G-TEC: 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-TEC
Largest movements
- Stocks and contracts +€527,676
up €527,676 (+15.3%), from €3.4m to €4.0m
- Current investments -€211,707
down €211,707 (-3.3%), from €6.4m to €6.2m
- Cash -€152,607
down €152,607 (-47.5%), from €321,363 to €168,756
mainly Stocks and contracts (-€527,676) and Investment in fixed assets (net) (-€230,117)
- Tax, wage and social debts -€177,945
down €177,945 (-87.2%), from €203,973 to €26,028
- Profit (loss) carried forward +€172,946
up €172,946 (+1.8%), from €9.7m to €9.8m
- Financial income -€1.5m
down €1.5m (-86.8%), from €1.7m to €229,912
of which Non-recurring financial income: -€1.5m
- Gross operating margin -€946,218
down €946,218 (-79.5%), from €1.2m to €243,815
- Other operating charges -€516,406
down €516,406 (-93.8%), from €550,617 to €34,211
- Taxes -€270,661
down €270,661 (-84.9%), from €318,977 to €48,316
- Financial charges -€41,470
down €41,470 (-87.6%), from €47,336 to €5,866
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 | €13,997,004 | €14,032,120 | +€35,116 | +0.3% |
| Fixed assets | 21/28 | €3,421,441 | €3,453,826 | +€32,385 | +0.9% |
| Tangible fixed assets | 22/27 | €3,183,941 | €3,231,326 | +€47,385 | +1.5% |
| Land and buildings | 22 | €2,904,886 | €2,806,464 | -€98,421 | -3.4% |
| Plant, machinery and equipment | 23 | €4,526 | €17,692 | +€13,165 | +291% |
| Furniture and vehicles | 24 | €237,152 | €252,077 | +€14,926 | +6.3% |
| Other tangible fixed assets | 26 | €37,378 | €155,093 | +€117,715 | +315% |
| Financial fixed assets | 28 | €237,500 | €222,500 | -€15,000 | -6.3% |
| Current assets | 29/58 | €10,575,563 | €10,578,294 | +€2,731 | 0.0% |
| Stocks and contracts in progress | 3 | €3,441,765 | €3,969,440 | +€527,676 | +15.3% |
| Stocks | 30/36 | €3,441,765 | €3,969,440 | +€527,676 | +15.3% |
| Amounts receivable within one year | 40/41 | €312,665 | €176,695 | -€135,970 | -43.5% |
| Trade receivables | 40 | €118,637 | €153,541 | +€34,904 | +29.4% |
| Other amounts receivable | 41 | €194,028 | €23,154 | -€170,874 | -88.1% |
| Current investments | 50/53 | €6,447,100 | €6,235,393 | -€211,707 | -3.3% |
| Cash at bank and in hand | 54/58 | €321,363 | €168,756 | -€152,607 | -47.5% |
| Deferred charges and accrued income | 490/1 | €52,670 | €28,010 | -€24,660 | -46.8% |
| Total equity and liabilities | 10/49 | €13,997,004 | €14,032,120 | +€35,116 | +0.3% |
| Equity | 10/15 | €13,687,905 | €13,760,850 | +€72,946 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,009,778 | €3,909,778 | -€100,000 | -2.5% |
| Distributable reserves | 133 | €4,009,778 | €3,909,778 | -€100,000 | -2.5% |
| Profit (loss) carried forward | 14 | €9,659,526 | €9,832,472 | +€172,946 | +1.8% |
| Amounts payable | 17/49 | €309,099 | €271,270 | -€37,829 | -12.2% |
| Amounts payable within one year | 42/48 | €306,542 | €271,270 | -€35,272 | -11.5% |
| Trade debts | 44 | €5,208 | €46,801 | +€41,594 | +799% |
| Suppliers | 440/4 | €5,208 | €46,801 | +€41,594 | +799% |
| Advances received on contracts in progress | 46 | - | €45,000 | +€45,000 | |
| Taxes, remuneration and social security | 45 | €203,973 | €26,028 | -€177,945 | -87.2% |
| Taxes | 450/3 | €203,973 | €26,028 | -€177,945 | -87.2% |
| Other amounts payable | 47/48 | €97,361 | €153,441 | +€56,080 | +57.6% |
| Accrued charges and deferred income | 492/3 | €2,558 | - | -€2,558 | |
| Non-recurring operating income | 76A | €1,105,025 | €12,345 | -€1.1m | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,158 | €197,732 | +€17,574 | +9.8% |
| Other operating charges | 640/8 | €550,617 | €34,211 | -€516,406 | -93.8% |
| Non-recurring operating charges | 66A | - | €14,656 | +€14,656 | |
| Gross operating margin | 9900 | €1,190,033 | €243,815 | -€946,218 | -79.5% |
| Operating profit (loss) | 9901 | €459,258 | -€2,784 | -€462,043 | |
| Financial income | 75/76B | €1,735,377 | €229,912 | -€1.5m | -86.8% |
| Recurring financial income | 75 | €194,303 | €229,912 | +€35,609 | +18.3% |
| Non-recurring financial income | 76B | €1,541,074 | - | -€1.5m | |
| Financial charges | 65/66B | €47,336 | €5,866 | -€41,470 | -87.6% |
| Recurring financial charges | 65 | €47,336 | €5,866 | -€41,470 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €2,147,299 | €221,262 | -€1.9m | -89.7% |
| Income taxes | 67/77 | €318,977 | €48,316 | -€270,661 | -84.9% |
| Profit (loss) for the period | 9904 | €1,828,323 | €172,946 | -€1.7m | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,828,323 | €172,946 | -€1.7m | -90.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.