GS SAREEN: 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 SAREEN
Largest movements
- Stocks and contracts +€30,249
up €30,249 (+50.0%), from €60,522 to €90,771
- Receivables within one year -€2,345
down €2,345 (-9.9%), from €23,576 to €21,231
- Cash -€1,764
no longer reported in 2024 (was €1,764)
mainly Stocks and contracts (-€30,249) and Tax, wage and social debts (-€12,025)
- Short-term financial debts +€16,407
new in 2024: €16,407
- Tax, wage and social debts -€12,025
no longer reported in 2024 (was €12,025)
- Profit (loss) carried forward +€9,331
up €9,331 (+252%), from €3,699 to €13,030
- Other debts +€7,229
new in 2024: €7,229
- Trade debts +€5,199
up €5,199 (+8.4%), from €62,078 to €67,277
- Staff costs -€22,102
down €22,102 (-30.0%), from €73,773 to €51,671
- Taxes -€15,279
no longer reported in 2024 (was €15,279)
- Purchases and services -€13,495
down €13,495 (-1.7%), from €808,144 to €794,649
- Turnover -€10,380
down €10,380 (-1.2%), from €879,153 to €868,774
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 | €85,862 | €112,002 | +€26,140 | +30.4% |
| Current assets | 29/58 | €85,862 | €112,002 | +€26,140 | +30.4% |
| Stocks and contracts in progress | 3 | €60,522 | €90,771 | +€30,249 | +50.0% |
| Stocks | 30/36 | €60,522 | €90,771 | +€30,249 | +50.0% |
| Amounts receivable within one year | 40/41 | €23,576 | €21,231 | -€2,345 | -9.9% |
| Other amounts receivable | 41 | €23,576 | €21,231 | -€2,345 | -9.9% |
| Cash at bank and in hand | 54/58 | €1,764 | - | -€1,764 | |
| Total equity and liabilities | 10/49 | €85,862 | €112,002 | +€26,140 | +30.4% |
| Equity | 10/15 | €11,759 | €21,090 | +€9,331 | +79.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €3,699 | €13,030 | +€9,331 | +252% |
| Amounts payable | 17/49 | €74,103 | €90,912 | +€16,809 | +22.7% |
| Amounts payable within one year | 42/48 | €74,103 | €90,912 | +€16,809 | +22.7% |
| Financial debts | 43 | - | €16,407 | +€16,407 | |
| Other loans | 439 | - | €16,407 | +€16,407 | |
| Trade debts | 44 | €62,078 | €67,277 | +€5,199 | +8.4% |
| Suppliers | 440/4 | €62,078 | €67,277 | +€5,199 | +8.4% |
| Taxes, remuneration and social security | 45 | €12,025 | - | -€12,025 | |
| Remuneration and social security | 454/9 | €12,025 | - | -€12,025 | |
| Other amounts payable | 47/48 | - | €7,229 | +€7,229 | |
| Turnover | 70 | €879,153 | €868,774 | -€10,380 | -1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €808,144 | €794,649 | -€13,495 | -1.7% |
| Remuneration, social security and pensions | 62 | €73,773 | €51,671 | -€22,102 | -30.0% |
| Other operating charges | 640/8 | €7,966 | €14,290 | +€6,324 | +79.4% |
| Gross operating margin | 9900 | €74,551 | €77,236 | +€2,684 | +3.6% |
| Operating profit (loss) | 9901 | -€7,188 | €11,275 | +€18,462 | |
| Financial charges | 65/66B | €1,912 | €1,944 | +€32 | +1.7% |
| Recurring financial charges | 65 | €1,912 | €1,944 | +€32 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,099 | €9,331 | +€18,430 | |
| Income taxes | 67/77 | €15,279 | - | -€15,279 | |
| Profit (loss) for the period | 9904 | -€24,378 | €9,331 | +€33,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,378 | €9,331 | +€33,709 |
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 27 October 2026 via checked.be.