GT Technics: what changed
Two fiscal 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 Technics
Largest movements
- Cash -€46,782
down €46,782 (-55.8%), from €83,850 to €37,067
mainly Net result for the year (-€25,529) and Debts after one year (-€22,899)
- Tangible fixed assets -€24,512
down €24,512 (-7.6%), from €323,886 to €299,375
of which Land and buildings: -€18,128
- Current investments +€18,106
up €18,106 (+45.2%), from €40,074 to €58,180
- Profit (loss) carried forward -€25,529
new in 2025: -€25,529
- Debts after one year -€22,899
down €22,899 (-7.8%), from €292,396 to €269,497
- Trade debts -€9,200
no longer reported in 2025 (was €9,200)
- Gross operating margin -€58,704
down €58,704 (-76.7%), from €76,549 to €17,845
- Taxes -€7,907
no longer reported in 2025 (was €7,907)
- Depreciation -€1,499
down €1,499 (-4.4%), from €33,884 to €32,385
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.
Cash bridge derived
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 | €495,756 | €439,579 | -€56,177 | -11.3% |
| Fixed assets | 21/28 | €323,886 | €299,375 | -€24,512 | -7.6% |
| Tangible fixed assets | 22/27 | €323,886 | €299,375 | -€24,512 | -7.6% |
| Land and buildings | 22 | €286,563 | €268,436 | -€18,128 | -6.3% |
| Plant, machinery and equipment | 23 | €11,175 | €13,443 | +€2,268 | +20.3% |
| Furniture and vehicles | 24 | €26,148 | €17,496 | -€8,652 | -33.1% |
| Current assets | 29/58 | €171,870 | €140,204 | -€31,665 | -18.4% |
| Stocks and contracts in progress | 3 | €31,400 | €29,000 | -€2,400 | -7.6% |
| Stocks | 30/36 | €31,400 | €29,000 | -€2,400 | -7.6% |
| Amounts receivable within one year | 40/41 | €12,563 | €11,864 | -€698 | -5.6% |
| Trade receivables | 40 | €4,895 | €2,883 | -€2,013 | -41.1% |
| Other amounts receivable | 41 | €7,667 | €8,982 | +€1,315 | +17.1% |
| Current investments | 50/53 | €40,074 | €58,180 | +€18,106 | +45.2% |
| Cash at bank and in hand | 54/58 | €83,850 | €37,067 | -€46,782 | -55.8% |
| Deferred charges and accrued income | 490/1 | €3,983 | €4,092 | +€109 | +2.7% |
| Total equity and liabilities | 10/49 | €495,756 | €439,579 | -€56,177 | -11.3% |
| Equity | 10/15 | €156,708 | €131,179 | -€25,529 | -16.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €152,708 | €152,708 | = | 0.0% |
| Distributable reserves | 133 | €152,708 | €152,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,529 | -€25,529 | |
| Amounts payable | 17/49 | €339,048 | €308,400 | -€30,648 | -9.0% |
| Amounts payable after more than one year | 17 | €292,396 | €269,497 | -€22,899 | -7.8% |
| Financial debts | 170/4 | €292,396 | €269,497 | -€22,899 | -7.8% |
| Amounts payable within one year | 42/48 | €46,227 | €38,131 | -€8,096 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €22,382 | €22,899 | +€517 | +2.3% |
| Trade debts | 44 | €9,200 | - | -€9,200 | |
| Suppliers | 440/4 | €9,200 | - | -€9,200 | |
| Taxes, remuneration and social security | 45 | €4,959 | €5,013 | +€53 | +1.1% |
| Taxes | 450/3 | €2,907 | €2,907 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,052 | €2,105 | +€53 | +2.6% |
| Other amounts payable | 47/48 | €9,686 | €10,219 | +€534 | +5.5% |
| Accrued charges and deferred income | 492/3 | €424 | €771 | +€347 | +81.9% |
| Remuneration, social security and pensions | 62 | €2,421 | €2,423 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,884 | €32,385 | -€1,499 | -4.4% |
| Other operating charges | 640/8 | €3,497 | €3,414 | -€83 | -2.4% |
| Gross operating margin | 9900 | €76,549 | €17,845 | -€58,704 | -76.7% |
| Operating profit (loss) | 9901 | €36,747 | -€20,377 | -€57,124 | |
| Financial income | 75/76B | €86 | €235 | +€149 | +173.2% |
| Recurring financial income | 75 | €86 | €235 | +€149 | +173.2% |
| Financial charges | 65/66B | €5,884 | €5,387 | -€497 | -8.4% |
| Recurring financial charges | 65 | €5,884 | €5,387 | -€497 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €30,949 | -€25,529 | -€56,478 | |
| Income taxes | 67/77 | €7,907 | - | -€7,907 | |
| Profit (loss) for the period | 9904 | €23,041 | -€25,529 | -€48,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,041 | -€25,529 | -€48,570 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.