GTS Services: 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.
GTS Services
Largest movements
- Receivables within one year +€205,508
up €205,508 (+100.9%), from €203,656 to €409,164
of which Other amounts receivable: +€203,605
- Tangible fixed assets -€27,305
down €27,305 (-14.5%), from €188,453 to €161,148
of which Furniture and vehicles: -€22,568
- Other debts +€148,498
up €148,498 (+90.9%), from €163,428 to €311,926
- Tax, wage and social debts +€47,086
up €47,086 (+65.0%), from €72,455 to €119,541
of which Remuneration and social security: +€60,620
- Debts after one year -€32,908
down €32,908 (-37.8%), from €87,137 to €54,229
- Trade debts +€10,702
up €10,702 (+16.3%), from €65,856 to €76,558
- Gross operating margin +€142,070
up €142,070 (+56.4%), from €252,066 to €394,136
- Staff costs +€104,112
up €104,112 (+52.4%), from €198,872 to €302,985
- Depreciation +€21,872
up €21,872 (+58.1%), from €37,617 to €59,489
- Taxes +€9,863
up €9,863 (+389.9%), from €2,530 to €12,393
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 | €509,397 | €685,528 | +€176,131 | +34.6% |
| Fixed assets | 21/28 | €288,453 | €261,148 | -€27,305 | -9.5% |
| Tangible fixed assets | 22/27 | €188,453 | €161,148 | -€27,305 | -14.5% |
| Plant, machinery and equipment | 23 | €9,974 | €5,237 | -€4,737 | -47.5% |
| Furniture and vehicles | 24 | €178,479 | €155,911 | -€22,568 | -12.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €220,945 | €424,380 | +€203,436 | +92.1% |
| Amounts receivable within one year | 40/41 | €203,656 | €409,164 | +€205,508 | +100.9% |
| Trade receivables | 40 | €11,569 | €13,473 | +€1,904 | +16.5% |
| Other amounts receivable | 41 | €192,087 | €395,692 | +€203,605 | +106.0% |
| Cash at bank and in hand | 54/58 | €13,015 | €10,473 | -€2,542 | -19.5% |
| Deferred charges and accrued income | 490/1 | €4,274 | €4,744 | +€470 | +11.0% |
| Total equity and liabilities | 10/49 | €509,397 | €685,528 | +€176,131 | +34.6% |
| Equity | 10/15 | €86,485 | €88,003 | +€1,518 | +1.8% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €423 | €423 | = | 0.0% |
| Distributable reserves | 133 | €423 | €423 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,462 | €58,981 | +€1,518 | +2.6% |
| Amounts payable | 17/49 | €422,912 | €597,525 | +€174,613 | +41.3% |
| Amounts payable after more than one year | 17 | €87,137 | €54,229 | -€32,908 | -37.8% |
| Financial debts | 170/4 | €87,137 | €54,229 | -€32,908 | -37.8% |
| Amounts payable within one year | 42/48 | €333,413 | €540,933 | +€207,521 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €31,673 | €32,908 | +€1,235 | +3.9% |
| Trade debts | 44 | €65,856 | €76,558 | +€10,702 | +16.3% |
| Suppliers | 440/4 | €65,856 | €76,558 | +€10,702 | +16.3% |
| Taxes, remuneration and social security | 45 | €72,455 | €119,541 | +€47,086 | +65.0% |
| Taxes | 450/3 | €61,189 | €47,655 | -€13,535 | -22.1% |
| Remuneration and social security | 454/9 | €11,266 | €71,886 | +€60,620 | +538.1% |
| Other amounts payable | 47/48 | €163,428 | €311,926 | +€148,498 | +90.9% |
| Accrued charges and deferred income | 492/3 | €2,363 | €2,363 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €198,872 | €302,985 | +€104,112 | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,617 | €59,489 | +€21,872 | +58.1% |
| Other operating charges | 640/8 | €9,608 | €12,435 | +€2,827 | +29.4% |
| Gross operating margin | 9900 | €252,066 | €394,136 | +€142,070 | +56.4% |
| Operating profit (loss) | 9901 | €5,969 | €19,228 | +€13,259 | +222.1% |
| Financial income | 75/76B | €4,169 | €3,620 | -€549 | -13.2% |
| Recurring financial income | 75 | €4,169 | €3,620 | -€549 | -13.2% |
| Financial charges | 65/66B | €5,092 | €8,937 | +€3,845 | +75.5% |
| Recurring financial charges | 65 | €5,092 | €8,937 | +€3,845 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €5,046 | €13,911 | +€8,865 | +175.7% |
| Income taxes | 67/77 | €2,530 | €12,393 | +€9,863 | +389.9% |
| Profit (loss) for the period | 9904 | €2,516 | €1,518 | -€998 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,516 | €1,518 | -€998 | -39.7% |
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 7 October 2026 via checked.be.