GS-service: 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-service
Largest movements
- Receivables within one year -€86,621
down €86,621 (-51.1%), from €169,529 to €82,908
of which Trade receivables: -€106,815
- Tangible fixed assets +€19,734
up €19,734, from €0 to €19,734
- Stocks and contracts +€5,460
new in 2025: €5,460
- Cash -€3,210
down €3,210 (-50.3%), from €6,377 to €3,167
mainly Net result for the year (-€71,361) and Tax, wage and social debts (-€28,088)
- Profit (loss) carried forward -€71,361
down €71,361, from €3,726 to -€67,634
- Trade debts +€35,127
up €35,127, from €0 to €35,127
- Tax, wage and social debts -€28,088
down €28,088 (-79.4%), from €35,397 to €7,309
of which Taxes: -€28,382
- Advances received -€2,478
no longer reported in 2025 (was €2,478)
- Other debts +€2,162
up €2,162 (+43.2%), from €5,000 to €7,162
- Gross operating margin -€193,867
down €193,867, from €170,411 to -€23,457
- Financial charges +€39,998
up €39,998 (+11,165%), from €358 to €40,356
of which Non-recurring financial charges: +€37,549
- Staff costs -€33,518
down €33,518 (-95.0%), from €35,274 to €1,756
- Taxes -€28,146
down €28,146 (-98.3%), from €28,619 to €473
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 | €175,906 | €111,269 | -€64,637 | -36.7% |
| Fixed assets | 21/28 | €0 | €19,734 | +€19,734 | |
| Tangible fixed assets | 22/27 | €0 | €19,734 | +€19,734 | |
| Furniture and vehicles | 24 | €0 | €19,734 | +€19,734 | |
| Current assets | 29/58 | €175,906 | €91,535 | -€84,371 | -48.0% |
| Stocks and contracts in progress | 3 | - | €5,460 | +€5,460 | |
| Contracts in progress | 37 | - | €5,460 | +€5,460 | |
| Amounts receivable within one year | 40/41 | €169,529 | €82,908 | -€86,621 | -51.1% |
| Trade receivables | 40 | €111,095 | €4,280 | -€106,815 | -96.1% |
| Other amounts receivable | 41 | €58,434 | €78,628 | +€20,194 | +34.6% |
| Cash at bank and in hand | 54/58 | €6,377 | €3,167 | -€3,210 | -50.3% |
| Total equity and liabilities | 10/49 | €175,906 | €111,269 | -€64,637 | -36.7% |
| Equity | 10/15 | €133,031 | €61,671 | -€71,361 | -53.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,105 | €123,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €121,245 | €121,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,726 | -€67,634 | -€71,361 | |
| Amounts payable | 17/49 | €42,875 | €49,598 | +€6,723 | +15.7% |
| Amounts payable within one year | 42/48 | €42,875 | €49,598 | +€6,723 | +15.7% |
| Trade debts | 44 | €0 | €35,127 | +€35,127 | |
| Suppliers | 440/4 | €0 | €35,127 | +€35,127 | |
| Advances received on contracts in progress | 46 | €2,478 | - | -€2,478 | |
| Taxes, remuneration and social security | 45 | €35,397 | €7,309 | -€28,088 | -79.4% |
| Taxes | 450/3 | €28,550 | €168 | -€28,382 | -99.4% |
| Remuneration and social security | 454/9 | €6,848 | €7,141 | +€293 | +4.3% |
| Other amounts payable | 47/48 | €5,000 | €7,162 | +€2,162 | +43.2% |
| Non-recurring operating income | 76A | - | €2,492 | +€2,492 | |
| Remuneration, social security and pensions | 62 | €35,274 | €1,756 | -€33,518 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €183 | -€91 | -33.1% |
| Other operating charges | 640/8 | €4,880 | €5,136 | +€256 | +5.2% |
| Non-recurring operating charges | 66A | €47,021 | - | -€47,021 | |
| Gross operating margin | 9900 | €170,411 | -€23,457 | -€193,867 | |
| Operating profit (loss) | 9901 | €82,961 | -€30,531 | -€113,493 | |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.8% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.8% |
| Financial charges | 65/66B | €358 | €40,356 | +€39,998 | +11,165% |
| Recurring financial charges | 65 | €358 | €2,808 | +€2,449 | +684% |
| Non-recurring financial charges | 66B | - | €37,549 | +€37,549 | |
| Profit (loss) for the period before taxes | 9903 | €82,615 | -€70,888 | -€153,503 | |
| Income taxes | 67/77 | €28,619 | €473 | -€28,146 | -98.3% |
| Profit (loss) for the period | 9904 | €53,997 | -€71,361 | -€125,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,997 | -€71,361 | -€125,357 |
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 27 October 2026 via checked.be.