GTA TRANS: 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 TRANS
Largest movements
- Cash +€15,629
up €15,629 (+381%), from €4,099 to €19,728
mainly Tax, wage and social debts (+€23,376) and Depreciation (+€19,949)
- Tangible fixed assets +€13,856
up €13,856 (+43.2%), from €32,110 to €45,966
- Tax, wage and social debts +€23,376
up €23,376 (+160%), from €14,595 to €37,971
of which Remuneration and social security: +€15,415
- Trade debts +€15,158
up €15,158 (+91.0%), from €16,660 to €31,817
- Profit (loss) carried forward -€9,438
down €9,438 (-13.0%), from €72,800 to €63,362
- Gross operating margin +€91,785
up €91,785 (+68.4%), from €134,103 to €225,889
- Staff costs +€77,797
up €77,797 (+58.6%), from €132,777 to €210,573
- Depreciation +€12,193
up €12,193 (+157%), from €7,756 to €19,949
- Other operating charges -€3,859
down €3,859 (-55.9%), from €6,902 to €3,043
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.
Derived cash bridge
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 | €122,455 | €151,550 | +€29,096 | +23.8% |
| Fixed assets | 21/28 | €66,496 | €80,404 | +€13,908 | +20.9% |
| Tangible fixed assets | 22/27 | €32,110 | €45,966 | +€13,856 | +43.2% |
| Furniture and vehicles | 24 | €32,110 | €45,966 | +€13,856 | +43.2% |
| Financial fixed assets | 28 | €34,386 | €34,438 | +€52 | +0.2% |
| Current assets | 29/58 | €55,959 | €71,146 | +€15,188 | +27.1% |
| Amounts receivable within one year | 40/41 | €49,687 | €49,246 | -€442 | -0.9% |
| Trade receivables | 40 | €49,687 | - | -€49,687 | |
| Other amounts receivable | 41 | - | €49,246 | +€49,246 | |
| Cash at bank and in hand | 54/58 | €4,099 | €19,728 | +€15,629 | +381% |
| Deferred charges and accrued income | 490/1 | €2,172 | €2,172 | = | 0.0% |
| Total equity and liabilities | 10/49 | €122,455 | €151,550 | +€29,096 | +23.8% |
| Equity | 10/15 | €91,200 | €81,762 | -€9,438 | -10.3% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,800 | €63,362 | -€9,438 | -13.0% |
| Amounts payable | 17/49 | €31,255 | €69,788 | +€38,534 | +123% |
| Amounts payable within one year | 42/48 | €31,255 | €69,788 | +€38,534 | +123% |
| Trade debts | 44 | €16,660 | €31,817 | +€15,158 | +91.0% |
| Suppliers | 440/4 | €16,660 | €31,817 | +€15,158 | +91.0% |
| Taxes, remuneration and social security | 45 | €14,595 | €37,971 | +€23,376 | +160% |
| Taxes | 450/3 | €13,151 | €21,112 | +€7,961 | +60.5% |
| Remuneration and social security | 454/9 | €1,444 | €16,859 | +€15,415 | +1,068% |
| Remuneration, social security and pensions | 62 | €132,777 | €210,573 | +€77,797 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,756 | €19,949 | +€12,193 | +157% |
| Other operating charges | 640/8 | €6,902 | €3,043 | -€3,859 | -55.9% |
| Gross operating margin | 9900 | €134,103 | €225,889 | +€91,785 | +68.4% |
| Operating profit (loss) | 9901 | -€13,331 | -€7,677 | +€5,654 | +42.4% |
| Financial charges | 65/66B | €147 | €271 | +€124 | +84.4% |
| Recurring financial charges | 65 | €147 | €271 | +€124 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,478 | -€7,948 | +€5,530 | +41.0% |
| Income taxes | 67/77 | €1,672 | €1,491 | -€182 | -10.9% |
| Profit (loss) for the period | 9904 | -€15,150 | -€9,438 | +€5,712 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,150 | -€9,438 | +€5,712 | +37.7% |
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 21 October 2026 via checked.be.