GITRA: 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.
What changed
GITRA
NACE 50.400, Inland freight water transport
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€180,622
2024 · €278,608-€97,986
Equity
€3.2m
2024 · €3.0m+€180,622
Cash
€1.1m
2024 · €269,985+€835,373
Balance sheet total
€5.7m
2024 · €5.2m+€505,371
Largest movements
Assets
- Cash +€835,373
up €835,373 (+309.4%), from €269,985 to €1.1m
mainly Depreciation (+€709,830) and Current investments (+€500,000)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Tangible fixed assets +€207,437
up €207,437 (+10.7%), from €1.9m to €2.1m
of which Plant, machinery and equipment: +€944,482
- Receivables after one year -€96,880
down €96,880 (-63.0%), from €153,687 to €56,807
- Deferred charges and accrued income +€89,826
up €89,826 (+221.3%), from €40,589 to €130,414
Equity and liabilities
- Reserves +€375,818
up €375,818 (+17.4%), from €2.2m to €2.5m
of which Tax-exempt reserves: +€375,818
- Current portion of long-term debt +€279,844
up €279,844 (+110.9%), from €252,258 to €532,102
- Debts after one year +€218,643
up €218,643 (+41.5%), from €527,297 to €745,940
- Profit (loss) carried forward -€195,196
down €195,196 (-29.8%), from €654,667 to €459,471
- Other debts -€125,467
down €125,467 (-96.1%), from €130,533 to €5,066
Income statement
- Gross operating margin -€216,197
down €216,197 (-11.9%), from €1.8m to €1.6m
- Depreciation +€196,428
up €196,428 (+38.3%), from €513,402 to €709,830
- Taxes -€64,767
down €64,767, from €64,644 to -€122
- Provisions +€27,500
up €27,500 (+72.4%), from -€38,000 to -€10,500
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.
Result 2024
€278,608
Gross operating margin
-€216,197
Staff costs
-€7,282
Depreciation
-€196,428
Provisions
-€27,500
Other operating charges
+€7,499
Other operating items
+€412,593
Financial income
-€178
Financial charges
-€9,986
Taxes
+€64,767
Deferred taxes and other
-€125,273
Result 2025
€180,622
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.
From operations
+€804,154
Investment
-€417,268
Financing
+€448,486
Cash 2024
€269,985
From operations (derived)
+€804,154
Net result for the year
+€180,622
Depreciation
+€709,830
Receivables after one year
+€96,880
Receivables within one year
+€30,385
Deferred charges and accrued income
-€89,826
Provisions
+€114,773
Trade debts
-€18,429
Tax, wage and social debts
-€89,038
Other debts
-€125,467
Accrued charges and deferred income
-€5,576
Investment (derived)
-€417,268
Investment in fixed assets (net)
-€917,268
Current investments
+€500,000
Financing
+€448,486
Debts after one year
+€218,643
Current portion of long-term debt
+€279,844
Short-term financial debts
-€50,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,153,648 | €5,659,019 | +€505,371 | +9.8% |
| Fixed assets | 21/28 | €1,974,662 | €2,182,100 | +€207,437 | +10.5% |
| Tangible fixed assets | 22/27 | €1,931,598 | €2,139,036 | +€207,437 | +10.7% |
| Land and buildings | 22 | €121,416 | €111,249 | -€10,167 | -8.4% |
| Plant, machinery and equipment | 23 | €25,567 | €970,050 | +€944,482 | +3694.1% |
| Furniture and vehicles | 24 | €1,780,955 | €1,056,792 | -€724,163 | -40.7% |
| Other tangible fixed assets | 26 | €3,660 | €945 | -€2,715 | -74.2% |
| Financial fixed assets | 28 | €43,064 | €43,064 | = | 0.0% |
| Current assets | 29/58 | €3,178,986 | €3,476,919 | +€297,933 | +9.4% |
| Amounts receivable after more than one year | 29 | €153,687 | €56,807 | -€96,880 | -63.0% |
| Other amounts receivable | 291 | €153,687 | €56,807 | -€96,880 | -63.0% |
| Amounts receivable within one year | 40/41 | €2,214,724 | €2,184,339 | -€30,385 | -1.4% |
