GNT: 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.
GNT
Largest movements
- Receivables within one year -€91,458
down €91,458 (-70.1%), from €130,544 to €39,085
of which Trade receivables: -€87,953
- Trade debts -€88,782
down €88,782 (-77.3%), from €114,852 to €26,070
- Other debts -€15,563
down €15,563 (-13.4%), from €116,107 to €100,545
- Profit (loss) carried forward +€10,727
up €10,727 (+60.7%), from €17,679 to €28,407
- Staff costs +€17,200
up €17,200 (+80.4%), from €21,396 to €38,596
- Gross operating margin +€9,141
up €9,141 (+14.6%), from €62,623 to €71,764
- Taxes +€2,361
up €2,361 (+2018.9%), from €117 to €2,478
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 | €268,539 | €177,311 | -€91,228 | -34.0% |
| Fixed assets | 21/28 | €97,733 | €96,351 | -€1,381 | -1.4% |
| Tangible fixed assets | 22/27 | €82,733 | €81,351 | -€1,381 | -1.7% |
| Land and buildings | 22 | €4,826 | €4,173 | -€653 | -13.5% |
| Plant, machinery and equipment | 23 | €46,302 | €43,814 | -€2,488 | -5.4% |
| Furniture and vehicles | 24 | €27,986 | €30,136 | +€2,149 | +7.7% |
| Other tangible fixed assets | 26 | €3,619 | €3,229 | -€390 | -10.8% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €170,806 | €80,960 | -€89,846 | -52.6% |
| Stocks and contracts in progress | 3 | €2,275 | €2,275 | = | 0.0% |
| Stocks | 30/36 | €2,275 | €2,275 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,544 | €39,085 | -€91,458 | -70.1% |
| Trade receivables | 40 | €94,475 | €6,522 | -€87,953 | -93.1% |
| Other amounts receivable | 41 | €36,069 | €32,564 | -€3,505 | -9.7% |
| Cash at bank and in hand | 54/58 | €36,853 | €38,595 | +€1,742 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,135 | €1,005 | -€130 | -11.5% |
| Total equity and liabilities | 10/49 | €268,539 | €177,311 | -€91,228 | -34.0% |
| Equity | 10/15 | €32,679 | €43,407 | +€10,727 | +32.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,679 | €28,407 | +€10,727 | +60.7% |
| Amounts payable | 17/49 | €235,860 | €133,905 | -€101,955 | -43.2% |
| Amounts payable within one year | 42/48 | €235,860 | €133,905 | -€101,955 | -43.2% |
| Trade debts | 44 | €114,852 | €26,070 | -€88,782 | -77.3% |
| Suppliers | 440/4 | €114,852 | €26,070 | -€88,782 | -77.3% |
| Advances received on contracts in progress | 46 | - | €458 | +€458 | |
| Taxes, remuneration and social security | 45 | €4,900 | €6,833 | +€1,932 | +39.4% |
| Taxes | 450/3 | €4,354 | €6,833 | +€2,478 | +56.9% |
| Remuneration and social security | 454/9 | €546 | - | -€546 | |
| Other amounts payable | 47/48 | €116,107 | €100,545 | -€15,563 | -13.4% |
| Non-recurring operating income | 76A | €546 | €2,444 | +€1,898 | +347.9% |
| Remuneration, social security and pensions | 62 | €21,396 | €38,596 | +€17,200 | +80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,854 | €18,380 | +€526 | +2.9% |
| Other operating charges | 640/8 | €84 | €84 | = | 0.0% |
| Non-recurring operating charges | 66A | €12,686 | - | -€12,686 | |
| Gross operating margin | 9900 | €62,623 | €71,764 | +€9,141 | +14.6% |
| Operating profit (loss) | 9901 | €10,603 | €14,703 | +€4,100 | +38.7% |
| Financial income | 75/76B | €63 | €1 | -€62 | -99.2% |
| Recurring financial income | 75 | €63 | €1 | -€62 | -99.2% |
| Financial charges | 65/66B | €1,030 | €1,498 | +€469 | +45.5% |
| Recurring financial charges | 65 | €1,030 | €1,498 | +€469 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €9,636 | €13,206 | +€3,570 | +37.0% |
| Income taxes | 67/77 | €117 | €2,478 | +€2,361 | +2018.9% |
| Profit (loss) for the period | 9904 | €9,519 | €10,727 | +€1,208 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,519 | €10,727 | +€1,208 | +12.7% |
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 11 October 2026 via checked.be.