GJS: what changed
Two fiscal 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.
GJS
Largest movements
- Cash -€94,851
down €94,851 (-32.8%), from €289,452 to €194,601
mainly Contributions, distributions and other (-€186,582) and Tax, wage and social debts (-€91,279)
- Deferred charges and accrued income +€46,102
up €46,102 (+4012.8%), from €1,149 to €47,251
- Receivables within one year -€27,747
down €27,747 (-80.0%), from €34,696 to €6,949
- Tax, wage and social debts -€91,279
down €91,279 (-99.1%), from €92,081 to €801
- Reserves +€84,212
up €84,212 (+45.1%), from €186,582 to €270,794
- Other debts -€75,428
down €75,428 (-30.4%), from €248,476 to €173,048
- Gross operating margin -€22,521
down €22,521 (-6.1%), from €371,634 to €349,112
- Financial income +€6,617
up €6,617 (+151.2%), from €4,376 to €10,993
- Taxes -€4,996
down €4,996 (-5.6%), from €88,845 to €83,849
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.
Cash bridge derived
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 | €530,096 | €449,750 | -€80,346 | -15.2% |
| Fixed assets | 21/28 | €12,730 | €8,880 | -€3,850 | -30.2% |
| Tangible fixed assets | 22/27 | €12,730 | €8,880 | -€3,850 | -30.2% |
| Land and buildings | 22 | €1,562 | €0 | -€1,562 | -100.0% |
| Plant, machinery and equipment | 23 | €3,669 | €2,844 | -€825 | -22.5% |
| Furniture and vehicles | 24 | €7,498 | €3,198 | -€4,300 | -57.3% |
| Other tangible fixed assets | 26 | - | €2,838 | +€2,838 | |
| Current assets | 29/58 | €517,366 | €440,870 | -€76,496 | -14.8% |
| Amounts receivable within one year | 40/41 | €34,696 | €6,949 | -€27,747 | -80.0% |
| Other amounts receivable | 41 | €34,696 | €6,949 | -€27,747 | -80.0% |
| Current investments | 50/53 | €192,069 | €192,069 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €289,452 | €194,601 | -€94,851 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,149 | €47,251 | +€46,102 | +4012.8% |
| Total equity and liabilities | 10/49 | €530,096 | €449,750 | -€80,346 | -15.2% |
| Equity | 10/15 | €187,582 | €271,794 | +€84,212 | +44.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €186,582 | €270,794 | +€84,212 | +45.1% |
| Distributable reserves | 133 | €186,582 | €270,794 | +€84,212 | +45.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €342,514 | €177,956 | -€164,558 | -48.0% |
| Amounts payable within one year | 42/48 | €342,514 | €177,956 | -€164,558 | -48.0% |
| Financial debts | 43 | - | €490 | +€490 | |
| Credit institutions | 430/8 | - | €490 | +€490 | |
| Trade debts | 44 | €1,957 | €3,616 | +€1,660 | +84.8% |
| Suppliers | 440/4 | €1,957 | €3,616 | +€1,660 | +84.8% |
| Taxes, remuneration and social security | 45 | €92,081 | €801 | -€91,279 | -99.1% |
| Taxes | 450/3 | €92,081 | €801 | -€91,279 | -99.1% |
| Other amounts payable | 47/48 | €248,476 | €173,048 | -€75,428 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €3,850 | +€503 | +15.0% |
| Other operating charges | 640/8 | €635 | €856 | +€221 | +34.8% |
| Gross operating margin | 9900 | €371,634 | €349,112 | -€22,521 | -6.1% |
| Operating profit (loss) | 9901 | €367,652 | €344,407 | -€23,245 | -6.3% |
| Financial income | 75/76B | €4,376 | €10,993 | +€6,617 | +151.2% |
| Recurring financial income | 75 | €4,376 | €10,993 | +€6,617 | +151.2% |
| Financial charges | 65/66B | €793 | €756 | -€36 | -4.6% |
| Recurring financial charges | 65 | €793 | €756 | -€36 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €371,235 | €354,643 | -€16,592 | -4.5% |
| Income taxes | 67/77 | €88,845 | €83,849 | -€4,996 | -5.6% |
| Profit (loss) for the period | 9904 | €282,390 | €270,794 | -€11,596 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €282,390 | €270,794 | -€11,596 | -4.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.