GT-IVST: 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-IVST
Largest movements
- Cash +€3,649
up €3,649 (+308%), from €1,183 to €4,832
mainly Other debts (+€5,985)
- Other debts +€5,985
up €5,985 (+175%), from €3,422 to €9,407
- Profit (loss) carried forward -€2,280
down €2,280 (-32.4%), from -€7,047 to -€9,327
- Trade debts -€56
down €56 (-3.1%), from €1,808 to €1,752
- Gross operating margin -€457
down €457 (-35.3%), from -€1,295 to -€1,752
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 | €1,183 | €4,832 | +€3,649 | +308% |
| Current assets | 29/58 | €1,183 | €4,832 | +€3,649 | +308% |
| Cash at bank and in hand | 54/58 | €1,183 | €4,832 | +€3,649 | +308% |
| Total equity and liabilities | 10/49 | €1,183 | €4,832 | +€3,649 | +308% |
| Equity | 10/15 | -€4,047 | -€6,327 | -€2,280 | -56.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,047 | -€9,327 | -€2,280 | -32.4% |
| Amounts payable | 17/49 | €5,230 | €11,159 | +€5,929 | +113% |
| Amounts payable within one year | 42/48 | €5,230 | €11,159 | +€5,929 | +113% |
| Trade debts | 44 | €1,808 | €1,752 | -€56 | -3.1% |
| Suppliers | 440/4 | €1,808 | €1,752 | -€56 | -3.1% |
| Other amounts payable | 47/48 | €3,422 | €9,407 | +€5,985 | +175% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,295 | -€1,752 | -€457 | -35.3% |
| Operating profit (loss) | 9901 | -€1,808 | -€2,280 | -€472 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,808 | -€2,280 | -€472 | -26.1% |
| Profit (loss) for the period | 9904 | -€1,808 | -€2,280 | -€472 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,808 | -€2,280 | -€472 | -26.1% |
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 31 October 2026 via checked.be.