GSL PROXICAR: 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.
What changed
GSL PROXICAR
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,997
2024 · -€25,357+€29,353
Equity
€1.3m
2024 · €1.3m+€3,997
Cash
€107,355
2024 · €105,311+€2,043
Balance sheet total
€3.1m
2024 · €3.0m+€118,755
Largest movements
Assets
- Stocks and contracts +€365,870
up €365,870 (+44.4%), from €824,735 to €1.2m
- Intangible fixed assets -€145,000
down €145,000 (-15.8%), from €918,333 to €773,333
- Receivables within one year -€72,409
down €72,409 (-7.8%), from €925,669 to €853,260
of which Other amounts receivable: -€110,424
- Tangible fixed assets -€37,605
down €37,605 (-20.1%), from €187,047 to €149,442
of which Plant, machinery and equipment: -€47,685
Equity and liabilities
- Trade debts +€275,476
up €275,476 (+33.0%), from €834,611 to €1.1m
- Current portion of long-term debt -€133,334
down €133,334 (-66.7%), from €200,000 to €66,666
- Debts after one year -€66,667
no longer reported in 2025 (was €66,667)
- Advances received +€59,238
up €59,238 (+130%), from €45,634 to €104,872
- Profit (loss) carried forward +€58,302
up €58,302 (+6.4%), from €905,486 to €963,788
Income statement
- Turnover -€238,224
down €238,224 (-1.5%), from €16.1m to €15.8m
- Goods and materials -€187,104
down €187,104 (-1.4%), from €13.3m to €13.1m
of which Change in stocks: decrease (increase): -€993,802
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.
Result 2024
-€25,357
Turnover
-€238,224
Other operating income
+€31,943
Goods and materials
+€187,104
Services and other goods
+€14,665
Staff costs
-€14,527
Depreciation
+€6,701
Write-downs
+€13,059
Provisions
+€17,889
Other operating charges
+€1,388
Financial income
-€382
Financial charges
+€7,944
Taxes
+€1,794
Result 2025
€3,997
raises the resultlowers the result
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.
From operations
+€240,053
Investment
-€38,009
Financing
-€200,000
Cash 2024
€105,311
From operations (derived)
+€240,053
Net result for the year
+€3,997
Depreciation
+€220,614
Stocks and contracts
-€365,870
Receivables within one year
+€72,409
Deferred charges and accrued income
-€5,855
Provisions
-€18,102
Trade debts
+€275,476
Tax, wage and social debts
+€9,742
Advances received
+€59,238
Accrued charges and deferred income
-€11,596
Investment (derived)
-€38,009
Investment in fixed assets (net)
-€38,009
Financing
-€200,000
Debts after one year
-€66,667
Current portion of long-term debt
-€133,334
Cash 2025
€107,355
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,961,344 | €3,080,100 | +€118,755 | +4.0% |
| Fixed assets | 21/28 | €1,105,630 | €923,025 | -€182,605 | -16.5% |
| Intangible fixed assets | 21 | €918,333 | €773,333 | -€145,000 | -15.8% |
| Tangible fixed assets | 22/27 | €187,047 | €149,442 | -€37,605 | -20.1% |
| Land and buildings | 22 | €61,011 | €57,704 | -€3,307 | -5.4% |
| Plant, machinery and equipment | 23 | €95,503 | €47,818 | -€47,685 | -49.9% |
| Furniture and vehicles | 24 | €30,533 | €9,300 | -€21,233 | -69.5% |
| Other tangible fixed assets | 26 | - | €13,555 | +€13,555 | |
| Assets under construction and advance payments | 27 | - | €21,066 | +€21,066 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,855,715 | €2,157,074 | +€301,360 | +16.2% |
| Stocks and contracts in progress | 3 | €824,735 | €1,190,605 | +€365,870 | +44.4% |
| Stocks | 30/36 | €824,735 | €1,190,605 | +€365,870 | +44.4% |
| Goods purchased for resale | 34 | €824,735 | €1,190,605 | +€365,870 | +44.4% |
| Amounts receivable within one year | 40/41 | €925,669 | €853,260 | -€72,409 | -7.8% |
| Trade receivables | 40 | €392,938 | €430,953 | +€38,015 | +9.7% |
| Other amounts receivable | 41 | €532,731 | €422,307 | -€110,424 | -20.7% |
| Cash at bank and in hand | 54/58 | €105,311 | €107,355 | +€2,043 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €5,855 | +€5,855 | |
