GTAdvisory: 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.
GTAdvisory
Largest movements
- Cash +€44,876
up €44,876 (+42.2%), from €106,396 to €151,272
mainly Other debts (+€167,144) and Net result for the year (+€56,749)
- Receivables within one year +€13,643
up €13,643, from €0 to €13,643
of which Trade receivables: +€12,100
- Tangible fixed assets -€10,130
down €10,130 (-42.9%), from €23,606 to €13,476
of which Furniture and vehicles: -€9,680
- Other debts +€167,144
up €167,144 (+4608.6%), from €3,627 to €170,771
- Profit (loss) carried forward -€108,113
down €108,113 (-100.0%), from €108,113 to €0
- Debts after one year -€5,741
down €5,741 (-100.0%), from €5,741 to €0
- Tax, wage and social debts -€4,506
down €4,506 (-97.9%), from €4,604 to €99
- Current portion of long-term debt -€1,815
down €1,815 (-24.0%), from €7,556 to €5,741
- Gross operating margin +€15,354
up €15,354 (+23.1%), from €66,492 to €81,846
- Taxes +€3,161
up €3,161 (+27.4%), from €11,531 to €14,692
- Financial income +€991
up €991 (+99061.0%), from €1 to €992
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 | €133,031 | €181,507 | +€48,476 | +36.4% |
| Fixed assets | 21/28 | €23,606 | €13,476 | -€10,130 | -42.9% |
| Tangible fixed assets | 22/27 | €23,606 | €13,476 | -€10,130 | -42.9% |
| Plant, machinery and equipment | 23 | €1,405 | €955 | -€450 | -32.0% |
| Furniture and vehicles | 24 | €22,201 | €12,521 | -€9,680 | -43.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €109,425 | €168,031 | +€58,606 | +53.6% |
| Amounts receivable within one year | 40/41 | €0 | €13,643 | +€13,643 | |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €0 | €1,543 | +€1,543 | |
| Cash at bank and in hand | 54/58 | €106,396 | €151,272 | +€44,876 | +42.2% |
| Deferred charges and accrued income | 490/1 | €3,028 | €3,115 | +€87 | +2.9% |
| Total equity and liabilities | 10/49 | €133,031 | €181,507 | +€48,476 | +36.4% |
| Equity | 10/15 | €111,113 | €3,000 | -€108,113 | -97.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,113 | €0 | -€108,113 | -100.0% |
| Amounts payable | 17/49 | €21,917 | €178,507 | +€156,589 | +714.5% |
| Amounts payable after more than one year | 17 | €5,741 | €0 | -€5,741 | -100.0% |
| Financial debts | 170/4 | €5,741 | €0 | -€5,741 | -100.0% |
| Amounts payable within one year | 42/48 | €16,176 | €178,507 | +€162,330 | +1003.5% |
| Current portion of amounts payable after more than one year | 42 | €7,556 | €5,741 | -€1,815 | -24.0% |
| Trade debts | 44 | €389 | €1,896 | +€1,507 | +387.6% |
| Suppliers | 440/4 | €389 | €1,896 | +€1,507 | +387.6% |
| Taxes, remuneration and social security | 45 | €4,604 | €99 | -€4,506 | -97.9% |
| Taxes | 450/3 | €4,604 | €99 | -€4,506 | -97.9% |
| Other amounts payable | 47/48 | €3,627 | €170,771 | +€167,144 | +4608.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,130 | €10,130 | = | 0.0% |
| Other operating charges | 640/8 | €624 | €612 | -€12 | -2.0% |
| Gross operating margin | 9900 | €66,492 | €81,846 | +€15,354 | +23.1% |
| Operating profit (loss) | 9901 | €55,738 | €71,104 | +€15,367 | +27.6% |
| Financial income | 75/76B | €1 | €992 | +€991 | +99061.0% |
| Recurring financial income | 75 | €1 | €992 | +€991 | +99061.0% |
| Financial charges | 65/66B | €401 | €656 | +€255 | +63.5% |
| Recurring financial charges | 65 | €401 | €656 | +€255 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €55,338 | €71,440 | +€16,103 | +29.1% |
| Income taxes | 67/77 | €11,531 | €14,692 | +€3,161 | +27.4% |
| Profit (loss) for the period | 9904 | €43,807 | €56,749 | +€12,942 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,807 | €56,749 | +€12,942 | +29.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.