G.T.I.: what changed
G.T.I.
Largest movements
- Tangible fixed assets +€79,123
up €79,123 (+193%), from €40,921 to €120,043
of which Furniture and vehicles: +€73,201
- Cash +€12,952
up €12,952 (+57.8%), from €22,389 to €35,341
mainly Depreciation (+€50,569) and Other debts (+€31,181)
- Other debts +€31,181
up €31,181 (+245%), from €12,734 to €43,914
- Profit (loss) carried forward +€22,325
up €22,325 (+38.6%), from -€57,854 to -€35,529
- Trade debts +€20,444
up €20,444 (+281%), from €7,286 to €27,730
- Tax, wage and social debts +€14,984
up €14,984 (+3,133%), from €478 to €15,463
of which Remuneration and social security: +€13,851
- Current portion of long-term debt +€14,234
new in 2025: €14,234
- Gross operating margin +€48,380
up €48,380 (+115%), from €42,019 to €90,400
- Depreciation +€30,101
up €30,101 (+147%), from €20,468 to €50,569
- Staff costs +€5,462
new in 2025: €5,462
- Financial charges +€2,034
up €2,034 (+64.5%), from €3,154 to €5,188
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,013 | €172,739 | +€91,726 | +113% |
| Fixed assets | 21/28 | €40,966 | €120,088 | +€79,123 | +193% |
| Tangible fixed assets | 22/27 | €40,921 | €120,043 | +€79,123 | +193% |
| Plant, machinery and equipment | 23 | - | €5,921 | +€5,921 | |
| Furniture and vehicles | 24 | €40,921 | €114,122 | +€73,201 | +179% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €40,047 | €52,650 | +€12,603 | +31.5% |
| Stocks and contracts in progress | 3 | €17,658 | €17,310 | -€348 | -2.0% |
| Stocks | 30/36 | €17,658 | €17,310 | -€348 | -2.0% |
| Cash at bank and in hand | 54/58 | €22,389 | €35,341 | +€12,952 | +57.8% |
| Total equity and liabilities | 10/49 | €81,013 | €172,739 | +€91,726 | +113% |
| Equity | 10/15 | €17,134 | €39,459 | +€22,325 | +130% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,854 | -€35,529 | +€22,325 | +38.6% |
| Amounts payable | 17/49 | €63,879 | €133,280 | +€69,401 | +109% |
| Amounts payable after more than one year | 17 | €31,938 | €20,198 | -€11,739 | -36.8% |
| Financial debts | 170/4 | €31,938 | €20,198 | -€11,739 | -36.8% |
| Amounts payable within one year | 42/48 | €31,941 | €113,081 | +€81,140 | +254% |
| Current portion of amounts payable after more than one year | 42 | - | €14,234 | +€14,234 | |
| Financial debts | 43 | €11,443 | €11,739 | +€297 | +2.6% |
| Credit institutions | 430/8 | €11,443 | €11,739 | +€297 | +2.6% |
| Trade debts | 44 | €7,286 | €27,730 | +€20,444 | +281% |
| Suppliers | 440/4 | €7,286 | €27,730 | +€20,444 | +281% |
| Taxes, remuneration and social security | 45 | €478 | €15,463 | +€14,984 | +3,133% |
| Taxes | 450/3 | €478 | €1,612 | +€1,134 | +237% |
| Remuneration and social security | 454/9 | - | €13,851 | +€13,851 | |
| Other amounts payable | 47/48 | €12,734 | €43,914 | +€31,181 | +245% |
| Remuneration, social security and pensions | 62 | - | €5,462 | +€5,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,468 | €50,569 | +€30,101 | +147% |
| Other operating charges | 640/8 | €1,069 | €1,731 | +€662 | +61.9% |
| Non-recurring operating charges | 66A | - | €5,124 | +€5,124 | |
| Gross operating margin | 9900 | €42,019 | €90,400 | +€48,380 | +115% |
| Operating profit (loss) | 9901 | €20,482 | €27,513 | +€7,031 | +34.3% |
| Financial charges | 65/66B | €3,154 | €5,188 | +€2,034 | +64.5% |
| Recurring financial charges | 65 | €3,154 | €5,188 | +€2,034 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €17,328 | €22,325 | +€4,997 | +28.8% |
| Profit (loss) for the period | 9904 | €17,328 | €22,325 | +€4,997 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,328 | €22,325 | +€4,997 | +28.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.