| Total equity and liabilities | 10/49 | €2,961,344 | €3,080,100 | +€118,755 | +4.0% |
| Equity | 10/15 | €1,317,616 | €1,321,613 | +€3,997 | +0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €350,130 | €295,825 | -€54,305 | -15.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €343,930 | €289,625 | -€54,305 | -15.8% |
| Profit (loss) carried forward | 14 | €905,486 | €963,788 | +€58,302 | +6.4% |
| Provisions and deferred taxes | 16 | €207,533 | €189,431 | -€18,102 | -8.7% |
| Provisions for liabilities and charges | 160/5 | €92,889 | €92,889 | = | 0.0% |
| Other liabilities and charges | 164/5 | €92,889 | €92,889 | = | 0.0% |
| Deferred taxes | 168 | €114,643 | €96,542 | -€18,102 | -15.8% |
| Amounts payable | 17/49 | €1,436,196 | €1,569,056 | +€132,860 | +9.3% |
| Amounts payable after more than one year | 17 | €66,667 | - | -€66,667 | |
| Financial debts | 170/4 | €66,667 | - | -€66,667 | |
| Credit institutions | 173 | €66,667 | - | -€66,667 | |
| Amounts payable within one year | 42/48 | €1,355,519 | €1,566,641 | +€211,123 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €66,666 | -€133,334 | -66.7% |
| Trade debts | 44 | €834,611 | €1,110,087 | +€275,476 | +33.0% |
| Suppliers | 440/4 | €834,611 | €1,110,087 | +€275,476 | +33.0% |
| Advances received on contracts in progress | 46 | €45,634 | €104,872 | +€59,238 | +130% |
| Taxes, remuneration and social security | 45 | €275,273 | €285,016 | +€9,742 | +3.5% |
| Taxes | 450/3 | €62,919 | €66,259 | +€3,340 | +5.3% |
| Remuneration and social security | 454/9 | €212,354 | €218,757 | +€6,402 | +3.0% |
| Accrued charges and deferred income | 492/3 | €14,011 | €2,414 | -€11,596 | -82.8% |
| Operating income | 70/76A | €16,286,408 | €16,080,127 | -€206,281 | -1.3% |
| Turnover | 70 | €16,083,522 | €15,845,298 | -€238,224 | -1.5% |
| Other operating income | 74 | €202,886 | €234,828 | +€31,943 | +15.7% |
| Operating charges | 60/66A | €16,281,075 | €16,054,796 | -€226,279 | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €13,316,951 | €13,129,848 | -€187,104 | -1.4% |
| Purchases | 600/8 | €12,776,125 | €13,582,823 | +€806,698 | +6.3% |
| Change in stocks: decrease (increase) | 609 | €540,826 | -€452,975 | -€993,802 | |
| Services and other goods | 61 | €861,449 | €846,784 | -€14,665 | -1.7% |
| Remuneration, social security and pensions | 62 | €1,695,498 | €1,710,024 | +€14,527 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,315 | €220,614 | -€6,701 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90,495 | €77,436 | -€13,059 | -14.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,889 | - | -€17,889 | |
| Other operating charges | 640/8 | €71,478 | €70,090 | -€1,388 | -1.9% |
| Operating profit (loss) | 9901 | €5,334 | €25,331 | +€19,998 | +375% |
| Financial income | 75/76B | €4,159 | €3,777 | -€382 | -9.2% |
| Recurring financial income | 75 | €4,159 | €3,777 | -€382 | -9.2% |
| Other financial income | 752/9 | €4,159 | €3,777 | -€382 | -9.2% |
| Financial charges | 65/66B | €12,946 | €5,002 | -€7,944 | -61.4% |
| Recurring financial charges | 65 | €12,946 | €5,002 | -€7,944 | -61.4% |
| Debt charges | 650 | €10,579 | €2,542 | -€8,038 | -76.0% |
| Other financial charges | 652/9 | €2,366 | €2,460 | +€94 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,453 | €24,107 | +€27,560 | |
| Transfer from deferred taxes | 780 | €18,102 | €18,102 | = | 0.0% |
| Income taxes | 67/77 | €40,006 | €38,212 | -€1,794 | -4.5% |
| Taxes | 670/3 | €40,006 | €38,212 | -€1,794 | -4.5% |
| Profit (loss) for the period | 9904 | -€25,357 | €3,997 | +€29,353 | |
| Transfer from tax-exempt reserves | 789 | €54,305 | €54,305 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,948 | €58,302 | +€29,353 | +101% |
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 31 October 2026 via checked.be.