GT2: 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.
GT2
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts +€145,156
up €145,156 (+4186.4%), from €3,467 to €148,623
- Debts after one year -€114,286
down €114,286 (-66.7%), from €171,429 to €57,143
- Other debts -€74,868
down €74,868 (-2.5%), from €3.0m to €2.9m
- Gross operating margin -€229,253
down €229,253 (-84.1%), from €272,707 to €43,454
- Taxes -€53,123
down €53,123 (-93.8%), from €56,660 to €3,537
- Financial income -€13,410
down €13,410 (-59.4%), from €22,560 to €9,150
- Depreciation -€5,618
down €5,618 (-14.4%), from €39,123 to €33,506
- Financial charges -€3,285
down €3,285 (-45.8%), from €7,179 to €3,894
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,699,371 | €5,641,801 | -€57,570 | -1.0% |
| Fixed assets | 21/28 | €5,236,907 | €5,217,272 | -€19,636 | -0.4% |
| Tangible fixed assets | 22/27 | €264,975 | €245,340 | -€19,636 | -7.4% |
| Furniture and vehicles | 24 | €110,059 | €86,903 | -€23,156 | -21.0% |
| Other tangible fixed assets | 26 | €154,917 | €158,437 | +€3,520 | +2.3% |
| Financial fixed assets | 28 | €4,971,932 | €4,971,932 | = | 0.0% |
| Current assets | 29/58 | €462,463 | €424,529 | -€37,935 | -8.2% |
| Amounts receivable after more than one year | 29 | €305,000 | €305,000 | = | 0.0% |
| Other amounts receivable | 291 | €305,000 | €305,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,665 | €60,049 | -€616 | -1.0% |
| Trade receivables | 40 | €24,965 | €3,100 | -€21,865 | -87.6% |
| Other amounts receivable | 41 | €35,700 | €56,949 | +€21,249 | +59.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €67,552 | €21,098 | -€46,453 | -68.8% |
| Deferred charges and accrued income | 490/1 | €29,247 | €38,382 | +€9,135 | +31.2% |
| Total equity and liabilities | 10/49 | €5,699,371 | €5,641,801 | -€57,570 | -1.0% |
| Equity | 10/15 | €2,413,889 | €2,422,705 | +€8,816 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,395,000 | €2,404,000 | +€9,000 | +0.4% |
| Distributable reserves | 133 | €2,395,000 | €2,404,000 | +€9,000 | +0.4% |
| Profit (loss) carried forward | 14 | €289 | €105 | -€184 | -63.7% |
| Amounts payable | 17/49 | €3,285,482 | €3,219,096 | -€66,386 | -2.0% |
| Amounts payable after more than one year | 17 | €171,429 | €57,143 | -€114,286 | -66.7% |
| Financial debts | 170/4 | €171,429 | €57,143 | -€114,286 | -66.7% |
| Amounts payable within one year | 42/48 | €3,110,053 | €3,157,952 | +€47,899 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €114,286 | €114,286 | = | 0.0% |
| Trade debts | 44 | €3,467 | €148,623 | +€145,156 | +4186.4% |
| Suppliers | 440/4 | €3,467 | €148,623 | +€145,156 | +4186.4% |
| Taxes, remuneration and social security | 45 | €26,889 | €4,500 | -€22,389 | -83.3% |
| Taxes | 450/3 | €26,889 | €4,500 | -€22,389 | -83.3% |
| Other amounts payable | 47/48 | €2,965,412 | €2,890,544 | -€74,868 | -2.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | €16,500 | €0 | -€16,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,123 | €33,506 | -€5,618 | -14.4% |
| Other operating charges | 640/8 | €1,918 | €1,830 | -€88 | -4.6% |
| Non-recurring operating charges | 66A | €4,240 | €1,022 | -€3,218 | -75.9% |
| Gross operating margin | 9900 | €272,707 | €43,454 | -€229,253 | -84.1% |
| Operating profit (loss) | 9901 | €227,426 | €7,097 | -€220,329 | -96.9% |
| Financial income | 75/76B | €22,560 | €9,150 | -€13,410 | -59.4% |
| Recurring financial income | 75 | €22,560 | €9,150 | -€13,410 | -59.4% |
| Financial charges | 65/66B | €7,179 | €3,894 | -€3,285 | -45.8% |
| Recurring financial charges | 65 | €7,179 | €3,894 | -€3,285 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €242,807 | €12,353 | -€230,454 | -94.9% |
| Income taxes | 67/77 | €56,660 | €3,537 | -€53,123 | -93.8% |
| Profit (loss) for the period | 9904 | €186,147 | €8,816 | -€177,331 | -95.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €186,147 | €8,816 | -€177,331 | -95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.