G.R.T.: 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.
G.R.T.
Largest movements
- Tangible fixed assets +€49,000
up €49,000 (+1,575%), from €3,112 to €52,112
of which Furniture and vehicles: +€41,978
- Receivables within one year -€35,069
down €35,069 (-49.6%), from €70,688 to €35,619
- Cash -€5,846
down €5,846 (-48.4%), from €12,084 to €6,238
mainly Investment in fixed assets (net) (-€56,463) and Net result for the year (-€12,214)
- Tax, wage and social debts +€15,985
up €15,985 (+101%), from €15,889 to €31,874
of which Remuneration and social security: +€14,539
- Reserves -€12,214
down €12,214 (-22.6%), from €53,994 to €41,779
- Trade debts +€3,785
up €3,785 (+223%), from €1,694 to €5,479
- Staff costs +€110,157
up €110,157 (+163%), from €67,380 to €177,537
- Gross operating margin +€103,242
up €103,242 (+155%), from €66,651 to €169,893
- Depreciation +€7,051
up €7,051 (+1,709%), from €413 to €7,463
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 | €90,176 | €97,732 | +€7,556 | +8.4% |
| Fixed assets | 21/28 | €3,112 | €52,112 | +€49,000 | +1,575% |
| Tangible fixed assets | 22/27 | €3,112 | €52,112 | +€49,000 | +1,575% |
| Land and buildings | 22 | - | €5,222 | +€5,222 | |
| Plant, machinery and equipment | 23 | - | €1,799 | +€1,799 | |
| Furniture and vehicles | 24 | €3,112 | €45,090 | +€41,978 | +1,349% |
| Current assets | 29/58 | €87,064 | €45,620 | -€41,444 | -47.6% |
| Amounts receivable within one year | 40/41 | €70,688 | €35,619 | -€35,069 | -49.6% |
| Other amounts receivable | 41 | €70,688 | €35,619 | -€35,069 | -49.6% |
| Cash at bank and in hand | 54/58 | €12,084 | €6,238 | -€5,846 | -48.4% |
| Deferred charges and accrued income | 490/1 | €4,293 | €3,763 | -€530 | -12.3% |
| Total equity and liabilities | 10/49 | €90,176 | €97,732 | +€7,556 | +8.4% |
| Equity | 10/15 | €72,594 | €60,379 | -€12,214 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,994 | €41,779 | -€12,214 | -22.6% |
| Distributable reserves | 133 | €53,994 | €41,779 | -€12,214 | -22.6% |
| Amounts payable | 17/49 | €17,583 | €37,353 | +€19,770 | +112% |
| Amounts payable within one year | 42/48 | €17,583 | €37,353 | +€19,770 | +112% |
| Trade debts | 44 | €1,694 | €5,479 | +€3,785 | +223% |
| Suppliers | 440/4 | €1,694 | €5,479 | +€3,785 | +223% |
| Taxes, remuneration and social security | 45 | €15,889 | €31,874 | +€15,985 | +101% |
| Taxes | 450/3 | €15,682 | €17,127 | +€1,446 | +9.2% |
| Remuneration and social security | 454/9 | €207 | €14,746 | +€14,539 | +7,013% |
| Remuneration, social security and pensions | 62 | €67,380 | €177,537 | +€110,157 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €7,463 | +€7,051 | +1,709% |
| Other operating charges | 640/8 | €112 | €608 | +€496 | +443% |
| Gross operating margin | 9900 | €66,651 | €169,893 | +€103,242 | +155% |
| Operating profit (loss) | 9901 | -€1,254 | -€15,716 | -€14,462 | -1,153% |
| Financial income | 75/76B | €4,293 | €3,763 | -€530 | -12.3% |
| Recurring financial income | 75 | €4,293 | €3,763 | -€530 | -12.3% |
| Financial charges | 65/66B | €304 | €262 | -€42 | -13.8% |
| Recurring financial charges | 65 | €304 | €262 | -€42 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €2,735 | -€12,214 | -€14,949 | |
| Income taxes | 67/77 | €694 | - | -€694 | |
| Profit (loss) for the period | 9904 | €2,041 | -€12,214 | -€14,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,041 | -€12,214 | -€14,255 |
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 30 October 2026 via checked.be.