GTB Security: 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.
GTB Security
Largest movements
- Receivables within one year +€50,718
up €50,718 (+141%), from €35,973 to €86,690
of which Trade receivables: +€46,114
- Current investments +€10,000
new in 2025: €10,000
- Deferred charges and accrued income +€6,864
new in 2025: €6,864
- Tangible fixed assets +€4,319
up €4,319 (+130%), from €3,327 to €7,645
of which Furniture and vehicles: +€3,676
- Trade debts +€55,083
up €55,083 (+214%), from €25,709 to €80,792
- Tax, wage and social debts +€14,268
up €14,268 (+140%), from €10,197 to €24,464
of which Remuneration and social security: +€18,053
- Staff costs -€35,085
down €35,085 (-92.3%), from €38,013 to €2,928
- Gross operating margin -€31,216
down €31,216 (-60.1%), from €51,948 to €20,732
- Financial charges +€7,930
up €7,930 (+2,913%), from €272 to €8,202
- Other operating charges +€3,574
up €3,574 (+134%), from €2,664 to €6,239
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 | €69,431 | €140,644 | +€71,213 | +103% |
| Fixed assets | 21/28 | €3,327 | €7,645 | +€4,319 | +130% |
| Tangible fixed assets | 22/27 | €3,327 | €7,645 | +€4,319 | +130% |
| Plant, machinery and equipment | 23 | €3,327 | €3,970 | +€643 | +19.3% |
| Furniture and vehicles | 24 | - | €3,676 | +€3,676 | |
| Current assets | 29/58 | €66,104 | €132,999 | +€66,894 | +101% |
| Amounts receivable within one year | 40/41 | €35,973 | €86,690 | +€50,718 | +141% |
| Trade receivables | 40 | €35,973 | €82,086 | +€46,114 | +128% |
| Other amounts receivable | 41 | €0 | €4,604 | +€4,604 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €30,131 | €29,444 | -€687 | -2.3% |
| Deferred charges and accrued income | 490/1 | - | €6,864 | +€6,864 | |
| Total equity and liabilities | 10/49 | €69,431 | €140,644 | +€71,213 | +103% |
| Equity | 10/15 | €16,259 | €17,425 | +€1,166 | +7.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,741 | -€3,575 | +€1,166 | +24.6% |
| Amounts payable | 17/49 | €53,172 | €123,219 | +€70,047 | +132% |
| Amounts payable within one year | 42/48 | €53,172 | €123,219 | +€70,047 | +132% |
| Trade debts | 44 | €25,709 | €80,792 | +€55,083 | +214% |
| Suppliers | 440/4 | €25,709 | €80,792 | +€55,083 | +214% |
| Taxes, remuneration and social security | 45 | €10,197 | €24,464 | +€14,268 | +140% |
| Taxes | 450/3 | €4,955 | €1,170 | -€3,785 | -76.4% |
| Remuneration and social security | 454/9 | €5,242 | €23,294 | +€18,053 | +344% |
| Other amounts payable | 47/48 | €17,267 | €17,963 | +€697 | +4.0% |
| Remuneration, social security and pensions | 62 | €38,013 | €2,928 | -€35,085 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,850 | €2,061 | +€212 | +11.4% |
| Other operating charges | 640/8 | €2,664 | €6,239 | +€3,574 | +134% |
| Gross operating margin | 9900 | €51,948 | €20,732 | -€31,216 | -60.1% |
| Operating profit (loss) | 9901 | €9,421 | €9,504 | +€83 | +0.9% |
| Financial income | 75/76B | €12 | €3 | -€9 | -75.8% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -75.8% |
| Financial charges | 65/66B | €272 | €8,202 | +€7,930 | +2,913% |
| Recurring financial charges | 65 | €272 | €8,202 | +€7,930 | +2,913% |
| Profit (loss) for the period before taxes | 9903 | €9,161 | €1,305 | -€7,856 | -85.8% |
| Income taxes | 67/77 | - | €139 | +€139 | |
| Profit (loss) for the period | 9904 | €9,161 | €1,166 | -€7,995 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,161 | €1,166 | -€7,995 | -87.3% |
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 16 October 2026 via checked.be.