GSMZOO: 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
GSMZOO
NACE 61.200, Telecommunications resale and intermediation services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€124,152
2023 · -€44,431-€79,721
Equity
-€578,308
2023 · -€454,156-€124,152
Cash
€19,385
2023 · €6,120+€13,265
Balance sheet total
€2.2m
2023 · €2.2m-€73,549
Largest movements
Assets
- Tangible fixed assets -€87,617
down €87,617 (-6.5%), from €1.3m to €1.3m
of which Land and buildings: -€82,435
Equity and liabilities
- Other debts +€258,849
up €258,849 (+33.3%), from €776,376 to €1.0m
- Profit (loss) carried forward -€124,152
down €124,152 (-10.9%), from -€1.1m to -€1.3m
- Trade debts -€113,711
down €113,711 (-13.2%), from €858,823 to €745,112
of which Suppliers: -€274,570
- Debts after one year -€75,395
down €75,395 (-18.7%), from €403,093 to €327,697
- Short-term financial debts -€25,000
down €25,000 (-38.2%), from €65,400 to €40,400
of which Credit institutions: -€25,000
Income statement
- Gross operating margin -€129,510
down €129,510 (-77.2%), from €167,834 to €38,324
- Depreciation -€45,658
down €45,658 (-25.2%), from €181,301 to €135,642
- Staff costs -€2,736
down €2,736 (-93.1%), from €2,940 to €204
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.
Result 2023
-€44,431
Gross operating margin
-€129,510
Staff costs
+€2,736
Depreciation
+€45,658
Other operating charges
+€618
Financial income
+€305
Financial charges
+€568
Taxes
-€97
Result 2024
-€124,152
raises the resultlowers the result
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.
From operations
+€156,771
Investment
-€44,411
Financing
-€99,095
Cash 2023
€6,120
From operations (derived)
+€156,771
Net result for the year
-€124,152
Depreciation
+€135,642
Receivables within one year
-€12,907
Deferred charges and accrued income
+€8,490
Trade debts
-€113,711
Tax, wage and social debts
+€4,559
Other debts
+€258,849
Investment (derived)
-€44,411
Investment in fixed assets (net)
-€44,411
Current investments
+€0
Financing
-€99,095
Debts after one year
-€75,395
Current portion of long-term debt
+€1,300
Short-term financial debts
-€25,000
Cash 2024
€19,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,237,974 | €2,164,425 | -€73,549 | -3.3% |
| Fixed assets | 21/28 | €1,484,468 | €1,393,238 | -€91,231 | -6.1% |
| Intangible fixed assets | 21 | €4,518 | €904 | -€3,614 | -80.0% |
| Tangible fixed assets | 22/27 | €1,342,451 | €1,254,834 | -€87,617 | -6.5% |
| Land and buildings | 22 | €1,170,746 | €1,088,311 | -€82,435 | -7.0% |
| Plant, machinery and equipment | 23 | €5,113 | €4,366 | -€747 | -14.6% |
| Furniture and vehicles | 24 | €39,446 | €28,739 | -€10,707 | -27.1% |
| Other tangible fixed assets | 26 | €127,145 | €133,419 | +€6,273 | +4.9% |
| Financial fixed assets | 28 | €137,500 | €137,500 | = | 0.0% |
| Current assets | 29/58 | €753,506 | €771,187 | +€17,682 | +2.3% |
| Amounts receivable within one year | 40/41 | €531,220 | €544,127 | +€12,907 | +2.4% |
| Trade receivables | 40 | €212,888 | €218,411 | +€5,523 | +2.6% |
| Other amounts receivable | 41 | €318,332 | €325,715 | +€7,383 | +2.3% |
| Current investments | 50/53 | €206,329 | €206,329 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,120 | €19,385 | +€13,265 | +217% |
| Deferred charges and accrued income | 490/1 | €9,837 | €1,347 | -€8,490 | -86.3% |
| Total equity and liabilities | 10/49 | €2,237,974 | €2,164,425 | -€73,549 | -3.3% |
| Equity | 10/15 | -€454,156 | -€578,308 | -€124,152 | -27.3% |
| Contributions | 10/11 | €173,000 | €173,000 | = | 0.0% |
| Capital | 10 | €173,000 | €173,000 | = | 0.0% |
| Issued capital | 100 | €173,000 | €173,000 | = | 0.0% |
| Reserves | 13 | €512,148 | €512,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,300 | €17,300 | = | 0.0% |
| Legal reserve | 130 | €17,300 | €17,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €494,848 | €494,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,139,305 | -€1,263,456 | -€124,152 | -10.9% |
| Provisions and deferred taxes | 16 | €29,350 | €29,350 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,350 | €29,350 | = | 0.0% |
| Environmental obligations | 163 | €29,350 | €29,350 | = | 0.0% |
| Amounts payable | 17/49 | €2,662,780 | €2,713,383 | +€50,603 | +1.9% |
| Amounts payable after more than one year | 17 | €403,093 | €327,697 | -€75,395 | -18.7% |
| Financial debts | 170/4 | €403,093 | €327,697 | -€75,395 | -18.7% |
| Amounts payable within one year | 42/48 | €2,259,687 | €2,385,685 | +€125,998 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €77,211 | €78,511 | +€1,300 | +1.7% |
| Financial debts | 43 | €65,400 | €40,400 | -€25,000 | -38.2% |
| Credit institutions | 430/8 | €60,400 | €35,400 | -€25,000 | -41.4% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €858,823 | €745,112 | -€113,711 | -13.2% |
| Suppliers | 440/4 | €858,823 | €584,253 | -€274,570 | -32.0% |
| Bills of exchange payable | 441 | - | €160,859 | +€160,859 | |
| Advances received on contracts in progress | 46 | €2,515 | €2,515 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €479,363 | €483,922 | +€4,559 | +1.0% |
| Taxes | 450/3 | €479,363 | €483,922 | +€4,559 | +1.0% |
| Other amounts payable | 47/48 | €776,376 | €1,035,225 | +€258,849 | +33.3% |
| Remuneration, social security and pensions | 62 | €2,940 | €204 | -€2,736 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,301 | €135,642 | -€45,658 | -25.2% |
| Other operating charges | 640/8 | €13,531 | €12,913 | -€618 | -4.6% |
| Gross operating margin | 9900 | €167,834 | €38,324 | -€129,510 | -77.2% |
| Operating profit (loss) | 9901 | -€29,937 | -€110,435 | -€80,498 | -269% |
| Financial income | 75/76B | €5 | €311 | +€305 | +5,818% |
| Recurring financial income | 75 | €5 | €311 | +€305 | +5,818% |
| Financial charges | 65/66B | €13,810 | €13,242 | -€568 | -4.1% |
| Recurring financial charges | 65 | €13,810 | €13,242 | -€568 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,742 | -€123,367 | -€79,624 | -182% |
| Income taxes | 67/77 | €689 | €785 | +€97 | +14.0% |
| Profit (loss) for the period | 9904 | -€44,431 | -€124,152 | -€79,721 | -179% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,431 | -€124,152 | -€79,721 | -179% |
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.