GT Global: 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 Global
Largest movements
- Tangible fixed assets -€12,185
down €12,185 (-33.7%), from €36,185 to €24,000
- Receivables within one year -€9,102
down €9,102 (-43.9%), from €20,734 to €11,632
- Cash +€5,044
up €5,044 (+41.5%), from €12,152 to €17,196
mainly Depreciation (+€16,185) and Other debts (+€10,070)
- Intangible fixed assets -€4,000
down €4,000 (-33.3%), from €12,000 to €8,000
- Profit (loss) carried forward -€22,714
down €22,714 (-24.9%), from -€91,304 to -€114,018
- Other debts +€10,070
up €10,070 (+7.0%), from €143,372 to €153,441
- Trade debts -€5,432
down €5,432 (-65.8%), from €8,255 to €2,823
- Accrued charges and deferred income -€2,700
no longer reported in 2025 (was €2,700)
- Gross operating margin -€31,704
down €31,704, from €29,941 to -€1,763
- Financial charges -€8,938
down €8,938 (-95.1%), from €9,401 to €463
- Other operating charges +€2,772
up €2,772 (+263%), from €1,053 to €3,825
- Staff costs -€358
down €358 (-42.8%), from €836 to €478
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 | €81,865 | €61,726 | -€20,139 | -24.6% |
| Fixed assets | 21/28 | €48,185 | €32,000 | -€16,185 | -33.6% |
| Intangible fixed assets | 21 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Tangible fixed assets | 22/27 | €36,185 | €24,000 | -€12,185 | -33.7% |
| Plant, machinery and equipment | 23 | €36,185 | €24,000 | -€12,185 | -33.7% |
| Current assets | 29/58 | €33,681 | €29,726 | -€3,954 | -11.7% |
| Amounts receivable within one year | 40/41 | €20,734 | €11,632 | -€9,102 | -43.9% |
| Trade receivables | 40 | €20,734 | €11,632 | -€9,102 | -43.9% |
| Cash at bank and in hand | 54/58 | €12,152 | €17,196 | +€5,044 | +41.5% |
| Deferred charges and accrued income | 490/1 | €794 | €898 | +€104 | +13.1% |
| Total equity and liabilities | 10/49 | €81,865 | €61,726 | -€20,139 | -24.6% |
| Equity | 10/15 | -€74,804 | -€97,518 | -€22,714 | -30.4% |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,304 | -€114,018 | -€22,714 | -24.9% |
| Amounts payable | 17/49 | €156,670 | €159,244 | +€2,575 | +1.6% |
| Amounts payable within one year | 42/48 | €153,970 | €159,244 | +€5,275 | +3.4% |
| Trade debts | 44 | €8,255 | €2,823 | -€5,432 | -65.8% |
| Suppliers | 440/4 | €8,255 | €2,823 | -€5,432 | -65.8% |
| Taxes, remuneration and social security | 45 | €2,343 | €2,980 | +€637 | +27.2% |
| Taxes | 450/3 | €2,137 | €2,980 | +€843 | +39.4% |
| Remuneration and social security | 454/9 | €206 | - | -€206 | |
| Other amounts payable | 47/48 | €143,372 | €153,441 | +€10,070 | +7.0% |
| Accrued charges and deferred income | 492/3 | €2,700 | - | -€2,700 | |
| Remuneration, social security and pensions | 62 | €836 | €478 | -€358 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,369 | €16,185 | -€184 | -1.1% |
| Other operating charges | 640/8 | €1,053 | €3,825 | +€2,772 | +263% |
| Gross operating margin | 9900 | €29,941 | -€1,763 | -€31,704 | |
| Operating profit (loss) | 9901 | €11,683 | -€22,251 | -€33,934 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €9,401 | €463 | -€8,938 | -95.1% |
| Recurring financial charges | 65 | €9,401 | €463 | -€8,938 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €2,287 | -€22,714 | -€25,001 | |
| Profit (loss) for the period | 9904 | €2,287 | -€22,714 | -€25,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,287 | -€22,714 | -€25,001 |
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 19 October 2026 via checked.be.