GSK-Beheer: what changed
What changed
GSK-Beheer
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
filed annual accounts (NBB)
Net result for the year
€104,180
2024 · -€376+€104,557
Equity
€514,184
2024 · €495,004+€19,180
Cash
€30,560
2024 · €42,338-€11,778
Balance sheet total
€1.5m
2024 · €1.4m+€62,645
Largest movements
Assets
- Receivables within one year +€356,320
up €356,320 (+92.2%), from €386,499 to €742,819
of which Other amounts receivable: +€356,603
- Current investments -€251,054
no longer reported in 2025 (was €251,054)
- Deferred charges and accrued income -€23,701
down €23,701 (-97.4%), from €24,343 to €643
Equity and liabilities
- Other debts +€85,000
new in 2025: €85,000
- Debts after one year -€41,934
down €41,934 (-5.1%), from €829,587 to €787,654
- Reserves +€19,180
up €19,180 (+4.0%), from €476,404 to €495,584
of which Distributable reserves: +€22,548
Income statement
- Gross operating margin +€99,734
up €99,734 (+179%), from €55,580 to €155,313
- Financial income +€14,603
up €14,603 (+61.2%), from €23,862 to €38,465
- Depreciation +€4,522
up €4,522 (+17.9%), from €25,230 to €29,753
- Taxes +€4,023
up €4,023 (+98.2%), from €4,097 to €8,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€376
Gross operating margin
+€99,734
Staff costs
-€508
Depreciation
-€4,522
Other operating charges
+€147
Financial income
+€14,603
Financial charges
-€874
Taxes
-€4,023
Result 2025
€104,180
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€114,166
Investment
+€228,444
Financing
-€126,055
Cash 2024
€42,338
From operations (derived)
-€114,166
Net result for the year
+€104,180
Depreciation
+€29,753
Receivables within one year
-€356,320
Deferred charges and accrued income
+€23,701
Provisions
-€1,735
Trade debts
+€1,925
Tax, wage and social debts
-€670
Other debts
+€85,000
Investment (derived)
+€228,444
Investment in fixed assets (net)
-€22,611
Current investments
+€251,054
Financing
-€126,055
Debts after one year
-€41,934
Current portion of long-term debt
+€879
Contributions, distributions and other
-€85,000
Cash 2025
€30,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,416,585 | €1,479,230 | +€62,645 | +4.4% |
| Fixed assets | 21/28 | €712,350 | €705,208 | -€7,142 | -1.0% |
| Tangible fixed assets | 22/27 | €712,350 | €705,208 | -€7,142 | -1.0% |
| Land and buildings | 22 | €712,350 | €705,208 | -€7,142 | -1.0% |
| Current assets | 29/58 | €704,235 | €774,022 | +€69,787 | +9.9% |
| Amounts receivable within one year | 40/41 | €386,499 | €742,819 | +€356,320 | +92.2% |
| Trade receivables | 40 | €1,716 | €1,433 | -€283 | -16.5% |
| Other amounts receivable | 41 | €384,783 | €741,386 | +€356,603 | +92.7% |
| Current investments | 50/53 | €251,054 | - | -€251,054 | |
| Cash at bank and in hand | 54/58 | €42,338 | €30,560 | -€11,778 | -27.8% |
| Deferred charges and accrued income | 490/1 | €24,343 | €643 | -€23,701 | -97.4% |
| Total equity and liabilities | 10/49 | €1,416,585 | €1,479,230 | +€62,645 | +4.4% |
| Equity | 10/15 | €495,004 | €514,184 | +€19,180 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,404 | €495,584 | +€19,180 | +4.0% |
| Tax-exempt reserves | 132 | €71,841 | €68,474 | -€3,368 | -4.7% |
| Distributable reserves | 133 | €404,563 | €427,110 | +€22,548 | +5.6% |
| Provisions and deferred taxes | 16 | €37,009 | €35,274 | -€1,735 | -4.7% |
| Deferred taxes | 168 | €37,009 | €35,274 | -€1,735 | -4.7% |
| Amounts payable | 17/49 | €884,572 | €929,771 | +€45,200 | +5.1% |
| Amounts payable after more than one year | 17 | €829,587 | €787,654 | -€41,934 | -5.1% |
| Financial debts | 170/4 | €829,587 | €787,654 | -€41,934 | -5.1% |
| Amounts payable within one year | 42/48 | €54,984 | €142,118 | +€87,133 | +158% |
| Current portion of amounts payable after more than one year | 42 | €41,055 | €41,934 | +€879 | +2.1% |
| Trade debts | 44 | €1,297 | €3,222 | +€1,925 | +148% |
| Suppliers | 440/4 | €1,297 | €3,222 | +€1,925 | +148% |
| Taxes, remuneration and social security | 45 | €12,632 | €11,963 | -€670 | -5.3% |
| Taxes | 450/3 | €7,834 | €6,954 | -€880 | -11.2% |
| Remuneration and social security | 454/9 | €4,799 | €5,009 | +€210 | +4.4% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Remuneration, social security and pensions | 62 | €25,887 | €26,395 | +€508 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,230 | €29,753 | +€4,522 | +17.9% |
| Other operating charges | 640/8 | €3,783 | €3,635 | -€147 | -3.9% |
| Gross operating margin | 9900 | €55,580 | €155,313 | +€99,734 | +179% |
| Operating profit (loss) | 9901 | €680 | €95,530 | +€94,851 | +13,953% |
| Financial income | 75/76B | €23,862 | €38,465 | +€14,603 | +61.2% |
| Recurring financial income | 75 | €23,862 | €38,465 | +€14,603 | +61.2% |
| Financial charges | 65/66B | €22,556 | €23,431 | +€874 | +3.9% |
| Recurring financial charges | 65 | €22,556 | €23,431 | +€874 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €1,986 | €110,565 | +€108,579 | +5,468% |
| Transfer from deferred taxes | 780 | €1,735 | €1,735 | = | 0.0% |
| Income taxes | 67/77 | €4,097 | €8,119 | +€4,023 | +98.2% |
| Profit (loss) for the period | 9904 | -€376 | €104,180 | +€104,557 | |
| Transfer from tax-exempt reserves | 789 | €3,368 | €3,368 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,991 | €107,548 | +€104,557 | +3,495% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.