GWS Service: what changed
What changed
GWS Service
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
€95,935
2024 · €45,373+€50,562
Equity
€128,847
2024 · €90,912+€37,935
Cash
€72,738
2024 · €20,388+€52,349
Balance sheet total
€408,110
2024 · €325,635+€82,475
Largest movements
Assets
- Cash +€52,349
up €52,349 (+257%), from €20,388 to €72,738
mainly Net result for the year (+€95,935) and Other debts (+€37,674)
- Receivables within one year +€31,946
up €31,946 (+882%), from €3,621 to €35,567
of which Trade receivables: +€23,170
- Tangible fixed assets -€26,207
down €26,207 (-8.7%), from €301,122 to €274,915
- Deferred charges and accrued income +€24,387
up €24,387 (+4,847%), from €503 to €24,890
Equity and liabilities
- Reserves +€37,935
up €37,935 (+42.2%), from €89,912 to €127,847
- Other debts +€37,674
up €37,674 (+1,619%), from €2,326 to €40,000
- Debts after one year -€17,053
down €17,053 (-9.9%), from €171,497 to €154,444
of which Financial debts: -€17,053
- Short-term financial debts +€10,000
up €10,000 (+66.7%), from €15,000 to €25,000
- Current portion of long-term debt +€9,609
up €9,609 (+37.8%), from €25,444 to €35,052
Income statement
- Staff costs -€27,460
down €27,460 (-75.8%), from €36,217 to €8,757
- Depreciation -€23,935
down €23,935 (-51.3%), from €46,681 to €22,746
- Taxes +€20,150
up €20,150 (+145%), from €13,854 to €34,004
- Gross operating margin +€9,376
up €9,376 (+5.7%), from €165,217 to €174,593
- Write-downs -€9,294
down €9,294, from €4,647 to -€4,647
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,373
Gross operating margin
+€9,376
Staff costs
+€27,460
Depreciation
+€23,935
Write-downs
+€9,294
Other operating charges
-€1,365
Financial income
+€294
Financial charges
+€1,718
Taxes
-€20,150
Result 2025
€95,935
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€104,333
Investment
+€3,461
Financing
-€55,444
Cash 2024
€20,388
From operations (derived)
+€104,333
Net result for the year
+€95,935
Depreciation
+€22,746
Receivables within one year
-€31,946
Deferred charges and accrued income
-€24,387
Trade debts
+€3,648
Tax, wage and social debts
+€1,343
Other debts
+€37,674
Accrued charges and deferred income
-€681
Investment (derived)
+€3,461
Investment in fixed assets (net)
+€3,461
Financing
-€55,444
Debts after one year
-€17,053
Current portion of long-term debt
+€9,609
Short-term financial debts
+€10,000
Contributions, distributions and other
-€58,000
Cash 2025
€72,738
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,635 | €408,110 | +€82,475 | +25.3% |
| Fixed assets | 21/28 | €301,122 | €274,915 | -€26,207 | -8.7% |
| Tangible fixed assets | 22/27 | €301,122 | €274,915 | -€26,207 | -8.7% |
| Land and buildings | 22 | €258,936 | €247,596 | -€11,341 | -4.4% |
| Plant, machinery and equipment | 23 | €2,314 | €1,651 | -€663 | -28.6% |
| Furniture and vehicles | 24 | €24,160 | €13,934 | -€10,226 | -42.3% |
| Other tangible fixed assets | 26 | €15,711 | €11,734 | -€3,977 | -25.3% |
| Current assets | 29/58 | €24,513 | €133,195 | +€108,682 | +443% |
| Amounts receivable within one year | 40/41 | €3,621 | €35,567 | +€31,946 | +882% |
| Trade receivables | 40 | €976 | €24,145 | +€23,170 | +2,374% |
| Other amounts receivable | 41 | €2,646 | €11,422 | +€8,776 | +332% |
| Cash at bank and in hand | 54/58 | €20,388 | €72,738 | +€52,349 | +257% |
| Deferred charges and accrued income | 490/1 | €503 | €24,890 | +€24,387 | +4,847% |
| Total equity and liabilities | 10/49 | €325,635 | €408,110 | +€82,475 | +25.3% |
| Equity | 10/15 | €90,912 | €128,847 | +€37,935 | +41.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €89,912 | €127,847 | +€37,935 | +42.2% |
| Distributable reserves | 133 | €89,912 | €127,847 | +€37,935 | +42.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,723 | €279,263 | +€44,540 | +19.0% |
| Amounts payable after more than one year | 17 | €171,497 | €154,444 | -€17,053 | -9.9% |
| Financial debts | 170/4 | €169,497 | €152,444 | -€17,053 | -10.1% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,561 | €123,834 | +€62,273 | +101% |
| Current portion of amounts payable after more than one year | 42 | €25,444 | €35,052 | +€9,609 | +37.8% |
| Financial debts | 43 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Credit institutions | 430/8 | €15,000 | €25,000 | +€10,000 | +66.7% |
| Trade debts | 44 | €2,371 | €6,019 | +€3,648 | +154% |
| Suppliers | 440/4 | €2,371 | €6,019 | +€3,648 | +154% |
| Taxes, remuneration and social security | 45 | €16,420 | €17,763 | +€1,343 | +8.2% |
| Taxes | 450/3 | €9,902 | €14,005 | +€4,103 | +41.4% |
| Remuneration and social security | 454/9 | €6,518 | €3,758 | -€2,760 | -42.3% |
| Other amounts payable | 47/48 | €2,326 | €40,000 | +€37,674 | +1,619% |
| Accrued charges and deferred income | 492/3 | €1,666 | €985 | -€681 | -40.9% |
| Non-recurring operating income | 76A | €1,692 | €0 | -€1,692 | -100% |
| Remuneration, social security and pensions | 62 | €36,217 | €8,757 | -€27,460 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,681 | €22,746 | -€23,935 | -51.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,647 | -€4,647 | -€9,294 | |
| Other operating charges | 640/8 | €1,477 | €2,842 | +€1,365 | +92.4% |
| Gross operating margin | 9900 | €165,217 | €174,593 | +€9,376 | +5.7% |
| Operating profit (loss) | 9901 | €76,195 | €144,895 | +€68,700 | +90.2% |
| Financial income | 75/76B | - | €294 | +€294 | |
| Recurring financial income | 75 | - | €294 | +€294 | |
| Financial charges | 65/66B | €16,968 | €15,249 | -€1,718 | -10.1% |
| Recurring financial charges | 65 | €16,968 | €15,249 | -€1,718 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €59,227 | €129,940 | +€70,712 | +119% |
| Income taxes | 67/77 | €13,854 | €34,004 | +€20,150 | +145% |
| Profit (loss) for the period | 9904 | €45,373 | €95,935 | +€50,562 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €45,373 | €95,935 | +€50,562 | +111% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.