GDS TRANS: 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.
GDS TRANS
Largest movements
- Receivables within one year -€256,875
down €256,875 (-31.1%), from €825,503 to €568,628
of which Other amounts receivable: -€242,987
- Tangible fixed assets +€47,997
up €47,997 (+623.2%), from €7,702 to €55,700
- Trade debts -€184,969
down €184,969 (-23.6%), from €783,024 to €598,056
- Tax, wage and social debts -€19,898
no longer reported in 2024 (was €19,898)
of which Taxes: -€11,744
- Staff costs -€94,502
down €94,502 (-99.6%), from €94,853 to €351
- Gross operating margin -€89,441
down €89,441 (-82.5%), from €108,460 to €19,019
- Taxes +€7,188
new in 2024: €7,188
- Depreciation +€4,695
up €4,695 (+56.5%), from €8,312 to €13,008
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.
Cash bridge derived
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 | €875,322 | €663,450 | -€211,872 | -24.2% |
| Fixed assets | 21/28 | €46,802 | €94,800 | +€47,997 | +102.6% |
| Tangible fixed assets | 22/27 | €7,702 | €55,700 | +€47,997 | +623.2% |
| Furniture and vehicles | 24 | €7,702 | €55,700 | +€47,997 | +623.2% |
| Financial fixed assets | 28 | €39,100 | €39,100 | = | 0.0% |
| Current assets | 29/58 | €828,520 | €568,650 | -€259,870 | -31.4% |
| Amounts receivable within one year | 40/41 | €825,503 | €568,628 | -€256,875 | -31.1% |
| Trade receivables | 40 | €497,785 | €483,897 | -€13,888 | -2.8% |
| Other amounts receivable | 41 | €327,717 | €84,731 | -€242,987 | -74.1% |
| Cash at bank and in hand | 54/58 | €3,017 | €22 | -€2,995 | -99.3% |
| Total equity and liabilities | 10/49 | €875,322 | €663,450 | -€211,872 | -24.2% |
| Equity | 10/15 | €48,399 | €41,394 | -€7,005 | -14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €34,139 | €27,134 | -€7,005 | -20.5% |
| Amounts payable | 17/49 | €826,923 | €622,056 | -€204,867 | -24.8% |
| Amounts payable after more than one year | 17 | €24,000 | €24,000 | = | 0.0% |
| Other amounts payable | 178/9 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €802,923 | €598,056 | -€204,867 | -25.5% |
| Trade debts | 44 | €783,024 | €598,056 | -€184,969 | -23.6% |
| Suppliers | 440/4 | €783,024 | €598,056 | -€184,969 | -23.6% |
| Taxes, remuneration and social security | 45 | €19,898 | - | -€19,898 | |
| Taxes | 450/3 | €11,744 | - | -€11,744 | |
| Remuneration and social security | 454/9 | €8,155 | - | -€8,155 | |
| Remuneration, social security and pensions | 62 | €94,853 | €351 | -€94,502 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,312 | €13,008 | +€4,695 | +56.5% |
| Other operating charges | 640/8 | €502 | €181 | -€321 | -64.0% |
| Non-recurring operating charges | 66A | €141 | €4,565 | +€4,424 | +3142.1% |
| Gross operating margin | 9900 | €108,460 | €19,019 | -€89,441 | -82.5% |
| Operating profit (loss) | 9901 | €4,652 | €914 | -€3,738 | -80.3% |
| Financial charges | 65/66B | €1,009 | €731 | -€278 | -27.5% |
| Recurring financial charges | 65 | €1,009 | €731 | -€278 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €3,643 | €183 | -€3,460 | -95.0% |
| Income taxes | 67/77 | - | €7,188 | +€7,188 | |
| Profit (loss) for the period | 9904 | €3,643 | -€7,005 | -€10,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,643 | -€7,005 | -€10,648 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.