GENERAL SERVICES ANTWERP: what changed
What changed
GENERAL SERVICES ANTWERP
NACE 52.100, Warehousing and storage
filed annual accounts (NBB)
Net result for the year
€4.1m
2024 · €121.7m-€117.6m
Equity
€222.9m
2024 · €218.8m+€4.1m
Cash
€658
2024 · €900-€242
Balance sheet total
€312.1m
2024 · €276.2m+€35.9m
Largest movements
Assets
- Financial fixed assets +€121.2m
up €121.2m (+251%), from €48.4m to €169.6m
of which Other financial fixed assets: +€169.6m
- Receivables within one year -€80.3m
down €80.3m (-54.7%), from €146.8m to €66.5m
of which Other amounts receivable: -€93.9m
- Tangible fixed assets -€4.5m
down €4.5m (-5.7%), from €79.3m to €74.8m
of which Land and buildings: -€6.4m
Equity and liabilities
- Other debts +€33.8m
up €33.8m (+3,757,161%), from €900 to €33.8m
- Reserves +€4.1m
up €4.1m (+2.2%), from €187.2m to €191.3m
of which Distributable reserves: +€4.1m
- Provisions -€3.3m
down €3.3m (-56.3%), from €5.9m to €2.6m
of which Provisions for liabilities and charges: -€3.3m
Income statement
- Financial income -€116.8m
down €116.8m (-98.6%), from €118.5m to €1.7m
of which Non-recurring financial income: -€113.8m
- Turnover +€20.7m
up €20.7m (+8.9%), from €231.3m to €252.0m
- Services and other goods +€19.3m
up €19.3m (+13.3%), from €144.7m to €164.0m
- Staff costs -€3.2m
down €3.2m (-4.3%), from €75.5m to €72.3m
- Provisions +€3.0m
up €3.0m (+47.0%), from -€6.3m to -€3.3m
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
€121.7m
Turnover
+€20.7m
Other operating income
-€403,268
Services and other goods
-€19.3m
Staff costs
+€3.2m
Depreciation
-€176,093
Write-downs
-€282,911
Provisions
-€3.0m
Other operating charges
-€1.5m
Other operating items
-€144,997
Financial income
-€116.8m
Financial charges
+€218,497
Taxes
-€186,729
Result 2025
€4.1m
raises the resultlowers the resultnot broken down further in the accounts
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
+€132.0m
Investment
-€132.0m
Financing
€0
Cash 2024
€900
From operations (derived)
+€132.0m
Net result for the year
+€4.1m
Depreciation
+€15.3m
Receivables within one year
+€80.3m
Deferred charges and accrued income
+€559,688
Provisions
-€3.3m
Trade debts
+€1.5m
Tax, wage and social debts
-€385,103
Other debts
+€33.8m
Accrued charges and deferred income
+€190,479
Investment (derived)
-€132.0m
Investment in fixed assets (net)
-€132.0m
Cash 2025
€658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,230,271 | €312,110,826 | +€35.9m | +13.0% |
| Fixed assets | 21/28 | €127,718,009 | €244,443,862 | +€116.7m | +91.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €79,325,207 | €74,808,600 | -€4.5m | -5.7% |
| Land and buildings | 22 | €63,287,938 | €56,924,721 | -€6.4m | -10.1% |
| Plant, machinery and equipment | 23 | €5,696,140 | €4,244,955 | -€1.5m | -25.5% |
| Furniture and vehicles | 24 | €1,632,450 | €1,583,927 | -€48,523 | -3.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €8,708,679 | €12,054,997 | +€3.3m | +38.4% |
| Financial fixed assets | 28 | €48,392,802 | €169,635,262 | +€121.2m | +251% |
| Affiliated companies | 280/1 | €48,384,923 | €900 | -€48.4m | -100.0% |
| Participating interests | 280 | €48,384,923 | €900 | -€48.4m | -100.0% |
| Other financial fixed assets | 284/8 | €7,878 | €169,634,362 | +€169.6m | +2,153,120% |
| Shares | 284 | - | €169,606,743 | +€169.6m | |
| Amounts receivable and cash guarantees | 285/8 | €7,878 | €27,618 | +€19,740 | +251% |
| Current assets | 29/58 | €148,512,262 | €67,666,964 | -€80.8m | -54.4% |
| Amounts receivable within one year | 40/41 | €146,802,175 | €66,516,806 | -€80.3m | -54.7% |
| Trade receivables | 40 | €39,771,923 | €53,365,351 | +€13.6m | +34.2% |
| Other amounts receivable | 41 | €107,030,252 | €13,151,455 | -€93.9m | -87.7% |
| Cash at bank and in hand | 54/58 | €900 | €658 | -€242 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,709,188 | €1,149,500 | -€559,688 | -32.7% |
| Total equity and liabilities | 10/49 | €276,230,271 | €312,110,826 | +€35.9m | +13.0% |
| Equity | 10/15 | €218,780,704 | €222,888,702 | +€4.1m | +1.9% |
