G.T. RACING: what changed
G.T. RACING
Largest movements
- Receivables within one year -€30,473
down €30,473 (-59.7%), from €51,043 to €20,570
of which Other amounts receivable: -€17,693
- Cash +€11,054
up €11,054 (+325%), from €3,399 to €14,453
mainly Receivables within one year (+€30,473) and Depreciation (+€7,686)
- Tangible fixed assets -€4,309
down €4,309 (-23.4%), from €18,389 to €14,080
of which Furniture and vehicles: -€4,131
- Deferred charges and accrued income +€998
up €998 (+56.3%), from €1,771 to €2,769
- Profit (loss) carried forward -€11,847
down €11,847 (-32.2%), from €36,829 to €24,982
- Tax, wage and social debts -€5,739
down €5,739 (-62.0%), from €9,263 to €3,524
- Trade debts -€5,183
down €5,183 (-88.5%), from €5,854 to €671
- Gross operating margin -€22,230
down €22,230 (-55.9%), from €39,753 to €17,523
- Taxes -€1,531
down €1,531 (-37.7%), from €4,055 to €2,525
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 | €90,402 | €67,673 | -€22,729 | -25.1% |
| Fixed assets | 21/28 | €18,389 | €14,080 | -€4,309 | -23.4% |
| Tangible fixed assets | 22/27 | €18,389 | €14,080 | -€4,309 | -23.4% |
| Plant, machinery and equipment | 23 | €4,550 | €4,372 | -€178 | -3.9% |
| Furniture and vehicles | 24 | €13,839 | €9,708 | -€4,131 | -29.9% |
| Current assets | 29/58 | €72,013 | €53,593 | -€18,420 | -25.6% |
| Amounts receivable after more than one year | 29 | €15,800 | €15,800 | = | 0.0% |
| Other amounts receivable | 291 | €15,800 | €15,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,043 | €20,570 | -€30,473 | -59.7% |
| Trade receivables | 40 | €13,967 | €1,187 | -€12,780 | -91.5% |
| Other amounts receivable | 41 | €37,076 | €19,383 | -€17,693 | -47.7% |
| Cash at bank and in hand | 54/58 | €3,399 | €14,453 | +€11,054 | +325% |
| Deferred charges and accrued income | 490/1 | €1,771 | €2,769 | +€998 | +56.3% |
| Total equity and liabilities | 10/49 | €90,402 | €67,673 | -€22,729 | -25.1% |
| Equity | 10/15 | €57,281 | €45,434 | -€11,847 | -20.7% |
| Contributions | 10/11 | €20,452 | €20,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,829 | €24,982 | -€11,847 | -32.2% |
| Amounts payable | 17/49 | €33,121 | €22,238 | -€10,882 | -32.9% |
| Amounts payable within one year | 42/48 | €33,117 | €22,195 | -€10,922 | -33.0% |
| Trade debts | 44 | €5,854 | €671 | -€5,183 | -88.5% |
| Suppliers | 440/4 | €5,854 | €671 | -€5,183 | -88.5% |
| Taxes, remuneration and social security | 45 | €9,263 | €3,524 | -€5,739 | -62.0% |
| Taxes | 450/3 | €9,263 | €3,524 | -€5,739 | -62.0% |
| Other amounts payable | 47/48 | €18,000 | €18,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4 | €44 | +€40 | +1,021% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €7,686 | -€187 | -2.4% |
| Other operating charges | 640/8 | €1,154 | €1,309 | +€156 | +13.5% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €39,753 | €17,523 | -€22,230 | -55.9% |
| Operating profit (loss) | 9901 | €30,676 | €8,528 | -€22,148 | -72.2% |
| Financial income | 75/76B | €353 | €638 | +€285 | +80.8% |
| Recurring financial income | 75 | €353 | €638 | +€285 | +80.8% |
| Financial charges | 65/66B | €444 | €488 | +€45 | +10.0% |
| Recurring financial charges | 65 | €444 | €488 | +€45 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €30,585 | €8,678 | -€21,908 | -71.6% |
| Income taxes | 67/77 | €4,055 | €2,525 | -€1,531 | -37.7% |
| Profit (loss) for the period | 9904 | €26,530 | €6,153 | -€20,377 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,530 | €6,153 | -€20,377 | -76.8% |
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 1 November 2026 via checked.be.