GTA Security Systems: 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.
GTA Security Systems
Largest movements
- Cash -€38,836
down €38,836 (-35.1%), from €110,541 to €71,705
mainly Receivables within one year (-€38,568) and Investment in fixed assets (net) (-€32,703)
- Receivables within one year +€38,568
up €38,568 (+125.7%), from €30,684 to €69,252
of which Trade receivables: +€31,373
- Tangible fixed assets +€24,672
up €24,672 (+127.4%), from €19,369 to €44,041
of which Furniture and vehicles: +€15,604
- Trade debts +€26,228
up €26,228 (+366.9%), from €7,148 to €33,376
- Profit (loss) carried forward +€3,668
up €3,668 (+4.1%), from €89,180 to €92,848
- Debts after one year -€3,416
down €3,416 (-10.8%), from €31,655 to €28,239
- Tax, wage and social debts +€3,255
up €3,255 (+43.5%), from €7,478 to €10,733
of which Remuneration and social security: +€2,859
- Accrued charges and deferred income -€2,133
no longer reported in 2025 (was €2,133)
- Other operating charges +€20,770
up €20,770 (+680.7%), from €3,051 to €23,821
- Staff costs +€16,807
up €16,807 (+36.2%), from €46,387 to €63,194
- Taxes -€6,941
down €6,941 (-47.6%), from €14,586 to €7,644
- Gross operating margin -€4,306
down €4,306 (-3.4%), from €126,880 to €122,574
- Depreciation +€2,195
up €2,195 (+54.9%), from €3,996 to €6,191
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 | €160,594 | €187,212 | +€26,618 | +16.6% |
| Fixed assets | 21/28 | €19,369 | €45,881 | +€26,512 | +136.9% |
| Intangible fixed assets | 21 | - | €1,840 | +€1,840 | |
| Tangible fixed assets | 22/27 | €19,369 | €44,041 | +€24,672 | +127.4% |
| Plant, machinery and equipment | 23 | €1,309 | €809 | -€500 | -38.2% |
| Furniture and vehicles | 24 | €7,135 | €22,738 | +€15,604 | +218.7% |
| Other tangible fixed assets | 26 | €10,926 | €20,494 | +€9,568 | +87.6% |
| Current assets | 29/58 | €141,225 | €141,331 | +€106 | +0.1% |
| Amounts receivable within one year | 40/41 | €30,684 | €69,252 | +€38,568 | +125.7% |
| Trade receivables | 40 | €25,510 | €56,883 | +€31,373 | +123.0% |
| Other amounts receivable | 41 | €5,174 | €12,369 | +€7,195 | +139.1% |
| Cash at bank and in hand | 54/58 | €110,541 | €71,705 | -€38,836 | -35.1% |
| Deferred charges and accrued income | 490/1 | - | €373 | +€373 | |
| Total equity and liabilities | 10/49 | €160,594 | €187,212 | +€26,618 | +16.6% |
| Equity | 10/15 | €107,780 | €111,448 | +€3,668 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,180 | €92,848 | +€3,668 | +4.1% |
| Amounts payable | 17/49 | €52,814 | €75,763 | +€22,949 | +43.5% |
| Amounts payable after more than one year | 17 | €31,655 | €28,239 | -€3,416 | -10.8% |
| Financial debts | 170/4 | €31,655 | €28,239 | -€3,416 | -10.8% |
| Amounts payable within one year | 42/48 | €19,026 | €47,525 | +€28,499 | +149.8% |
| Current portion of amounts payable after more than one year | 42 | €3,257 | €3,416 | +€159 | +4.9% |
| Trade debts | 44 | €7,148 | €33,376 | +€26,228 | +366.9% |
| Suppliers | 440/4 | €7,148 | €33,376 | +€26,228 | +366.9% |
| Taxes, remuneration and social security | 45 | €7,478 | €10,733 | +€3,255 | +43.5% |
| Taxes | 450/3 | €3,910 | €4,305 | +€395 | +10.1% |
| Remuneration and social security | 454/9 | €3,568 | €6,428 | +€2,859 | +80.1% |
| Other amounts payable | 47/48 | €1,143 | - | -€1,143 | |
| Accrued charges and deferred income | 492/3 | €2,133 | - | -€2,133 | |
| Remuneration, social security and pensions | 62 | €46,387 | €63,194 | +€16,807 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,996 | €6,191 | +€2,195 | +54.9% |
| Other operating charges | 640/8 | €3,051 | €23,821 | +€20,770 | +680.7% |
| Gross operating margin | 9900 | €126,880 | €122,574 | -€4,306 | -3.4% |
| Operating profit (loss) | 9901 | €73,446 | €29,367 | -€44,078 | -60.0% |
| Financial income | 75/76B | €88 | €682 | +€594 | +676.6% |
| Recurring financial income | 75 | €88 | €682 | +€594 | +676.6% |
| Financial charges | 65/66B | €8,379 | €6,737 | -€1,642 | -19.6% |
| Recurring financial charges | 65 | €8,379 | €6,737 | -€1,642 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €65,155 | €23,313 | -€41,842 | -64.2% |
| Income taxes | 67/77 | €14,586 | €7,644 | -€6,941 | -47.6% |
| Profit (loss) for the period | 9904 | €50,569 | €15,668 | -€34,901 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,569 | €15,668 | -€34,901 | -69.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.