GTA: 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.
GTA
Largest movements
- Tangible fixed assets +€18,080
up €18,080 (+654.1%), from €2,764 to €20,845
of which Furniture and vehicles: +€18,777
- Receivables within one year +€13,198
up €13,198 (+788.1%), from €1,675 to €14,872
- Cash +€9,701
up €9,701 (+22439.6%), from €43 to €9,744
mainly Net result for the year (+€17,715) and Other debts (+€16,384)
- Other debts +€16,384
up €16,384 (+60837.4%), from €27 to €16,410
- Reserves +€14,176
new in 2025: €14,176
- Tax, wage and social debts +€7,576
up €7,576 (+542.4%), from €1,397 to €8,972
- Profit (loss) carried forward +€3,540
no longer reported in 2025 (was -€3,540)
- Trade debts -€598
no longer reported in 2025 (was €598)
- Gross operating margin +€28,212
up €28,212, from -€5,695 to €22,517
- Taxes +€4,141
new in 2025: €4,141
- Financial income +€1,782
new in 2025: €1,782
- Depreciation +€1,112
up €1,112 (+159.5%), from €697 to €1,808
- Other operating charges +€242
up €242 (+205.1%), from €118 to €360
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 | €4,482 | €45,558 | +€41,076 | +916.5% |
| Fixed assets | 21/28 | €2,764 | €20,845 | +€18,080 | +654.1% |
| Tangible fixed assets | 22/27 | €2,764 | €20,845 | +€18,080 | +654.1% |
| Plant, machinery and equipment | 23 | €2,764 | €2,067 | -€697 | -25.2% |
| Furniture and vehicles | 24 | - | €18,777 | +€18,777 | |
| Current assets | 29/58 | €1,718 | €24,714 | +€22,996 | +1338.6% |
| Amounts receivable within one year | 40/41 | €1,675 | €14,872 | +€13,198 | +788.1% |
| Trade receivables | 40 | €1,675 | €14,872 | +€13,198 | +788.1% |
| Cash at bank and in hand | 54/58 | €43 | €9,744 | +€9,701 | +22439.6% |
| Deferred charges and accrued income | 490/1 | - | €98 | +€98 | |
| Total equity and liabilities | 10/49 | €4,482 | €45,558 | +€41,076 | +916.5% |
| Equity | 10/15 | €2,460 | €20,176 | +€17,715 | +720.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €14,176 | +€14,176 | |
| Distributable reserves | 133 | - | €14,176 | +€14,176 | |
| Profit (loss) carried forward | 14 | -€3,540 | - | +€3,540 | |
| Amounts payable | 17/49 | €2,022 | €25,383 | +€23,361 | +1155.6% |
| Amounts payable within one year | 42/48 | €2,022 | €25,383 | +€23,361 | +1155.6% |
| Trade debts | 44 | €598 | - | -€598 | |
| Suppliers | 440/4 | €598 | - | -€598 | |
| Taxes, remuneration and social security | 45 | €1,397 | €8,972 | +€7,576 | +542.4% |
| Taxes | 450/3 | €1,397 | €8,972 | +€7,576 | +542.4% |
| Other amounts payable | 47/48 | €27 | €16,410 | +€16,384 | +60837.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €697 | €1,808 | +€1,112 | +159.5% |
| Other operating charges | 640/8 | €118 | €360 | +€242 | +205.1% |
| Gross operating margin | 9900 | -€5,695 | €22,517 | +€28,212 | |
| Operating profit (loss) | 9901 | -€6,510 | €20,348 | +€26,859 | |
| Financial income | 75/76B | - | €1,782 | +€1,782 | |
| Recurring financial income | 75 | - | €1,782 | +€1,782 | |
| Financial charges | 65/66B | €125 | €274 | +€149 | +119.2% |
| Recurring financial charges | 65 | €125 | €274 | +€149 | +119.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,635 | €21,856 | +€28,491 | |
| Income taxes | 67/77 | - | €4,141 | +€4,141 | |
| Profit (loss) for the period | 9904 | -€6,635 | €17,715 | +€24,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,635 | €17,715 | +€24,350 |
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 1 October 2026 via checked.be.