G T I: 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.
What changed
G T I
NACE 69.209, Other tax advisory services
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€234,858
2025 · €196,216+€38,642
Equity
€1.2m
2025 · €928,555+€234,858
Cash
€79,395
2025 · €7,797+€71,598
Balance sheet total
€1.4m
2025 · €1.2m+€226,573
Largest movements
Assets
- Current investments +€146,331
new in 2026: €146,331
- Cash +€71,598
up €71,598 (+918%), from €7,797 to €79,395
mainly Net result for the year (+€234,858) and Depreciation (+€70,597)
Equity and liabilities
- Profit (loss) carried forward +€234,858
up €234,858 (+30.8%), from €763,605 to €998,463
Income statement
- Financial income +€24,051
up €24,051 (+11.7%), from €205,501 to €229,553
- Gross operating margin +€21,738
up €21,738 (+24.3%), from €89,403 to €111,141
- Depreciation +€8,310
up €8,310 (+13.3%), from €62,287 to €70,597
- Financial charges -€3,708
down €3,708 (-24.5%), from €15,107 to €11,399
- Taxes +€2,581
new in 2026: €2,581
From the 2025 result to the 2026 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.
Result 2025
€196,216
Gross operating margin
+€21,738
Depreciation
-€8,310
Other operating charges
+€36
Financial income
+€24,051
Financial charges
+€3,708
Taxes
-€2,581
Result 2026
€234,858
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€290,086
Investment
-€218,488
Financing
€0
Cash 2025
€7,797
From operations (derived)
+€290,086
Net result for the year
+€234,858
Depreciation
+€70,597
Receivables within one year
-€4,039
Deferred charges and accrued income
-€3,045
Trade debts
+€589
Tax, wage and social debts
-€2,159
Advances received
+€200
Other debts
-€6,915
Investment (derived)
-€218,488
Investment in fixed assets (net)
-€72,157
Current investments
-€146,331
Cash 2026
€79,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,188,025 | €1,414,598 | +€226,573 | +19.1% |
| Fixed assets | 21/28 | €1,180,228 | €1,181,789 | +€1,560 | +0.1% |
| Tangible fixed assets | 22/27 | €1,056,281 | €1,057,842 | +€1,560 | +0.1% |
| Land and buildings | 22 | €983,576 | €935,634 | -€47,942 | -4.9% |
| Plant, machinery and equipment | 23 | €72,152 | €72,927 | +€775 | +1.1% |
| Furniture and vehicles | 24 | €553 | €49,280 | +€48,727 | +8,808% |
| Financial fixed assets | 28 | €123,947 | €123,947 | = | 0.0% |
| Current assets | 29/58 | €7,797 | €232,809 | +€225,012 | +2,886% |
| Amounts receivable within one year | 40/41 | - | €4,039 | +€4,039 | |
| Trade receivables | 40 | - | €1,418 | +€1,418 | |
| Other amounts receivable | 41 | - | €2,621 | +€2,621 | |
| Current investments | 50/53 | - | €146,331 | +€146,331 | |
| Cash at bank and in hand | 54/58 | €7,797 | €79,395 | +€71,598 | +918% |
| Deferred charges and accrued income | 490/1 | - | €3,045 | +€3,045 | |
| Total equity and liabilities | 10/49 | €1,188,025 | €1,414,598 | +€226,573 | +19.1% |
| Equity | 10/15 | €928,555 | €1,163,413 | +€234,858 | +25.3% |
| Contributions | 10/11 | €129,500 | €129,500 | = | 0.0% |
| Capital | 10 | €129,500 | €129,500 | = | 0.0% |
| Issued capital | 100 | €129,500 | €129,500 | = | 0.0% |
| Reserves | 13 | €35,450 | €35,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,950 | €12,950 | = | 0.0% |
| Legal reserve | 130 | €12,950 | €12,950 | = | 0.0% |
| Distributable reserves | 133 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €763,605 | €998,463 | +€234,858 | +30.8% |
| Amounts payable | 17/49 | €259,470 | €251,184 | -€8,285 | -3.2% |
| Amounts payable within one year | 42/48 | €257,220 | €248,934 | -€8,285 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €5,350 | €5,350 | = | 0.0% |
| Trade debts | 44 | €1,278 | €1,867 | +€589 | +46.1% |
| Suppliers | 440/4 | €1,278 | €1,867 | +€589 | +46.1% |
| Advances received on contracts in progress | 46 | €250 | €450 | +€200 | +80.0% |
| Taxes, remuneration and social security | 45 | €7,634 | €5,475 | -€2,159 | -28.3% |
| Taxes | 450/3 | €5,904 | €5,475 | -€429 | -7.3% |
| Remuneration and social security | 454/9 | €1,730 | - | -€1,730 | |
| Other amounts payable | 47/48 | €242,708 | €235,792 | -€6,915 | -2.8% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,287 | €70,597 | +€8,310 | +13.3% |
| Other operating charges | 640/8 | €21,294 | €21,258 | -€36 | -0.2% |
| Gross operating margin | 9900 | €89,403 | €111,141 | +€21,738 | +24.3% |
| Operating profit (loss) | 9901 | €5,822 | €19,286 | +€13,464 | +231% |
| Financial income | 75/76B | €205,501 | €229,553 | +€24,051 | +11.7% |
| Recurring financial income | 75 | €205,501 | €229,553 | +€24,051 | +11.7% |
| Financial charges | 65/66B | €15,107 | €11,399 | -€3,708 | -24.5% |
| Recurring financial charges | 65 | €15,107 | €11,399 | -€3,708 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €196,216 | €237,439 | +€41,224 | +21.0% |
| Income taxes | 67/77 | - | €2,581 | +€2,581 | |
| Profit (loss) for the period | 9904 | €196,216 | €234,858 | +€38,642 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,216 | €234,858 | +€38,642 | +19.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.