GT3: 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.
GT3
Largest movements
- Receivables within one year -€39,378
down €39,378 (-19.1%), from €206,140 to €166,762
of which Trade receivables: -€20,993
- Tangible fixed assets -€9,228
down €9,228 (-35.3%), from €26,165 to €16,937
of which Furniture and vehicles: -€8,670
- Tax, wage and social debts -€37,549
down €37,549 (-67.3%), from €55,762 to €18,214
- Accrued charges and deferred income +€29,250
up €29,250 (+100.0%), from €29,250 to €58,499
- Reserves -€28,867
down €28,867 (-19.9%), from €144,877 to €116,010
- Gross operating margin -€63,133
down €63,133, from €47,217 to -€15,917
- Financial income +€28,603
up €28,603 (+339.9%), from €8,415 to €37,018
- Taxes -€11,020
down €11,020 (-68.2%), from €16,147 to €5,127
- Other operating charges +€1,434
up €1,434 (+125.5%), from €1,142 to €2,576
- Financial charges +€1,217
up €1,217 (+4.0%), from €30,367 to €31,584
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 | €775,123 | €733,042 | -€42,081 | -5.4% |
| Fixed assets | 21/28 | €560,828 | €551,599 | -€9,228 | -1.6% |
| Tangible fixed assets | 22/27 | €26,165 | €16,937 | -€9,228 | -35.3% |
| Plant, machinery and equipment | 23 | €3,601 | €3,042 | -€559 | -15.5% |
| Furniture and vehicles | 24 | €22,565 | €13,895 | -€8,670 | -38.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €534,662 | €534,662 | = | 0.0% |
| Current assets | 29/58 | €214,295 | €181,442 | -€32,853 | -15.3% |
| Amounts receivable within one year | 40/41 | €206,140 | €166,762 | -€39,378 | -19.1% |
| Trade receivables | 40 | €23,900 | €2,907 | -€20,993 | -87.8% |
| Other amounts receivable | 41 | €182,239 | €163,855 | -€18,384 | -10.1% |
| Cash at bank and in hand | 54/58 | €5,030 | €11,098 | +€6,068 | +120.6% |
| Deferred charges and accrued income | 490/1 | €3,126 | €3,582 | +€457 | +14.6% |
| Total equity and liabilities | 10/49 | €775,123 | €733,042 | -€42,081 | -5.4% |
| Equity | 10/15 | €154,877 | €126,010 | -€28,867 | -18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €144,877 | €116,010 | -€28,867 | -19.9% |
| Distributable reserves | 133 | €144,877 | €116,010 | -€28,867 | -19.9% |
| Amounts payable | 17/49 | €620,246 | €607,032 | -€13,214 | -2.1% |
| Amounts payable after more than one year | 17 | €513,153 | €513,153 | = | 0.0% |
| Other amounts payable | 178/9 | €513,153 | €513,153 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,843 | €35,379 | -€42,464 | -54.6% |
| Financial debts | 43 | €7,963 | €7,730 | -€233 | -2.9% |
| Credit institutions | 430/8 | €7,963 | €7,730 | -€233 | -2.9% |
| Trade debts | 44 | €14,118 | €9,436 | -€4,682 | -33.2% |
| Suppliers | 440/4 | €14,118 | €9,436 | -€4,682 | -33.2% |
| Taxes, remuneration and social security | 45 | €55,762 | €18,214 | -€37,549 | -67.3% |
| Taxes | 450/3 | €55,762 | €18,214 | -€37,549 | -67.3% |
| Accrued charges and deferred income | 492/3 | €29,250 | €58,499 | +€29,250 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,772 | €10,682 | -€89 | -0.8% |
| Other operating charges | 640/8 | €1,142 | €2,576 | +€1,434 | +125.5% |
| Gross operating margin | 9900 | €47,217 | -€15,917 | -€63,133 | |
| Operating profit (loss) | 9901 | €35,303 | -€29,174 | -€64,477 | |
| Financial income | 75/76B | €8,415 | €37,018 | +€28,603 | +339.9% |
| Recurring financial income | 75 | €8,415 | €37,018 | +€28,603 | +339.9% |
| Financial charges | 65/66B | €30,367 | €31,584 | +€1,217 | +4.0% |
| Recurring financial charges | 65 | €30,367 | €31,584 | +€1,217 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €13,351 | -€23,740 | -€37,091 | |
| Income taxes | 67/77 | €16,147 | €5,127 | -€11,020 | -68.2% |
| Profit (loss) for the period | 9904 | -€2,796 | -€28,867 | -€26,071 | -932.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,796 | -€28,867 | -€26,071 | -932.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.