GT TRADING: 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 TRADING
Largest movements
- Stocks and contracts +€15,262
up €15,262 (+39.8%), from €38,374 to €53,637
- Cash -€4,908
down €4,908 (-22.1%), from €22,168 to €17,260
mainly Stocks and contracts (-€15,262) and Trade debts (-€9,678)
- Reserves +€18,998
new in 2025: €18,998
- Trade debts -€9,678
down €9,678 (-92.9%), from €10,414 to €736
- Profit (loss) carried forward -€5,664
no longer reported in 2025 (was €5,664)
- Other debts +€5,000
up €5,000 (+12.5%), from €39,909 to €44,909
- Tax, wage and social debts +€3,294
up €3,294 (+104%), from €3,166 to €6,460
- Gross operating margin +€8,656
up €8,656 (+66.9%), from €12,935 to €21,592
- Taxes +€3,287
up €3,287 (+207%), from €1,586 to €4,873
- Other operating charges +€1,239
up €1,239 (+75.5%), from €1,643 to €2,882
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 | €67,152 | €79,103 | +€11,951 | +17.8% |
| Fixed assets | 21/28 | €4,137 | €4,740 | +€603 | +14.6% |
| Tangible fixed assets | 22/27 | €537 | €1,140 | +€603 | +112% |
| Plant, machinery and equipment | 23 | €537 | €320 | -€217 | -40.4% |
| Furniture and vehicles | 24 | - | €820 | +€820 | |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €63,015 | €74,363 | +€11,347 | +18.0% |
| Stocks and contracts in progress | 3 | €38,374 | €53,637 | +€15,262 | +39.8% |
| Stocks | 30/36 | €38,374 | €53,637 | +€15,262 | +39.8% |
| Amounts receivable within one year | 40/41 | €1,153 | €1,910 | +€757 | +65.7% |
| Trade receivables | 40 | €1,153 | €140 | -€1,013 | -87.8% |
| Other amounts receivable | 41 | - | €1,770 | +€1,770 | |
| Cash at bank and in hand | 54/58 | €22,168 | €17,260 | -€4,908 | -22.1% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,556 | +€235 | +17.8% |
| Total equity and liabilities | 10/49 | €67,152 | €79,103 | +€11,951 | +17.8% |
| Equity | 10/15 | €13,664 | €26,998 | +€13,335 | +97.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €18,998 | +€18,998 | |
| Distributable reserves | 133 | - | €18,998 | +€18,998 | |
| Profit (loss) carried forward | 14 | €5,664 | - | -€5,664 | |
| Amounts payable | 17/49 | €53,488 | €52,104 | -€1,384 | -2.6% |
| Amounts payable within one year | 42/48 | €53,488 | €52,104 | -€1,384 | -2.6% |
| Trade debts | 44 | €10,414 | €736 | -€9,678 | -92.9% |
| Suppliers | 440/4 | €10,414 | €736 | -€9,678 | -92.9% |
| Taxes, remuneration and social security | 45 | €3,166 | €6,460 | +€3,294 | +104% |
| Taxes | 450/3 | €3,166 | €6,460 | +€3,294 | +104% |
| Other amounts payable | 47/48 | €39,909 | €44,909 | +€5,000 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €397 | +€180 | +83.2% |
| Other operating charges | 640/8 | €1,643 | €2,882 | +€1,239 | +75.5% |
| Gross operating margin | 9900 | €12,935 | €21,592 | +€8,656 | +66.9% |
| Operating profit (loss) | 9901 | €11,076 | €18,312 | +€7,237 | +65.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €108 | €104 | -€4 | -3.4% |
| Recurring financial charges | 65 | €108 | €104 | -€4 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €10,968 | €18,208 | +€7,240 | +66.0% |
| Income taxes | 67/77 | €1,586 | €4,873 | +€3,287 | +207% |
| Profit (loss) for the period | 9904 | €9,381 | €13,335 | +€3,953 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,381 | €13,335 | +€3,953 | +42.1% |
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 19 October 2026 via checked.be.