GTA Concept: 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 Concept
Largest movements
- Cash +€26,588
up €26,588 (+31.6%), from €84,008 to €110,596
mainly Net result for the year (+€20,130) and Depreciation (+€15,054)
- Tangible fixed assets -€10,455
down €10,455 (-4.8%), from €216,631 to €206,176
of which Land and buildings: -€10,143
- Reserves +€20,130
new in 2025: €20,130
- Tax, wage and social debts +€10,101
up €10,101 (+201.6%), from €5,011 to €15,113
- Other debts -€8,343
down €8,343 (-15.1%), from €55,074 to €46,731
- Debts after one year -€5,391
down €5,391 (-3.1%), from €176,756 to €171,365
of which Financial debts: -€15,391
- Gross operating margin -€29,091
down €29,091 (-30.2%), from €96,273 to €67,182
- Taxes +€5,090
up €5,090 (+101.6%), from €5,011 to €10,101
- Other operating charges +€4,140
up €4,140 (+27.2%), from €15,245 to €19,385
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 | €302,085 | €317,809 | +€15,724 | +5.2% |
| Fixed assets | 21/28 | €216,631 | €206,176 | -€10,455 | -4.8% |
| Tangible fixed assets | 22/27 | €216,631 | €206,176 | -€10,455 | -4.8% |
| Land and buildings | 22 | €203,060 | €192,917 | -€10,143 | -5.0% |
| Plant, machinery and equipment | 23 | €1,745 | - | -€1,745 | |
| Furniture and vehicles | 24 | €687 | - | -€687 | |
| Other tangible fixed assets | 26 | €11,139 | €13,258 | +€2,120 | +19.0% |
| Current assets | 29/58 | €85,455 | €111,634 | +€26,179 | +30.6% |
| Amounts receivable within one year | 40/41 | €1,244 | €681 | -€563 | -45.2% |
| Trade receivables | 40 | €1,244 | €681 | -€563 | -45.2% |
| Cash at bank and in hand | 54/58 | €84,008 | €110,596 | +€26,588 | +31.6% |
| Deferred charges and accrued income | 490/1 | €202 | €357 | +€154 | +76.4% |
| Total equity and liabilities | 10/49 | €302,085 | €317,809 | +€15,724 | +5.2% |
| Equity | 10/15 | €29,944 | €50,074 | +€20,130 | +67.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €20,130 | +€20,130 | |
| Distributable reserves | 133 | - | €20,130 | +€20,130 | |
| Profit (loss) carried forward | 14 | €19,944 | €19,944 | = | 0.0% |
| Amounts payable | 17/49 | €272,141 | €267,735 | -€4,406 | -1.6% |
| Amounts payable after more than one year | 17 | €176,756 | €171,365 | -€5,391 | -3.1% |
| Financial debts | 170/4 | €171,756 | €156,365 | -€15,391 | -9.0% |
| Other amounts payable | 178/9 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Amounts payable within one year | 42/48 | €95,385 | €96,370 | +€985 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €15,198 | €15,391 | +€194 | +1.3% |
| Trade debts | 44 | €20,102 | €19,135 | -€967 | -4.8% |
| Suppliers | 440/4 | €20,102 | €19,135 | -€967 | -4.8% |
| Taxes, remuneration and social security | 45 | €5,011 | €15,113 | +€10,101 | +201.6% |
| Taxes | 450/3 | €5,011 | €15,113 | +€10,101 | +201.6% |
| Other amounts payable | 47/48 | €55,074 | €46,731 | -€8,343 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,994 | €15,054 | +€59 | +0.4% |
| Other operating charges | 640/8 | €15,245 | €19,385 | +€4,140 | +27.2% |
| Gross operating margin | 9900 | €96,273 | €67,182 | -€29,091 | -30.2% |
| Operating profit (loss) | 9901 | €66,033 | €32,743 | -€33,290 | -50.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +4800.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4800.0% |
| Financial charges | 65/66B | €2,804 | €2,512 | -€292 | -10.4% |
| Recurring financial charges | 65 | €2,804 | €2,512 | -€292 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €63,229 | €30,231 | -€32,998 | -52.2% |
| Income taxes | 67/77 | €5,011 | €10,101 | +€5,090 | +101.6% |
| Profit (loss) for the period | 9904 | €58,218 | €20,130 | -€38,088 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,218 | €20,130 | -€38,088 | -65.4% |
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 3 October 2026 via checked.be.