GSG CONCEPT: 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.
GSG CONCEPT
Largest movements
- Tangible fixed assets -€1,282
down €1,282 (-18.8%), from €6,835 to €5,554
- Profit (loss) carried forward -€3,148
down €3,148 (-8.0%), from -€39,462 to -€42,609
- Other debts +€1,801
up €1,801 (+4.0%), from €44,483 to €46,284
- Gross operating margin -€1,601
down €1,601 (-866.4%), from -€185 to -€1,786
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 | €7,021 | €5,675 | -€1,346 | -19.2% |
| Fixed assets | 21/28 | €6,835 | €5,554 | -€1,282 | -18.8% |
| Tangible fixed assets | 22/27 | €6,835 | €5,554 | -€1,282 | -18.8% |
| Other tangible fixed assets | 26 | €6,835 | €5,554 | -€1,282 | -18.8% |
| Current assets | 29/58 | €186 | €121 | -€65 | -34.9% |
| Cash at bank and in hand | 54/58 | €186 | €121 | -€65 | -34.9% |
| Total equity and liabilities | 10/49 | €7,021 | €5,675 | -€1,346 | -19.2% |
| Equity | 10/15 | -€37,462 | -€40,609 | -€3,148 | -8.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,462 | -€42,609 | -€3,148 | -8.0% |
| Amounts payable | 17/49 | €44,483 | €46,284 | +€1,801 | +4.0% |
| Amounts payable within one year | 42/48 | €44,483 | €46,284 | +€1,801 | +4.0% |
| Other amounts payable | 47/48 | €44,483 | €46,284 | +€1,801 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €1,282 | = | 0.0% |
| Gross operating margin | 9900 | -€185 | -€1,786 | -€1,601 | -866.4% |
| Operating profit (loss) | 9901 | -€1,466 | -€3,068 | -€1,601 | -109.2% |
| Financial charges | 65/66B | €80 | €80 | = | 0.0% |
| Recurring financial charges | 65 | €80 | €80 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,546 | -€3,148 | -€1,601 | -103.5% |
| Profit (loss) for the period | 9904 | -€1,546 | -€3,148 | -€1,601 | -103.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,546 | -€3,148 | -€1,601 | -103.5% |
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 12 October 2026 via checked.be.