GTC Motor: what changed
What changed
GTC Motor
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€11,737
2024 · €19,214-€7,477
Equity
€36,665
2024 · €24,928+€11,737
Cash
€10,471
2024 · €4,979+€5,492
Balance sheet total
€483,460
2024 · €520,486-€37,026
Largest movements
Assets
- Stocks and contracts -€21,397
down €21,397 (-41.2%), from €51,893 to €30,495
- Receivables within one year -€13,587
down €13,587 (-42.1%), from €32,265 to €18,679
of which Trade receivables: -€12,386
- Tangible fixed assets -€6,859
down €6,859 (-1.6%), from €427,752 to €420,893
of which Land and buildings: -€17,166
- Cash +€5,492
up €5,492 (+110%), from €4,979 to €10,471
mainly Depreciation (+€35,032) and Stocks and contracts (+€21,397)
Equity and liabilities
- Debts after one year -€55,879
down €55,879 (-14.8%), from €377,652 to €321,772
of which Other amounts payable: -€35,000
- Reserves +€11,737
up €11,737 (+57.5%), from €20,428 to €32,165
- Tax, wage and social debts +€5,838
up €5,838 (+13.2%), from €44,341 to €50,179
of which Remuneration and social security: +€7,950
Income statement
- Gross operating margin +€7,422
up €7,422 (+3.8%), from €195,166 to €202,588
- Staff costs +€6,677
up €6,677 (+5.3%), from €125,734 to €132,411
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,214
Gross operating margin
+€7,422
Staff costs
-€6,677
Depreciation
-€1,059
Other operating charges
-€432
Other operating items
-€9,201
Financial income
-€297
Financial charges
+€1,657
Taxes
+€1,109
Result 2025
€11,737
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€89,163
Investment
-€27,648
Financing
-€56,023
Cash 2024
€4,979
From operations (derived)
+€89,163
Net result for the year
+€11,737
Depreciation
+€35,032
Stocks and contracts
+€21,397
Receivables within one year
+€13,587
Deferred charges and accrued income
+€150
Trade debts
+€484
Tax, wage and social debts
+€5,838
Other debts
+€981
Accrued charges and deferred income
-€42
Investment (derived)
-€27,648
Investment in fixed assets (net)
-€27,648
Financing
-€56,023
Debts after one year
-€55,879
Current portion of long-term debt
+€246
Short-term financial debts
-€389
Cash 2025
€10,471
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €520,486 | €483,460 | -€37,026 | -7.1% |
| Formation expenses | 20 | €1,118 | €605 | -€514 | -45.9% |
| Fixed assets | 21/28 | €427,763 | €420,893 | -€6,870 | -1.6% |
| Intangible fixed assets | 21 | €11 | - | -€11 | |
| Tangible fixed assets | 22/27 | €427,752 | €420,893 | -€6,859 | -1.6% |
| Land and buildings | 22 | €360,023 | €342,857 | -€17,166 | -4.8% |
| Plant, machinery and equipment | 23 | €58,286 | €71,684 | +€13,398 | +23.0% |
| Furniture and vehicles | 24 | €9,444 | €6,352 | -€3,092 | -32.7% |
| Current assets | 29/58 | €91,605 | €61,963 | -€29,642 | -32.4% |
| Stocks and contracts in progress | 3 | €51,893 | €30,495 | -€21,397 | -41.2% |
| Stocks | 30/36 | €51,893 | €30,495 | -€21,397 | -41.2% |
| Amounts receivable within one year | 40/41 | €32,265 | €18,679 | -€13,587 | -42.1% |
| Trade receivables | 40 | €31,065 | €18,679 | -€12,386 | -39.9% |
| Other amounts receivable | 41 | €1,200 | - | -€1,200 | |
| Cash at bank and in hand | 54/58 | €4,979 | €10,471 | +€5,492 | +110% |
| Deferred charges and accrued income | 490/1 | €2,468 | €2,318 | -€150 | -6.1% |
| Total equity and liabilities | 10/49 | €520,486 | €483,460 | -€37,026 | -7.1% |
| Equity | 10/15 | €24,928 | €36,665 | +€11,737 | +47.1% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €20,428 | €32,165 | +€11,737 | +57.5% |
| Distributable reserves | 133 | €20,428 | €32,165 | +€11,737 | +57.5% |
| Amounts payable | 17/49 | €495,558 | €446,795 | -€48,763 | -9.8% |
| Amounts payable after more than one year | 17 | €377,652 | €321,772 | -€55,879 | -14.8% |
| Financial debts | 170/4 | €257,652 | €236,772 | -€20,879 | -8.1% |
| Other amounts payable | 178/9 | €120,000 | €85,000 | -€35,000 | -29.2% |
| Amounts payable within one year | 42/48 | €113,705 | €120,863 | +€7,158 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €20,633 | €20,879 | +€246 | +1.2% |
| Financial debts | 43 | €407 | €17 | -€389 | -95.7% |
| Credit institutions | 430/8 | €407 | €17 | -€389 | -95.7% |
| Trade debts | 44 | €19,805 | €20,288 | +€484 | +2.4% |
| Suppliers | 440/4 | €19,805 | €20,288 | +€484 | +2.4% |
| Taxes, remuneration and social security | 45 | €44,341 | €50,179 | +€5,838 | +13.2% |
| Taxes | 450/3 | €25,162 | €23,050 | -€2,112 | -8.4% |
| Remuneration and social security | 454/9 | €19,179 | €27,129 | +€7,950 | +41.4% |
| Other amounts payable | 47/48 | €28,518 | €29,499 | +€981 | +3.4% |
| Accrued charges and deferred income | 492/3 | €4,201 | €4,160 | -€42 | -1.0% |
| Remuneration, social security and pensions | 62 | €125,734 | €132,411 | +€6,677 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,973 | €35,032 | +€1,059 | +3.1% |
| