GS IT Services: 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.
GS IT Services
Largest movements
- Tangible fixed assets -€13,574
down €13,574 (-22.5%), from €60,445 to €46,871
of which Furniture and vehicles: -€13,423
- Cash -€12,152
down €12,152 (-40.7%), from €29,870 to €17,717
mainly Debts after one year (-€12,349) and Tax, wage and social debts (-€10,288)
- Receivables within one year +€8,720
up €8,720 (+44.0%), from €19,832 to €28,552
of which Trade receivables: +€9,461
- Debts after one year -€12,349
down €12,349 (-35.0%), from €35,306 to €22,957
- Tax, wage and social debts -€10,288
down €10,288 (-76.2%), from €13,510 to €3,222
- Reserves +€9,188
up €9,188 (+34.9%), from €26,335 to €35,523
of which Distributable reserves: +€9,188
- Contributions -€6,000
down €6,000 (-48.4%), from €12,400 to €6,400
- Gross operating margin +€16,617
up €16,617 (+99.1%), from €16,765 to €33,382
- Depreciation +€8,765
up €8,765 (+182.2%), from €4,809 to €13,574
- Taxes +€5,291
up €5,291 (+192.5%), from €2,749 to €8,040
- Other operating charges -€3,326
down €3,326 (-92.7%), from €3,589 to €263
- Financial charges +€1,577
up €1,577 (+212.3%), from €743 to €2,320
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 | €110,147 | €93,140 | -€17,006 | -15.4% |
| Fixed assets | 21/28 | €60,445 | €46,871 | -€13,574 | -22.5% |
| Tangible fixed assets | 22/27 | €60,445 | €46,871 | -€13,574 | -22.5% |
| Plant, machinery and equipment | 23 | €1,467 | €1,315 | -€152 | -10.3% |
| Furniture and vehicles | 24 | €58,979 | €45,556 | -€13,423 | -22.8% |
| Current assets | 29/58 | €49,701 | €46,269 | -€3,432 | -6.9% |
| Amounts receivable within one year | 40/41 | €19,832 | €28,552 | +€8,720 | +44.0% |
| Trade receivables | 40 | €17,580 | €27,041 | +€9,461 | +53.8% |
| Other amounts receivable | 41 | €2,252 | €1,511 | -€741 | -32.9% |
| Cash at bank and in hand | 54/58 | €29,870 | €17,717 | -€12,152 | -40.7% |
| Total equity and liabilities | 10/49 | €110,147 | €93,140 | -€17,006 | -15.4% |
| Equity | 10/15 | €44,535 | €47,723 | +€3,188 | +7.2% |
| Contributions | 10/11 | €12,400 | €6,400 | -€6,000 | -48.4% |
| Reserves | 13 | €26,335 | €35,523 | +€9,188 | +34.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €26,335 | €35,523 | +€9,188 | +34.9% |
| Profit (loss) carried forward | 14 | €5,800 | €5,800 | = | 0.0% |
| Amounts payable | 17/49 | €65,611 | €45,417 | -€20,194 | -30.8% |
| Amounts payable after more than one year | 17 | €35,306 | €22,957 | -€12,349 | -35.0% |
| Financial debts | 170/4 | €35,306 | €22,957 | -€12,349 | -35.0% |
| Amounts payable within one year | 42/48 | €30,306 | €22,461 | -€7,845 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €14,234 | €14,763 | +€530 | +3.7% |
| Trade debts | 44 | €2,562 | €3,657 | +€1,095 | +42.7% |
| Suppliers | 440/4 | €2,562 | €3,657 | +€1,095 | +42.7% |
| Taxes, remuneration and social security | 45 | €13,510 | €3,222 | -€10,288 | -76.2% |
| Taxes | 450/3 | €13,510 | €3,222 | -€10,288 | -76.2% |
| Other amounts payable | 47/48 | - | €819 | +€819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,809 | €13,574 | +€8,765 | +182.2% |
| Other operating charges | 640/8 | €3,589 | €263 | -€3,326 | -92.7% |
| Gross operating margin | 9900 | €16,765 | €33,382 | +€16,617 | +99.1% |
| Operating profit (loss) | 9901 | €8,367 | €19,545 | +€11,178 | +133.6% |
| Financial income | 75/76B | €0 | €3 | +€2 | +806.7% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +806.7% |
| Financial charges | 65/66B | €743 | €2,320 | +€1,577 | +212.3% |
| Recurring financial charges | 65 | €743 | €2,320 | +€1,577 | +212.3% |
| Profit (loss) for the period before taxes | 9903 | €7,625 | €17,228 | +€9,603 | +125.9% |
| Income taxes | 67/77 | €2,749 | €8,040 | +€5,291 | +192.5% |
| Profit (loss) for the period | 9904 | €4,876 | €9,188 | +€4,312 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,876 | €9,188 | +€4,312 | +88.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.