GT Classics: 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.
GT Classics
Largest movements
- Stocks and contracts -€916,648
down €916,648 (-33.1%), from €2.8m to €1.9m
of which Contracts in progress: -€1.2m
- Receivables within one year +€379,424
up €379,424 (+192.5%), from €197,063 to €576,487
of which Other amounts receivable: +€251,338
- Tangible fixed assets -€41,880
down €41,880 (-6.7%), from €627,093 to €585,213
of which Land and buildings: -€42,216
- Other debts -€585,726
down €585,726 (-100.0%), from €585,726 to €0
- Advances received +€390,600
up €390,600 (+14.7%), from €2.7m to €3.1m
- Profit (loss) carried forward -€229,004
down €229,004 (-21.4%), from -€1.1m to -€1.3m
- Trade debts -€173,400
down €173,400 (-47.7%), from €363,432 to €190,032
- Staff costs -€21,255
down €21,255 (-21.4%), from €99,092 to €77,838
- Gross operating margin +€9,496
up €9,496 (+18.9%), from -€50,252 to -€40,755
- Depreciation +€1,458
up €1,458 (+3.5%), from €42,160 to €43,618
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,625,821 | €3,022,611 | -€603,210 | -16.6% |
| Fixed assets | 21/28 | €654,693 | €586,713 | -€67,980 | -10.4% |
| Tangible fixed assets | 22/27 | €627,093 | €585,213 | -€41,880 | -6.7% |
| Land and buildings | 22 | €616,646 | €574,430 | -€42,216 | -6.8% |
| Other tangible fixed assets | 26 | €10,447 | €10,783 | +€336 | +3.2% |
| Financial fixed assets | 28 | €27,600 | €1,500 | -€26,100 | -94.6% |
| Current assets | 29/58 | €2,971,128 | €2,435,898 | -€535,230 | -18.0% |
| Stocks and contracts in progress | 3 | €2,771,564 | €1,854,916 | -€916,648 | -33.1% |
| Stocks | 30/36 | €1,541,030 | €1,839,174 | +€298,144 | +19.3% |
| Contracts in progress | 37 | €1,230,534 | €15,743 | -€1.2m | -98.7% |
| Amounts receivable within one year | 40/41 | €197,063 | €576,487 | +€379,424 | +192.5% |
| Trade receivables | 40 | €162,956 | €291,042 | +€128,086 | +78.6% |
| Other amounts receivable | 41 | €34,107 | €285,445 | +€251,338 | +736.9% |
| Cash at bank and in hand | 54/58 | €2,500 | €4,494 | +€1,994 | +79.7% |
| Total equity and liabilities | 10/49 | €3,625,821 | €3,022,611 | -€603,210 | -16.6% |
| Equity | 10/15 | -€102,558 | -€331,562 | -€229,004 | -223.3% |
| Contributions | 10/11 | €968,600 | €968,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,071,158 | -€1,300,162 | -€229,004 | -21.4% |
| Amounts payable | 17/49 | €3,728,379 | €3,354,173 | -€374,206 | -10.0% |
| Amounts payable within one year | 42/48 | €3,622,878 | €3,248,672 | -€374,206 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €340 | +€340 | |
| Credit institutions | 430/8 | €0 | €340 | +€340 | |
| Trade debts | 44 | €363,432 | €190,032 | -€173,400 | -47.7% |
| Suppliers | 440/4 | €363,432 | €190,032 | -€173,400 | -47.7% |
| Advances received on contracts in progress | 46 | €2,662,333 | €3,052,933 | +€390,600 | +14.7% |
| Taxes, remuneration and social security | 45 | €11,387 | €5,367 | -€6,020 | -52.9% |
| Remuneration and social security | 454/9 | €11,387 | €5,367 | -€6,020 | -52.9% |
| Other amounts payable | 47/48 | €585,726 | €0 | -€585,726 | -100.0% |
| Accrued charges and deferred income | 492/3 | €105,501 | €105,501 | = | 0.0% |
| Non-recurring operating income | 76A | - | €19,398 | +€19,398 | |
| Remuneration, social security and pensions | 62 | €99,092 | €77,838 | -€21,255 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,160 | €43,618 | +€1,458 | +3.5% |
| Other operating charges | 640/8 | €4,329 | €4,608 | +€279 | +6.4% |
| Non-recurring operating charges | 66A | - | €62,054 | +€62,054 | |
| Gross operating margin | 9900 | -€50,252 | -€40,755 | +€9,496 | +18.9% |
| Operating profit (loss) | 9901 | -€195,833 | -€228,873 | -€33,040 | -16.9% |
| Financial income | 75/76B | €49 | €129 | +€80 | +162.3% |
| Recurring financial income | 75 | €49 | €129 | +€80 | +162.3% |
| Financial charges | 65/66B | €323 | €260 | -€63 | -19.6% |
| Recurring financial charges | 65 | €323 | €260 | -€63 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€196,107 | -€229,004 | -€32,897 | -16.8% |
| Profit (loss) for the period | 9904 | -€196,107 | -€229,004 | -€32,897 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€196,107 | -€229,004 | -€32,897 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.