GSE TRANSLOGISTICS: 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.
GSE TRANSLOGISTICS
Largest movements
- Cash -€1,269
down €1,269 (-59.7%), from €2,127 to €858
mainly Net result for the year (-€2,755)
- Receivables within one year -€274
down €274 (-33.1%), from €827 to €553
of which Other amounts receivable: -€274
- Profit (loss) carried forward -€2,755
down €2,755 (-9.9%), from -€27,690 to -€30,445
- Other debts +€1,194
up €1,194 (+5.1%), from €23,500 to €24,694
- Gross operating margin +€628
up €628 (+21.7%), from -€2,891 to -€2,263
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 | €3,160 | €1,609 | -€1,551 | -49.1% |
| Fixed assets | 21/28 | €206 | €198 | -€8 | -3.9% |
| Tangible fixed assets | 22/27 | €206 | €198 | -€8 | -3.9% |
| Plant, machinery and equipment | 23 | €206 | €198 | -€8 | -3.9% |
| Current assets | 29/58 | €2,954 | €1,411 | -€1,543 | -52.2% |
| Amounts receivable within one year | 40/41 | €827 | €553 | -€274 | -33.1% |
| Trade receivables | 40 | €308 | €308 | = | 0.0% |
| Other amounts receivable | 41 | €519 | €245 | -€274 | -52.8% |
| Cash at bank and in hand | 54/58 | €2,127 | €858 | -€1,269 | -59.7% |
| Total equity and liabilities | 10/49 | €3,160 | €1,609 | -€1,551 | -49.1% |
| Equity | 10/15 | -€20,690 | -€23,445 | -€2,755 | -13.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,690 | -€30,445 | -€2,755 | -9.9% |
| Amounts payable | 17/49 | €23,850 | €25,054 | +€1,204 | +5.0% |
| Amounts payable within one year | 42/48 | €23,850 | €25,054 | +€1,204 | +5.0% |
| Trade debts | 44 | €350 | €360 | +€10 | +2.9% |
| Suppliers | 440/4 | €350 | €360 | +€10 | +2.9% |
| Other amounts payable | 47/48 | €23,500 | €24,694 | +€1,194 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €8 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €388 | +€4 | +1.0% |
| Gross operating margin | 9900 | -€2,891 | -€2,263 | +€628 | +21.7% |
| Operating profit (loss) | 9901 | -€3,283 | -€2,659 | +€624 | +19.0% |
| Financial charges | 65/66B | €104 | €96 | -€8 | -7.7% |
| Recurring financial charges | 65 | €104 | €96 | -€8 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,387 | -€2,755 | +€632 | +18.7% |
| Profit (loss) for the period | 9904 | -€3,387 | -€2,755 | +€632 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,387 | -€2,755 | +€632 | +18.7% |
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 24 October 2026 via checked.be.