GT Elec: 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 Elec
Largest movements
- Tangible fixed assets +€9,790
up €9,790 (+8.9%), from €110,107 to €119,897
of which Furniture and vehicles: +€9,741
- Receivables within one year +€7,298
up €7,298 (+341%), from €2,139 to €9,437
of which Trade receivables: +€7,610
- Cash -€5,642
down €5,642 (-93.5%), from €6,032 to €390
mainly Investment in fixed assets (net) (-€18,052) and Advances received (-€9,593)
- Intangible fixed assets -€3,700
down €3,700 (-13.9%), from €26,539 to €22,839
- Profit (loss) carried forward +€12,660
up €12,660 (+56.8%), from -€22,280 to -€9,620
- Advances received -€9,593
down €9,593 (-51.2%), from €18,749 to €9,156
- Trade debts +€3,273
up €3,273 (+46.1%), from €7,099 to €10,372
- Debts after one year -€2,344
down €2,344 (-1.9%), from €124,848 to €122,504
of which Financial debts: -€11,600
- Tax, wage and social debts +€2,107
up €2,107 (+43.0%), from €4,903 to €7,009
- Gross operating margin +€21,581
up €21,581 (+398%), from €5,421 to €27,002
- Depreciation -€3,059
down €3,059 (-19.6%), from €15,638 to €12,579
- Financial income +€2,489
up €2,489 (+329%), from €756 to €3,245
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 | €150,945 | €157,474 | +€6,529 | +4.3% |
| Formation expenses | 20 | €1,541 | €925 | -€616 | -40.0% |
| Fixed assets | 21/28 | €136,646 | €142,736 | +€6,090 | +4.5% |
| Intangible fixed assets | 21 | €26,539 | €22,839 | -€3,700 | -13.9% |
| Tangible fixed assets | 22/27 | €110,107 | €119,897 | +€9,790 | +8.9% |
| Plant, machinery and equipment | 23 | €6,493 | €2,021 | -€4,472 | -68.9% |
| Furniture and vehicles | 24 | €8,002 | €17,743 | +€9,741 | +122% |
| Other tangible fixed assets | 26 | - | €4,520 | +€4,520 | |
| Assets under construction and advance payments | 27 | €95,612 | €95,612 | = | 0.0% |
| Current assets | 29/58 | €12,758 | €13,814 | +€1,056 | +8.3% |
| Stocks and contracts in progress | 3 | €3,266 | €3,266 | = | 0.0% |
| Stocks | 30/36 | €3,266 | €3,266 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,139 | €9,437 | +€7,298 | +341% |
| Trade receivables | 40 | €1,827 | €9,437 | +€7,610 | +417% |
| Other amounts receivable | 41 | €312 | - | -€312 | |
| Cash at bank and in hand | 54/58 | €6,032 | €390 | -€5,642 | -93.5% |
| Deferred charges and accrued income | 490/1 | €1,321 | €721 | -€600 | -45.5% |
| Total equity and liabilities | 10/49 | €150,945 | €157,474 | +€6,529 | +4.3% |
| Equity | 10/15 | -€19,280 | -€6,620 | +€12,660 | +65.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,280 | -€9,620 | +€12,660 | +56.8% |
| Amounts payable | 17/49 | €170,226 | €164,094 | -€6,131 | -3.6% |
| Amounts payable after more than one year | 17 | €124,848 | €122,504 | -€2,344 | -1.9% |
| Financial debts | 170/4 | €97,708 | €86,107 | -€11,600 | -11.9% |
| Other amounts payable | 178/9 | €27,140 | €36,396 | +€9,256 | +34.1% |
| Amounts payable within one year | 42/48 | €44,694 | €40,975 | -€3,719 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €13,943 | €14,438 | +€494 | +3.5% |
| Trade debts | 44 | €7,099 | €10,372 | +€3,273 | +46.1% |
| Suppliers | 440/4 | €7,099 | €10,372 | +€3,273 | +46.1% |
| Advances received on contracts in progress | 46 | €18,749 | €9,156 | -€9,593 | -51.2% |
| Taxes, remuneration and social security | 45 | €4,903 | €7,009 | +€2,107 | +43.0% |
| Taxes | 450/3 | €4,903 | €7,009 | +€2,107 | +43.0% |
| Accrued charges and deferred income | 492/3 | €684 | €616 | -€68 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,638 | €12,579 | -€3,059 | -19.6% |
| Other operating charges | 640/8 | €631 | €804 | +€172 | +27.3% |
| Gross operating margin | 9900 | €5,421 | €27,002 | +€21,581 | +398% |
| Operating profit (loss) | 9901 | -€10,849 | €13,619 | +€24,468 | |
| Financial income | 75/76B | €756 | €3,245 | +€2,489 | +329% |
| Recurring financial income | 75 | €756 | €3,245 | +€2,489 | +329% |
| Financial charges | 65/66B | €4,293 | €4,204 | -€89 | -2.1% |
| Recurring financial charges | 65 | €4,293 | €4,204 | -€89 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,386 | €12,660 | +€27,046 | |
| Profit (loss) for the period | 9904 | -€14,386 | €12,660 | +€27,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,386 | €12,660 | +€27,046 |
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 18 October 2026 via checked.be.