GST Technology: 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.
GST Technology
Largest movements
- Receivables within one year +€25,447
up €25,447 (+19.5%), from €130,243 to €155,690
of which Other amounts receivable: +€20,617
- Intangible fixed assets -€14,258
down €14,258 (-8.0%), from €178,575 to €164,317
- Tangible fixed assets -€7,106
down €7,106 (-27.3%), from €26,055 to €18,949
- Reserves +€51,000
up €51,000 (+39.6%), from €128,860 to €179,860
of which Distributable reserves: +€52,860
- Trade debts -€18,225
down €18,225 (-12.0%), from €152,155 to €133,930
- Short-term financial debts -€13,250
no longer reported in 2025 (was €13,250)
- Debts after one year -€7,194
down €7,194 (-36.2%), from €19,887 to €12,693
- Other debts -€5,000
down €5,000 (-72.8%), from €6,870 to €1,870
- Gross operating margin -€14,001
down €14,001 (-10.1%), from €138,185 to €124,184
- Depreciation -€8,207
down €8,207 (-12.1%), from €67,904 to €59,697
- Taxes -€7,737
down €7,737 (-34.9%), from €22,172 to €14,435
- Financial income +€4,453
up €4,453 (+250%), from €1,780 to €6,233
- Financial charges +€1,646
up €1,646 (+64.3%), from €2,559 to €4,205
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 | €369,429 | €374,477 | +€5,048 | +1.4% |
| Fixed assets | 21/28 | €204,630 | €183,266 | -€21,364 | -10.4% |
| Intangible fixed assets | 21 | €178,575 | €164,317 | -€14,258 | -8.0% |
| Tangible fixed assets | 22/27 | €26,055 | €18,949 | -€7,106 | -27.3% |
| Furniture and vehicles | 24 | €26,055 | €18,949 | -€7,106 | -27.3% |
| Current assets | 29/58 | €164,799 | €191,211 | +€26,412 | +16.0% |
| Amounts receivable within one year | 40/41 | €130,243 | €155,690 | +€25,447 | +19.5% |
| Trade receivables | 40 | €129,610 | €134,440 | +€4,830 | +3.7% |
| Other amounts receivable | 41 | €633 | €21,250 | +€20,617 | +3,257% |
| Cash at bank and in hand | 54/58 | €34,556 | €35,521 | +€965 | +2.8% |
| Total equity and liabilities | 10/49 | €369,429 | €374,477 | +€5,048 | +1.4% |
| Equity | 10/15 | €162,451 | €213,690 | +€51,239 | +31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,860 | €179,860 | +€51,000 | +39.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €127,000 | €179,860 | +€52,860 | +41.6% |
| Profit (loss) carried forward | 14 | €14,991 | €15,230 | +€239 | +1.6% |
| Amounts payable | 17/49 | €206,978 | €160,787 | -€46,191 | -22.3% |
| Amounts payable after more than one year | 17 | €19,887 | €12,693 | -€7,194 | -36.2% |
| Financial debts | 170/4 | €19,887 | €12,693 | -€7,194 | -36.2% |
| Amounts payable within one year | 42/48 | €187,091 | €148,094 | -€38,997 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €6,894 | €7,194 | +€300 | +4.4% |
| Financial debts | 43 | €13,250 | - | -€13,250 | |
| Credit institutions | 430/8 | €13,250 | - | -€13,250 | |
| Trade debts | 44 | €152,155 | €133,930 | -€18,225 | -12.0% |
| Suppliers | 440/4 | €152,155 | €133,930 | -€18,225 | -12.0% |
| Taxes, remuneration and social security | 45 | €7,922 | €5,100 | -€2,822 | -35.6% |
| Taxes | 450/3 | €7,922 | €5,100 | -€2,822 | -35.6% |
| Other amounts payable | 47/48 | €6,870 | €1,870 | -€5,000 | -72.8% |
| Non-recurring operating income | 76A | - | €28,333 | +€28,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,904 | €59,697 | -€8,207 | -12.1% |
| Other operating charges | 640/8 | €829 | €841 | +€12 | +1.4% |
| Gross operating margin | 9900 | €138,185 | €124,184 | -€14,001 | -10.1% |
| Operating profit (loss) | 9901 | €69,452 | €63,646 | -€5,806 | -8.4% |
| Financial income | 75/76B | €1,780 | €6,233 | +€4,453 | +250% |
| Recurring financial income | 75 | €1,780 | €6,233 | +€4,453 | +250% |
| Financial charges | 65/66B | €2,559 | €4,205 | +€1,646 | +64.3% |
| Recurring financial charges | 65 | €2,559 | €4,205 | +€1,646 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €68,673 | €65,674 | -€2,999 | -4.4% |
| Income taxes | 67/77 | €22,172 | €14,435 | -€7,737 | -34.9% |
| Profit (loss) for the period | 9904 | €46,501 | €51,239 | +€4,738 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,501 | €51,239 | +€4,738 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.