GT Alternative SRL: 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 Alternative SRL
Largest movements
- Cash -€18,039
down €18,039 (-85.8%), from €21,019 to €2,980
mainly Tax, wage and social debts (-€17,282) and Net result for the year (-€10,321)
- Stocks and contracts -€10,306
down €10,306 (-24.5%), from €41,997 to €31,690
- Receivables within one year +€9,640
up €9,640 (+82.4%), from €11,693 to €21,333
of which Trade receivables: +€9,456
- Tangible fixed assets -€972
down €972 (-4.8%), from €20,072 to €19,100
of which Land and buildings: -€611
- Tax, wage and social debts -€17,282
down €17,282 (-80.0%), from €21,607 to €4,326
- Profit (loss) carried forward -€10,321
down €10,321 (-27.6%), from €37,430 to €27,108
- Other debts +€9,809
up €9,809 (+29.6%), from €33,165 to €42,974
- Trade debts -€1,433
down €1,433 (-68.9%), from €2,079 to €646
- Gross operating margin -€55,844
down €55,844, from €50,979 to -€4,865
- Taxes -€9,463
no longer reported in 2025 (was €9,463)
- Depreciation +€2,295
up €2,295 (+137%), from €1,679 to €3,974
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 | €94,781 | €75,554 | -€19,227 | -20.3% |
| Fixed assets | 21/28 | €20,072 | €19,550 | -€522 | -2.6% |
| Tangible fixed assets | 22/27 | €20,072 | €19,100 | -€972 | -4.8% |
| Land and buildings | 22 | €11,896 | €11,286 | -€611 | -5.1% |
| Plant, machinery and equipment | 23 | €7,098 | €6,490 | -€607 | -8.6% |
| Furniture and vehicles | 24 | €1,078 | €1,324 | +€246 | +22.8% |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €74,709 | €56,004 | -€18,705 | -25.0% |
| Stocks and contracts in progress | 3 | €41,997 | €31,690 | -€10,306 | -24.5% |
| Stocks | 30/36 | €41,997 | €31,690 | -€10,306 | -24.5% |
| Amounts receivable within one year | 40/41 | €11,693 | €21,333 | +€9,640 | +82.4% |
| Trade receivables | 40 | €11,693 | €21,149 | +€9,456 | +80.9% |
| Other amounts receivable | 41 | - | €184 | +€184 | |
| Cash at bank and in hand | 54/58 | €21,019 | €2,980 | -€18,039 | -85.8% |
| Total equity and liabilities | 10/49 | €94,781 | €75,554 | -€19,227 | -20.3% |
| Equity | 10/15 | €37,930 | €27,608 | -€10,321 | -27.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,430 | €27,108 | -€10,321 | -27.6% |
| Amounts payable | 17/49 | €56,852 | €47,946 | -€8,906 | -15.7% |
| Amounts payable within one year | 42/48 | €56,852 | €47,946 | -€8,906 | -15.7% |
| Trade debts | 44 | €2,079 | €646 | -€1,433 | -68.9% |
| Suppliers | 440/4 | €2,079 | €646 | -€1,433 | -68.9% |
| Taxes, remuneration and social security | 45 | €21,607 | €4,326 | -€17,282 | -80.0% |
| Taxes | 450/3 | €21,607 | €4,326 | -€17,282 | -80.0% |
| Other amounts payable | 47/48 | €33,165 | €42,974 | +€9,809 | +29.6% |
| Remuneration, social security and pensions | 62 | €312 | €190 | -€122 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,679 | €3,974 | +€2,295 | +137% |
| Gross operating margin | 9900 | €50,979 | -€4,865 | -€55,844 | |
| Operating profit (loss) | 9901 | €48,988 | -€9,029 | -€58,017 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,295 | €1,293 | -€2 | -0.1% |
| Recurring financial charges | 65 | €1,295 | €1,293 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €47,693 | -€10,321 | -€58,014 | |
| Income taxes | 67/77 | €9,463 | - | -€9,463 | |
| Profit (loss) for the period | 9904 | €38,230 | -€10,321 | -€48,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,230 | -€10,321 | -€48,551 |
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 27 October 2026 via checked.be.