GS1: 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.
What changed
GS1
NACE 94.999, Other membership organisations
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€628,749
2023 · -€2.2m+€2.8m
Equity
€6.9m
2023 · €6.2m+€628,660
Cash
€14.9m
2023 · €13.6m+€1.4m
Balance sheet total
€35.7m
2023 · €33.5m+€2.2m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+10.1%), from €13.6m to €14.9m
mainly Debts within one year (+€3.9m) and Depreciation (+€643,701)
- Receivables within one year +€1.0m
up €1.0m (+26.2%), from €3.9m to €5.0m
of which Trade receivables: +€1.2m
Equity and liabilities
- Debts within one year +€3.9m
up €3.9m (+50.5%), from €7.7m to €11.7m
of which Current portion of long-term debt: +€2.0m
- Debts after one year -€3.0m
down €3.0m (-18.3%), from €16.4m to €13.4m
- Profit (loss) carried forward +€628,660
up €628,660 (+10.1%), from €6.2m to €6.9m
- Accrued charges and deferred income +€598,356
up €598,356 (+19.6%), from €3.1m to €3.7m
Income statement
- Write-downs -€765,363
down €765,363, from €534,274 to -€231,089
- Other operating income +€521,254
up €521,254 (+44.4%), from €1.2m to €1.7m
- Other operating charges +€448,204
up €448,204 (+261.5%), from €171,406 to €619,610
- Services and other goods -€281,937
down €281,937 (-0.8%), from €34.6m to €34.3m
- Staff costs +€248,165
up €248,165 (+3.7%), from €6.7m to €7.0m
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.
Result 2023
-€2.2m
Turnover
+€54,338
Other operating income
+€521,254
Services and other goods
+€281,937
Staff costs
-€248,165
Depreciation
+€14,221
Write-downs
+€765,363
Other operating charges
-€448,204
Other operating items
+€1.8m
Financial income
-€63,071
Financial charges
+€97,673
Result 2024
€628,749
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.
From operations
+€4.9m
Investment
-€507,528
Financing
-€3.0m
Cash 2023
€13.6m
From operations (derived)
+€4.9m
Net result for the year
+€628,749
Depreciation
+€643,701
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€75,985
Provisions
+€40,488
Debts within one year
+€3.9m
Accrued charges and deferred income
+€598,356
Investment (derived)
-€507,528
Investment in fixed assets (net)
-€507,528
Financing
-€3.0m
Debts after one year
-€3.0m
Contributions, distributions and other
-€89
Cash 2024
€14.9m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,491,137 | €35,674,789 | +€2.2m | +6.5% |
| Fixed assets | 21/28 | €1,735,307 | €1,599,134 | -€136,173 | -7.8% |
| Intangible fixed assets | 21 | €1,357,401 | €1,017,458 | -€339,943 | -25.0% |
| Tangible fixed assets | 22/27 | €189,286 | €362,780 | +€173,494 | +91.7% |
| Plant, machinery and equipment | 23 | €21,511 | €16,717 | -€4,794 | -22.3% |
| Furniture and vehicles | 24 | €167,775 | €94,841 | -€72,934 | -43.5% |
| Assets under construction and advance payments | 27 | - | €251,222 | +€251,222 | |
| Financial fixed assets | 28 | €188,620 | €218,896 | +€30,276 | +16.1% |
| Other financial fixed assets | 284/8 | €188,620 | €218,896 | +€30,276 | +16.1% |
| Amounts receivable and cash guarantees | 285/8 | €188,620 | €218,896 | +€30,276 | +16.1% |
| Current assets | 29/58 | €31,755,830 | €34,075,655 | +€2.3m | +7.3% |
| Amounts receivable within one year | 40/41 | €3,938,219 | €4,969,054 | +€1.0m | +26.2% |
| Trade receivables | 40 | €3,482,298 | €4,701,411 | +€1.2m | +35.0% |
