BUREAU GTEX: 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.
BUREAU GTEX
Largest movements
- Tangible fixed assets -€14,672
down €14,672 (-12.9%), from €113,878 to €99,206
of which Furniture and vehicles: -€11,380
- Receivables within one year -€4,444
down €4,444 (-59.9%), from €7,425 to €2,981
of which Other amounts receivable: -€4,312
- Cash +€4,284
up €4,284 (+19.2%), from €22,277 to €26,561
mainly Depreciation (+€14,672) and Receivables within one year (+€4,444)
- Debts after one year -€10,727
down €10,727 (-17.9%), from €59,939 to €49,212
- Profit (loss) carried forward -€6,435
down €6,435 (-10.6%), from €60,431 to €53,996
- Other debts +€3,089
up €3,089 (+42.8%), from €7,215 to €10,304
- Financial income -€12,393
down €12,393 (-100.0%), from €12,397 to €4
of which Non-recurring financial income: -€12,397
- Taxes -€2,878
no longer reported in 2025 (was €2,878)
- Gross operating margin -€2,134
down €2,134 (-16.6%), from €12,896 to €10,762
- Depreciation +€1,635
up €1,635 (+12.5%), from €13,037 to €14,672
- Financial charges +€472
up €472 (+32.7%), from €1,444 to €1,916
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,324 | €130,621 | -€14,703 | -10.1% |
| Fixed assets | 21/28 | €113,878 | €99,206 | -€14,672 | -12.9% |
| Tangible fixed assets | 22/27 | €113,878 | €99,206 | -€14,672 | -12.9% |
| Land and buildings | 22 | €58,399 | €56,617 | -€1,782 | -3.1% |
| Plant, machinery and equipment | 23 | €10,032 | €8,522 | -€1,510 | -15.0% |
| Furniture and vehicles | 24 | €45,447 | €34,067 | -€11,380 | -25.0% |
| Current assets | 29/58 | €31,446 | €31,415 | -€31 | -0.1% |
| Amounts receivable within one year | 40/41 | €7,425 | €2,981 | -€4,444 | -59.9% |
| Trade receivables | 40 | €253 | €121 | -€132 | -52.2% |
| Other amounts receivable | 41 | €7,172 | €2,860 | -€4,312 | -60.1% |
| Cash at bank and in hand | 54/58 | €22,277 | €26,561 | +€4,284 | +19.2% |
| Deferred charges and accrued income | 490/1 | €1,744 | €1,872 | +€128 | +7.4% |
| Total equity and liabilities | 10/49 | €145,324 | €130,621 | -€14,703 | -10.1% |
| Equity | 10/15 | €65,931 | €59,496 | -€6,435 | -9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,431 | €53,996 | -€6,435 | -10.6% |
| Amounts payable | 17/49 | €79,393 | €71,125 | -€8,268 | -10.4% |
| Amounts payable after more than one year | 17 | €59,939 | €49,212 | -€10,727 | -17.9% |
| Other amounts payable | 178/9 | €59,939 | €49,212 | -€10,727 | -17.9% |
| Amounts payable within one year | 42/48 | €19,454 | €21,912 | +€2,458 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €10,407 | €10,727 | +€320 | +3.1% |
| Trade debts | 44 | - | €428 | +€428 | |
| Suppliers | 440/4 | - | €428 | +€428 | |
| Advances received on contracts in progress | 46 | €605 | - | -€605 | |
| Taxes, remuneration and social security | 45 | €1,227 | €454 | -€773 | -63.0% |
| Taxes | 450/3 | €1,227 | €454 | -€773 | -63.0% |
| Other amounts payable | 47/48 | €7,215 | €10,304 | +€3,089 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,037 | €14,672 | +€1,635 | +12.5% |
| Other operating charges | 640/8 | €626 | €612 | -€14 | -2.2% |
| Gross operating margin | 9900 | €12,896 | €10,762 | -€2,134 | -16.6% |
| Operating profit (loss) | 9901 | -€767 | -€4,522 | -€3,755 | -490% |
| Financial income | 75/76B | €12,397 | €4 | -€12,393 | -100.0% |
| Recurring financial income | 75 | €12,397 | €4 | -€12,393 | -100.0% |
| Non-recurring financial income | 76B | €12,397 | - | -€12,397 | |
| Financial charges | 65/66B | €1,444 | €1,916 | +€472 | +32.7% |
| Recurring financial charges | 65 | €1,444 | €1,916 | +€472 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €10,186 | -€6,435 | -€16,621 | |
| Income taxes | 67/77 | €2,878 | - | -€2,878 | |
| Profit (loss) for the period | 9904 | €7,308 | -€6,435 | -€13,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,308 | -€6,435 | -€13,743 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.