GTSC: 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.
GTSC
Largest movements
- Receivables within one year -€6,296
down €6,296 (-19.0%), from €33,087 to €26,790
of which Other amounts receivable: -€9,704
- Cash +€1,270
up €1,270 (+156.1%), from €814 to €2,084
mainly Receivables within one year (+€6,296) and Trade debts (+€4,843)
- Reserves -€10,529
down €10,529 (-75.9%), from €13,876 to €3,347
- Trade debts +€4,843
up €4,843 (+43.8%), from €11,065 to €15,908
- Accrued charges and deferred income +€1,373
new in 2024: €1,373
- Tax, wage and social debts -€713
down €713 (-25.8%), from €2,761 to €2,048
- Gross operating margin -€13,291
down €13,291, from €2,235 to -€11,056
- Taxes -€633
down €633 (-100.0%), from €633 to €0
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 | €33,901 | €28,875 | -€5,026 | -14.8% |
| Current assets | 29/58 | €33,901 | €28,875 | -€5,026 | -14.8% |
| Amounts receivable within one year | 40/41 | €33,087 | €26,790 | -€6,296 | -19.0% |
| Trade receivables | 40 | €8,624 | €12,032 | +€3,408 | +39.5% |
| Other amounts receivable | 41 | €24,463 | €14,759 | -€9,704 | -39.7% |
| Cash at bank and in hand | 54/58 | €814 | €2,084 | +€1,270 | +156.1% |
| Total equity and liabilities | 10/49 | €33,901 | €28,875 | -€5,026 | -14.8% |
| Equity | 10/15 | €20,076 | €9,547 | -€10,529 | -52.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,876 | €3,347 | -€10,529 | -75.9% |
| Distributable reserves | 133 | €13,876 | €3,347 | -€10,529 | -75.9% |
| Amounts payable | 17/49 | €13,825 | €19,328 | +€5,503 | +39.8% |
| Amounts payable within one year | 42/48 | €13,825 | €17,955 | +€4,130 | +29.9% |
| Trade debts | 44 | €11,065 | €15,908 | +€4,843 | +43.8% |
| Suppliers | 440/4 | €11,065 | €15,908 | +€4,843 | +43.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,761 | €2,048 | -€713 | -25.8% |
| Taxes | 450/3 | €2,761 | €2,048 | -€713 | -25.8% |
| Accrued charges and deferred income | 492/3 | - | €1,373 | +€1,373 | |
| Other operating charges | 640/8 | €392 | €434 | +€42 | +10.6% |
| Gross operating margin | 9900 | €2,235 | -€11,056 | -€13,291 | |
| Operating profit (loss) | 9901 | €1,842 | -€11,490 | -€13,333 | |
| Financial income | 75/76B | €1,116 | €1,018 | -€98 | -8.8% |
| Recurring financial income | 75 | €1,116 | €1,018 | -€98 | -8.8% |
| Financial charges | 65/66B | €109 | €56 | -€53 | -48.5% |
| Recurring financial charges | 65 | €109 | €56 | -€53 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €2,849 | -€10,529 | -€13,378 | |
| Income taxes | 67/77 | €633 | €0 | -€633 | -100.0% |
| Profit (loss) for the period | 9904 | €2,216 | -€10,529 | -€12,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,216 | -€10,529 | -€12,745 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.