GSP HOLDING: 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.
GSP HOLDING
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-31.2%), from €3.3m to €2.2m
- Current investments +€800,000
new in 2024: €800,000
- Receivables within one year +€331,664
up €331,664 (+66.7%), from €497,220 to €828,885
of which Other amounts receivable: +€348,979
- Cash -€157,060
down €157,060 (-51.0%), from €307,875 to €150,815
mainly Current investments (-€800,000) and Other debts (-€446,634)
- Other debts -€446,634
down €446,634 (-45.5%), from €981,111 to €534,477
- Trade debts +€221,054
up €221,054 (+1,140%), from €19,396 to €240,450
- Profit (loss) carried forward +€183,046
up €183,046 (+9.6%), from €1.9m to €2.1m
- Financial charges +€2.8m
up €2.8m (+22,367%), from €12,344 to €2.8m
of which Non-recurring financial charges: +€2.8m
- Financial income +€1.6m
up €1.6m (+97.1%), from €1.7m to €3.3m
of which Non-recurring financial income: +€1.6m
- Gross operating margin -€558,171
down €558,171, from €256,559 to -€301,612
- Taxes -€62,901
down €62,901 (-100%), from €62,901 to €0
- Other operating charges -€18,090
down €18,090 (-94.9%), from €19,060 to €970
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,068,898 | €4,025,591 | -€43,308 | -1.1% |
| Fixed assets | 21/28 | €3,263,803 | €2,245,891 | -€1.0m | -31.2% |
| Financial fixed assets | 28 | €3,263,803 | €2,245,891 | -€1.0m | -31.2% |
| Current assets | 29/58 | €805,096 | €1,779,700 | +€974,604 | +121% |
| Amounts receivable within one year | 40/41 | €497,220 | €828,885 | +€331,664 | +66.7% |
| Trade receivables | 40 | €17,315 | €0 | -€17,315 | -100% |
| Other amounts receivable | 41 | €479,905 | €828,885 | +€348,979 | +72.7% |
| Current investments | 50/53 | - | €800,000 | +€800,000 | |
| Cash at bank and in hand | 54/58 | €307,875 | €150,815 | -€157,060 | -51.0% |
| Total equity and liabilities | 10/49 | €4,068,898 | €4,025,591 | -€43,308 | -1.1% |
| Equity | 10/15 | €3,004,717 | €3,187,763 | +€183,046 | +6.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,904,717 | €2,087,763 | +€183,046 | +9.6% |
| Amounts payable | 17/49 | €1,064,181 | €837,828 | -€226,354 | -21.3% |
| Amounts payable within one year | 42/48 | €1,064,181 | €837,828 | -€226,354 | -21.3% |
| Trade debts | 44 | €19,396 | €240,450 | +€221,054 | +1,140% |
| Suppliers | 440/4 | €19,396 | €240,450 | +€221,054 | +1,140% |
| Taxes, remuneration and social security | 45 | €63,675 | €62,901 | -€774 | -1.2% |
| Taxes | 450/3 | €63,675 | €62,901 | -€774 | -1.2% |
| Other amounts payable | 47/48 | €981,111 | €534,477 | -€446,634 | -45.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €19,060 | €970 | -€18,090 | -94.9% |
| Gross operating margin | 9900 | €256,559 | -€301,612 | -€558,171 | |
| Operating profit (loss) | 9901 | €237,499 | -€302,582 | -€540,081 | |
| Financial income | 75/76B | €1,653,211 | €3,258,798 | +€1.6m | +97.1% |
| Recurring financial income | 75 | €8,532 | €19,495 | +€10,963 | +128% |
| Non-recurring financial income | 76B | €1,644,679 | €3,239,303 | +€1.6m | +97.0% |
| Financial charges | 65/66B | €12,344 | €2,773,170 | +€2.8m | +22,367% |
| Recurring financial charges | 65 | €12,344 | €15,735 | +€3,392 | +27.5% |
| Non-recurring financial charges | 66B | €0 | €2,757,435 | +€2.8m | |
| Profit (loss) for the period before taxes | 9903 | €1,878,366 | €183,046 | -€1.7m | -90.3% |
| Income taxes | 67/77 | €62,901 | €0 | -€62,901 | -100% |
| Profit (loss) for the period | 9904 | €1,815,465 | €183,046 | -€1.6m | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,815,465 | €183,046 | -€1.6m | -89.9% |
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.