| Other amounts receivable | 41 | €455,921 | €267,643 | -€188,278 | -41.3% |
| Current investments | 50/53 | €13,410,532 | €13,410,532 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,568,803 | €14,933,778 | +€1.4m | +10.1% |
| Deferred charges and accrued income | 490/1 | €838,276 | €762,291 | -€75,985 | -9.1% |
| Total equity and liabilities | 10/49 | €33,491,137 | €35,674,789 | +€2.2m | +6.5% |
| Equity | 10/15 | €6,240,819 | €6,869,479 | +€628,660 | +10.1% |
| Profit (loss) carried forward | 14 | €6,240,819 | €6,869,479 | +€628,660 | +10.1% |
| Provisions and deferred taxes | 16 | €78,086 | €118,574 | +€40,488 | +51.9% |
| Provisions for liabilities and charges | 160/5 | €78,086 | €118,574 | +€40,488 | +51.9% |
| Other liabilities and charges | 164/5 | €78,086 | €118,574 | +€40,488 | +51.9% |
| Amounts payable | 17/49 | €27,172,232 | €28,686,736 | +€1.5m | +5.6% |
| Amounts payable after more than one year | 17 | €16,369,317 | €13,369,317 | -€3.0m | -18.3% |
| Other amounts payable | 178/9 | €16,369,317 | €13,369,317 | -€3.0m | -18.3% |
| Amounts payable within one year | 42/48 | €7,749,013 | €11,665,161 | +€3.9m | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €1,000,000 | €3,000,000 | +€2.0m | +200.0% |
| Trade debts | 44 | €5,691,597 | €6,338,369 | +€646,772 | +11.4% |
| Suppliers | 440/4 | €5,691,597 | €6,338,369 | +€646,772 | +11.4% |
| Advances received on contracts in progress | 46 | - | €1,550 | +€1,550 | |
| Taxes, remuneration and social security | 45 | €1,042,456 | €931,335 | -€111,121 | -10.7% |
| Remuneration and social security | 454/9 | €1,042,456 | €931,335 | -€111,121 | -10.7% |
| Accrued charges and deferred income | 492/3 | €3,053,902 | €3,652,258 | +€598,356 | +19.6% |
| Operating income | 70/76A | €40,651,239 | €43,096,114 | +€2.4m | +6.0% |
| Turnover | 70 | €247,403 | €301,741 | +€54,338 | +22.0% |
| Other operating income | 74 | €1,174,767 | €1,696,021 | +€521,254 | +44.4% |
| Operating charges | 60/66A | €42,717,602 | €42,375,015 | -€342,587 | -0.8% |
| Services and other goods | 61 | €34,611,979 | €34,330,042 | -€281,937 | -0.8% |
| Remuneration, social security and pensions | 62 | €6,724,098 | €6,972,263 | +€248,165 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657,922 | €643,701 | -€14,221 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €534,274 | -€231,089 | -€765,363 | |
| Other operating charges | 640/8 | €171,406 | €619,610 | +€448,204 | +261.5% |
| Operating profit (loss) | 9901 | -€2,066,363 | €721,099 | +€2.8m | |
| Recurring financial income | 75 | €244,876 | €181,805 | -€63,071 | -25.8% |
| Income from financial fixed assets | 750 | €10,096 | €15,292 | +€5,196 | +51.5% |
| Other financial income | 752/9 | €234,780 | €166,513 | -€68,267 | -29.1% |
| Financial charges | 65/66B | €371,828 | €274,155 | -€97,673 | -26.3% |
| Recurring financial charges | 65 | €371,828 | €274,155 | -€97,673 | -26.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€207,111 | -€14,960 | +€192,151 | +92.8% |
| Other financial charges | 652/9 | €578,939 | €289,115 | -€289,824 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,193,315 | €628,749 | +€2.8m | |
| Profit (loss) for the period | 9904 | -€2,193,315 | €628,749 | +€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,193,315 | €628,749 | +€2.8m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.