| Contributions | 10/11 | €31,596,413 | €31,596,413 | = | 0.0% |
| Capital | 10 | €31,596,413 | €31,596,413 | = | 0.0% |
| Issued capital | 100 | €31,596,413 | €31,596,413 | = | 0.0% |
| Reserves | 13 | €187,184,290 | €191,292,289 | +€4.1m | +2.2% |
| Non-distributable reserves | 130/1 | €3,159,641 | €3,159,641 | = | 0.0% |
| Legal reserve | 130 | €3,159,641 | €3,159,641 | = | 0.0% |
| Tax-exempt reserves | 132 | €176,490,510 | €176,484,882 | -€5,628 | 0.0% |
| Distributable reserves | 133 | €7,534,139 | €11,647,765 | +€4.1m | +54.6% |
| Provisions and deferred taxes | 16 | €5,944,869 | €2,599,848 | -€3.3m | -56.3% |
| Provisions for liabilities and charges | 160/5 | €5,923,545 | €2,580,400 | -€3.3m | -56.4% |
| Environmental obligations | 163 | €5,923,545 | €2,580,400 | -€3.3m | -56.4% |
| Deferred taxes | 168 | €21,324 | €19,448 | -€1,876 | -8.8% |
| Amounts payable | 17/49 | €51,504,699 | €86,622,275 | +€35.1m | +68.2% |
| Amounts payable within one year | 42/48 | €50,826,677 | €85,753,775 | +€34.9m | +68.7% |
| Trade debts | 44 | €33,628,258 | €35,126,010 | +€1.5m | +4.5% |
| Suppliers | 440/4 | €33,628,258 | €35,126,010 | +€1.5m | +4.5% |
| Taxes, remuneration and social security | 45 | €17,197,519 | €16,812,416 | -€385,103 | -2.2% |
| Taxes | 450/3 | €3,654,502 | €3,598,788 | -€55,714 | -1.5% |
| Remuneration and social security | 454/9 | €13,543,017 | €13,213,628 | -€329,388 | -2.4% |
| Other amounts payable | 47/48 | €900 | €33,815,348 | +€33.8m | +3,757,161% |
| Accrued charges and deferred income | 492/3 | €678,021 | €868,500 | +€190,479 | +28.1% |
| Operating income | 70/76A | €235,330,558 | €255,477,230 | +€20.1m | +8.6% |
| Turnover | 70 | €231,300,261 | €251,995,197 | +€20.7m | +8.9% |
| Other operating income | 74 | €3,769,500 | €3,366,232 | -€403,268 | -10.7% |
| Non-recurring operating income | 76A | €260,798 | €115,800 | -€144,997 | -55.6% |
| Operating charges | 60/66A | €230,488,750 | €251,498,959 | +€21.0m | +9.1% |
| Services and other goods | 61 | €144,744,149 | €164,006,392 | +€19.3m | +13.3% |
| Remuneration, social security and pensions | 62 | €75,495,506 | €72,277,581 | -€3.2m | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,127,995 | €15,304,089 | +€176,093 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €140,042 | €422,953 | +€282,911 | +202% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,304,237 | -€3,343,145 | +€3.0m | +47.0% |
| Other operating charges | 640/8 | €1,285,295 | €2,831,089 | +€1.5m | +120% |
| Operating profit (loss) | 9901 | €4,841,809 | €3,978,271 | -€863,538 | -17.8% |
| Financial income | 75/76B | €118,472,770 | €1,669,266 | -€116.8m | -98.6% |
| Recurring financial income | 75 | €4,524,690 | €1,552,813 | -€3.0m | -65.7% |
| Income from financial fixed assets | 750 | €3,148,887 | €752,742 | -€2.4m | -76.1% |
| Income from current assets | 751 | €1,215,087 | €682,050 | -€533,037 | -43.9% |
| Other financial income | 752/9 | €160,716 | €118,021 | -€42,695 | -26.6% |
| Non-recurring financial income | 76B | €113,948,080 | €116,453 | -€113.8m | -99.9% |
| Financial charges | 65/66B | €1,490,094 | €1,271,596 | -€218,497 | -14.7% |
| Recurring financial charges | 65 | €1,490,094 | €1,271,596 | -€218,497 | -14.7% |
| Debt charges | 650 | €1,487,259 | €1,241,104 | -€246,154 | -16.6% |
| Other financial charges | 652/9 | €2,835 | €30,492 | +€27,657 | +976% |
| Profit (loss) for the period before taxes | 9903 | €121,824,485 | €4,375,941 | -€117.4m | -96.4% |
| Transfer from deferred taxes | 780 | €1,876 | €1,876 | = | 0.0% |
| Income taxes | 67/77 | €83,089 | €269,818 | +€186,729 | +225% |
| Taxes | 670/3 | €83,089 | €269,818 | +€186,729 | +225% |
| Profit (loss) for the period | 9904 | €121,743,272 | €4,107,998 | -€117.6m | -96.6% |
| Transfer from tax-exempt reserves | 789 | €5,628 | €5,628 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,748,900 | €4,113,627 | -€117.6m | -96.6% |
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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 3 November 2026 via checked.be.