GSL services: what changed
Two fiscal 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 services
Largest movements
- Receivables within one year -€10,022
down €10,022 (-21.9%), from €45,665 to €35,643
of which Trade receivables: -€20,253
- Cash +€4,286
up €4,286 (+152.6%), from €2,809 to €7,095
mainly Receivables within one year (+€10,022) and Net result for the year (+€6,007)
- Tangible fixed assets +€3,855
new in 2023: €3,855
- Deferred charges and accrued income +€598
new in 2023: €598
- Accrued charges and deferred income -€5,176
down €5,176 (-87.3%), from €5,930 to €754
- Profit (loss) carried forward +€1,997
up €1,997 (+14.3%), from €13,944 to €15,941
- Trade debts +€1,284
new in 2023: €1,284
- Tax, wage and social debts +€703
up €703 (+7.0%), from €10,000 to €10,703
- Gross operating margin -€22,735
down €22,735 (-50.7%), from €44,870 to €22,135
- Other operating charges +€7,316
up €7,316 (+357.6%), from €2,046 to €9,362
- Taxes -€6,797
down €6,797 (-68.0%), from €10,000 to €3,203
- Depreciation +€2,382
new in 2023: €2,382
- Financial charges +€533
up €533 (+190.4%), from €280 to €813
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,474 | €47,282 | -€1,192 | -2.5% |
| Fixed assets | 21/28 | - | €3,946 | +€3,946 | |
| Tangible fixed assets | 22/27 | - | €3,855 | +€3,855 | |
| Furniture and vehicles | 24 | - | €3,855 | +€3,855 | |
| Financial fixed assets | 28 | - | €91 | +€91 | |
| Current assets | 29/58 | €48,474 | €43,336 | -€5,138 | -10.6% |
| Amounts receivable within one year | 40/41 | €45,665 | €35,643 | -€10,022 | -21.9% |
| Trade receivables | 40 | €28,015 | €7,762 | -€20,253 | -72.3% |
| Other amounts receivable | 41 | €17,650 | €27,881 | +€10,231 | +58.0% |
| Cash at bank and in hand | 54/58 | €2,809 | €7,095 | +€4,286 | +152.6% |
| Deferred charges and accrued income | 490/1 | - | €598 | +€598 | |
| Total equity and liabilities | 10/49 | €48,474 | €47,282 | -€1,192 | -2.5% |
| Equity | 10/15 | €32,544 | €34,541 | +€1,997 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | €13,944 | €15,941 | +€1,997 | +14.3% |
| Amounts payable | 17/49 | €15,930 | €12,741 | -€3,189 | -20.0% |
| Amounts payable within one year | 42/48 | €10,000 | €11,987 | +€1,987 | +19.9% |
| Trade debts | 44 | - | €1,284 | +€1,284 | |
| Suppliers | 440/4 | - | €1,284 | +€1,284 | |
| Taxes, remuneration and social security | 45 | €10,000 | €10,703 | +€703 | +7.0% |
| Taxes | 450/3 | €10,000 | €10,703 | +€703 | +7.0% |
| Accrued charges and deferred income | 492/3 | €5,930 | €754 | -€5,176 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,382 | +€2,382 | |
| Other operating charges | 640/8 | €2,046 | €9,362 | +€7,316 | +357.6% |
| Non-recurring operating charges | 66A | - | €368 | +€368 | |
| Gross operating margin | 9900 | €44,870 | €22,135 | -€22,735 | -50.7% |
| Operating profit (loss) | 9901 | €42,824 | €10,023 | -€32,801 | -76.6% |
| Financial charges | 65/66B | €280 | €813 | +€533 | +190.4% |
| Recurring financial charges | 65 | €280 | €813 | +€533 | +190.4% |
| Profit (loss) for the period before taxes | 9903 | €42,544 | €9,210 | -€33,334 | -78.4% |
| Income taxes | 67/77 | €10,000 | €3,203 | -€6,797 | -68.0% |
| Profit (loss) for the period | 9904 | €32,544 | €6,007 | -€26,537 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,544 | €6,007 | -€26,537 | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.