GTS: 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.
GTS
Largest movements
- Receivables within one year +€156,598
up €156,598 (+34.9%), from €449,322 to €605,920
of which Trade receivables: +€152,872
- Tangible fixed assets -€13,324
down €13,324 (-35.2%), from €37,815 to €24,491
of which Furniture and vehicles: -€8,552
- Deferred charges and accrued income +€11,804
new in 2024: €11,804
- Trade debts +€160,657
up €160,657 (+104.4%), from €153,929 to €314,586
- Tax, wage and social debts -€24,393
down €24,393 (-9.6%), from €254,964 to €230,571
of which Taxes: -€25,588
- Accrued charges and deferred income +€12,308
up €12,308 (+127.9%), from €9,624 to €21,932
- Profit (loss) carried forward +€8,529
up €8,529 (+6.5%), from €132,171 to €140,700
- Staff costs +€138,052
up €138,052 (+9.9%), from €1.4m to €1.5m
- Gross operating margin +€75,431
up €75,431 (+5.1%), from €1.5m to €1.6m
- Taxes -€20,187
down €20,187 (-61.9%), from €32,630 to €12,443
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.
Cash bridge derived
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 | €618,339 | €775,439 | +€157,100 | +25.4% |
| Fixed assets | 21/28 | €37,815 | €24,491 | -€13,324 | -35.2% |
| Tangible fixed assets | 22/27 | €37,815 | €24,491 | -€13,324 | -35.2% |
| Plant, machinery and equipment | 23 | €25,110 | €20,337 | -€4,773 | -19.0% |
| Furniture and vehicles | 24 | €12,706 | €4,154 | -€8,552 | -67.3% |
| Current assets | 29/58 | €580,523 | €750,948 | +€170,425 | +29.4% |
| Amounts receivable within one year | 40/41 | €449,322 | €605,920 | +€156,598 | +34.9% |
| Trade receivables | 40 | €427,844 | €580,716 | +€152,872 | +35.7% |
| Other amounts receivable | 41 | €21,478 | €25,204 | +€3,726 | +17.3% |
| Cash at bank and in hand | 54/58 | €131,202 | €133,224 | +€2,022 | +1.5% |
| Deferred charges and accrued income | 490/1 | - | €11,804 | +€11,804 | |
| Total equity and liabilities | 10/49 | €618,339 | €775,439 | +€157,100 | +25.4% |
| Equity | 10/15 | €199,821 | €208,350 | +€8,529 | +4.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,171 | €140,700 | +€8,529 | +6.5% |
| Amounts payable | 17/49 | €418,518 | €567,089 | +€148,572 | +35.5% |
| Amounts payable within one year | 42/48 | €408,893 | €545,157 | +€136,264 | +33.3% |
| Trade debts | 44 | €153,929 | €314,586 | +€160,657 | +104.4% |
| Suppliers | 440/4 | €153,929 | €314,586 | +€160,657 | +104.4% |
| Taxes, remuneration and social security | 45 | €254,964 | €230,571 | -€24,393 | -9.6% |
| Taxes | 450/3 | €68,679 | €43,091 | -€25,588 | -37.3% |
| Remuneration and social security | 454/9 | €186,285 | €187,480 | +€1,195 | +0.6% |
| Accrued charges and deferred income | 492/3 | €9,624 | €21,932 | +€12,308 | +127.9% |
| Non-recurring operating income | 76A | €116 | - | -€116 | |
| Remuneration, social security and pensions | 62 | €1,390,828 | €1,528,880 | +€138,052 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,994 | €13,324 | -€8,670 | -39.4% |
| Other operating charges | 640/8 | €2,687 | €1,522 | -€1,166 | -43.4% |
| Non-recurring operating charges | 66A | €1,504 | - | -€1,504 | |
| Gross operating margin | 9900 | €1,489,505 | €1,564,936 | +€75,431 | +5.1% |
| Operating profit (loss) | 9901 | €72,491 | €21,210 | -€51,281 | -70.7% |
| Financial income | 75/76B | - | €197 | +€197 | |
| Recurring financial income | 75 | - | €197 | +€197 | |
| Financial charges | 65/66B | €190 | €436 | +€246 | +129.8% |
| Recurring financial charges | 65 | €190 | €436 | +€246 | +129.8% |
| Profit (loss) for the period before taxes | 9903 | €72,301 | €20,972 | -€51,330 | -71.0% |
| Income taxes | 67/77 | €32,630 | €12,443 | -€20,187 | -61.9% |
| Profit (loss) for the period | 9904 | €39,671 | €8,529 | -€31,142 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,671 | €8,529 | -€31,142 | -78.5% |
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 10 October 2026 via checked.be.