GTBusiness: 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.
GTBusiness
Largest movements
- Receivables within one year +€287,058
up €287,058 (+88.9%), from €323,057 to €610,115
of which Other amounts receivable: +€469,957
- Cash -€52,591
down €52,591 (-93.3%), from €56,396 to €3,805
mainly Trade debts (-€519,978) and Receivables within one year (-€287,058)
- Trade debts -€519,978
down €519,978 (-71.2%), from €730,285 to €210,308
- Reserves +€325,996
up €325,996 (+98.1%), from €332,380 to €658,376
of which Distributable reserves: +€325,996
- Advances received +€264,000
up €264,000 (+146%), from €181,000 to €445,000
- Other debts +€232,892
up €232,892 (+47.4%), from €490,897 to €723,789
- Debts after one year -€175,808
down €175,808 (-17.5%), from €1.0m to €830,551
- Financial income -€758,000
down €758,000 (-82.5%), from €919,000 to €161,000
- Gross operating margin +€76,882
up €76,882 (+28.0%), from €274,115 to €350,997
- Taxes +€60,458
up €60,458 (+228%), from €26,520 to €86,978
- Financial charges +€20,627
up €20,627 (+46.4%), from €44,476 to €65,102
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 | €3,696,474 | €3,930,941 | +€234,467 | +6.3% |
| Fixed assets | 21/28 | €3,317,021 | €3,317,021 | = | 0.0% |
| Financial fixed assets | 28 | €3,317,021 | €3,317,021 | = | 0.0% |
| Current assets | 29/58 | €379,453 | €613,920 | +€234,467 | +61.8% |
| Amounts receivable within one year | 40/41 | €323,057 | €610,115 | +€287,058 | +88.9% |
| Trade receivables | 40 | €298,524 | €115,626 | -€182,899 | -61.3% |
| Other amounts receivable | 41 | €24,533 | €494,490 | +€469,957 | +1,916% |
| Cash at bank and in hand | 54/58 | €56,396 | €3,805 | -€52,591 | -93.3% |
| Total equity and liabilities | 10/49 | €3,696,474 | €3,930,941 | +€234,467 | +6.3% |
| Equity | 10/15 | €1,088,959 | €1,414,955 | +€325,996 | +29.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €332,380 | €658,376 | +€325,996 | +98.1% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €287,380 | €613,376 | +€325,996 | +113% |
| Profit (loss) carried forward | 14 | €306,579 | €306,579 | = | 0.0% |
| Amounts payable | 17/49 | €2,607,515 | €2,515,986 | -€91,528 | -3.5% |
| Amounts payable after more than one year | 17 | €1,006,359 | €830,551 | -€175,808 | -17.5% |
| Financial debts | 170/4 | €1,006,359 | €830,551 | -€175,808 | -17.5% |
| Amounts payable within one year | 42/48 | €1,601,155 | €1,685,435 | +€84,280 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €171,493 | €175,808 | +€4,315 | +2.5% |
| Trade debts | 44 | €730,285 | €210,308 | -€519,978 | -71.2% |
| Suppliers | 440/4 | €730,285 | €210,308 | -€519,978 | -71.2% |
| Advances received on contracts in progress | 46 | €181,000 | €445,000 | +€264,000 | +146% |
| Taxes, remuneration and social security | 45 | €27,480 | €130,531 | +€103,050 | +375% |
| Taxes | 450/3 | €27,480 | €130,531 | +€103,050 | +375% |
| Other amounts payable | 47/48 | €490,897 | €723,789 | +€232,892 | +47.4% |
| Remuneration, social security and pensions | 62 | €32,626 | €33,921 | +€1,295 | +4.0% |
| Other operating charges | 640/8 | €200 | - | -€200 | |
| Gross operating margin | 9900 | €274,115 | €350,997 | +€76,882 | +28.0% |
| Operating profit (loss) | 9901 | €241,289 | €317,076 | +€75,787 | +31.4% |
| Financial income | 75/76B | €919,000 | €161,000 | -€758,000 | -82.5% |
| Recurring financial income | 75 | €919,000 | €161,000 | -€758,000 | -82.5% |
| Financial charges | 65/66B | €44,476 | €65,102 | +€20,627 | +46.4% |
| Recurring financial charges | 65 | €44,476 | €65,102 | +€20,627 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €1,115,813 | €412,974 | -€702,839 | -63.0% |
| Income taxes | 67/77 | €26,520 | €86,978 | +€60,458 | +228% |
| Profit (loss) for the period | 9904 | €1,089,293 | €325,996 | -€763,298 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,089,293 | €325,996 | -€763,298 | -70.1% |
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 25 October 2026 via checked.be.