GNT GROUP: 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 GROUP
Largest movements
- Cash +€127,948
up €127,948 (+502%), from €25,478 to €153,427
mainly Receivables within one year (+€87,376) and Accrued charges and deferred income (+€29,914)
- Receivables within one year -€87,376
down €87,376 (-15.8%), from €551,512 to €464,136
of which Trade receivables: -€113,314
- Tangible fixed assets -€8,604
down €8,604 (-73.2%), from €11,753 to €3,149
- Accrued charges and deferred income +€29,914
new in 2025: €29,914
- Trade debts +€19,367
up €19,367 (+30.7%), from €63,062 to €82,429
- Other debts -€18,463
down €18,463 (-10.9%), from €168,850 to €150,387
- Profit (loss) carried forward +€12,745
up €12,745 (+42.2%), from €30,216 to €42,961
- Tax, wage and social debts -€11,482
down €11,482 (-93.8%), from €12,237 to €755
- Other operating charges +€25,604
up €25,604 (+235%), from €10,895 to €36,499
- Gross operating margin +€24,681
up €24,681 (+83.8%), from €29,440 to €54,120
- Depreciation -€7,153
down €7,153 (-68.2%), from €10,493 to €3,340
- Write-downs +€914
new in 2025: €914
- Financial charges +€651
up €651 (+117%), from €556 to €1,208
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 | €591,310 | €623,391 | +€32,081 | +5.4% |
| Fixed assets | 21/28 | €11,753 | €3,149 | -€8,604 | -73.2% |
| Tangible fixed assets | 22/27 | €11,753 | €3,149 | -€8,604 | -73.2% |
| Furniture and vehicles | 24 | €11,753 | €3,149 | -€8,604 | -73.2% |
| Current assets | 29/58 | €579,557 | €620,242 | +€40,685 | +7.0% |
| Amounts receivable within one year | 40/41 | €551,512 | €464,136 | -€87,376 | -15.8% |
| Trade receivables | 40 | €495,887 | €382,573 | -€113,314 | -22.9% |
| Other amounts receivable | 41 | €55,625 | €81,563 | +€25,939 | +46.6% |
| Cash at bank and in hand | 54/58 | €25,478 | €153,427 | +€127,948 | +502% |
| Deferred charges and accrued income | 490/1 | €2,567 | €2,679 | +€113 | +4.4% |
| Total equity and liabilities | 10/49 | €591,310 | €623,391 | +€32,081 | +5.4% |
| Equity | 10/15 | €347,161 | €359,905 | +€12,745 | +3.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €304,545 | €304,545 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,559 | €4,559 | = | 0.0% |
| Distributable reserves | 133 | €299,986 | €299,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,216 | €42,961 | +€12,745 | +42.2% |
| Amounts payable | 17/49 | €244,149 | €263,486 | +€19,337 | +7.9% |
| Amounts payable within one year | 42/48 | €244,149 | €233,572 | -€10,577 | -4.3% |
| Trade debts | 44 | €63,062 | €82,429 | +€19,367 | +30.7% |
| Suppliers | 440/4 | €63,062 | €82,429 | +€19,367 | +30.7% |
| Taxes, remuneration and social security | 45 | €12,237 | €755 | -€11,482 | -93.8% |
| Taxes | 450/3 | €12,237 | €755 | -€11,482 | -93.8% |
| Other amounts payable | 47/48 | €168,850 | €150,387 | -€18,463 | -10.9% |
| Accrued charges and deferred income | 492/3 | - | €29,914 | +€29,914 | |
| Non-recurring operating income | 76A | - | €30,935 | +€30,935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,493 | €3,340 | -€7,153 | -68.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €914 | +€914 | |
| Other operating charges | 640/8 | €10,895 | €36,499 | +€25,604 | +235% |
| Gross operating margin | 9900 | €29,440 | €54,120 | +€24,681 | +83.8% |
| Operating profit (loss) | 9901 | €8,052 | €13,367 | +€5,315 | +66.0% |
| Financial income | 75/76B | €722 | €755 | +€33 | +4.6% |
| Recurring financial income | 75 | €722 | €755 | +€33 | +4.6% |
| Financial charges | 65/66B | €556 | €1,208 | +€651 | +117% |
| Recurring financial charges | 65 | €556 | €1,208 | +€651 | +117% |
| Profit (loss) for the period before taxes | 9903 | €8,217 | €12,915 | +€4,697 | +57.2% |
| Income taxes | 67/77 | €127 | €170 | +€43 | +34.3% |
| Profit (loss) for the period | 9904 | €8,091 | €12,745 | +€4,654 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,091 | €12,745 | +€4,654 | +57.5% |
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 21 October 2026 via checked.be.