gssforce: 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.
gssforce
Largest movements
- Current investments -€80,000
down €80,000 (-23.7%), from €338,000 to €258,000
- Cash -€47,172
down €47,172 (-72.3%), from €65,217 to €18,044
mainly Contributions, distributions and other (-€258,824) and Tax, wage and social debts (-€3,605)
- Profit (loss) carried forward -€206,586
down €206,586 (-100.0%), from €206,586 to €0
- Other debts +€52,669
up €52,669 (+39.5%), from €133,394 to €186,063
- Reserves +€28,555
up €28,555 (+39.8%), from €71,666 to €100,221
of which Distributable reserves: +€28,555
- Gross operating margin +€12,704
up €12,704 (+14.2%), from €89,504 to €102,208
- Taxes +€3,832
up €3,832 (+19.9%), from €19,268 to €23,100
- Financial income +€3,348
up €3,348 (+65.0%), from €5,154 to €8,502
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 | €435,833 | €306,805 | -€129,029 | -29.6% |
| Fixed assets | 21/28 | €16,780 | €13,370 | -€3,410 | -20.3% |
| Tangible fixed assets | 22/27 | €16,780 | €13,370 | -€3,410 | -20.3% |
| Plant, machinery and equipment | 23 | €2,442 | €2,135 | -€307 | -12.6% |
| Furniture and vehicles | 24 | €14,338 | €11,235 | -€3,103 | -21.6% |
| Current assets | 29/58 | €419,053 | €293,435 | -€125,619 | -30.0% |
| Amounts receivable within one year | 40/41 | €14,520 | €15,824 | +€1,304 | +9.0% |
| Trade receivables | 40 | €14,520 | €13,109 | -€1,411 | -9.7% |
| Other amounts receivable | 41 | - | €2,715 | +€2,715 | |
| Current investments | 50/53 | €338,000 | €258,000 | -€80,000 | -23.7% |
| Cash at bank and in hand | 54/58 | €65,217 | €18,044 | -€47,172 | -72.3% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,566 | +€249 | +18.9% |
| Total equity and liabilities | 10/49 | €435,833 | €306,805 | -€129,029 | -29.6% |
| Equity | 10/15 | €296,852 | €118,821 | -€178,031 | -60.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,666 | €100,221 | +€28,555 | +39.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €71,666 | €100,221 | +€28,555 | +39.8% |
| Profit (loss) carried forward | 14 | €206,586 | €0 | -€206,586 | -100.0% |
| Amounts payable | 17/49 | €138,981 | €187,983 | +€49,002 | +35.3% |
| Amounts payable within one year | 42/48 | €138,981 | €187,983 | +€49,002 | +35.3% |
| Trade debts | 44 | €631 | €570 | -€61 | -9.7% |
| Suppliers | 440/4 | €631 | €570 | -€61 | -9.7% |
| Taxes, remuneration and social security | 45 | €4,955 | €1,350 | -€3,605 | -72.8% |
| Taxes | 450/3 | €4,955 | €1,350 | -€3,605 | -72.8% |
| Other amounts payable | 47/48 | €133,394 | €186,063 | +€52,669 | +39.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €280 | €0 | -€280 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,165 | €5,599 | +€435 | +8.4% |
| Other operating charges | 640/8 | €1,142 | €1,122 | -€20 | -1.8% |
| Gross operating margin | 9900 | €89,504 | €102,208 | +€12,704 | +14.2% |
| Operating profit (loss) | 9901 | €82,917 | €95,487 | +€12,570 | +15.2% |
| Financial income | 75/76B | €5,154 | €8,502 | +€3,348 | +65.0% |
| Recurring financial income | 75 | €5,154 | €8,502 | +€3,348 | +65.0% |
| Financial charges | 65/66B | €137 | €97 | -€40 | -29.2% |
| Recurring financial charges | 65 | €137 | €97 | -€40 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €87,934 | €103,892 | +€15,958 | +18.1% |
| Income taxes | 67/77 | €19,268 | €23,100 | +€3,832 | +19.9% |
| Profit (loss) for the period | 9904 | €68,666 | €80,792 | +€12,126 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,666 | €80,792 | +€12,126 | +17.7% |
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.