GS Software: 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 Software
Largest movements
- Current investments +€188,622
new in 2025: €188,622
- Cash -€72,157
down €72,157 (-50.4%), from €143,175 to €71,018
mainly Current investments (-€188,622) and Current portion of long-term debt (-€3,896)
- Receivables within one year -€10,856
down €10,856 (-34.6%), from €31,333 to €20,477
of which Trade receivables: -€10,882
- Tangible fixed assets -€3,583
down €3,583 (-19.9%), from €18,047 to €14,465
of which Furniture and vehicles: -€2,509
- Reserves +€94,474
up €94,474 (+73.8%), from €128,067 to €222,540
- Tax, wage and social debts +€10,907
up €10,907 (+20.0%), from €54,405 to €65,312
- Current portion of long-term debt -€3,896
no longer reported in 2025 (was €3,896)
- Gross operating margin -€8,484
down €8,484 (-6.2%), from €136,896 to €128,413
- Taxes -€2,173
down €2,173 (-7.5%), from €29,156 to €26,983
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 | €194,416 | €295,416 | +€101,000 | +52.0% |
| Fixed assets | 21/28 | €18,047 | €14,465 | -€3,583 | -19.9% |
| Tangible fixed assets | 22/27 | €18,047 | €14,465 | -€3,583 | -19.9% |
| Plant, machinery and equipment | 23 | €1,960 | €886 | -€1,074 | -54.8% |
| Furniture and vehicles | 24 | €16,088 | €13,579 | -€2,509 | -15.6% |
| Current assets | 29/58 | €176,369 | €280,951 | +€104,582 | +59.3% |
| Amounts receivable within one year | 40/41 | €31,333 | €20,477 | -€10,856 | -34.6% |
| Trade receivables | 40 | €31,153 | €20,271 | -€10,882 | -34.9% |
| Other amounts receivable | 41 | €180 | €206 | +€25 | +14.0% |
| Current investments | 50/53 | - | €188,622 | +€188,622 | |
| Cash at bank and in hand | 54/58 | €143,175 | €71,018 | -€72,157 | -50.4% |
| Deferred charges and accrued income | 490/1 | €1,861 | €834 | -€1,027 | -55.2% |
| Total equity and liabilities | 10/49 | €194,416 | €295,416 | +€101,000 | +52.0% |
| Equity | 10/15 | €133,067 | €227,540 | +€94,474 | +71.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €128,067 | €222,540 | +€94,474 | +73.8% |
| Distributable reserves | 133 | €128,067 | €222,540 | +€94,474 | +73.8% |
| Amounts payable | 17/49 | €61,349 | €67,875 | +€6,526 | +10.6% |
| Amounts payable within one year | 42/48 | €61,349 | €67,875 | +€6,526 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €3,896 | - | -€3,896 | |
| Financial debts | 43 | €727 | €684 | -€43 | -5.9% |
| Credit institutions | 430/8 | €727 | €684 | -€43 | -5.9% |
| Trade debts | 44 | €734 | €392 | -€342 | -46.6% |
| Suppliers | 440/4 | €734 | €392 | -€342 | -46.6% |
| Taxes, remuneration and social security | 45 | €54,405 | €65,312 | +€10,907 | +20.0% |
| Taxes | 450/3 | €54,405 | €65,312 | +€10,907 | +20.0% |
| Other amounts payable | 47/48 | €1,587 | €1,487 | -€100 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,821 | €6,670 | +€849 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26 | +€26 | |
| Other operating charges | 640/8 | €250 | €299 | +€50 | +19.8% |
| Gross operating margin | 9900 | €136,896 | €128,413 | -€8,484 | -6.2% |
| Operating profit (loss) | 9901 | €130,825 | €121,417 | -€9,408 | -7.2% |
| Financial income | 75/76B | €219 | €216 | -€3 | -1.4% |
| Recurring financial income | 75 | €219 | €216 | -€3 | -1.4% |
| Financial charges | 65/66B | €942 | €177 | -€765 | -81.2% |
| Recurring financial charges | 65 | €942 | €177 | -€765 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €130,103 | €121,457 | -€8,646 | -6.6% |
| Income taxes | 67/77 | €29,156 | €26,983 | -€2,173 | -7.5% |
| Profit (loss) for the period | 9904 | €100,947 | €94,474 | -€6,474 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,947 | €94,474 | -€6,474 | -6.4% |
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 10 October 2026 via checked.be.