GT Units: 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 Units
Largest movements
- Tangible fixed assets +€324,893
up €324,893 (+25.5%), from €1.3m to €1.6m
of which Land and buildings: +€341,892
- Cash +€61,027
up €61,027 (+236%), from €25,897 to €86,924
mainly Net result for the year (+€267,842) and Other debts (+€184,482)
- Other debts +€184,482
up €184,482 (+41.8%), from €441,711 to €626,193
- Reserves +€166,198
new in 2025: €166,198
- Profit (loss) carried forward +€101,644
up €101,644, from -€101,644 to €0
- Debts after one year -€43,564
down €43,564 (-6.9%), from €629,167 to €585,602
of which Financial debts: -€43,564
- Gross operating margin +€316,846
up €316,846 (+507%), from €62,445 to €379,292
- Taxes +€35,284
new in 2025: €35,284
- Depreciation +€23,887
up €23,887 (+63.4%), from €37,692 to €61,579
- Other operating charges -€8,193
down €8,193 (-43.5%), from €18,830 to €10,637
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 | €1,429,833 | €1,835,502 | +€405,669 | +28.4% |
| Fixed assets | 21/28 | €1,375,086 | €1,699,979 | +€324,893 | +23.6% |
| Tangible fixed assets | 22/27 | €1,275,086 | €1,599,979 | +€324,893 | +25.5% |
| Land and buildings | 22 | €1,211,881 | €1,553,773 | +€341,892 | +28.2% |
| Furniture and vehicles | 24 | €63,206 | €46,206 | -€17,000 | -26.9% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €54,747 | €135,523 | +€80,776 | +148% |
| Amounts receivable within one year | 40/41 | €22,587 | €37,804 | +€15,217 | +67.4% |
| Trade receivables | 40 | €15,754 | €37,551 | +€21,798 | +138% |
| Other amounts receivable | 41 | €6,833 | €253 | -€6,581 | -96.3% |
| Cash at bank and in hand | 54/58 | €25,897 | €86,924 | +€61,027 | +236% |
| Deferred charges and accrued income | 490/1 | €6,263 | €10,796 | +€4,533 | +72.4% |
| Total equity and liabilities | 10/49 | €1,429,833 | €1,835,502 | +€405,669 | +28.4% |
| Equity | 10/15 | €298,356 | €566,198 | +€267,842 | +89.8% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | - | €166,198 | +€166,198 | |
| Distributable reserves | 133 | - | €166,198 | +€166,198 | |
| Profit (loss) carried forward | 14 | -€101,644 | €0 | +€101,644 | |
| Amounts payable | 17/49 | €1,131,477 | €1,269,304 | +€137,827 | +12.2% |
| Amounts payable after more than one year | 17 | €629,167 | €585,602 | -€43,564 | -6.9% |
| Financial debts | 170/4 | €229,167 | €185,602 | -€43,564 | -19.0% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €500,461 | €683,019 | +€182,558 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €53,756 | €43,564 | -€10,192 | -19.0% |
| Trade debts | 44 | €4,994 | €8,969 | +€3,975 | +79.6% |
| Suppliers | 440/4 | €4,994 | €8,969 | +€3,975 | +79.6% |
| Taxes, remuneration and social security | 45 | €0 | €4,293 | +€4,293 | |
| Taxes | 450/3 | €0 | €4,293 | +€4,293 | |
| Other amounts payable | 47/48 | €441,711 | €626,193 | +€184,482 | +41.8% |
| Accrued charges and deferred income | 492/3 | €1,849 | €683 | -€1,167 | -63.1% |
| Non-recurring operating income | 76A | €0 | €325,000 | +€325,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,692 | €61,579 | +€23,887 | +63.4% |
| Other operating charges | 640/8 | €18,830 | €10,637 | -€8,193 | -43.5% |
| Gross operating margin | 9900 | €62,445 | €379,292 | +€316,846 | +507% |
| Operating profit (loss) | 9901 | €5,923 | €307,076 | +€301,153 | +5,084% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,356 | €3,950 | -€405 | -9.3% |
| Recurring financial charges | 65 | €4,356 | €3,950 | -€405 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €1,568 | €303,126 | +€301,558 | +19,236% |
| Income taxes | 67/77 | - | €35,284 | +€35,284 | |
| Profit (loss) for the period | 9904 | €1,568 | €267,842 | +€266,274 | +16,985% |
| Profit (loss) for the period to be appropriated | 9905 | €1,568 | €267,842 | +€266,274 | +16,985% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.