GC-TRANS: 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.
GC-TRANS
Largest movements
- Current investments -€33,228
down €33,228 (-51.8%), from €64,189 to €30,960
- Tangible fixed assets -€7,537
down €7,537 (-15.4%), from €49,091 to €41,554
- Receivables within one year -€3,235
down €3,235 (-10.3%), from €31,492 to €28,257
of which Other amounts receivable: -€2,528
- Profit (loss) carried forward -€40,146
new in 2025: -€40,146
- Reserves -€21,243
down €21,243 (-91.9%), from €23,103 to €1,860
of which Distributable reserves: -€21,243
- Debts after one year +€13,064
up €13,064 (+12.9%), from €101,182 to €114,246
- Trade debts +€3,770
up €3,770 (+38.5%), from €9,783 to €13,553
- Gross operating margin -€58,071
down €58,071, from €3,808 to -€54,263
- Taxes -€1,187
down €1,187, from €468 to -€719
- Depreciation +€758
up €758 (+11.2%), from €6,779 to €7,537
- Financial income -€635
down €635 (-30.2%), from €2,106 to €1,470
- Other operating charges -€626
down €626 (-30.5%), from €2,052 to €1,426
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 | €155,820 | €110,306 | -€45,514 | -29.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €54,564 | €47,027 | -€7,537 | -13.8% |
| Intangible fixed assets | 21 | €5,405 | €5,405 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,091 | €41,554 | -€7,537 | -15.4% |
| Land and buildings | 22 | €32,145 | €28,664 | -€3,481 | -10.8% |
| Plant, machinery and equipment | 23 | €9,079 | €6,723 | -€2,356 | -25.9% |
| Furniture and vehicles | 24 | €5,256 | €4,136 | -€1,120 | -21.3% |
| Leasing and similar rights | 25 | €2,610 | €2,030 | -€580 | -22.2% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €101,256 | €63,279 | -€37,977 | -37.5% |
| Amounts receivable within one year | 40/41 | €31,492 | €28,257 | -€3,235 | -10.3% |
| Trade receivables | 40 | €28,956 | €28,249 | -€707 | -2.4% |
| Other amounts receivable | 41 | €2,536 | €9 | -€2,528 | -99.7% |
| Current investments | 50/53 | €64,189 | €30,960 | -€33,228 | -51.8% |
| Cash at bank and in hand | 54/58 | €5,575 | €4,061 | -€1,514 | -27.2% |
| Total equity and liabilities | 10/49 | €155,820 | €110,306 | -€45,514 | -29.2% |
| Equity | 10/15 | €41,703 | -€19,686 | -€61,390 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,103 | €1,860 | -€21,243 | -91.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,243 | - | -€21,243 | |
| Profit (loss) carried forward | 14 | - | -€40,146 | -€40,146 | |
| Amounts payable | 17/49 | €114,117 | €129,992 | +€15,876 | +13.9% |
| Amounts payable after more than one year | 17 | €101,182 | €114,246 | +€13,064 | +12.9% |
| Other amounts payable | 178/9 | €101,182 | €114,246 | +€13,064 | +12.9% |
| Amounts payable within one year | 42/48 | €12,770 | €15,746 | +€2,976 | +23.3% |
| Trade debts | 44 | €9,783 | €13,553 | +€3,770 | +38.5% |
| Suppliers | 440/4 | €9,783 | €13,553 | +€3,770 | +38.5% |
| Advances received on contracts in progress | 46 | €336 | €336 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,651 | €1,858 | -€794 | -29.9% |
| Taxes | 450/3 | €2,651 | €1,858 | -€794 | -29.9% |
| Accrued charges and deferred income | 492/3 | €165 | - | -€165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,779 | €7,537 | +€758 | +11.2% |
| Other operating charges | 640/8 | €2,052 | €1,426 | -€626 | -30.5% |
| Non-recurring operating charges | 66A | €8,206 | - | -€8,206 | |
| Gross operating margin | 9900 | €3,808 | -€54,263 | -€58,071 | |
| Operating profit (loss) | 9901 | -€13,229 | -€63,225 | -€49,996 | -378% |
| Financial income | 75/76B | €2,106 | €1,470 | -€635 | -30.2% |
| Recurring financial income | 75 | €2,106 | €1,470 | -€635 | -30.2% |
| Financial charges | 65/66B | €434 | €354 | -€80 | -18.5% |
| Recurring financial charges | 65 | €434 | €354 | -€80 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,557 | -€62,109 | -€50,552 | -437% |
| Income taxes | 67/77 | €468 | -€719 | -€1,187 | |
| Profit (loss) for the period | 9904 | -€12,025 | -€61,390 | -€49,365 | -411% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,025 | -€61,390 | -€49,365 | -411% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.