GS DECOR: 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 DECOR
Largest movements
- Cash +€10,023
up €10,023 (+43.4%), from €23,081 to €33,104
mainly Receivables within one year (+€9,316) and Net result for the year (+€5,051)
- Receivables within one year -€9,316
down €9,316 (-31.6%), from €29,463 to €20,147
of which Trade receivables: -€9,500
- Accrued charges and deferred income -€7,000
no longer reported in 2025 (was €7,000)
- Profit (loss) carried forward +€5,051
up €5,051 (+29.9%), from €16,880 to €21,931
- Tax, wage and social debts +€1,501
up €1,501 (+19.8%), from €7,564 to €9,065
of which Taxes: +€1,101
- Other debts +€1,208
up €1,208 (+10.7%), from €11,254 to €12,462
- Gross operating margin -€5,157
down €5,157 (-39.6%), from €13,022 to €7,865
- Taxes -€783
down €783 (-28.6%), from €2,736 to €1,953
- Staff costs +€271
new in 2025: €271
- Financial charges -€209
down €209 (-66.6%), from €313 to €104
- Other operating charges -€155
down €155 (-24.3%), from €640 to €485
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 | €52,544 | €53,251 | +€707 | +1.3% |
| Current assets | 29/58 | €52,544 | €53,251 | +€707 | +1.3% |
| Amounts receivable within one year | 40/41 | €29,463 | €20,147 | -€9,316 | -31.6% |
| Trade receivables | 40 | €29,463 | €19,963 | -€9,500 | -32.2% |
| Other amounts receivable | 41 | - | €184 | +€184 | |
| Cash at bank and in hand | 54/58 | €23,081 | €33,104 | +€10,023 | +43.4% |
| Total equity and liabilities | 10/49 | €52,544 | €53,251 | +€707 | +1.3% |
| Equity | 10/15 | €25,681 | €30,732 | +€5,051 | +19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,601 | €2,601 | -€0 | 0.0% |
| Distributable reserves | 133 | €2,601 | €2,601 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €16,880 | €21,931 | +€5,051 | +29.9% |
| Amounts payable | 17/49 | €26,863 | €22,520 | -€4,343 | -16.2% |
| Amounts payable within one year | 42/48 | €19,863 | €22,520 | +€2,657 | +13.4% |
| Trade debts | 44 | €1,045 | €993 | -€52 | -5.0% |
| Suppliers | 440/4 | €1,045 | €993 | -€52 | -5.0% |
| Taxes, remuneration and social security | 45 | €7,564 | €9,065 | +€1,501 | +19.8% |
| Taxes | 450/3 | €4,764 | €5,865 | +€1,101 | +23.1% |
| Remuneration and social security | 454/9 | €2,800 | €3,200 | +€400 | +14.3% |
| Other amounts payable | 47/48 | €11,254 | €12,462 | +€1,208 | +10.7% |
| Accrued charges and deferred income | 492/3 | €7,000 | - | -€7,000 | |
| Remuneration, social security and pensions | 62 | - | €271 | +€271 | |
| Other operating charges | 640/8 | €640 | €485 | -€155 | -24.3% |
| Gross operating margin | 9900 | €13,022 | €7,865 | -€5,157 | -39.6% |
| Operating profit (loss) | 9901 | €12,382 | €7,109 | -€5,273 | -42.6% |
| Financial charges | 65/66B | €313 | €104 | -€209 | -66.6% |
| Recurring financial charges | 65 | €313 | €104 | -€209 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €12,069 | €7,004 | -€5,065 | -42.0% |
| Income taxes | 67/77 | €2,736 | €1,953 | -€783 | -28.6% |
| Profit (loss) for the period | 9904 | €9,333 | €5,051 | -€4,282 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,333 | €5,051 | -€4,282 | -45.9% |
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 14 October 2026 via checked.be.