GT 25: 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.
GT 25
Largest movements
- Receivables within one year -€4,475
down €4,475 (-72.8%), from €6,144 to €1,669
of which Trade receivables: -€4,927
- Cash +€938
up €938 (+39.7%), from €2,364 to €3,302
mainly Other debts (+€13,535) and Trade debts (+€6,780)
- Tangible fixed assets -€265
no longer reported in 2023 (was €265)
- Profit (loss) carried forward -€23,246
down €23,246 (-47.9%), from -€48,544 to -€71,790
- Other debts +€13,535
up €13,535 (+38.8%), from €34,853 to €48,389
- Trade debts +€6,780
up €6,780 (+380%), from €1,783 to €8,563
- Tax, wage and social debts -€872
down €872 (-14.7%), from €5,943 to €5,071
of which Taxes: -€3,393
- Gross operating margin -€9,135
down €9,135 (-81.1%), from €11,257 to €2,122
- Staff costs +€8,550
up €8,550 (+60.0%), from €14,261 to €22,811
- Financial income +€4,989
up €4,989 (+15,995%), from €31 to €5,020
of which Financial income: +€4,989
- Financial charges +€4,666
up €4,666, from €0 to €4,666
- Other operating charges +€589
up €589 (+28.6%), from €2,057 to €2,646
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,635 | €8,832 | -€3,803 | -30.1% |
| Fixed assets | 21/28 | €525 | €260 | -€265 | -50.5% |
| Tangible fixed assets | 22/27 | €265 | - | -€265 | |
| Plant, machinery and equipment | 23 | €265 | - | -€265 | |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €12,110 | €8,573 | -€3,538 | -29.2% |
| Stocks and contracts in progress | 3 | €2,165 | €2,165 | = | 0.0% |
| Stocks | 30/36 | €2,165 | €2,165 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,144 | €1,669 | -€4,475 | -72.8% |
| Trade receivables | 40 | €5,087 | €161 | -€4,927 | -96.8% |
| Other amounts receivable | 41 | €1,057 | €1,508 | +€451 | +42.7% |
| Cash at bank and in hand | 54/58 | €2,364 | €3,302 | +€938 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,437 | €1,437 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,635 | €8,832 | -€3,803 | -30.1% |
| Equity | 10/15 | -€29,944 | -€53,190 | -€23,246 | -77.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,544 | -€71,790 | -€23,246 | -47.9% |
| Amounts payable | 17/49 | €42,579 | €62,022 | +€19,443 | +45.7% |
| Amounts payable within one year | 42/48 | €42,579 | €62,022 | +€19,443 | +45.7% |
| Trade debts | 44 | €1,783 | €8,563 | +€6,780 | +380% |
| Suppliers | 440/4 | €1,783 | €8,563 | +€6,780 | +380% |
| Taxes, remuneration and social security | 45 | €5,943 | €5,071 | -€872 | -14.7% |
| Taxes | 450/3 | €4,757 | €1,364 | -€3,393 | -71.3% |
| Remuneration and social security | 454/9 | €1,185 | €3,707 | +€2,522 | +213% |
| Other amounts payable | 47/48 | €34,853 | €48,389 | +€13,535 | +38.8% |
| Remuneration, social security and pensions | 62 | €14,261 | €22,811 | +€8,550 | +60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €265 | = | 0.0% |
| Other operating charges | 640/8 | €2,057 | €2,646 | +€589 | +28.6% |
| Gross operating margin | 9900 | €11,257 | €2,122 | -€9,135 | -81.1% |
| Operating profit (loss) | 9901 | -€5,325 | -€23,600 | -€18,274 | -343% |
| Financial income | 75/76B | €31 | €5,020 | +€4,989 | +15,995% |
| Recurring financial income | 75 | €31 | €5,020 | +€4,989 | +15,995% |
| Non-recurring financial income | 76B | €31 | - | -€31 | |
| Financial charges | 65/66B | €0 | €4,666 | +€4,666 | |
| Recurring financial charges | 65 | €0 | €4,666 | +€4,666 | |
| Profit (loss) for the period before taxes | 9903 | -€5,294 | -€23,246 | -€17,952 | -339% |
| Profit (loss) for the period | 9904 | -€5,294 | -€23,246 | -€17,952 | -339% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,294 | -€23,246 | -€17,952 | -339% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.