GS Company: what changed
What changed
GS Company
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€48,761
2022 · -€552-€48,209
Equity
-€14,423
2022 · €34,338-€48,761
Cash
€25
2022 · €2,359-€2,333
Balance sheet total
€162,657
2022 · €245,844-€83,187
Largest movements
Assets
- Tangible fixed assets -€102,389
down €102,389 (-82.1%), from €124,777 to €22,388
of which Leasing and similar rights: -€95,113
- Receivables within one year +€19,135
up €19,135 (+100%), from €19,129 to €38,264
of which Trade receivables: +€23,259
- Financial fixed assets +€14,516
new in 2023: €14,516
- Receivables after one year -€11,896
down €11,896 (-12.1%), from €98,216 to €86,320
Equity and liabilities
- Debts after one year -€60,709
down €60,709 (-51.2%), from €118,560 to €57,851
- Reserves -€26,278
down €26,278 (-93.4%), from €28,138 to €1,860
of which Distributable reserves: -€26,278
- Profit (loss) carried forward -€22,483
new in 2023: -€22,483
- Other debts +€20,876
up €20,876 (+185%), from €11,265 to €32,141
- Trade debts +€11,256
up €11,256 (+290%), from €3,880 to €15,136
Income statement
- Depreciation -€7,201
down €7,201 (-13.2%), from €54,526 to €47,325
- Staff costs -€5,839
down €5,839 (-100%), from €5,839 to €0
- Gross operating margin +€2,025
up €2,025 (+2.7%), from €73,813 to €75,838
Change in the result, 2022 to 2023
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 2022
-€552
Gross operating margin
+€2,025
Staff costs
+€5,839
Depreciation
+€7,201
Other operating charges
+€385
Other operating items
-€63,849
Financial income
+€598
Financial charges
-€408
Result 2023
-€48,761
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,542
Investment
+€40,548
Financing
-€58,423
Cash 2022
€2,359
From operations (derived)
+€15,542
Net result for the year
-€48,761
Depreciation
+€47,325
Receivables after one year
+€11,896
Receivables within one year
-€19,135
Deferred charges and accrued income
+€220
Trade debts
+€11,256
Tax, wage and social debts
-€8,134
Other debts
+€20,876
Investment (derived)
+€40,548
Investment in fixed assets (net)
+€40,548
Financing
-€58,423
Debts after one year
-€60,709
Current portion of long-term debt
+€2,286
Cash 2023
€25
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,844 | €162,657 | -€83,187 | -33.8% |
| Fixed assets | 21/28 | €124,777 | €36,904 | -€87,873 | -70.4% |
| Tangible fixed assets | 22/27 | €124,777 | €22,388 | -€102,389 | -82.1% |
| Land and buildings | 22 | €207 | €0 | -€207 | -100% |
| Furniture and vehicles | 24 | €29,457 | €22,388 | -€7,069 | -24.0% |
| Leasing and similar rights | 25 | €95,113 | €0 | -€95,113 | -100% |
| Financial fixed assets | 28 | - | €14,516 | +€14,516 | |
| Current assets | 29/58 | €121,067 | €125,753 | +€4,686 | +3.9% |
| Amounts receivable after more than one year | 29 | €98,216 | €86,320 | -€11,896 | -12.1% |
| Other amounts receivable | 291 | €98,216 | €86,320 | -€11,896 | -12.1% |
| Amounts receivable within one year | 40/41 | €19,129 | €38,264 | +€19,135 | +100% |
| Trade receivables | 40 | €8,655 | €31,915 | +€23,259 | +269% |
| Other amounts receivable | 41 | €10,474 | €6,349 | -€4,125 | -39.4% |
| Cash at bank and in hand | 54/58 | €2,359 | €25 | -€2,333 | -98.9% |
| Deferred charges and accrued income | 490/1 | €1,363 | €1,143 | -€220 | -16.1% |
| Total equity and liabilities | 10/49 | €245,844 | €162,657 | -€83,187 | -33.8% |
| Equity | 10/15 | €34,338 | -€14,423 | -€48,761 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,138 | €1,860 | -€26,278 | -93.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,278 | €0 | -€26,278 | -100% |
| Profit (loss) carried forward | 14 | - | -€22,483 | -€22,483 | |
| Amounts payable | 17/49 | €211,506 | €177,080 | -€34,426 | -16.3% |
| Amounts payable after more than one year | 17 | €118,560 | €57,851 | -€60,709 | -51.2% |
| Financial debts | 170/4 | €118,560 | €57,851 | -€60,709 | -51.2% |
| Amounts payable within one year | 42/48 | €92,945 | €119,229 | +€26,283 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €58,423 | €60,709 | +€2,286 | +3.9% |
| Trade debts | 44 | €3,880 | €15,136 | +€11,256 | +290% |
| Suppliers | 440/4 | €3,880 | €15,136 | +€11,256 | +290% |
| Taxes, remuneration and social security | 45 | €19,378 | €11,243 | -€8,134 | -42.0% |
| Taxes | 450/3 | €18,272 | €11,243 | -€7,029 | -38.5% |
| Remuneration and social security | 454/9 | €1,106 | €0 | -€1,106 | -100% |
| Other amounts payable | 47/48 | €11,265 | €32,141 | +€20,876 | +185% |
| Remuneration, social security and pensions | 62 | €5,839 | €0 | -€5,839 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,526 | €47,325 | -€7,201 | -13.2% |
| Other operating charges | 640/8 | €917 | €532 | -€385 | -42.0% |
| Non-recurring operating charges | 66A | €329 | €64,178 | +€63,849 | +19,379% |
| Gross operating margin | 9900 | €73,813 | €75,838 | +€2,025 | +2.7% |
| Operating profit (loss) | 9901 | €12,201 | -€36,197 | -€48,398 | |
| Financial income | 75/76B | €2,463 | €3,060 | +€598 | +24.3% |
| Recurring financial income | 75 | €2,463 | €3,060 | +€598 | +24.3% |
| Financial charges | 65/66B | €15,216 | €15,624 | +€408 | +2.7% |
| Recurring financial charges | 65 | €15,216 | €15,624 | +€408 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€552 | -€48,761 | -€48,209 | -8,729% |
| Profit (loss) for the period | 9904 | -€552 | -€48,761 | -€48,209 | -8,729% |
| Profit (loss) for the period to be appropriated | 9905 | -€552 | -€48,761 | -€48,209 | -8,729% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.