GS TRANS: 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.
GS TRANS
Largest movements
- Tangible fixed assets -€18,869
down €18,869 (-35.6%), from €53,034 to €34,165
of which Leasing and similar rights: -€40,241
- Cash +€12,480
up €12,480 (+214%), from €5,827 to €18,307
mainly Debts after one year (+€31,628) and Depreciation (+€21,445)
- Deferred charges and accrued income +€3,203
up €3,203 (+20.2%), from €15,888 to €19,091
- Other debts -€31,730
no longer reported in 2025 (was €31,730)
- Debts after one year +€31,628
new in 2025: €31,628
- Profit (loss) carried forward +€9,294
up €9,294 (+275%), from €3,381 to €12,675
- Short-term financial debts -€6,777
no longer reported in 2025 (was €6,777)
- Trade debts -€4,977
down €4,977 (-29.1%), from €17,104 to €12,127
- Gross operating margin +€18,945
up €18,945 (+91.1%), from €20,789 to €39,734
- Taxes +€3,235
up €3,235 (+580%), from €558 to €3,793
- Depreciation +€1,092
up €1,092 (+5.4%), from €20,353 to €21,445
- Financial charges -€574
down €574 (-26.7%), from €2,153 to €1,579
- Other operating charges +€455
up €455 (+14.3%), from €3,172 to €3,627
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 | €95,018 | €91,676 | -€3,342 | -3.5% |
| Fixed assets | 21/28 | €53,034 | €34,165 | -€18,869 | -35.6% |
| Tangible fixed assets | 22/27 | €53,034 | €34,165 | -€18,869 | -35.6% |
| Land and buildings | 22 | €268 | €134 | -€134 | -50.0% |
| Furniture and vehicles | 24 | €12,525 | €34,031 | +€21,506 | +172% |
| Leasing and similar rights | 25 | €40,241 | - | -€40,241 | |
| Current assets | 29/58 | €41,985 | €57,511 | +€15,526 | +37.0% |
| Amounts receivable within one year | 40/41 | €20,270 | €20,113 | -€157 | -0.8% |
| Trade receivables | 40 | €18,398 | €18,241 | -€157 | -0.9% |
| Other amounts receivable | 41 | €1,872 | €1,872 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,827 | €18,307 | +€12,480 | +214% |
| Deferred charges and accrued income | 490/1 | €15,888 | €19,091 | +€3,203 | +20.2% |
| Total equity and liabilities | 10/49 | €95,018 | €91,676 | -€3,342 | -3.5% |
| Equity | 10/15 | €27,787 | €37,081 | +€9,294 | +33.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,006 | €12,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,146 | €10,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,381 | €12,675 | +€9,294 | +275% |
| Amounts payable | 17/49 | €67,231 | €54,595 | -€12,636 | -18.8% |
| Amounts payable after more than one year | 17 | - | €31,628 | +€31,628 | |
| Other amounts payable | 178/9 | - | €31,628 | +€31,628 | |
| Amounts payable within one year | 42/48 | €67,231 | €22,967 | -€44,264 | -65.8% |
| Financial debts | 43 | €6,777 | - | -€6,777 | |
| Credit institutions | 430/8 | €6,777 | - | -€6,777 | |
| Trade debts | 44 | €17,104 | €12,127 | -€4,977 | -29.1% |
| Suppliers | 440/4 | €17,104 | €12,127 | -€4,977 | -29.1% |
| Taxes, remuneration and social security | 45 | €11,621 | €10,840 | -€782 | -6.7% |
| Taxes | 450/3 | €7,221 | €10,840 | +€3,619 | +50.1% |
| Remuneration and social security | 454/9 | €4,400 | - | -€4,400 | |
| Other amounts payable | 47/48 | €31,730 | - | -€31,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,353 | €21,445 | +€1,092 | +5.4% |
| Other operating charges | 640/8 | €3,172 | €3,627 | +€455 | +14.3% |
| Gross operating margin | 9900 | €20,789 | €39,734 | +€18,945 | +91.1% |
| Operating profit (loss) | 9901 | -€2,736 | €14,662 | +€17,399 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €2,153 | €1,579 | -€574 | -26.7% |
| Recurring financial charges | 65 | €2,153 | €1,579 | -€574 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,890 | €13,087 | +€17,977 | |
| Income taxes | 67/77 | €558 | €3,793 | +€3,235 | +580% |
| Profit (loss) for the period | 9904 | -€5,448 | €9,294 | +€14,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,448 | €9,294 | +€14,742 |
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 21 October 2026 via checked.be.