GSCT HOLDING: 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.
GSCT HOLDING
Largest movements
- Financial fixed assets +€3.7m
up €3.7m (+12,978%), from €28,800 to €3.8m
- Receivables within one year +€106,613
up €106,613 (+420%), from €25,399 to €132,012
of which Other amounts receivable: +€74,700
- Cash +€96,494
up €96,494 (+1,773%), from €5,443 to €101,936
mainly Contributions, distributions and other (+€3.7m) and Other debts (+€204,154)
- Contributions +€3.7m
up €3.7m (+37,126%), from €10,000 to €3.7m
- Other debts +€204,154
up €204,154 (+709%), from €28,800 to €232,954
- Gross operating margin -€5,655
down €5,655 (-22.7%), from €24,936 to €19,282
- Taxes -€1,117
down €1,117 (-18.4%), from €6,056 to €4,939
- Other operating charges +€362
up €362 (+93.6%), from €387 to €750
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,642 | €4,000,298 | +€3.9m | +6,607% |
| Fixed assets | 21/28 | €28,800 | €3,766,350 | +€3.7m | +12,978% |
| Financial fixed assets | 28 | €28,800 | €3,766,350 | +€3.7m | +12,978% |
| Current assets | 29/58 | €30,842 | €233,948 | +€203,107 | +659% |
| Amounts receivable within one year | 40/41 | €25,399 | €132,012 | +€106,613 | +420% |
| Trade receivables | 40 | €25,000 | €56,913 | +€31,913 | +128% |
| Other amounts receivable | 41 | €399 | €75,099 | +€74,700 | +18,722% |
| Cash at bank and in hand | 54/58 | €5,443 | €101,936 | +€96,494 | +1,773% |
| Total equity and liabilities | 10/49 | €59,642 | €4,000,298 | +€3.9m | +6,607% |
| Equity | 10/15 | €24,786 | €3,750,603 | +€3.7m | +15,032% |
| Contributions | 10/11 | €10,000 | €3,722,550 | +€3.7m | +37,126% |
| Profit (loss) carried forward | 14 | €14,786 | €28,053 | +€13,268 | +89.7% |
| Amounts payable | 17/49 | €34,856 | €249,695 | +€214,839 | +616% |
| Amounts payable within one year | 42/48 | €34,856 | €249,695 | +€214,839 | +616% |
| Trade debts | 44 | - | €5,747 | +€5,747 | |
| Suppliers | 440/4 | - | €5,747 | +€5,747 | |
| Taxes, remuneration and social security | 45 | €6,056 | €10,995 | +€4,939 | +81.6% |
| Taxes | 450/3 | €6,056 | €10,995 | +€4,939 | +81.6% |
| Other amounts payable | 47/48 | €28,800 | €232,954 | +€204,154 | +709% |
| Other operating charges | 640/8 | €387 | €750 | +€362 | +93.6% |
| Gross operating margin | 9900 | €24,936 | €19,282 | -€5,655 | -22.7% |
| Operating profit (loss) | 9901 | €24,549 | €18,532 | -€6,017 | -24.5% |
| Financial charges | 65/66B | €325 | €325 | = | 0.0% |
| Recurring financial charges | 65 | €325 | €325 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €24,224 | €18,207 | -€6,017 | -24.8% |
| Income taxes | 67/77 | €6,056 | €4,939 | -€1,117 | -18.4% |
| Profit (loss) for the period | 9904 | €18,168 | €13,268 | -€4,900 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,168 | €13,268 | -€4,900 | -27.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.