GS3: 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.
GS3
Largest movements
- Receivables within one year +€6,915
up €6,915 (+81.4%), from €8,495 to €15,410
of which Trade receivables: +€8,643
- Cash -€4,753
down €4,753 (-19.2%), from €24,809 to €20,056
mainly Receivables within one year (-€6,915) and Investment in fixed assets (net) (-€2,314)
- Tangible fixed assets +€1,150
up €1,150 (+55.2%), from €2,081 to €3,231
- Accrued charges and deferred income +€1,701
up €1,701 (+129%), from €1,316 to €3,017
- Tax, wage and social debts +€1,069
up €1,069 (+33.3%), from €3,206 to €4,275
- Trade debts +€553
up €553 (+36.4%), from €1,519 to €2,073
- Gross operating margin -€30,008
down €30,008 (-93.4%), from €32,143 to €2,135
- Taxes -€5,993
down €5,993 (-87.5%), from €6,849 to €856
- Depreciation +€1,083
up €1,083 (+1,345%), from €81 to €1,164
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 | €36,180 | €39,440 | +€3,260 | +9.0% |
| Fixed assets | 21/28 | €2,081 | €3,231 | +€1,150 | +55.2% |
| Tangible fixed assets | 22/27 | €2,081 | €3,231 | +€1,150 | +55.2% |
| Furniture and vehicles | 24 | €2,081 | €3,231 | +€1,150 | +55.2% |
| Current assets | 29/58 | €34,099 | €36,209 | +€2,110 | +6.2% |
| Amounts receivable within one year | 40/41 | €8,495 | €15,410 | +€6,915 | +81.4% |
| Trade receivables | 40 | €6,767 | €15,410 | +€8,643 | +128% |
| Other amounts receivable | 41 | €1,728 | €0 | -€1,728 | -100% |
| Cash at bank and in hand | 54/58 | €24,809 | €20,056 | -€4,753 | -19.2% |
| Deferred charges and accrued income | 490/1 | €794 | €743 | -€51 | -6.5% |
| Total equity and liabilities | 10/49 | €36,180 | €39,440 | +€3,260 | +9.0% |
| Equity | 10/15 | €30,139 | €30,054 | -€85 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,139 | €25,054 | -€85 | -0.3% |
| Amounts payable | 17/49 | €6,041 | €9,386 | +€3,345 | +55.4% |
| Amounts payable within one year | 42/48 | €4,725 | €6,369 | +€1,644 | +34.8% |
| Trade debts | 44 | €1,519 | €2,073 | +€553 | +36.4% |
| Suppliers | 440/4 | €1,519 | €2,073 | +€553 | +36.4% |
| Taxes, remuneration and social security | 45 | €3,206 | €4,275 | +€1,069 | +33.3% |
| Taxes | 450/3 | €3,206 | €4,275 | +€1,069 | +33.3% |
| Other amounts payable | 47/48 | - | €22 | +€22 | |
| Accrued charges and deferred income | 492/3 | €1,316 | €3,017 | +€1,701 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81 | €1,164 | +€1,083 | +1,345% |
| Other operating charges | 640/8 | - | €139 | +€139 | |
| Gross operating margin | 9900 | €32,143 | €2,135 | -€30,008 | -93.4% |
| Operating profit (loss) | 9901 | €32,062 | €833 | -€31,230 | -97.4% |
| Financial charges | 65/66B | €75 | €62 | -€13 | -17.3% |
| Recurring financial charges | 65 | €75 | €62 | -€13 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €31,988 | €771 | -€31,217 | -97.6% |
| Income taxes | 67/77 | €6,849 | €856 | -€5,993 | -87.5% |
| Profit (loss) for the period | 9904 | €25,139 | -€85 | -€25,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,139 | -€85 | -€25,224 |
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 13 October 2026 via checked.be.