| Trade receivables | 40 | €2,113,026 | €2,096,097 | -€16,928 | -0.8% |
| Other amounts receivable | 41 | €101,699 | €88,242 | -€13,457 | -13.2% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €269,985 | €1,105,358 | +€835,373 | +309.4% |
| Deferred charges and accrued income | 490/1 | €40,589 | €130,414 | +€89,826 | +221.3% |
| Total equity and liabilities | 10/49 | €5,153,648 | €5,659,019 | +€505,371 | +9.8% |
| Equity | 10/15 | €3,018,058 | €3,198,681 | +€180,622 | +6.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,163,392 | €2,539,210 | +€375,818 | +17.4% |
| Tax-exempt reserves | 132 | €2,143,392 | €2,519,210 | +€375,818 | +17.5% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €654,667 | €459,471 | -€195,196 | -29.8% |
| Provisions and deferred taxes | 16 | €112,500 | €227,273 | +€114,773 | +102.0% |
| Provisions for liabilities and charges | 160/5 | €112,500 | €102,000 | -€10,500 | -9.3% |
| Major repairs and maintenance | 162 | €112,500 | €102,000 | -€10,500 | -9.3% |
| Deferred taxes | 168 | - | €125,273 | +€125,273 | |
| Amounts payable | 17/49 | €2,023,090 | €2,233,066 | +€209,976 | +10.4% |
| Amounts payable after more than one year | 17 | €527,297 | €745,940 | +€218,643 | +41.5% |
| Financial debts | 170/4 | €527,297 | €745,940 | +€218,643 | +41.5% |
| Amounts payable within one year | 42/48 | €1,490,216 | €1,487,125 | -€3,091 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €252,258 | €532,102 | +€279,844 | +110.9% |
| Financial debts | 43 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Credit institutions | 430/8 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Trade debts | 44 | €695,587 | €677,158 | -€18,429 | -2.6% |
| Suppliers | 440/4 | €695,587 | €677,158 | -€18,429 | -2.6% |
| Taxes, remuneration and social security | 45 | €211,838 | €122,800 | -€89,038 | -42.0% |
| Taxes | 450/3 | €171,748 | €88,660 | -€83,088 | -48.4% |
| Remuneration and social security | 454/9 | €40,090 | €34,140 | -€5,950 | -14.8% |
| Other amounts payable | 47/48 | €130,533 | €5,066 | -€125,467 | -96.1% |
| Accrued charges and deferred income | 492/3 | €5,576 | - | -€5,576 | |
| Non-recurring operating income | 76A | €37,241 | €837,393 | +€800,153 | +2148.6% |
| Remuneration, social security and pensions | 62 | €537,216 | €544,498 | +€7,282 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513,402 | €709,830 | +€196,428 | +38.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€38,000 | -€10,500 | +€27,500 | +72.4% |
| Other operating charges | 640/8 | €13,335 | €5,836 | -€7,499 | -56.2% |
| Non-recurring operating charges | 66A | €416,639 | €4,047 | -€412,593 | -99.0% |
| Gross operating margin | 9900 | €1,823,896 | €1,607,699 | -€216,197 | -11.9% |
| Operating profit (loss) | 9901 | €381,304 | €353,989 | -€27,316 | -7.2% |
| Financial income | 75/76B | €8,085 | €7,907 | -€178 | -2.2% |
| Recurring financial income | 75 | €8,085 | €7,907 | -€178 | -2.2% |
| Financial charges | 65/66B | €46,137 | €56,123 | +€9,986 | +21.6% |
| Recurring financial charges | 65 | €46,137 | €56,123 | +€9,986 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €343,253 | €305,773 | -€37,480 | -10.9% |
| Transfer from deferred taxes | 780 | - | €33,041 | +€33,041 | |
| Transfer to deferred taxes | 680 | - | €158,314 | +€158,314 | |
| Income taxes | 67/77 | €64,644 | -€122 | -€64,767 | |
| Profit (loss) for the period | 9904 | €278,608 | €180,622 | -€97,986 | -35.2% |
| Transfer from tax-exempt reserves | 789 | - | €99,124 | +€99,124 | |
| Transfer to tax-exempt reserves | 689 | - | €474,942 | +€474,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €278,608 | -€195,196 | -€473,804 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.