GS LABS: 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 LABS
Largest movements
- Cash +€14,747
up €14,747 (+86.7%), from €17,000 to €31,746
mainly Tax, wage and social debts (+€9,249) and Net result for the year (+€7,580)
- Receivables within one year +€937
up €937 (+15.0%), from €6,226 to €7,163
of which Trade receivables: +€1,347
- Profit (loss) carried forward +€9,339
up €9,339 (+295%), from €3,167 to €12,506
- Tax, wage and social debts +€9,249
up €9,249 (+69.5%), from €13,310 to €22,558
of which Taxes: +€8,483
- Other debts -€2,474
down €2,474 (-22.7%), from €10,879 to €8,406
- Gross operating margin +€36,175
up €36,175 (+84.8%), from €42,659 to €78,833
- Staff costs +€27,069
up €27,069 (+82.7%), from €32,721 to €59,790
- Financial charges +€2,359
up €2,359 (+141%), from €1,678 to €4,038
- Taxes +€1,771
up €1,771 (+101%), from €1,759 to €3,530
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 | €35,234 | €51,419 | +€16,185 | +45.9% |
| Fixed assets | 21/28 | €5,059 | €5,253 | +€195 | +3.8% |
| Tangible fixed assets | 22/27 | €2,559 | €2,753 | +€195 | +7.6% |
| Plant, machinery and equipment | 23 | €984 | €475 | -€510 | -51.8% |
| Furniture and vehicles | 24 | €1,574 | €2,278 | +€704 | +44.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €30,176 | €46,166 | +€15,990 | +53.0% |
| Stocks and contracts in progress | 3 | €6,950 | €7,257 | +€307 | +4.4% |
| Stocks | 30/36 | €6,950 | €7,257 | +€307 | +4.4% |
| Amounts receivable within one year | 40/41 | €6,226 | €7,163 | +€937 | +15.0% |
| Trade receivables | 40 | €5,816 | €7,163 | +€1,347 | +23.2% |
| Other amounts receivable | 41 | €410 | - | -€410 | |
| Cash at bank and in hand | 54/58 | €17,000 | €31,746 | +€14,747 | +86.7% |
| Total equity and liabilities | 10/49 | €35,234 | €51,419 | +€16,185 | +45.9% |
| Equity | 10/15 | €6,167 | €15,506 | +€9,339 | +151% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,167 | €12,506 | +€9,339 | +295% |
| Amounts payable | 17/49 | €29,068 | €35,914 | +€6,846 | +23.6% |
| Amounts payable within one year | 42/48 | €29,068 | €35,914 | +€6,846 | +23.6% |
| Trade debts | 44 | €4,878 | €4,950 | +€71 | +1.5% |
| Suppliers | 440/4 | €4,878 | €4,950 | +€71 | +1.5% |
| Taxes, remuneration and social security | 45 | €13,310 | €22,558 | +€9,249 | +69.5% |
| Taxes | 450/3 | €1,759 | €10,242 | +€8,483 | +482% |
| Remuneration and social security | 454/9 | €11,551 | €12,316 | +€766 | +6.6% |
| Other amounts payable | 47/48 | €10,879 | €8,406 | -€2,474 | -22.7% |
| Remuneration, social security and pensions | 62 | €32,721 | €59,790 | +€27,069 | +82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €1,768 | +€527 | +42.4% |
| Other operating charges | 640/8 | €2,119 | €2,128 | +€10 | +0.5% |
| Gross operating margin | 9900 | €42,659 | €78,833 | +€36,175 | +84.8% |
| Operating profit (loss) | 9901 | €6,578 | €15,147 | +€8,569 | +130% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €1,678 | €4,038 | +€2,359 | +141% |
| Recurring financial charges | 65 | €1,678 | €4,038 | +€2,359 | +141% |
| Profit (loss) for the period before taxes | 9903 | €4,926 | €11,110 | +€6,184 | +126% |
| Income taxes | 67/77 | €1,759 | €3,530 | +€1,771 | +101% |
| Profit (loss) for the period | 9904 | €3,167 | €7,580 | +€4,413 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €3,167 | €7,580 | +€4,413 | +139% |
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 29 October 2026 via checked.be.