GF. Tech: 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.
GF. Tech
Largest movements
- Receivables within one year -€10,408
down €10,408 (-38.1%), from €27,344 to €16,936
of which Trade receivables: -€13,096
- Tangible fixed assets +€7,357
up €7,357 (+120%), from €6,111 to €13,468
- Deferred charges and accrued income -€538
down €538 (-100%), from €538 to €0
- Other debts +€9,440
up €9,440 (+160%), from €5,899 to €15,339
- Trade debts -€7,483
down €7,483 (-43.7%), from €17,139 to €9,655
- Advances received -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin -€6,207
down €6,207 (-75.6%), from €8,207 to €2,000
- Depreciation -€1,720
down €1,720 (-91.1%), from €1,889 to €168
- Taxes -€1,004
no longer reported in 2025 (was €1,004)
- Financial income -€268
down €268 (-77.2%), from €347 to €79
of which Non-recurring financial income: -€347
- Financial charges +€181
up €181 (+159%), from €114 to €294
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 | €34,517 | €31,244 | -€3,273 | -9.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,111 | €13,468 | +€7,357 | +120% |
| Tangible fixed assets | 22/27 | €6,111 | €13,468 | +€7,357 | +120% |
| Furniture and vehicles | 24 | €6,111 | €13,468 | +€7,357 | +120% |
| Current assets | 29/58 | €28,406 | €17,776 | -€10,630 | -37.4% |
| Amounts receivable within one year | 40/41 | €27,344 | €16,936 | -€10,408 | -38.1% |
| Trade receivables | 40 | €26,190 | €13,095 | -€13,096 | -50.0% |
| Other amounts receivable | 41 | €1,154 | €3,841 | +€2,687 | +233% |
| Cash at bank and in hand | 54/58 | €524 | €840 | +€316 | +60.4% |
| Deferred charges and accrued income | 490/1 | €538 | €0 | -€538 | -100% |
| Total equity and liabilities | 10/49 | €34,517 | €31,244 | -€3,273 | -9.5% |
| Equity | 10/15 | €5,475 | €5,245 | -€230 | -4.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,475 | €2,245 | -€230 | -9.3% |
| Distributable reserves | 133 | €2,475 | €2,245 | -€230 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €29,042 | €25,999 | -€3,043 | -10.5% |
| Amounts payable within one year | 42/48 | €29,042 | €25,999 | -€3,043 | -10.5% |
| Trade debts | 44 | €17,139 | €9,655 | -€7,483 | -43.7% |
| Suppliers | 440/4 | €17,139 | €9,655 | -€7,483 | -43.7% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100% |
| Taxes, remuneration and social security | 45 | €1,004 | €1,004 | = | 0.0% |
| Taxes | 450/3 | €1,004 | €1,004 | = | 0.0% |
| Other amounts payable | 47/48 | €5,899 | €15,339 | +€9,440 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,889 | €168 | -€1,720 | -91.1% |
| Other operating charges | 640/8 | €887 | €734 | -€153 | -17.2% |
| Non-recurring operating charges | 66A | - | €1,111 | +€1,111 | |
| Gross operating margin | 9900 | €8,207 | €2,000 | -€6,207 | -75.6% |
| Operating profit (loss) | 9901 | €5,431 | -€14 | -€5,445 | |
| Financial income | 75/76B | €347 | €79 | -€268 | -77.2% |
| Recurring financial income | 75 | €347 | €79 | -€268 | -77.2% |
| Non-recurring financial income | 76B | €347 | - | -€347 | |
| Financial charges | 65/66B | €114 | €294 | +€181 | +159% |
| Recurring financial charges | 65 | €114 | €294 | +€181 | +159% |
| Profit (loss) for the period before taxes | 9903 | €5,664 | -€230 | -€5,893 | |
| Income taxes | 67/77 | €1,004 | - | -€1,004 | |
| Profit (loss) for the period | 9904 | €4,660 | -€230 | -€4,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,660 | -€230 | -€4,889 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.