GT COATING: 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 COATING
Largest movements
- Receivables within one year +€113,400
up €113,400 (+235%), from €48,330 to €161,730
of which Other amounts receivable: +€65,000
- Cash +€41,781
up €41,781 (+814%), from €5,134 to €46,915
mainly Net result for the year (+€390,711) and Trade debts (+€18,922)
- Current investments +€40,000
new in 2025: €40,000
- Reserves +€390,711
up €390,711 (+148%), from €264,161 to €654,873
- Debts after one year -€220,000
down €220,000 (-11.3%), from €2.0m to €1.7m
- Services and other goods -€60,948
down €60,948 (-23.7%), from €257,371 to €196,423
- Turnover +€40,000
up €40,000 (+9.1%), from €440,000 to €480,000
- Financial income +€35,513
up €35,513 (+15.8%), from €225,237 to €260,750
- Taxes +€30,400
up €30,400 (+231%), from €13,170 to €43,570
- Financial charges -€20,213
down €20,213 (-15.6%), from €129,621 to €109,408
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 | €2,693,604 | €2,889,468 | +€195,863 | +7.3% |
| Fixed assets | 21/28 | €2,640,000 | €2,640,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,640,000 | €2,640,000 | = | 0.0% |
| Affiliated companies | 280/1 | €2,640,000 | €2,640,000 | = | 0.0% |
| Participating interests | 280 | €2,640,000 | €2,640,000 | = | 0.0% |
| Current assets | 29/58 | €53,604 | €249,468 | +€195,863 | +365% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €48,330 | €161,730 | +€113,400 | +235% |
| Trade receivables | 40 | - | €48,400 | +€48,400 | |
| Other amounts receivable | 41 | €48,330 | €113,330 | +€65,000 | +134% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Other investments | 51/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €5,134 | €46,915 | +€41,781 | +814% |
| Deferred charges and accrued income | 490/1 | €140 | €822 | +€682 | +486% |
| Total equity and liabilities | 10/49 | €2,693,604 | €2,889,468 | +€195,863 | +7.3% |
| Equity | 10/15 | €514,161 | €904,873 | +€390,711 | +76.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €264,161 | €654,873 | +€390,711 | +148% |
| Distributable reserves | 133 | €264,161 | €654,873 | +€390,711 | +148% |
| Amounts payable | 17/49 | €2,179,443 | €1,984,595 | -€194,848 | -8.9% |
| Amounts payable after more than one year | 17 | €1,950,000 | €1,730,000 | -€220,000 | -11.3% |
| Financial debts | 170/4 | €1,950,000 | €1,730,000 | -€220,000 | -11.3% |
| Subordinated loans | 170 | €1,070,000 | €1,070,000 | = | 0.0% |
| Credit institutions | 173 | €880,000 | €660,000 | -€220,000 | -25.0% |
| Amounts payable within one year | 42/48 | €225,222 | €249,723 | +€24,501 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €220,000 | €220,000 | = | 0.0% |
| Trade debts | 44 | €550 | €19,472 | +€18,922 | +3,438% |
| Suppliers | 440/4 | €550 | €19,472 | +€18,922 | +3,438% |
| Taxes, remuneration and social security | 45 | €2,935 | €8,594 | +€5,660 | +193% |
| Taxes | 450/3 | €2,935 | €8,594 | +€5,660 | +193% |
| Other amounts payable | 47/48 | €1,737 | €1,657 | -€80 | -4.6% |
| Accrued charges and deferred income | 492/3 | €4,221 | €4,872 | +€650 | +15.4% |
| Operating income | 70/76A | €440,000 | €480,000 | +€40,000 | +9.1% |
| Turnover | 70 | €440,000 | €480,000 | +€40,000 | +9.1% |
| Operating charges | 60/66A | €258,284 | €197,060 | -€61,224 | -23.7% |
| Services and other goods | 61 | €257,371 | €196,423 | -€60,948 | -23.7% |
| Other operating charges | 640/8 | €913 | €637 | -€276 | -30.3% |
| Operating profit (loss) | 9901 | €181,716 | €282,940 | +€101,224 | +55.7% |
| Financial income | 75/76B | €225,237 | €260,750 | +€35,513 | +15.8% |
| Recurring financial income | 75 | €225,237 | €260,750 | +€35,513 | +15.8% |
| Income from financial fixed assets | 750 | €225,000 | €260,000 | +€35,000 | +15.6% |
| Income from current assets | 751 | €237 | €750 | +€513 | +217% |
| Financial charges | 65/66B | €129,621 | €109,408 | -€20,213 | -15.6% |
| Recurring financial charges | 65 | €129,621 | €109,408 | -€20,213 | -15.6% |
| Debt charges | 650 | €127,188 | €108,289 | -€18,899 | -14.9% |
| Other financial charges | 652/9 | €2,433 | €1,119 | -€1,314 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €277,332 | €434,282 | +€156,950 | +56.6% |
| Income taxes | 67/77 | €13,170 | €43,570 | +€30,400 | +231% |
| Taxes | 670/3 | €13,170 | €43,570 | +€30,400 | +231% |
| Profit (loss) for the period | 9904 | €264,161 | €390,711 | +€126,550 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €264,161 | €390,711 | +€126,550 | +47.9% |
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 22 October 2026 via checked.be.