GT HARDWARE: 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 HARDWARE
Largest movements
- Receivables within one year -€9,320
down €9,320 (-4.1%), from €228,090 to €218,770
of which Other amounts receivable: -€5,642
- Cash +€4,808
up €4,808 (+249%), from €1,932 to €6,740
mainly Net result for the year (+€29,871) and Depreciation (+€16,266)
- Debts after one year -€13,988
down €13,988 (-51.6%), from €27,131 to €13,143
- Profit (loss) carried forward +€13,871
up €13,871 (+6.7%), from €208,555 to €222,426
- Trade debts -€5,384
down €5,384 (-53.0%), from €10,168 to €4,783
- Current portion of long-term debt -€5,183
down €5,183 (-36.3%), from €14,285 to €9,102
- Other debts +€4,361
up €4,361 (+37.5%), from €11,639 to €16,000
- Gross operating margin +€17,947
up €17,947 (+38.8%), from €46,264 to €64,212
- Taxes +€5,120
up €5,120 (+58.0%), from €8,830 to €13,950
- Depreciation +€2,529
up €2,529 (+18.4%), from €13,737 to €16,266
- Other operating charges +€888
up €888 (+149%), from €596 to €1,485
- Financial income +€826
up €826 (+344,017%), from €0 to €826
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 | €299,418 | €293,222 | -€6,197 | -2.1% |
| Fixed assets | 21/28 | €68,567 | €67,021 | -€1,546 | -2.3% |
| Tangible fixed assets | 22/27 | €68,567 | €67,021 | -€1,546 | -2.3% |
| Land and buildings | 22 | €34,569 | €30,698 | -€3,871 | -11.2% |
| Plant, machinery and equipment | 23 | €27,152 | €32,860 | +€5,709 | +21.0% |
| Furniture and vehicles | 24 | €6,847 | €3,463 | -€3,384 | -49.4% |
| Current assets | 29/58 | €230,851 | €226,200 | -€4,651 | -2.0% |
| Amounts receivable within one year | 40/41 | €228,090 | €218,770 | -€9,320 | -4.1% |
| Trade receivables | 40 | €58,905 | €55,227 | -€3,678 | -6.2% |
| Other amounts receivable | 41 | €169,185 | €163,544 | -€5,642 | -3.3% |
| Cash at bank and in hand | 54/58 | €1,932 | €6,740 | +€4,808 | +249% |
| Deferred charges and accrued income | 490/1 | €829 | €690 | -€139 | -16.8% |
| Total equity and liabilities | 10/49 | €299,418 | €293,222 | -€6,197 | -2.1% |
| Equity | 10/15 | €211,055 | €224,926 | +€13,871 | +6.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,555 | €222,426 | +€13,871 | +6.7% |
| Amounts payable | 17/49 | €88,364 | €68,296 | -€20,068 | -22.7% |
| Amounts payable after more than one year | 17 | €27,131 | €13,143 | -€13,988 | -51.6% |
| Financial debts | 170/4 | €27,131 | €13,143 | -€13,988 | -51.6% |
| Amounts payable within one year | 42/48 | €61,232 | €55,153 | -€6,080 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €14,285 | €9,102 | -€5,183 | -36.3% |
| Trade debts | 44 | €10,168 | €4,783 | -€5,384 | -53.0% |
| Suppliers | 440/4 | €10,168 | €4,783 | -€5,384 | -53.0% |
| Taxes, remuneration and social security | 45 | €25,141 | €25,267 | +€126 | +0.5% |
| Taxes | 450/3 | €25,141 | €25,267 | +€126 | +0.5% |
| Other amounts payable | 47/48 | €11,639 | €16,000 | +€4,361 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,737 | €16,266 | +€2,529 | +18.4% |
| Other operating charges | 640/8 | €596 | €1,485 | +€888 | +149% |
| Gross operating margin | 9900 | €46,264 | €64,212 | +€17,947 | +38.8% |
| Operating profit (loss) | 9901 | €31,931 | €46,461 | +€14,530 | +45.5% |
| Financial income | 75/76B | €0 | €826 | +€826 | +344,017% |
| Recurring financial income | 75 | €0 | €826 | +€826 | +344,017% |
| Financial charges | 65/66B | €3,838 | €3,467 | -€372 | -9.7% |
| Recurring financial charges | 65 | €3,838 | €3,467 | -€372 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €28,093 | €43,821 | +€15,728 | +56.0% |
| Income taxes | 67/77 | €8,830 | €13,950 | +€5,120 | +58.0% |
| Profit (loss) for the period | 9904 | €19,263 | €29,871 | +€10,608 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,263 | €29,871 | +€10,608 | +55.1% |
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 13 October 2026 via checked.be.