GSV TECHNICS: what changed
Two fiscal 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.
GSV TECHNICS
Largest movements
- Cash -€14,371
down €14,371 (-32.7%), from €43,964 to €29,592
mainly Net result for the year (-€17,708) and Trade debts (-€997)
- Tangible fixed assets -€4,463
down €4,463 (-30.7%), from €14,538 to €10,075
of which Furniture and vehicles: -€3,297
- Receivables within one year +€657
up €657 (+3654.0%), from €18 to €675
- Profit (loss) carried forward -€17,708
down €17,708 (-41.9%), from €42,312 to €24,604
- Trade debts -€997
down €997 (-93.6%), from €1,065 to €69
- Gross operating margin -€24,996
down €24,996, from €11,933 to -€13,063
- Taxes -€1,647
no longer reported in 2025 (was €1,647)
- Other operating charges -€388
down €388 (-75.2%), from €516 to €128
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 | €58,864 | €40,342 | -€18,522 | -31.5% |
| Fixed assets | 21/28 | €14,538 | €10,075 | -€4,463 | -30.7% |
| Tangible fixed assets | 22/27 | €14,538 | €10,075 | -€4,463 | -30.7% |
| Plant, machinery and equipment | 23 | €4,645 | €3,480 | -€1,165 | -25.1% |
| Furniture and vehicles | 24 | €9,892 | €6,595 | -€3,297 | -33.3% |
| Current assets | 29/58 | €44,326 | €30,267 | -€14,059 | -31.7% |
| Amounts receivable within one year | 40/41 | €18 | €675 | +€657 | +3654.0% |
| Other amounts receivable | 41 | €18 | €675 | +€657 | +3654.0% |
| Cash at bank and in hand | 54/58 | €43,964 | €29,592 | -€14,371 | -32.7% |
| Deferred charges and accrued income | 490/1 | €344 | - | -€344 | |
| Total equity and liabilities | 10/49 | €58,864 | €40,342 | -€18,522 | -31.5% |
| Equity | 10/15 | €43,312 | €25,604 | -€17,708 | -40.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,312 | €24,604 | -€17,708 | -41.9% |
| Amounts payable | 17/49 | €15,552 | €14,737 | -€814 | -5.2% |
| Amounts payable within one year | 42/48 | €15,552 | €14,737 | -€814 | -5.2% |
| Trade debts | 44 | €1,065 | €69 | -€997 | -93.6% |
| Suppliers | 440/4 | €1,065 | €69 | -€997 | -93.6% |
| Taxes, remuneration and social security | 45 | €14,470 | €14,470 | = | 0.0% |
| Taxes | 450/3 | €14,470 | €14,470 | = | 0.0% |
| Other amounts payable | 47/48 | €17 | €199 | +€182 | +1088.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,463 | €4,463 | = | 0.0% |
| Other operating charges | 640/8 | €516 | €128 | -€388 | -75.2% |
| Gross operating margin | 9900 | €11,933 | -€13,063 | -€24,996 | |
| Operating profit (loss) | 9901 | €6,954 | -€17,654 | -€24,607 | |
| Financial charges | 65/66B | €14 | €54 | +€41 | +300.0% |
| Recurring financial charges | 65 | €14 | €54 | +€41 | +300.0% |
| Profit (loss) for the period before taxes | 9903 | €6,940 | -€17,708 | -€24,648 | |
| Income taxes | 67/77 | €1,647 | - | -€1,647 | |
| Profit (loss) for the period | 9904 | €5,293 | -€17,708 | -€23,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,293 | -€17,708 | -€23,001 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.