GSco: 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.
GSco
Largest movements
- Tangible fixed assets +€109,046
up €109,046 (+196.4%), from €55,530 to €164,576
of which Assets under construction and advance payments: +€71,531
- Cash -€9,950
down €9,950 (-10.8%), from €92,342 to €82,392
mainly Investment in fixed assets (net) (-€124,249)
- Reserves +€85,424
up €85,424 (+51.3%), from €166,418 to €251,843
- Tax, wage and social debts +€8,014
up €8,014 (+171.6%), from €4,670 to €12,684
- Trade debts +€3,210
up €3,210 (+889.9%), from €361 to €3,571
- Gross operating margin +€9,647
up €9,647 (+7.9%), from €121,788 to €131,435
- Other operating charges +€7,165
up €7,165 (+842.1%), from €851 to €8,016
- Depreciation +€4,132
up €4,132 (+37.3%), from €11,071 to €15,203
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 | €176,449 | €273,098 | +€96,649 | +54.8% |
| Fixed assets | 21/28 | €55,530 | €164,576 | +€109,046 | +196.4% |
| Tangible fixed assets | 22/27 | €55,530 | €164,576 | +€109,046 | +196.4% |
| Land and buildings | 22 | €1,404 | €50,572 | +€49,168 | +3501.9% |
| Plant, machinery and equipment | 23 | €275 | €204 | -€71 | -25.8% |
| Furniture and vehicles | 24 | €53,851 | €42,269 | -€11,582 | -21.5% |
| Assets under construction and advance payments | 27 | - | €71,531 | +€71,531 | |
| Current assets | 29/58 | €120,918 | €108,522 | -€12,397 | -10.3% |
| Amounts receivable within one year | 40/41 | €27,611 | €25,217 | -€2,394 | -8.7% |
| Trade receivables | 40 | €27,605 | €22,896 | -€4,709 | -17.1% |
| Other amounts receivable | 41 | €6 | €2,321 | +€2,315 | +40685.1% |
| Cash at bank and in hand | 54/58 | €92,342 | €82,392 | -€9,950 | -10.8% |
| Deferred charges and accrued income | 490/1 | €965 | €913 | -€53 | -5.4% |
| Total equity and liabilities | 10/49 | €176,449 | €273,098 | +€96,649 | +54.8% |
| Equity | 10/15 | €171,418 | €256,843 | +€85,424 | +49.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €166,418 | €251,843 | +€85,424 | +51.3% |
| Distributable reserves | 133 | €166,418 | €251,843 | +€85,424 | +51.3% |
| Amounts payable | 17/49 | €5,030 | €16,255 | +€11,225 | +223.1% |
| Amounts payable within one year | 42/48 | €5,030 | €16,255 | +€11,225 | +223.1% |
| Trade debts | 44 | €361 | €3,571 | +€3,210 | +889.9% |
| Suppliers | 440/4 | €361 | €3,571 | +€3,210 | +889.9% |
| Taxes, remuneration and social security | 45 | €4,670 | €12,684 | +€8,014 | +171.6% |
| Taxes | 450/3 | €4,670 | €12,684 | +€8,014 | +171.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,071 | €15,203 | +€4,132 | +37.3% |
| Other operating charges | 640/8 | €851 | €8,016 | +€7,165 | +842.1% |
| Gross operating margin | 9900 | €121,788 | €131,435 | +€9,647 | +7.9% |
| Operating profit (loss) | 9901 | €109,865 | €108,215 | -€1,650 | -1.5% |
| Financial income | 75/76B | €0 | €60 | +€60 | |
| Recurring financial income | 75 | €0 | €60 | +€60 | |
| Financial charges | 65/66B | €315 | €70 | -€245 | -77.9% |
| Recurring financial charges | 65 | €315 | €70 | -€245 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €109,551 | €108,206 | -€1,345 | -1.2% |
| Income taxes | 67/77 | €23,373 | €22,782 | -€592 | -2.5% |
| Profit (loss) for the period | 9904 | €86,177 | €85,424 | -€753 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,177 | €85,424 | -€753 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.