GS SHIP SUPPLY & 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.
GS SHIP SUPPLY & SERVICES
Largest movements
- Receivables within one year -€102,598
down €102,598 (-24.4%), from €420,820 to €318,222
of which Trade receivables: -€91,811
- Cash -€90,534
down €90,534 (-71.2%), from €127,092 to €36,558
mainly Trade debts (-€181,859) and Deferred charges and accrued income (-€21,550)
- Deferred charges and accrued income +€21,550
new in 2024: €21,550
- Trade debts -€181,859
down €181,859 (-59.8%), from €304,116 to €122,257
- Gross operating margin +€17,760
up €17,760 (+20.6%), from €86,110 to €103,870
- Other operating charges +€14,769
up €14,769 (+73.5%), from €20,082 to €34,851
- Taxes +€6,945
up €6,945 (+98.5%), from €7,055 to €14,000
- Depreciation +€2,183
up €2,183 (+55.1%), from €3,962 to €6,145
- Financial charges -€2,029
down €2,029 (-76.8%), from €2,642 to €613
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 | €575,950 | €399,063 | -€176,887 | -30.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €28,038 | €22,734 | -€5,305 | -18.9% |
| Tangible fixed assets | 22/27 | €28,038 | €22,734 | -€5,305 | -18.9% |
| Plant, machinery and equipment | 23 | €18,330 | €16,022 | -€2,308 | -12.6% |
| Furniture and vehicles | 24 | €9,709 | €6,712 | -€2,997 | -30.9% |
| Current assets | 29/58 | €547,912 | €376,330 | -€171,582 | -31.3% |
| Amounts receivable within one year | 40/41 | €420,820 | €318,222 | -€102,598 | -24.4% |
| Trade receivables | 40 | €388,068 | €296,258 | -€91,811 | -23.7% |
| Other amounts receivable | 41 | €32,751 | €21,964 | -€10,787 | -32.9% |
| Cash at bank and in hand | 54/58 | €127,092 | €36,558 | -€90,534 | -71.2% |
| Deferred charges and accrued income | 490/1 | - | €21,550 | +€21,550 | |
| Total equity and liabilities | 10/49 | €575,950 | €399,063 | -€176,887 | -30.7% |
| Equity | 10/15 | €263,083 | €264,141 | +€1,058 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €163,083 | €163,083 | = | 0.0% |
| Distributable reserves | 133 | €163,083 | €163,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,058 | +€1,058 | |
| Amounts payable | 17/49 | €312,867 | €134,922 | -€177,945 | -56.9% |
| Amounts payable within one year | 42/48 | €312,867 | €134,922 | -€177,945 | -56.9% |
| Trade debts | 44 | €304,116 | €122,257 | -€181,859 | -59.8% |
| Suppliers | 440/4 | €304,116 | €122,257 | -€181,859 | -59.8% |
| Taxes, remuneration and social security | 45 | €8,751 | €12,666 | +€3,915 | +44.7% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €8,751 | €12,666 | +€3,915 | +44.7% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €48,780 | €49,205 | +€425 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,962 | €6,145 | +€2,183 | +55.1% |
| Other operating charges | 640/8 | €20,082 | €34,851 | +€14,769 | +73.5% |
| Gross operating margin | 9900 | €86,110 | €103,870 | +€17,760 | +20.6% |
| Operating profit (loss) | 9901 | €13,286 | €13,668 | +€382 | +2.9% |
| Financial income | 75/76B | €1,186 | €2,002 | +€816 | +68.8% |
| Recurring financial income | 75 | €1,186 | €2,002 | +€816 | +68.8% |
| Financial charges | 65/66B | €2,642 | €613 | -€2,029 | -76.8% |
| Recurring financial charges | 65 | €2,642 | €613 | -€2,029 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €11,830 | €15,058 | +€3,227 | +27.3% |
| Income taxes | 67/77 | €7,055 | €14,000 | +€6,945 | +98.5% |
| Profit (loss) for the period | 9904 | €4,776 | €1,058 | -€3,718 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,776 | €1,058 | -€3,718 | -77.8% |
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 29 October 2026 via checked.be.