GS MEDIA: 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 MEDIA
Largest movements
- Receivables within one year -€212,373
down €212,373 (-88.4%), from €240,172 to €27,799
- Cash +€66,308
up €66,308 (+154%), from €43,136 to €109,444
mainly Receivables within one year (+€212,373) and Net result for the year (+€45,266)
- Tangible fixed assets -€10,536
down €10,536 (-65.2%), from €16,163 to €5,627
of which Furniture and vehicles: -€10,536
- Reserves -€180,000
down €180,000 (-61.6%), from €292,310 to €112,310
- Tax, wage and social debts +€20,661
up €20,661 (+1,256%), from €1,646 to €22,307
- Trade debts +€7,265
up €7,265 (+2,081%), from €349 to €7,614
- Other debts -€5,179
down €5,179 (-99.5%), from €5,206 to €27
- Gross operating margin +€35,162
up €35,162 (+121%), from €28,949 to €64,112
- Taxes +€12,463
up €12,463 (+349%), from €3,576 to €16,039
- Depreciation -€8,616
down €8,616 (-60.2%), from €14,315 to €5,699
- Financial income +€1,811
up €1,811 (+83.8%), from €2,160 to €3,971
- Financial charges -€1,237
down €1,237 (-77.0%), from €1,607 to €370
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 | €300,511 | €143,258 | -€157,253 | -52.3% |
| Fixed assets | 21/28 | €16,163 | €5,627 | -€10,536 | -65.2% |
| Tangible fixed assets | 22/27 | €16,163 | €5,627 | -€10,536 | -65.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €16,163 | €5,627 | -€10,536 | -65.2% |
| Current assets | 29/58 | €284,347 | €137,630 | -€146,717 | -51.6% |
| Amounts receivable within one year | 40/41 | €240,172 | €27,799 | -€212,373 | -88.4% |
| Other amounts receivable | 41 | €240,172 | €27,799 | -€212,373 | -88.4% |
| Cash at bank and in hand | 54/58 | €43,136 | €109,444 | +€66,308 | +154% |
| Deferred charges and accrued income | 490/1 | €1,040 | €387 | -€652 | -62.7% |
| Total equity and liabilities | 10/49 | €300,511 | €143,258 | -€157,253 | -52.3% |
| Equity | 10/15 | €293,310 | €113,310 | -€180,000 | -61.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €292,310 | €112,310 | -€180,000 | -61.6% |
| Distributable reserves | 133 | €292,310 | €112,310 | -€180,000 | -61.6% |
| Amounts payable | 17/49 | €7,201 | €29,948 | +€22,747 | +316% |
| Amounts payable within one year | 42/48 | €7,201 | €29,948 | +€22,747 | +316% |
| Trade debts | 44 | €349 | €7,614 | +€7,265 | +2,081% |
| Suppliers | 440/4 | €349 | €7,614 | +€7,265 | +2,081% |
| Taxes, remuneration and social security | 45 | €1,646 | €22,307 | +€20,661 | +1,256% |
| Taxes | 450/3 | €1,646 | €22,307 | +€20,661 | +1,256% |
| Other amounts payable | 47/48 | €5,206 | €27 | -€5,179 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,315 | €5,699 | -€8,616 | -60.2% |
| Other operating charges | 640/8 | €641 | €709 | +€68 | +10.6% |
| Gross operating margin | 9900 | €28,949 | €64,112 | +€35,162 | +121% |
| Operating profit (loss) | 9901 | €13,993 | €57,704 | +€43,711 | +312% |
| Financial income | 75/76B | €2,160 | €3,971 | +€1,811 | +83.8% |
| Recurring financial income | 75 | €2,160 | €3,971 | +€1,811 | +83.8% |
| Financial charges | 65/66B | €1,607 | €370 | -€1,237 | -77.0% |
| Recurring financial charges | 65 | €1,607 | €370 | -€1,237 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €14,547 | €61,305 | +€46,758 | +321% |
| Income taxes | 67/77 | €3,576 | €16,039 | +€12,463 | +349% |
| Profit (loss) for the period | 9904 | €10,971 | €45,266 | +€34,295 | +313% |
| Profit (loss) for the period to be appropriated | 9905 | €10,971 | €45,266 | +€34,295 | +313% |
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 25 October 2026 via checked.be.