G.T. SERVICES: 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.
G.T. SERVICES
Largest movements
- Receivables within one year +€60,526
up €60,526 (+32.5%), from €185,994 to €246,520
of which Other amounts receivable: +€67,625
- Cash -€49,175
down €49,175 (-55.4%), from €88,700 to €39,525
mainly Investment in fixed assets (net) (-€89,792) and Receivables within one year (-€60,526)
- Tangible fixed assets +€24,625
up €24,625 (+11.6%), from €211,664 to €236,289
of which Leasing and similar rights: +€44,386
- Deferred charges and accrued income -€10,417
down €10,417 (-51.8%), from €20,095 to €9,678
- Current investments -€7,647
down €7,647 (-100%), from €7,647 to €0
- Short-term financial debts +€75,000
new in 2024: €75,000
- Trade debts -€29,182
down €29,182 (-39.6%), from €73,654 to €44,472
- Tax, wage and social debts -€22,316
down €22,316 (-33.3%), from €67,086 to €44,769
of which Taxes: -€20,500
- Debts after one year +€21,443
up €21,443 (+18.1%), from €118,259 to €139,702
- Current portion of long-term debt -€17,451
down €17,451 (-22.5%), from €77,437 to €59,987
- Write-downs +€30,434
new in 2024: €30,434
- Staff costs -€15,661
down €15,661 (-11.0%), from €142,575 to €126,913
- Depreciation +€12,408
up €12,408 (+23.5%), from €52,759 to €65,167
- Gross operating margin +€12,293
up €12,293 (+4.9%), from €249,230 to €261,523
- Taxes -€6,733
down €6,733 (-47.6%), from €14,134 to €7,401
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,204 | €540,117 | +€17,913 | +3.4% |
| Fixed assets | 21/28 | €219,769 | €244,394 | +€24,625 | +11.2% |
| Tangible fixed assets | 22/27 | €211,664 | €236,289 | +€24,625 | +11.6% |
| Plant, machinery and equipment | 23 | €22,637 | €17,038 | -€5,600 | -24.7% |
| Furniture and vehicles | 24 | €57,955 | €43,804 | -€14,150 | -24.4% |
| Leasing and similar rights | 25 | €119,020 | €163,407 | +€44,386 | +37.3% |
| Other tangible fixed assets | 26 | €12,052 | €12,041 | -€11 | -0.1% |
| Financial fixed assets | 28 | €8,105 | €8,105 | = | 0.0% |
| Current assets | 29/58 | €302,435 | €295,723 | -€6,712 | -2.2% |
| Amounts receivable within one year | 40/41 | €185,994 | €246,520 | +€60,526 | +32.5% |
| Trade receivables | 40 | €101,183 | €94,084 | -€7,099 | -7.0% |
| Other amounts receivable | 41 | €84,811 | €152,436 | +€67,625 | +79.7% |
| Current investments | 50/53 | €7,647 | €0 | -€7,647 | -100% |
| Cash at bank and in hand | 54/58 | €88,700 | €39,525 | -€49,175 | -55.4% |
| Deferred charges and accrued income | 490/1 | €20,095 | €9,678 | -€10,417 | -51.8% |
| Total equity and liabilities | 10/49 | €522,204 | €540,117 | +€17,913 | +3.4% |
| Equity | 10/15 | €183,496 | €176,186 | -€7,311 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,896 | €164,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €164,896 | €164,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,311 | -€7,311 | |
| Amounts payable | 17/49 | €338,708 | €363,931 | +€25,223 | +7.4% |
| Amounts payable after more than one year | 17 | €118,259 | €139,702 | +€21,443 | +18.1% |
| Financial debts | 170/4 | €118,259 | €139,702 | +€21,443 | +18.1% |
| Amounts payable within one year | 42/48 | €218,177 | €224,228 | +€6,051 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €77,437 | €59,987 | -€17,451 | -22.5% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €73,654 | €44,472 | -€29,182 | -39.6% |
| Suppliers | 440/4 | €73,654 | €44,472 | -€29,182 | -39.6% |
| Taxes, remuneration and social security | 45 | €67,086 | €44,769 | -€22,316 | -33.3% |
| Taxes | 450/3 | €53,513 | €33,013 | -€20,500 | -38.3% |
| Remuneration and social security | 454/9 | €13,572 | €11,756 | -€1,816 | -13.4% |
| Accrued charges and deferred income | 492/3 | €2,271 | €0 | -€2,271 | -100% |
| Non-recurring operating income | 76A | €3,715 | €2,500 | -€1,215 | -32.7% |
| Remuneration, social security and pensions | 62 | €142,575 | €126,913 | -€15,661 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,759 | €65,167 | +€12,408 | +23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,434 | +€30,434 | |
| Other operating charges | 640/8 | €22,796 | €22,879 | +€84 | +0.4% |
| Non-recurring operating charges | 66A | €310 | €0 | -€310 | -100% |
| Gross operating margin | 9900 | €249,230 | €261,523 | +€12,293 | +4.9% |
| Operating profit (loss) | 9901 | €30,791 | €16,129 | -€14,662 | -47.6% |
| Financial income | 75/76B | €8,991 | €6,232 | -€2,759 | -30.7% |
| Recurring financial income | 75 | €8,991 | €6,232 | -€2,759 | -30.7% |
| Financial charges | 65/66B | €20,350 | €22,270 | +€1,920 | +9.4% |
| Recurring financial charges | 65 | €20,350 | €22,270 | +€1,920 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €19,432 | €91 | -€19,341 | -99.5% |
| Income taxes | 67/77 | €14,134 | €7,401 | -€6,733 | -47.6% |
| Profit (loss) for the period | 9904 | €5,298 | -€7,311 | -€12,608 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,298 | -€7,311 | -€12,608 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.