 to €82,663
of which Other amounts receivable: +€44,192
- Tangible fixed assets -€17,544
down €17,544 (-23.3%), from €75,395 to €57,852
of which Furniture and vehicles: -€17,966
- Profit (loss) carried forward +€23,853
up €23,853 (+41.3%), from €57,792 to €81,645
- Debts after one year -€16,910
down €16,910 (-45.2%), from €37,379 to €20,469
- Current portion of long-term debt +€4,781
up €4,781 (+16.8%), from €28,472 to €33,252
- Tax, wage and social debts +€2,800
new in 2025: €2,800
- Trade debts +€2,183
up €2,183 (+107%), from €2,040 to €4,223
- Gross operating margin +€30,427
up €30,427 (+82.5%), from €36,880 to €67,306
- Turnover +€25,889
up €25,889 (+10.8%), from €238,899 to €264,787
- Staff costs +€11,580
new in 2025: €11,580
- Taxes +€8,566
new in 2025: €8,566
- Depreciation +€6,508
up €6,508 (+53.1%), from €12,253 to €18,761
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 | €127,683 | €144,390 | +€16,707 | +13.1% |
| Fixed assets | 21/28 | €75,635 | €58,092 | -€17,544 | -23.2% |
| Tangible fixed assets | 22/27 | €75,395 | €57,852 | -€17,544 | -23.3% |
| Plant, machinery and equipment | 23 | €3,009 | €3,431 | +€422 | +14.0% |
| Furniture and vehicles | 24 | €72,386 | €54,420 | -€17,966 | -24.8% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €52,047 | €86,298 | +€34,251 | +65.8% |
| Amounts receivable within one year | 40/41 | €46,351 | €82,663 | +€36,312 | +78.3% |
| Trade receivables | 40 | €8,003 | €123 | -€7,880 | -98.5% |
| Other amounts receivable | 41 | €38,348 | €82,540 | +€44,192 | +115% |
| Cash at bank and in hand | 54/58 | €4,389 | €3,584 | -€806 | -18.4% |
| Deferred charges and accrued income | 490/1 | €1,307 | €51 | -€1,255 | -96.1% |
| Total equity and liabilities | 10/49 | €127,683 | €144,390 | +€16,707 | +13.1% |
| Equity | 10/15 | €59,792 | €83,645 | +€23,853 | +39.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,792 | €81,645 | +€23,853 | +41.3% |
| Amounts payable | 17/49 | €67,890 | €60,744 | -€7,146 | -10.5% |
| Amounts payable after more than one year | 17 | €37,379 | €20,469 | -€16,910 | -45.2% |
| Financial debts | 170/4 | €37,379 | €20,469 | -€16,910 | -45.2% |
| Amounts payable within one year | 42/48 | €30,512 | €40,276 | +€9,764 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €28,472 | €33,252 | +€4,781 | +16.8% |
| Trade debts | 44 | €2,040 | €4,223 | +€2,183 | +107% |
| Suppliers | 440/4 | €2,040 | €4,223 | +€2,183 | +107% |
| Taxes, remuneration and social security | 45 | - | €2,800 | +€2,800 | |
| Taxes | 450/3 | - | €2,800 | +€2,800 | |
| Turnover | 70 | €238,899 | €264,787 | +€25,889 | +10.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €202,019 | €197,481 | -€4,538 | -2.2% |
| Remuneration, social security and pensions | 62 | - | €11,580 | +€11,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,253 | €18,761 | +€6,508 | +53.1% |
| Other operating charges | 640/8 | €425 | €753 | +€328 | +77.1% |
| Gross operating margin | 9900 | €36,880 | €67,306 | +€30,427 | +82.5% |
| Operating profit (loss) | 9901 | €24,202 | €36,212 | +€12,010 | +49.6% |
| Financial income | 75/76B | €407 | - | -€407 | |
| Recurring financial income | 75 | €407 | - | -€407 | |
| Financial charges | 65/66B | €2,064 | €3,793 | +€1,728 | +83.7% |
| Recurring financial charges | 65 | €2,064 | €3,793 | +€1,728 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €22,545 | €32,420 | +€9,875 | +43.8% |
| Income taxes | 67/77 | - | €8,566 | +€8,566 | |
| Profit (loss) for the period | 9904 | €22,545 | €23,853 | +€1,309 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,545 | €23,853 | +€1,309 | +5.8% |
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 23 October 2026 via checked.be.