GSM SERVICE: 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.
GSM SERVICE
Largest movements
- Stocks and contracts -€13,607
down €13,607 (-29.6%), from €45,907 to €32,300
- Receivables within one year +€7,871
new in 2025: €7,871
- Other debts -€11,113
down €11,113 (-38.2%), from €29,064 to €17,950
- Tax, wage and social debts +€3,019
up €3,019 (+570%), from €530 to €3,549
- Profit (loss) carried forward +€1,622
up €1,622 (+35.2%), from -€4,605 to -€2,984
- Trade debts +€1,340
up €1,340 (+29.4%), from €4,555 to €5,895
of which Suppliers: +€1,757
- Advances received -€1,320
no longer reported in 2025 (was €1,320)
- Gross operating margin +€23,431
up €23,431, from -€7,717 to €15,714
- Write-downs +€13,607
new in 2025: €13,607
- Other operating charges +€300
new in 2025: €300
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 | €49,763 | €44,244 | -€5,519 | -11.1% |
| Fixed assets | 21/28 | €66 | €66 | = | 0.0% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €49,697 | €44,178 | -€5,519 | -11.1% |
| Stocks and contracts in progress | 3 | €45,907 | €32,300 | -€13,607 | -29.6% |
| Stocks | 30/36 | €45,907 | €32,300 | -€13,607 | -29.6% |
| Amounts receivable within one year | 40/41 | - | €7,871 | +€7,871 | |
| Trade receivables | 40 | - | €7,871 | +€7,871 | |
| Cash at bank and in hand | 54/58 | €3,790 | €3,928 | +€138 | +3.6% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €49,763 | €44,244 | -€5,519 | -11.1% |
| Equity | 10/15 | €14,295 | €15,916 | +€1,622 | +11.3% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,605 | -€2,984 | +€1,622 | +35.2% |
| Amounts payable | 17/49 | €35,468 | €28,328 | -€7,140 | -20.1% |
| Amounts payable within one year | 42/48 | €35,468 | €28,328 | -€7,140 | -20.1% |
| Financial debts | 43 | - | €934 | +€934 | |
| Credit institutions | 430/8 | - | €934 | +€934 | |
| Trade debts | 44 | €4,555 | €5,895 | +€1,340 | +29.4% |
| Suppliers | 440/4 | €4,138 | €5,895 | +€1,757 | +42.5% |
| Bills of exchange payable | 441 | €417 | - | -€417 | |
| Advances received on contracts in progress | 46 | €1,320 | - | -€1,320 | |
| Taxes, remuneration and social security | 45 | €530 | €3,549 | +€3,019 | +570% |
| Taxes | 450/3 | €530 | €3,549 | +€3,019 | +570% |
| Other amounts payable | 47/48 | €29,064 | €17,950 | -€11,113 | -38.2% |
| Turnover | 70 | €13 | - | -€13 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,607 | +€13,607 | |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | -€7,717 | €15,714 | +€23,431 | |
| Operating profit (loss) | 9901 | -€7,717 | €1,807 | +€9,524 | |
| Financial income | 75/76B | €13 | €20 | +€7 | +59.4% |
| Recurring financial income | 75 | €13 | €20 | +€7 | +59.4% |
| Financial charges | 65/66B | €260 | €206 | -€54 | -20.7% |
| Recurring financial charges | 65 | €260 | €206 | -€54 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,964 | €1,622 | +€9,586 | |
| Profit (loss) for the period | 9904 | -€7,964 | €1,622 | +€9,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,964 | €1,622 | +€9,586 |
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 31 October 2026 via checked.be.