GS DELIVERY: 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 DELIVERY
Largest movements
- Receivables within one year -€1,951
down €1,951 (-30.6%), from €6,372 to €4,421
of which Trade receivables: -€2,478
- Cash +€1,440
up €1,440 (+3254.1%), from €44 to €1,484
mainly Tax, wage and social debts (+€2,200) and Receivables within one year (+€1,951)
- Deferred charges and accrued income +€791
up €791 (+1643.9%), from €48 to €839
- Stocks and contracts -€221
down €221 (-4.2%), from €5,231 to €5,011
- Tax, wage and social debts +€2,200
up €2,200 (+68.2%), from €3,226 to €5,426
of which Remuneration and social security: +€2,222
- Trade debts +€1,665
up €1,665 (+24.8%), from €6,720 to €8,385
- Accrued charges and deferred income -€1,386
down €1,386 (-89.5%), from €1,549 to €163
- Profit (loss) carried forward -€1,377
down €1,377 (-63.2%), from -€2,180 to -€3,556
- Other debts -€980
down €980 (-76.5%), from €1,281 to €301
- Staff costs +€8,742
up €8,742 (+35.3%), from €24,763 to €33,505
- Other operating charges -€1,729
down €1,729 (-89.5%), from €1,932 to €204
- Gross operating margin +€641
up €641 (+1.9%), from €34,225 to €34,865
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 | €13,165 | €13,218 | +€53 | +0.4% |
| Fixed assets | 21/28 | €1,470 | €1,463 | -€7 | -0.5% |
| Tangible fixed assets | 22/27 | €1,470 | €1,463 | -€7 | -0.5% |
| Plant, machinery and equipment | 23 | €1,294 | €843 | -€451 | -34.8% |
| Furniture and vehicles | 24 | €176 | €620 | +€444 | +252.3% |
| Current assets | 29/58 | €11,695 | €11,755 | +€60 | +0.5% |
| Stocks and contracts in progress | 3 | €5,231 | €5,011 | -€221 | -4.2% |
| Stocks | 30/36 | €5,231 | €5,011 | -€221 | -4.2% |
| Amounts receivable within one year | 40/41 | €6,372 | €4,421 | -€1,951 | -30.6% |
| Trade receivables | 40 | €6,372 | €3,894 | -€2,478 | -38.9% |
| Other amounts receivable | 41 | - | €528 | +€528 | |
| Cash at bank and in hand | 54/58 | €44 | €1,484 | +€1,440 | +3254.1% |
| Deferred charges and accrued income | 490/1 | €48 | €839 | +€791 | +1643.9% |
| Total equity and liabilities | 10/49 | €13,165 | €13,218 | +€53 | +0.4% |
| Equity | 10/15 | €320 | -€1,056 | -€1,377 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,180 | -€3,556 | -€1,377 | -63.2% |
| Amounts payable | 17/49 | €12,845 | €14,274 | +€1,430 | +11.1% |
| Amounts payable within one year | 42/48 | €11,295 | €14,111 | +€2,816 | +24.9% |
| Trade debts | 44 | €6,720 | €8,385 | +€1,665 | +24.8% |
| Suppliers | 440/4 | €6,720 | €8,385 | +€1,665 | +24.8% |
| Advances received on contracts in progress | 46 | €70 | €0 | -€70 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,226 | €5,426 | +€2,200 | +68.2% |
| Taxes | 450/3 | €22 | €0 | -€22 | -100.0% |
| Remuneration and social security | 454/9 | €3,204 | €5,426 | +€2,222 | +69.4% |
| Other amounts payable | 47/48 | €1,281 | €301 | -€980 | -76.5% |
| Accrued charges and deferred income | 492/3 | €1,549 | €163 | -€1,386 | -89.5% |
| Remuneration, social security and pensions | 62 | €24,763 | €33,505 | +€8,742 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €833 | +€146 | +21.2% |
| Other operating charges | 640/8 | €1,932 | €204 | -€1,729 | -89.5% |
| Gross operating margin | 9900 | €34,225 | €34,865 | +€641 | +1.9% |
| Operating profit (loss) | 9901 | €6,841 | €324 | -€6,518 | -95.3% |
| Financial income | 75/76B | €9 | €2 | -€8 | -82.8% |
| Recurring financial income | 75 | €9 | €2 | -€8 | -82.8% |
| Financial charges | 65/66B | €1,993 | €1,702 | -€291 | -14.6% |
| Recurring financial charges | 65 | €1,993 | €1,702 | -€291 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €4,858 | -€1,377 | -€6,234 | |
| Profit (loss) for the period | 9904 | €4,858 | -€1,377 | -€6,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,858 | -€1,377 | -€6,234 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.