G.T.: 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.
G.T.
Largest movements
- Cash -€23,165
down €23,165 (-73.8%), from €31,396 to €8,231
mainly Tax, wage and social debts (-€14,034) and Advances received (-€5,700)
- Tax, wage and social debts -€14,034
down €14,034 (-46.7%), from €30,040 to €16,006
of which Remuneration and social security: -€16,000
- Advances received -€5,700
no longer reported in 2025 (was €5,700)
- Other debts -€2,850
down €2,850 (-17.6%), from €16,163 to €13,313
- Trade debts -€2,182
down €2,182 (-100.0%), from €2,182 to €0
- Other operating charges +€2,385
up €2,385 (+2244.7%), from €106 to €2,491
- Gross operating margin +€2,192
up €2,192 (+46.3%), from €4,729 to €6,921
- Taxes +€1,663
up €1,663 (+124.4%), from €1,337 to €3,001
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.
Cash bridge derived
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 | €114,160 | €89,916 | -€24,245 | -21.2% |
| Fixed assets | 21/28 | €6,588 | €5,774 | -€814 | -12.4% |
| Tangible fixed assets | 22/27 | €2,176 | €1,362 | -€814 | -37.4% |
| Furniture and vehicles | 24 | €2,176 | €1,362 | -€814 | -37.4% |
| Financial fixed assets | 28 | €4,413 | €4,413 | = | 0.0% |
| Current assets | 29/58 | €107,572 | €84,142 | -€23,431 | -21.8% |
| Stocks and contracts in progress | 3 | €75,335 | €74,350 | -€985 | -1.3% |
| Stocks | 30/36 | €75,335 | €74,350 | -€985 | -1.3% |
| Amounts receivable within one year | 40/41 | €371 | €894 | +€523 | +141.0% |
| Trade receivables | 40 | - | €523 | +€523 | |
| Other amounts receivable | 41 | €371 | €371 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,396 | €8,231 | -€23,165 | -73.8% |
| Deferred charges and accrued income | 490/1 | €470 | €667 | +€196 | +41.7% |
| Total equity and liabilities | 10/49 | €114,160 | €89,916 | -€24,245 | -21.2% |
| Equity | 10/15 | €60,076 | €60,596 | +€521 | +0.9% |
| Reserves | 13 | €20,244 | €20,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,884 | €1,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,884 | €1,884 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,223 | €11,223 | = | 0.0% |
| Distributable reserves | 133 | €7,137 | €7,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,832 | €40,353 | +€521 | +1.3% |
| Amounts payable | 17/49 | €54,085 | €29,320 | -€24,765 | -45.8% |
| Amounts payable within one year | 42/48 | €54,085 | €29,320 | -€24,765 | -45.8% |
| Trade debts | 44 | €2,182 | €0 | -€2,182 | -100.0% |
| Suppliers | 440/4 | €2,182 | €0 | -€2,182 | -100.0% |
| Advances received on contracts in progress | 46 | €5,700 | - | -€5,700 | |
| Taxes, remuneration and social security | 45 | €30,040 | €16,006 | -€14,034 | -46.7% |
| Taxes | 450/3 | €5,340 | €7,306 | +€1,966 | +36.8% |
| Remuneration and social security | 454/9 | €24,700 | €8,700 | -€16,000 | -64.8% |
| Other amounts payable | 47/48 | €16,163 | €13,313 | -€2,850 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €814 | €814 | = | 0.0% |
| Other operating charges | 640/8 | €106 | €2,491 | +€2,385 | +2244.7% |
| Gross operating margin | 9900 | €4,729 | €6,921 | +€2,192 | +46.3% |
| Operating profit (loss) | 9901 | €3,809 | €3,615 | -€193 | -5.1% |
| Financial charges | 65/66B | €146 | €94 | -€52 | -35.7% |
| Recurring financial charges | 65 | €146 | €94 | -€52 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €3,662 | €3,521 | -€141 | -3.9% |
| Income taxes | 67/77 | €1,337 | €3,001 | +€1,663 | +124.4% |
| Profit (loss) for the period | 9904 | €2,325 | €521 | -€1,805 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,325 | €521 | -€1,805 | -77.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.