GMTT: 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.
GMTT
Largest movements
- Tangible fixed assets -€18,044
down €18,044 (-25.0%), from €72,120 to €54,076
of which Furniture and vehicles: -€10,928
- Receivables within one year +€16,194
up €16,194 (+149%), from €10,887 to €27,081
of which Other amounts receivable: +€23,277
- Cash -€6,058
no longer reported in 2025 (was €6,058)
mainly Receivables within one year (-€16,194) and Trade debts (-€12,277)
- Deferred charges and accrued income -€4,026
no longer reported in 2025 (was €4,026)
- Trade debts -€12,277
down €12,277 (-41.0%), from €29,918 to €17,641
- Debts after one year -€10,447
down €10,447 (-27.0%), from €38,667 to €28,220
- Accrued charges and deferred income +€8,916
new in 2025: €8,916
- Short-term financial debts -€5,147
down €5,147 (-35.4%), from €14,539 to €9,393
- Profit (loss) carried forward +€4,846
up €4,846 (+7.9%), from -€61,296 to -€56,450
- Financial charges -€64,368
down €64,368 (-88.5%), from €72,708 to €8,339
of which Non-recurring financial charges: -€68,688
- Staff costs -€31,440
down €31,440 (-48.4%), from €65,004 to €33,564
- Other operating charges +€9,435
up €9,435 (+451%), from €2,094 to €11,529
- Depreciation +€5,317
up €5,317 (+40.2%), from €13,227 to €18,544
- Gross operating margin -€5,123
down €5,123 (-5.9%), from €86,502 to €81,379
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 | €106,135 | €93,880 | -€12,255 | -11.5% |
| Fixed assets | 21/28 | €74,036 | €55,492 | -€18,544 | -25.0% |
| Intangible fixed assets | 21 | €1,917 | €1,417 | -€500 | -26.1% |
| Tangible fixed assets | 22/27 | €72,120 | €54,076 | -€18,044 | -25.0% |
| Plant, machinery and equipment | 23 | €8,950 | €4,510 | -€4,440 | -49.6% |
| Furniture and vehicles | 24 | €50,672 | €39,745 | -€10,928 | -21.6% |
| Other tangible fixed assets | 26 | €12,497 | €9,821 | -€2,676 | -21.4% |
| Current assets | 29/58 | €32,099 | €38,387 | +€6,289 | +19.6% |
| Stocks and contracts in progress | 3 | €11,127 | €11,306 | +€179 | +1.6% |
| Stocks | 30/36 | €11,127 | €11,306 | +€179 | +1.6% |
| Amounts receivable within one year | 40/41 | €10,887 | €27,081 | +€16,194 | +149% |
| Trade receivables | 40 | €7,082 | - | -€7,082 | |
| Other amounts receivable | 41 | €3,805 | €27,081 | +€23,277 | +612% |
| Cash at bank and in hand | 54/58 | €6,058 | - | -€6,058 | |
| Deferred charges and accrued income | 490/1 | €4,026 | - | -€4,026 | |
| Total equity and liabilities | 10/49 | €106,135 | €93,880 | -€12,255 | -11.5% |
| Equity | 10/15 | -€11,552 | -€6,706 | +€4,846 | +41.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,744 | €29,744 | = | 0.0% |
| Distributable reserves | 133 | €29,744 | €29,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,296 | -€56,450 | +€4,846 | +7.9% |
| Amounts payable | 17/49 | €117,687 | €100,586 | -€17,101 | -14.5% |
| Amounts payable after more than one year | 17 | €38,667 | €28,220 | -€10,447 | -27.0% |
| Financial debts | 170/4 | €38,667 | €28,220 | -€10,447 | -27.0% |
| Amounts payable within one year | 42/48 | €79,020 | €63,449 | -€15,570 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €9,997 | €10,447 | +€450 | +4.5% |
| Financial debts | 43 | €14,539 | €9,393 | -€5,147 | -35.4% |
| Credit institutions | 430/8 | €14,539 | €9,393 | -€5,147 | -35.4% |
| Trade debts | 44 | €29,918 | €17,641 | -€12,277 | -41.0% |
| Suppliers | 440/4 | €29,918 | €17,641 | -€12,277 | -41.0% |
| Taxes, remuneration and social security | 45 | €24,565 | €25,969 | +€1,403 | +5.7% |
| Taxes | 450/3 | €16,844 | €21,707 | +€4,863 | +28.9% |
| Remuneration and social security | 454/9 | €7,721 | €4,261 | -€3,460 | -44.8% |
| Accrued charges and deferred income | 492/3 | - | €8,916 | +€8,916 | |
| Non-recurring operating income | 76A | - | €24,245 | +€24,245 | |
| Remuneration, social security and pensions | 62 | €65,004 | €33,564 | -€31,440 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,227 | €18,544 | +€5,317 | +40.2% |
| Other operating charges | 640/8 | €2,094 | €11,529 | +€9,435 | +451% |
| Gross operating margin | 9900 | €86,502 | €81,379 | -€5,123 | -5.9% |
| Operating profit (loss) | 9901 | €6,177 | €17,742 | +€11,565 | +187% |
| Financial income | 75/76B | €453 | €1,208 | +€755 | +167% |
| Recurring financial income | 75 | €453 | €1,208 | +€755 | +167% |
| Financial charges | 65/66B | €72,708 | €8,339 | -€64,368 | -88.5% |
| Recurring financial charges | 65 | €4,020 | €8,339 | +€4,319 | +107% |
| Non-recurring financial charges | 66B | €68,688 | - | -€68,688 | |
| Profit (loss) for the period before taxes | 9903 | -€66,078 | €10,610 | +€76,688 | |
| Income taxes | 67/77 | €1,069 | €5,765 | +€4,696 | +439% |
| Profit (loss) for the period | 9904 | -€67,146 | €4,846 | +€71,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,146 | €4,846 | +€71,992 |
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 16 October 2026 via checked.be.