GSL-RENT: 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.
GSL-RENT
Largest movements
- Receivables within one year -€599,820
down €599,820 (-71.1%), from €843,197 to €243,377
of which Other amounts receivable: -€462,508
- Tangible fixed assets +€398,764
up €398,764 (+184%), from €216,934 to €615,698
- Stocks and contracts -€319,897
down €319,897 (-85.4%), from €374,797 to €54,900
- Trade debts -€285,244
down €285,244 (-96.2%), from €296,611 to €11,367
- Other debts -€136,411
down €136,411 (-100%), from €136,411 to €0
- Short-term financial debts -€125,000
down €125,000 (-100%), from €125,000 to €0
- Profit (loss) carried forward +€20,471
up €20,471 (+2.3%), from €876,053 to €896,524
- Purchases and services +€64,997
up €64,997 (+43.7%), from €148,870 to €213,867
- Financial income +€47,726
up €47,726 (+2,386,300%), from €2 to €47,728
of which Non-recurring financial income: +€47,728
- Gross operating margin -€43,621
down €43,621 (-35.8%), from €121,773 to €78,152
- Write-downs -€30,405
down €30,405, from €18,253 to -€12,152
- Turnover +€21,376
up €21,376 (+7.9%), from €270,643 to €292,019
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 | €1,458,309 | €933,575 | -€524,734 | -36.0% |
| Fixed assets | 21/28 | €236,534 | €635,298 | +€398,764 | +169% |
| Tangible fixed assets | 22/27 | €216,934 | €615,698 | +€398,764 | +184% |
| Furniture and vehicles | 24 | €216,934 | €615,698 | +€398,764 | +184% |
| Financial fixed assets | 28 | €19,600 | €19,600 | = | 0.0% |
| Current assets | 29/58 | €1,221,775 | €298,277 | -€923,498 | -75.6% |
| Stocks and contracts in progress | 3 | €374,797 | €54,900 | -€319,897 | -85.4% |
| Stocks | 30/36 | €374,797 | €54,900 | -€319,897 | -85.4% |
| Amounts receivable within one year | 40/41 | €843,197 | €243,377 | -€599,820 | -71.1% |
| Trade receivables | 40 | €155,826 | €18,514 | -€137,312 | -88.1% |
| Other amounts receivable | 41 | €687,371 | €224,863 | -€462,508 | -67.3% |
| Cash at bank and in hand | 54/58 | €3,781 | €0 | -€3,781 | -100% |
| Total equity and liabilities | 10/49 | €1,458,309 | €933,575 | -€524,734 | -36.0% |
| Equity | 10/15 | €896,513 | €916,984 | +€20,471 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €876,053 | €896,524 | +€20,471 | +2.3% |
| Amounts payable | 17/49 | €561,796 | €16,591 | -€545,205 | -97.0% |
| Amounts payable within one year | 42/48 | €558,022 | €11,367 | -€546,655 | -98.0% |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100% |
| Trade debts | 44 | €296,611 | €11,367 | -€285,244 | -96.2% |
| Suppliers | 440/4 | €296,611 | €11,367 | -€285,244 | -96.2% |
| Other amounts payable | 47/48 | €136,411 | €0 | -€136,411 | -100% |
| Accrued charges and deferred income | 492/3 | €3,774 | €5,224 | +€1,450 | +38.4% |
| Turnover | 70 | €270,643 | €292,019 | +€21,376 | +7.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €148,870 | €213,867 | +€64,997 | +43.7% |
| Remuneration, social security and pensions | 62 | €440 | -€795 | -€1,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,148 | €100,221 | +€12,073 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,253 | -€12,152 | -€30,405 | |
| Other operating charges | 640/8 | €9,441 | €6,491 | -€2,950 | -31.2% |
| Gross operating margin | 9900 | €121,773 | €78,152 | -€43,621 | -35.8% |
| Operating profit (loss) | 9901 | €5,491 | -€15,613 | -€21,104 | |
| Financial income | 75/76B | €2 | €47,728 | +€47,726 | +2,386,300% |
| Recurring financial income | 75 | €2 | €47,728 | +€47,726 | +2,386,300% |
| Non-recurring financial income | 76B | - | €47,728 | +€47,728 | |
| Financial charges | 65/66B | €9,168 | €1,874 | -€7,294 | -79.6% |
| Recurring financial charges | 65 | €9,168 | €1,874 | -€7,294 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,675 | €30,241 | +€33,916 | |
| Income taxes | 67/77 | €1,120 | €9,770 | +€8,650 | +772% |
| Profit (loss) for the period | 9904 | -€4,795 | €20,471 | +€25,266 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,795 | €20,471 | +€25,266 |
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 19 October 2026 via checked.be.