GNTT: 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.
GNTT
Largest movements
- Tangible fixed assets -€232,580
down €232,580 (-38.1%), from €610,804 to €378,224
- Cash -€40,116
down €40,116 (-63.2%), from €63,463 to €23,347
mainly Short-term financial debts (-€228,500) and Trade debts (-€26,295)
- Short-term financial debts -€228,500
down €228,500 (-54.6%), from €418,500 to €190,000
- Trade debts -€26,295
down €26,295 (-61.0%), from €43,077 to €16,781
- Profit (loss) carried forward -€12,319
down €12,319 (-15.8%), from -€77,749 to -€90,068
- Financial charges -€8,660
down €8,660 (-19.1%), from €45,343 to €36,683
of which Financial charges: -€8,660
- Other operating charges -€3,325
down €3,325 (-85.9%), from €3,873 to €547
- Financial income -€2,310
down €2,310 (-100.0%), from €2,310 to €0
- Gross operating margin -€2,161
down €2,161 (-8.0%), from €27,072 to €24,911
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 | €758,894 | €486,198 | -€272,696 | -35.9% |
| Fixed assets | 21/28 | €610,804 | €378,224 | -€232,580 | -38.1% |
| Tangible fixed assets | 22/27 | €610,804 | €378,224 | -€232,580 | -38.1% |
| Land and buildings | 22 | €610,804 | €378,224 | -€232,580 | -38.1% |
| Current assets | 29/58 | €148,090 | €107,973 | -€40,116 | -27.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,627 | €74,627 | = | 0.0% |
| Other amounts receivable | 41 | €74,627 | €74,627 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,463 | €23,347 | -€40,116 | -63.2% |
| Deferred charges and accrued income | 490/1 | €10,000 | €10,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €758,894 | €486,198 | -€272,696 | -35.9% |
| Equity | 10/15 | -€61,849 | -€74,169 | -€12,319 | -19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,899 | €5,899 | = | 0.0% |
| Distributable reserves | 133 | €5,899 | €5,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,749 | -€90,068 | -€12,319 | -15.8% |
| Amounts payable | 17/49 | €820,743 | €560,366 | -€260,377 | -31.7% |
| Amounts payable within one year | 42/48 | €820,743 | €560,366 | -€260,377 | -31.7% |
| Financial debts | 43 | €418,500 | €190,000 | -€228,500 | -54.6% |
| Credit institutions | 430/8 | €418,500 | €190,000 | -€228,500 | -54.6% |
| Trade debts | 44 | €43,077 | €16,781 | -€26,295 | -61.0% |
| Suppliers | 440/4 | €43,077 | €16,781 | -€26,295 | -61.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €359,166 | €353,585 | -€5,581 | -1.6% |
| Other operating charges | 640/8 | €3,873 | €547 | -€3,325 | -85.9% |
| Gross operating margin | 9900 | €27,072 | €24,911 | -€2,161 | -8.0% |
| Operating profit (loss) | 9901 | €23,199 | €24,363 | +€1,165 | +5.0% |
| Financial income | 75/76B | €2,310 | €0 | -€2,310 | -100.0% |
| Recurring financial income | 75 | €2,310 | €0 | -€2,310 | -100.0% |
| Financial charges | 65/66B | €45,343 | €36,683 | -€8,660 | -19.1% |
| Recurring financial charges | 65 | €45,343 | €36,683 | -€8,660 | -19.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€19,834 | -€12,319 | +€7,515 | +37.9% |
| Profit (loss) for the period | 9904 | -€19,834 | -€12,319 | +€7,515 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,834 | -€12,319 | +€7,515 | +37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.