POINT G.S.M.: 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.
POINT G.S.M.
Largest movements
- Cash +€18,914
up €18,914 (+63.8%), from €29,633 to €48,547
mainly Net result for the year (+€44,128) and Depreciation (+€13,054)
- Receivables within one year +€16,763
up €16,763 (+568%), from €2,949 to €19,712
of which Trade receivables: +€15,955
- Tangible fixed assets +€6,033
up €6,033 (+6.2%), from €97,521 to €103,554
of which Furniture and vehicles: +€12,791
- Reserves +€44,000
up €44,000 (+158%), from €27,859 to €71,859
- Trade debts -€8,414
down €8,414 (-29.5%), from €28,520 to €20,106
- Other debts +€2,993
up €2,993 (+52.1%), from €5,743 to €8,736
- Staff costs -€24,687
no longer reported in 2025 (was €24,687)
- Taxes +€12,871
up €12,871 (+156%), from €8,245 to €21,116
- Gross operating margin +€7,749
up €7,749 (+10.4%), from €74,270 to €82,019
- Depreciation -€6,668
down €6,668 (-33.8%), from €19,722 to €13,054
- Other operating charges -€927
down €927 (-22.2%), from €4,176 to €3,249
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 | €137,874 | €178,218 | +€40,344 | +29.3% |
| Formation expenses | 20 | €4,980 | €3,735 | -€1,245 | -25.0% |
| Fixed assets | 21/28 | €97,521 | €103,554 | +€6,033 | +6.2% |
| Tangible fixed assets | 22/27 | €97,521 | €103,554 | +€6,033 | +6.2% |
| Land and buildings | 22 | €72,520 | €68,440 | -€4,080 | -5.6% |
| Plant, machinery and equipment | 23 | €23,251 | €20,573 | -€2,678 | -11.5% |
| Furniture and vehicles | 24 | €1,750 | €14,541 | +€12,791 | +731% |
| Current assets | 29/58 | €35,373 | €70,929 | +€35,556 | +101% |
| Stocks and contracts in progress | 3 | €2,791 | €2,670 | -€121 | -4.3% |
| Stocks | 30/36 | €2,791 | €2,670 | -€121 | -4.3% |
| Amounts receivable within one year | 40/41 | €2,949 | €19,712 | +€16,763 | +568% |
| Trade receivables | 40 | €936 | €16,891 | +€15,955 | +1,705% |
| Other amounts receivable | 41 | €2,013 | €2,821 | +€808 | +40.1% |
| Cash at bank and in hand | 54/58 | €29,633 | €48,547 | +€18,914 | +63.8% |
| Total equity and liabilities | 10/49 | €137,874 | €178,218 | +€40,344 | +29.3% |
| Equity | 10/15 | €97,965 | €142,093 | +€44,128 | +45.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,859 | €71,859 | +€44,000 | +158% |
| Distributable reserves | 133 | €27,859 | €71,859 | +€44,000 | +158% |
| Profit (loss) carried forward | 14 | €51,514 | €51,642 | +€128 | +0.2% |
| Amounts payable | 17/49 | €39,909 | €36,125 | -€3,784 | -9.5% |
| Amounts payable within one year | 42/48 | €39,909 | €35,136 | -€4,773 | -12.0% |
| Trade debts | 44 | €28,520 | €20,106 | -€8,414 | -29.5% |
| Suppliers | 440/4 | €28,520 | €20,106 | -€8,414 | -29.5% |
| Taxes, remuneration and social security | 45 | €5,646 | €6,294 | +€648 | +11.5% |
| Taxes | 450/3 | €3,633 | €6,294 | +€2,661 | +73.2% |
| Remuneration and social security | 454/9 | €2,013 | - | -€2,013 | |
| Other amounts payable | 47/48 | €5,743 | €8,736 | +€2,993 | +52.1% |
| Accrued charges and deferred income | 492/3 | - | €989 | +€989 | |
| Non-recurring operating income | 76A | - | €10,602 | +€10,602 | |
| Remuneration, social security and pensions | 62 | €24,687 | - | -€24,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,722 | €13,054 | -€6,668 | -33.8% |
| Other operating charges | 640/8 | €4,176 | €3,249 | -€927 | -22.2% |
| Non-recurring operating charges | 66A | €88 | - | -€88 | |
| Gross operating margin | 9900 | €74,270 | €82,019 | +€7,749 | +10.4% |
| Operating profit (loss) | 9901 | €25,597 | €65,716 | +€40,119 | +157% |
| Financial income | 75/76B | €35 | €11 | -€24 | -68.6% |
| Recurring financial income | 75 | €35 | €11 | -€24 | -68.6% |
| Financial charges | 65/66B | €258 | €483 | +€225 | +87.2% |
| Recurring financial charges | 65 | €258 | €483 | +€225 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €25,374 | €65,244 | +€39,870 | +157% |
| Income taxes | 67/77 | €8,245 | €21,116 | +€12,871 | +156% |
| Profit (loss) for the period | 9904 | €17,129 | €44,128 | +€26,999 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €17,129 | €44,128 | +€26,999 | +158% |
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 22 October 2026 via checked.be.