GS TECHNICS: what changed
Two fiscal 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 TECHNICS
Largest movements
- Cash -€12,893
down €12,893 (-70.2%), from €18,373 to €5,480
mainly Trade debts (-€11,612) and Tax, wage and social debts (-€8,250)
- Tangible fixed assets -€8,062
down €8,062 (-35.7%), from €22,616 to €14,553
of which Furniture and vehicles: -€6,900
- Receivables within one year -€1,946
down €1,946 (-12.7%), from €15,295 to €13,349
of which Trade receivables: -€4,171
- Stocks and contracts -€1,516
no longer reported in 2025 (was €1,516)
- Trade debts -€11,612
down €11,612 (-92.5%), from €12,551 to €939
- Tax, wage and social debts -€8,250
down €8,250 (-98.2%), from €8,403 to €153
- Profit (loss) carried forward -€4,540
down €4,540 (-27.7%), from €16,370 to €11,831
- Gross operating margin +€10,153
up €10,153, from -€6,586 to €3,567
- Depreciation -€4,272
down €4,272 (-34.6%), from €12,335 to €8,062
- Financial income -€3,460
down €3,460 (-94.3%), from €3,668 to €208
of which Non-recurring financial income: -€3,667
- Taxes -€240
no longer reported in 2025 (was €240)
- Financial charges +€183
up €183 (+262.9%), from €69 to €252
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 | €57,800 | €33,383 | -€24,418 | -42.2% |
| Fixed assets | 21/28 | €22,616 | €14,553 | -€8,062 | -35.7% |
| Tangible fixed assets | 22/27 | €22,616 | €14,553 | -€8,062 | -35.7% |
| Plant, machinery and equipment | 23 | €1,163 | - | -€1,163 | |
| Furniture and vehicles | 24 | €21,453 | €14,553 | -€6,900 | -32.2% |
| Current assets | 29/58 | €35,185 | €18,830 | -€16,355 | -46.5% |
| Stocks and contracts in progress | 3 | €1,516 | - | -€1,516 | |
| Stocks | 30/36 | €1,516 | - | -€1,516 | |
| Amounts receivable within one year | 40/41 | €15,295 | €13,349 | -€1,946 | -12.7% |
| Trade receivables | 40 | €14,353 | €10,182 | -€4,171 | -29.1% |
| Other amounts receivable | 41 | €942 | €3,167 | +€2,225 | +236.1% |
| Cash at bank and in hand | 54/58 | €18,373 | €5,480 | -€12,893 | -70.2% |
| Total equity and liabilities | 10/49 | €57,800 | €33,383 | -€24,418 | -42.2% |
| Equity | 10/15 | €36,830 | €32,291 | -€4,540 | -12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €16,370 | €11,831 | -€4,540 | -27.7% |
| Amounts payable | 17/49 | €20,970 | €1,092 | -€19,878 | -94.8% |
| Amounts payable within one year | 42/48 | €20,954 | €1,092 | -€19,862 | -94.8% |
| Trade debts | 44 | €12,551 | €939 | -€11,612 | -92.5% |
| Suppliers | 440/4 | €12,551 | €939 | -€11,612 | -92.5% |
| Taxes, remuneration and social security | 45 | €8,403 | €153 | -€8,250 | -98.2% |
| Remuneration and social security | 454/9 | €8,403 | €153 | -€8,250 | -98.2% |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,335 | €8,062 | -€4,272 | -34.6% |
| Gross operating margin | 9900 | -€6,586 | €3,567 | +€10,153 | |
| Operating profit (loss) | 9901 | -€18,920 | -€4,496 | +€14,425 | +76.2% |
| Financial income | 75/76B | €3,668 | €208 | -€3,460 | -94.3% |
| Recurring financial income | 75 | €1 | €208 | +€207 | +20296.1% |
| Non-recurring financial income | 76B | €3,667 | - | -€3,667 | |
| Financial charges | 65/66B | €69 | €252 | +€183 | +262.9% |
| Recurring financial charges | 65 | €69 | €252 | +€183 | +262.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,322 | -€4,540 | +€10,782 | +70.4% |
| Income taxes | 67/77 | €240 | - | -€240 | |
| Profit (loss) for the period | 9904 | -€15,562 | -€4,540 | +€11,022 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,562 | -€4,540 | +€11,022 | +70.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.