GS Services: 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 Services
Largest movements
- Deferred charges and accrued income +€29,793
up €29,793 (+1032.1%), from €2,887 to €32,680
- Receivables within one year -€29,446
down €29,446 (-17.8%), from €164,985 to €135,540
of which Trade receivables: -€17,562
- Cash -€21,145
down €21,145 (-92.1%), from €22,957 to €1,812
mainly Contributions, distributions and other (-€65,000) and Deferred charges and accrued income (-€29,793)
- Reserves +€32,159
up €32,159 (+1367.0%), from €2,353 to €34,512
- Advances received -€24,563
down €24,563 (-100.0%), from €24,563 to €0
- Tax, wage and social debts -€23,318
down €23,318 (-98.4%), from €23,703 to €385
- Other debts -€9,640
down €9,640 (-7.1%), from €135,714 to €126,074
- Trade debts +€3,020
up €3,020 (+50.2%), from €6,016 to €9,036
- Gross operating margin -€45,541
down €45,541, from €24,620 to -€20,920
- Financial income +€12,000
up €12,000 (+11.1%), from €108,000 to €120,000
- Taxes -€9,335
down €9,335, from €5,703 to -€3,632
- Financial charges -€1,388
down €1,388 (-36.6%), from €3,792 to €2,403
- Depreciation -€1,006
down €1,006 (-39.5%), from €2,549 to €1,543
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 | €197,348 | €175,007 | -€22,341 | -11.3% |
| Fixed assets | 21/28 | €6,519 | €4,976 | -€1,543 | -23.7% |
| Tangible fixed assets | 22/27 | €5,519 | €3,976 | -€1,543 | -28.0% |
| Furniture and vehicles | 24 | €5,519 | €3,976 | -€1,543 | -28.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €190,829 | €170,031 | -€20,798 | -10.9% |
| Amounts receivable within one year | 40/41 | €164,985 | €135,540 | -€29,446 | -17.8% |
| Trade receivables | 40 | €29,578 | €12,016 | -€17,562 | -59.4% |
| Other amounts receivable | 41 | €135,407 | €123,524 | -€11,884 | -8.8% |
| Cash at bank and in hand | 54/58 | €22,957 | €1,812 | -€21,145 | -92.1% |
| Deferred charges and accrued income | 490/1 | €2,887 | €32,680 | +€29,793 | +1032.1% |
| Total equity and liabilities | 10/49 | €197,348 | €175,007 | -€22,341 | -11.3% |
| Equity | 10/15 | €7,353 | €39,512 | +€32,159 | +437.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,353 | €34,512 | +€32,159 | +1367.0% |
| Distributable reserves | 133 | €2,353 | €34,512 | +€32,159 | +1367.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €189,996 | €135,495 | -€54,500 | -28.7% |
| Amounts payable within one year | 42/48 | €189,996 | €135,495 | -€54,500 | -28.7% |
| Trade debts | 44 | €6,016 | €9,036 | +€3,020 | +50.2% |
| Suppliers | 440/4 | €6,016 | €9,036 | +€3,020 | +50.2% |
| Advances received on contracts in progress | 46 | €24,563 | €0 | -€24,563 | -100.0% |
| Taxes, remuneration and social security | 45 | €23,703 | €385 | -€23,318 | -98.4% |
| Taxes | 450/3 | €23,703 | €385 | -€23,318 | -98.4% |
| Other amounts payable | 47/48 | €135,714 | €126,074 | -€9,640 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,549 | €1,543 | -€1,006 | -39.5% |
| Other operating charges | 640/8 | €777 | €1,607 | +€830 | +106.8% |
| Gross operating margin | 9900 | €24,620 | -€20,920 | -€45,541 | |
| Operating profit (loss) | 9901 | €21,294 | -€24,070 | -€45,364 | |
| Financial income | 75/76B | €108,000 | €120,000 | +€12,000 | +11.1% |
| Recurring financial income | 75 | €108,000 | €120,000 | +€12,000 | +11.1% |
| Financial charges | 65/66B | €3,792 | €2,403 | -€1,388 | -36.6% |
| Recurring financial charges | 65 | €3,792 | €2,403 | -€1,388 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €125,503 | €93,527 | -€31,976 | -25.5% |
| Income taxes | 67/77 | €5,703 | -€3,632 | -€9,335 | |
| Profit (loss) for the period | 9904 | €119,800 | €97,159 | -€22,641 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,800 | €97,159 | -€22,641 | -18.9% |
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 11 October 2026 via checked.be.