GS AVIATION SERVICES: 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.
GS AVIATION SERVICES
Largest movements
- Cash +€86,126
up €86,126 (+474%), from €18,181 to €104,307
mainly Net result for the year (+€100,920) and Other debts (+€91,627)
- Receivables within one year +€63,839
up €63,839 (+72.3%), from €88,249 to €152,088
of which Trade receivables: +€63,789
- Tangible fixed assets -€26,111
down €26,111 (-93.9%), from €27,801 to €1,689
of which Leasing and similar rights: -€13,747
- Deferred charges and accrued income +€6,202
new in 2025: €6,202
- Other debts +€91,627
up €91,627 (+2,310%), from €3,967 to €95,594
- Tax, wage and social debts +€41,168
up €41,168 (+117%), from €35,311 to €76,479
of which Taxes: +€40,257
- Trade debts +€20,610
up €20,610 (+4,744%), from €434 to €21,044
- Profit (loss) carried forward -€17,080
down €17,080 (-22.9%), from €74,613 to €57,532
- Current portion of long-term debt -€7,443
down €7,443 (-100%), from €7,443 to €0
- Gross operating margin +€91,349
up €91,349 (+107%), from €85,289 to €176,638
- Taxes +€34,007
up €34,007 (+2,957%), from €1,150 to €35,157
- Depreciation -€8,594
down €8,594 (-79.1%), from €10,864 to €2,270
- Financial income +€7,480
up €7,480 (+2,802%), from €267 to €7,747
- Staff costs -€3,315
down €3,315 (-7.5%), from €43,981 to €40,666
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 | €136,768 | €266,014 | +€129,246 | +94.5% |
| Fixed assets | 21/28 | €30,337 | €3,416 | -€26,921 | -88.7% |
| Intangible fixed assets | 21 | €1,073 | €263 | -€810 | -75.5% |
| Tangible fixed assets | 22/27 | €27,801 | €1,689 | -€26,111 | -93.9% |
| Furniture and vehicles | 24 | €14,053 | €1,689 | -€12,364 | -88.0% |
| Leasing and similar rights | 25 | €13,747 | €0 | -€13,747 | -100% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,464 | €1,464 | = | 0.0% |
| Current assets | 29/58 | €106,430 | €262,597 | +€156,167 | +147% |
| Amounts receivable within one year | 40/41 | €88,249 | €152,088 | +€63,839 | +72.3% |
| Trade receivables | 40 | €88,249 | €152,038 | +€63,789 | +72.3% |
| Other amounts receivable | 41 | €0 | €50 | +€50 | |
| Cash at bank and in hand | 54/58 | €18,181 | €104,307 | +€86,126 | +474% |
| Deferred charges and accrued income | 490/1 | - | €6,202 | +€6,202 | |
| Total equity and liabilities | 10/49 | €136,768 | €266,014 | +€129,246 | +94.5% |
| Equity | 10/15 | €89,613 | €72,532 | -€17,080 | -19.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,613 | €57,532 | -€17,080 | -22.9% |
| Amounts payable | 17/49 | €47,155 | €193,481 | +€146,326 | +310% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €47,155 | €193,117 | +€145,962 | +310% |
| Current portion of amounts payable after more than one year | 42 | €7,443 | €0 | -€7,443 | -100% |
| Trade debts | 44 | €434 | €21,044 | +€20,610 | +4,744% |
| Suppliers | 440/4 | €434 | €21,044 | +€20,610 | +4,744% |
| Taxes, remuneration and social security | 45 | €35,311 | €76,479 | +€41,168 | +117% |
| Taxes | 450/3 | €31,646 | €71,903 | +€40,257 | +127% |
| Remuneration and social security | 454/9 | €3,665 | €4,576 | +€911 | +24.9% |
| Other amounts payable | 47/48 | €3,967 | €95,594 | +€91,627 | +2,310% |
| Accrued charges and deferred income | 492/3 | €0 | €365 | +€365 | |
| Remuneration, social security and pensions | 62 | €43,981 | €40,666 | -€3,315 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,864 | €2,270 | -€8,594 | -79.1% |
| Other operating charges | 640/8 | €2,903 | €4,199 | +€1,296 | +44.6% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €85,289 | €176,638 | +€91,349 | +107% |
| Operating profit (loss) | 9901 | €27,541 | €129,503 | +€101,962 | +370% |
| Financial income | 75/76B | €267 | €7,747 | +€7,480 | +2,802% |
| Recurring financial income | 75 | €267 | €7,747 | +€7,480 | +2,802% |
| Financial charges | 65/66B | €924 | €1,174 | +€250 | +27.0% |
| Recurring financial charges | 65 | €924 | €1,174 | +€250 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €26,884 | €136,076 | +€109,193 | +406% |
| Income taxes | 67/77 | €1,150 | €35,157 | +€34,007 | +2,957% |
| Profit (loss) for the period | 9904 | €25,733 | €100,920 | +€75,186 | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €25,733 | €100,920 | +€75,186 | +292% |
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.