GS Safety: 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 Safety
Largest movements
- Cash -€29,319
down €29,319 (-36.6%), from €80,051 to €50,732
mainly Contributions, distributions and other (-€95,000) and Investment in fixed assets (net) (-€1,824)
- Receivables within one year -€5,443
down €5,443 (-17.7%), from €30,669 to €25,226
of which Trade receivables: -€5,559
- Reserves -€94,057
down €94,057 (-97.8%), from €96,146 to €2,089
- Profit (loss) carried forward +€49,000
new in 2025: €49,000
- Tax, wage and social debts +€11,787
up €11,787 (+92.9%), from €12,683 to €24,469
- Gross operating margin -€16,717
down €16,717 (-19.9%), from €83,953 to €67,236
- Taxes -€3,082
down €3,082 (-16.9%), from €18,208 to €15,126
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 | €112,433 | €77,870 | -€34,563 | -30.7% |
| Fixed assets | 21/28 | €1,121 | €1,912 | +€791 | +70.5% |
| Tangible fixed assets | 22/27 | €1,121 | €1,912 | +€791 | +70.5% |
| Plant, machinery and equipment | 23 | - | €1,807 | +€1,807 | |
| Furniture and vehicles | 24 | €1,121 | €105 | -€1,016 | -90.6% |
| Current assets | 29/58 | €111,312 | €75,958 | -€35,354 | -31.8% |
| Amounts receivable within one year | 40/41 | €30,669 | €25,226 | -€5,443 | -17.7% |
| Trade receivables | 40 | €30,669 | €25,110 | -€5,559 | -18.1% |
| Other amounts receivable | 41 | €0 | €116 | +€116 | |
| Cash at bank and in hand | 54/58 | €80,051 | €50,732 | -€29,319 | -36.6% |
| Deferred charges and accrued income | 490/1 | €591 | €0 | -€591 | -100% |
| Total equity and liabilities | 10/49 | €112,433 | €77,870 | -€34,563 | -30.7% |
| Equity | 10/15 | €97,646 | €52,589 | -€45,057 | -46.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €96,146 | €2,089 | -€94,057 | -97.8% |
| Distributable reserves | 133 | €96,146 | €2,089 | -€94,057 | -97.8% |
| Profit (loss) carried forward | 14 | - | €49,000 | +€49,000 | |
| Amounts payable | 17/49 | €14,787 | €25,281 | +€10,494 | +71.0% |
| Amounts payable within one year | 42/48 | €14,640 | €25,281 | +€10,641 | +72.7% |
| Trade debts | 44 | €370 | €0 | -€370 | -100% |
| Suppliers | 440/4 | €370 | €0 | -€370 | -100% |
| Taxes, remuneration and social security | 45 | €12,683 | €24,469 | +€11,787 | +92.9% |
| Taxes | 450/3 | €12,683 | €24,469 | +€11,787 | +92.9% |
| Other amounts payable | 47/48 | €1,588 | €812 | -€776 | -48.9% |
| Accrued charges and deferred income | 492/3 | €147 | €0 | -€147 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,016 | €1,034 | +€18 | +1.7% |
| Other operating charges | 640/8 | €1,584 | €1,018 | -€566 | -35.7% |
| Gross operating margin | 9900 | €83,953 | €67,236 | -€16,717 | -19.9% |
| Operating profit (loss) | 9901 | €81,353 | €65,185 | -€16,169 | -19.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €97 | €116 | +€19 | +20.0% |
| Recurring financial charges | 65 | €97 | €116 | +€19 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €81,257 | €65,069 | -€16,188 | -19.9% |
| Income taxes | 67/77 | €18,208 | €15,126 | -€3,082 | -16.9% |
| Profit (loss) for the period | 9904 | €63,048 | €49,943 | -€13,106 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,048 | €49,943 | -€13,106 | -20.8% |
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 22 October 2026 via checked.be.