GT AUTOMOBILE: what changed
GT AUTOMOBILE
Largest movements
- Receivables within one year -€7,908
down €7,908 (-61.6%), from €12,847 to €4,939
of which Trade receivables: -€11,261
- Tangible fixed assets -€4,744
down €4,744 (-40.0%), from €11,861 to €7,117
- Cash +€2,453
up €2,453 (+17.3%), from €14,189 to €16,642
mainly Receivables within one year (+€7,908) and Depreciation (+€4,744)
- Financial fixed assets +€450
up €450 (+91.8%), from €490 to €940
- Profit (loss) carried forward -€6,523
down €6,523 (-29.4%), from €22,156 to €15,633
- Tax, wage and social debts -€2,260
down €2,260 (-24.5%), from €9,230 to €6,970
of which Taxes: -€2,529
- Trade debts -€868
down €868 (-17.4%), from €5,001 to €4,133
- Purchases and services +€101,514
up €101,514 (+83.5%), from €121,535 to €223,049
- Gross operating margin -€40,810
down €40,810 (-97.9%), from €41,670 to €860
- Taxes -€6,700
no longer reported in 2024 (was €6,700)
- Other operating charges -€5,620
down €5,620 (-80.4%), from €6,994 to €1,374
- Financial charges +€1,444
up €1,444 (+1,278%), from €113 to €1,557
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,387 | €29,736 | -€9,651 | -24.5% |
| Fixed assets | 21/28 | €12,351 | €8,057 | -€4,294 | -34.8% |
| Tangible fixed assets | 22/27 | €11,861 | €7,117 | -€4,744 | -40.0% |
| Furniture and vehicles | 24 | €11,861 | €7,117 | -€4,744 | -40.0% |
| Financial fixed assets | 28 | €490 | €940 | +€450 | +91.8% |
| Current assets | 29/58 | €27,036 | €21,679 | -€5,357 | -19.8% |
| Amounts receivable within one year | 40/41 | €12,847 | €4,939 | -€7,908 | -61.6% |
| Trade receivables | 40 | €11,461 | €200 | -€11,261 | -98.3% |
| Other amounts receivable | 41 | €1,386 | €4,739 | +€3,353 | +242% |
| Cash at bank and in hand | 54/58 | €14,189 | €16,642 | +€2,453 | +17.3% |
| Deferred charges and accrued income | 490/1 | - | €98 | +€98 | |
| Total equity and liabilities | 10/49 | €39,387 | €29,736 | -€9,651 | -24.5% |
| Equity | 10/15 | €25,156 | €18,633 | -€6,523 | -25.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,156 | €15,633 | -€6,523 | -29.4% |
| Amounts payable | 17/49 | €14,231 | €11,103 | -€3,128 | -22.0% |
| Amounts payable within one year | 42/48 | €14,231 | €11,103 | -€3,128 | -22.0% |
| Trade debts | 44 | €5,001 | €4,133 | -€868 | -17.4% |
| Suppliers | 440/4 | €5,001 | €4,133 | -€868 | -17.4% |
| Taxes, remuneration and social security | 45 | €9,230 | €6,970 | -€2,260 | -24.5% |
| Taxes | 450/3 | €9,230 | €6,701 | -€2,529 | -27.4% |
| Remuneration and social security | 454/9 | - | €269 | +€269 | |
| Goods, raw materials, services and sundry goods | 60/61 | €121,535 | €223,049 | +€101,514 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,778 | €4,744 | -€1,034 | -17.9% |
| Other operating charges | 640/8 | €6,994 | €1,374 | -€5,620 | -80.4% |
| Gross operating margin | 9900 | €41,670 | €860 | -€40,810 | -97.9% |
| Operating profit (loss) | 9901 | €28,898 | -€5,258 | -€34,156 | |
| Financial income | 75/76B | €71 | €292 | +€221 | +311% |
| Recurring financial income | 75 | €71 | €292 | +€221 | +311% |
| Financial charges | 65/66B | €113 | €1,557 | +€1,444 | +1,278% |
| Recurring financial charges | 65 | €113 | €1,557 | +€1,444 | +1,278% |
| Profit (loss) for the period before taxes | 9903 | €28,856 | -€6,523 | -€35,379 | |
| Income taxes | 67/77 | €6,700 | - | -€6,700 | |
| Profit (loss) for the period | 9904 | €22,156 | -€6,523 | -€28,679 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,156 | -€6,523 | -€28,679 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.