GSU SRL: 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.
GSU SRL
Largest movements
- Cash -€3,894
down €3,894 (-61.0%), from €6,380 to €2,486
mainly Net result for the year (-€4,590) and Tax, wage and social debts (-€4,223)
- Tangible fixed assets -€2,612
down €2,612 (-16.4%), from €15,948 to €13,336
of which Plant, machinery and equipment: -€2,280
- Deferred charges and accrued income +€623
new in 2025: €623
- Receivables within one year +€521
up €521 (+8.9%), from €5,876 to €6,397
of which Other amounts receivable: +€6,397
- Profit (loss) carried forward -€4,590
down €4,590 (-62.7%), from €7,318 to €2,729
- Tax, wage and social debts -€4,223
down €4,223 (-50.2%), from €8,411 to €4,188
of which Taxes: -€6,956
- Trade debts +€3,198
up €3,198 (+33.1%), from €9,676 to €12,874
- Staff costs -€6,324
down €6,324 (-56.2%), from €11,252 to €4,929
- Gross operating margin -€5,548
down €5,548 (-32.0%), from €17,322 to €11,774
- Financial charges +€2,627
up €2,627 (+432%), from €608 to €3,235
- Depreciation +€1,851
up €1,851 (+99.6%), from €1,859 to €3,711
- Other operating charges +€1,550
up €1,550 (+107%), from €1,451 to €3,001
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 | €50,405 | €44,790 | -€5,615 | -11.1% |
| Fixed assets | 21/28 | €21,048 | €18,436 | -€2,612 | -12.4% |
| Tangible fixed assets | 22/27 | €15,948 | €13,336 | -€2,612 | -16.4% |
| Plant, machinery and equipment | 23 | €14,580 | €12,300 | -€2,280 | -15.6% |
| Other tangible fixed assets | 26 | €1,368 | €1,035 | -€332 | -24.3% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €29,357 | €26,355 | -€3,002 | -10.2% |
| Stocks and contracts in progress | 3 | €17,101 | €16,848 | -€253 | -1.5% |
| Stocks | 30/36 | €17,101 | €16,848 | -€253 | -1.5% |
| Amounts receivable within one year | 40/41 | €5,876 | €6,397 | +€521 | +8.9% |
| Trade receivables | 40 | €5,876 | - | -€5,876 | |
| Other amounts receivable | 41 | - | €6,397 | +€6,397 | |
| Cash at bank and in hand | 54/58 | €6,380 | €2,486 | -€3,894 | -61.0% |
| Deferred charges and accrued income | 490/1 | - | €623 | +€623 | |
| Total equity and liabilities | 10/49 | €50,405 | €44,790 | -€5,615 | -11.1% |
| Equity | 10/15 | €32,318 | €27,729 | -€4,590 | -14.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,318 | €2,729 | -€4,590 | -62.7% |
| Amounts payable | 17/49 | €18,086 | €17,062 | -€1,025 | -5.7% |
| Amounts payable within one year | 42/48 | €18,086 | €17,062 | -€1,025 | -5.7% |
| Trade debts | 44 | €9,676 | €12,874 | +€3,198 | +33.1% |
| Suppliers | 440/4 | €9,676 | €12,874 | +€3,198 | +33.1% |
| Taxes, remuneration and social security | 45 | €8,411 | €4,188 | -€4,223 | -50.2% |
| Taxes | 450/3 | €7,256 | €300 | -€6,956 | -95.9% |
| Remuneration and social security | 454/9 | €1,155 | €3,888 | +€2,732 | +237% |
| Remuneration, social security and pensions | 62 | €11,252 | €4,929 | -€6,324 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,859 | €3,711 | +€1,851 | +99.6% |
| Other operating charges | 640/8 | €1,451 | €3,001 | +€1,550 | +107% |
| Gross operating margin | 9900 | €17,322 | €11,774 | -€5,548 | -32.0% |
| Operating profit (loss) | 9901 | €2,759 | €134 | -€2,626 | -95.2% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €608 | €3,235 | +€2,627 | +432% |
| Recurring financial charges | 65 | €608 | €3,235 | +€2,627 | +432% |
| Profit (loss) for the period before taxes | 9903 | €2,170 | -€3,102 | -€5,272 | |
| Income taxes | 67/77 | - | €1,488 | +€1,488 | |
| Profit (loss) for the period | 9904 | €2,170 | -€4,590 | -€6,759 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,170 | -€4,590 | -€6,759 |
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 27 October 2026 via checked.be.