GTB: 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.
GTB
Largest movements
- Receivables within one year -€169,281
down €169,281 (-68.3%), from €247,679 to €78,398
of which Trade receivables: -€239,687
- Cash +€100,073
up €100,073 (+223.9%), from €44,697 to €144,771
mainly Receivables within one year (+€169,281) and Tax, wage and social debts (+€112,064)
- Stocks and contracts +€32,028
up €32,028 (+202.7%), from €15,802 to €47,830
- Advances received -€254,068
no longer reported in 2024 (was €254,068)
- Tax, wage and social debts +€112,064
up €112,064 (+631.7%), from €17,740 to €129,804
of which Taxes: +€100,389
- Trade debts +€60,934
up €60,934 (+1342.7%), from €4,538 to €65,472
- Profit (loss) carried forward +€33,491
up €33,491 (+120.3%), from €27,832 to €61,323
- Other debts +€10,400
new in 2024: €10,400
- Gross operating margin +€38,808
up €38,808 (+49.0%), from €79,132 to €117,940
- Staff costs +€27,251
up €27,251 (+67.2%), from €40,567 to €67,818
- Other operating charges +€2,546
up €2,546 (+486.8%), from €523 to €3,069
- Taxes +€2,050
up €2,050 (+19.9%), from €10,287 to €12,337
- Financial charges +€1,336
up €1,336 (+3048.1%), from €44 to €1,380
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,178 | €270,999 | -€37,179 | -12.1% |
| Current assets | 29/58 | €308,178 | €270,999 | -€37,179 | -12.1% |
| Stocks and contracts in progress | 3 | €15,802 | €47,830 | +€32,028 | +202.7% |
| Stocks | 30/36 | €15,802 | €47,830 | +€32,028 | +202.7% |
| Amounts receivable within one year | 40/41 | €247,679 | €78,398 | -€169,281 | -68.3% |
| Trade receivables | 40 | €239,687 | - | -€239,687 | |
| Other amounts receivable | 41 | €7,992 | €78,398 | +€70,406 | +881.0% |
| Cash at bank and in hand | 54/58 | €44,697 | €144,771 | +€100,073 | +223.9% |
| Total equity and liabilities | 10/49 | €308,178 | €270,999 | -€37,179 | -12.1% |
| Equity | 10/15 | €31,832 | €65,323 | +€33,491 | +105.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,832 | €61,323 | +€33,491 | +120.3% |
| Amounts payable | 17/49 | €276,346 | €205,675 | -€70,670 | -25.6% |
| Amounts payable within one year | 42/48 | €276,346 | €205,675 | -€70,670 | -25.6% |
| Trade debts | 44 | €4,538 | €65,472 | +€60,934 | +1342.7% |
| Suppliers | 440/4 | €4,538 | €65,472 | +€60,934 | +1342.7% |
| Advances received on contracts in progress | 46 | €254,068 | - | -€254,068 | |
| Taxes, remuneration and social security | 45 | €17,740 | €129,804 | +€112,064 | +631.7% |
| Taxes | 450/3 | €11,325 | €111,714 | +€100,389 | +886.5% |
| Remuneration and social security | 454/9 | €6,415 | €18,090 | +€11,675 | +182.0% |
| Other amounts payable | 47/48 | - | €10,400 | +€10,400 | |
| Remuneration, social security and pensions | 62 | €40,567 | €67,818 | +€27,251 | +67.2% |
| Other operating charges | 640/8 | €523 | €3,069 | +€2,546 | +486.8% |
| Gross operating margin | 9900 | €79,132 | €117,940 | +€38,808 | +49.0% |
| Operating profit (loss) | 9901 | €38,042 | €47,053 | +€9,011 | +23.7% |
| Financial income | 75/76B | €122 | €155 | +€34 | +28.0% |
| Recurring financial income | 75 | €122 | €155 | +€34 | +28.0% |
| Financial charges | 65/66B | €44 | €1,380 | +€1,336 | +3048.1% |
| Recurring financial charges | 65 | €44 | €1,380 | +€1,336 | +3048.1% |
| Profit (loss) for the period before taxes | 9903 | €38,119 | €45,828 | +€7,709 | +20.2% |
| Income taxes | 67/77 | €10,287 | €12,337 | +€2,050 | +19.9% |
| Profit (loss) for the period | 9904 | €27,832 | €33,491 | +€5,659 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,832 | €33,491 | +€5,659 | +20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.