GT Industries: 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 Industries
Largest movements
- Cash +€73,998
up €73,998 (+184%), from €40,308 to €114,306
mainly Trade debts (+€86,089) and Net result for the year (+€18,248)
- Receivables within one year +€31,464
up €31,464 (+252%), from €12,476 to €43,940
of which Other amounts receivable: +€20,729
- Trade debts +€86,089
up €86,089 (+769%), from €11,198 to €97,287
- Profit (loss) carried forward +€18,248
up €18,248 (+153%), from €11,900 to €30,148
- Tax, wage and social debts +€1,816
up €1,816 (+44.9%), from €4,043 to €5,859
- Gross operating margin +€10,857
up €10,857 (+72.7%), from €14,927 to €25,785
- Taxes +€2,864
up €2,864 (+95.6%), from €2,996 to €5,859
- Other operating charges +€1,282
new in 2024: €1,282
- Financial charges +€717
up €717 (+2,240%), from €32 to €749
- Financial income +€651
new in 2024: €651
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.
Derived cash bridge
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 | €52,784 | €159,787 | +€107,003 | +203% |
| Fixed assets | 21/28 | - | €1,541 | +€1,541 | |
| Tangible fixed assets | 22/27 | - | €776 | +€776 | |
| Plant, machinery and equipment | 23 | - | €776 | +€776 | |
| Financial fixed assets | 28 | - | €765 | +€765 | |
| Current assets | 29/58 | €52,784 | €158,246 | +€105,462 | +200% |
| Amounts receivable within one year | 40/41 | €12,476 | €43,940 | +€31,464 | +252% |
| Trade receivables | 40 | €12,144 | €22,878 | +€10,734 | +88.4% |
| Other amounts receivable | 41 | €332 | €21,062 | +€20,729 | +6,235% |
| Cash at bank and in hand | 54/58 | €40,308 | €114,306 | +€73,998 | +184% |
| Total equity and liabilities | 10/49 | €52,784 | €159,787 | +€107,003 | +203% |
| Equity | 10/15 | €13,100 | €31,348 | +€18,248 | +139% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,900 | €30,148 | +€18,248 | +153% |
| Amounts payable | 17/49 | €39,685 | €128,440 | +€88,755 | +224% |
| Amounts payable within one year | 42/48 | €39,685 | €128,440 | +€88,755 | +224% |
| Trade debts | 44 | €11,198 | €97,287 | +€86,089 | +769% |
| Suppliers | 440/4 | €11,198 | €97,287 | +€86,089 | +769% |
| Taxes, remuneration and social security | 45 | €4,043 | €5,859 | +€1,816 | +44.9% |
| Taxes | 450/3 | €4,043 | €5,859 | +€1,816 | +44.9% |
| Other amounts payable | 47/48 | €24,443 | €25,293 | +€850 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €297 | +€297 | |
| Other operating charges | 640/8 | - | €1,282 | +€1,282 | |
| Gross operating margin | 9900 | €14,927 | €25,785 | +€10,857 | +72.7% |
| Operating profit (loss) | 9901 | €14,927 | €24,205 | +€9,278 | +62.2% |
| Financial income | 75/76B | - | €651 | +€651 | |
| Recurring financial income | 75 | - | €651 | +€651 | |
| Financial charges | 65/66B | €32 | €749 | +€717 | +2,240% |
| Recurring financial charges | 65 | €32 | €749 | +€717 | +2,240% |
| Profit (loss) for the period before taxes | 9903 | €14,895 | €24,107 | +€9,212 | +61.8% |
| Income taxes | 67/77 | €2,996 | €5,859 | +€2,864 | +95.6% |
| Profit (loss) for the period | 9904 | €11,900 | €18,248 | +€6,348 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,900 | €18,248 | +€6,348 | +53.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.