GC-TECH: what changed
Two fiscal 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.
GC-TECH
Largest movements
- Cash +€20,279
up €20,279 (+26.5%), from €76,482 to €96,761
mainly Net result for the year (+€32,997) and Depreciation (+€4,077)
- Receivables within one year +€8,235
up €8,235 (+266.5%), from €3,090 to €11,325
of which Trade receivables: +€6,826
- Deferred charges and accrued income +€4,475
up €4,475 (+4903.0%), from €91 to €4,567
- Tangible fixed assets -€4,077
down €4,077 (-28.0%), from €14,553 to €10,476
of which Furniture and vehicles: -€3,892
- Reserves +€32,500
up €32,500 (+49.6%), from €65,500 to €98,000
- Debts after one year -€3,442
no longer reported in 2025 (was €3,442)
- Current portion of long-term debt -€2,215
down €2,215 (-39.2%), from €5,657 to €3,442
- Tax, wage and social debts +€1,266
up €1,266 (+7.8%), from €16,209 to €17,475
- Gross operating margin +€2,336
up €2,336 (+4.7%), from €49,311 to €51,647
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.
Cash bridge derived
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 | €94,216 | €123,129 | +€28,913 | +30.7% |
| Fixed assets | 21/28 | €14,553 | €10,476 | -€4,077 | -28.0% |
| Tangible fixed assets | 22/27 | €14,553 | €10,476 | -€4,077 | -28.0% |
| Plant, machinery and equipment | 23 | €916 | €731 | -€185 | -20.2% |
| Furniture and vehicles | 24 | €13,637 | €9,745 | -€3,892 | -28.5% |
| Current assets | 29/58 | €79,663 | €112,653 | +€32,990 | +41.4% |
| Amounts receivable within one year | 40/41 | €3,090 | €11,325 | +€8,235 | +266.5% |
| Trade receivables | 40 | - | €6,826 | +€6,826 | |
| Other amounts receivable | 41 | €3,090 | €4,498 | +€1,409 | +45.6% |
| Cash at bank and in hand | 54/58 | €76,482 | €96,761 | +€20,279 | +26.5% |
| Deferred charges and accrued income | 490/1 | €91 | €4,567 | +€4,475 | +4903.0% |
| Total equity and liabilities | 10/49 | €94,216 | €123,129 | +€28,913 | +30.7% |
| Equity | 10/15 | €68,909 | €101,906 | +€32,997 | +47.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,500 | €98,000 | +€32,500 | +49.6% |
| Distributable reserves | 133 | €65,500 | €98,000 | +€32,500 | +49.6% |
| Profit (loss) carried forward | 14 | €909 | €1,406 | +€497 | +54.7% |
| Amounts payable | 17/49 | €25,307 | €21,223 | -€4,084 | -16.1% |
| Amounts payable after more than one year | 17 | €3,442 | - | -€3,442 | |
| Financial debts | 170/4 | €3,442 | - | -€3,442 | |
| Amounts payable within one year | 42/48 | €21,865 | €21,223 | -€643 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €5,657 | €3,442 | -€2,215 | -39.2% |
| Trade debts | 44 | - | €306 | +€306 | |
| Suppliers | 440/4 | - | €306 | +€306 | |
| Taxes, remuneration and social security | 45 | €16,209 | €17,475 | +€1,266 | +7.8% |
| Taxes | 450/3 | €16,209 | €17,475 | +€1,266 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,870 | €4,077 | +€207 | +5.3% |
| Other operating charges | 640/8 | €388 | €458 | +€70 | +18.1% |
| Gross operating margin | 9900 | €49,311 | €51,647 | +€2,336 | +4.7% |
| Operating profit (loss) | 9901 | €45,054 | €47,113 | +€2,059 | +4.6% |
| Financial charges | 65/66B | €765 | €470 | -€295 | -38.6% |
| Recurring financial charges | 65 | €765 | €470 | -€295 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €44,290 | €46,643 | +€2,354 | +5.3% |
| Income taxes | 67/77 | €13,301 | €13,646 | +€345 | +2.6% |
| Profit (loss) for the period | 9904 | €30,988 | €32,997 | +€2,009 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,988 | €32,997 | +€2,009 | +6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.