G3RT: 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.
G3RT
Largest movements
- Current investments -€19,236
down €19,236 (-26.6%), from €72,417 to €53,181
- Tangible fixed assets -€12,444
down €12,444 (-9.8%), from €127,150 to €114,706
- Receivables within one year +€3,081
up €3,081 (+15.8%), from €19,535 to €22,617
of which Other amounts receivable: +€3,075
- Profit (loss) carried forward -€129,508
down €129,508 (-99.9%), from €129,604 to €96
- Other debts +€102,052
up €102,052 (+167%), from €61,112 to €163,164
- Tax, wage and social debts -€2,461
down €2,461 (-15.3%), from €16,109 to €13,648
- Gross operating margin -€11,779
down €11,779 (-15.8%), from €74,545 to €62,766
- Depreciation +€9,076
up €9,076 (+55.4%), from €16,387 to €25,463
- Taxes -€3,832
down €3,832 (-35.3%), from €10,858 to €7,026
- Other operating charges +€2,413
up €2,413 (+628%), from €384 to €2,797
- Financial charges +€861
up €861 (+54.1%), from €1,591 to €2,452
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 | €228,698 | €200,320 | -€28,378 | -12.4% |
| Fixed assets | 21/28 | €127,150 | €114,706 | -€12,444 | -9.8% |
| Tangible fixed assets | 22/27 | €127,150 | €114,706 | -€12,444 | -9.8% |
| Plant, machinery and equipment | 23 | €18,270 | €16,743 | -€1,527 | -8.4% |
| Furniture and vehicles | 24 | €56,942 | €51,421 | -€5,520 | -9.7% |
| Other tangible fixed assets | 26 | €51,938 | €46,542 | -€5,396 | -10.4% |
| Current assets | 29/58 | €101,548 | €85,613 | -€15,934 | -15.7% |
| Amounts receivable within one year | 40/41 | €19,535 | €22,617 | +€3,081 | +15.8% |
| Trade receivables | 40 | €19,535 | €19,542 | +€6 | 0.0% |
| Other amounts receivable | 41 | - | €3,075 | +€3,075 | |
| Current investments | 50/53 | €72,417 | €53,181 | -€19,236 | -26.6% |
| Cash at bank and in hand | 54/58 | €6,645 | €6,866 | +€221 | +3.3% |
| Deferred charges and accrued income | 490/1 | €2,950 | €2,950 | = | 0.0% |
| Total equity and liabilities | 10/49 | €228,698 | €200,320 | -€28,378 | -12.4% |
| Equity | 10/15 | €150,064 | €20,556 | -€129,508 | -86.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,604 | €96 | -€129,508 | -99.9% |
| Amounts payable | 17/49 | €78,633 | €179,763 | +€101,130 | +129% |
| Amounts payable within one year | 42/48 | €78,633 | €179,763 | +€101,130 | +129% |
| Trade debts | 44 | €1,412 | €2,951 | +€1,539 | +109% |
| Suppliers | 440/4 | €1,412 | €2,951 | +€1,539 | +109% |
| Taxes, remuneration and social security | 45 | €16,109 | €13,648 | -€2,461 | -15.3% |
| Taxes | 450/3 | €16,109 | €13,648 | -€2,461 | -15.3% |
| Other amounts payable | 47/48 | €61,112 | €163,164 | +€102,052 | +167% |
| Non-recurring operating income | 76A | €14,595 | - | -€14,595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,387 | €25,463 | +€9,076 | +55.4% |
| Other operating charges | 640/8 | €384 | €2,797 | +€2,413 | +628% |
| Gross operating margin | 9900 | €74,545 | €62,766 | -€11,779 | -15.8% |
| Operating profit (loss) | 9901 | €57,773 | €34,506 | -€23,267 | -40.3% |
| Financial income | 75/76B | €596 | €463 | -€133 | -22.3% |
| Recurring financial income | 75 | €596 | €463 | -€133 | -22.3% |
| Financial charges | 65/66B | €1,591 | €2,452 | +€861 | +54.1% |
| Recurring financial charges | 65 | €1,591 | €2,452 | +€861 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €56,778 | €32,517 | -€24,261 | -42.7% |
| Income taxes | 67/77 | €10,858 | €7,026 | -€3,832 | -35.3% |
| Profit (loss) for the period | 9904 | €45,920 | €25,492 | -€20,429 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,920 | €25,492 | -€20,429 | -44.5% |
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 14 October 2026 via checked.be.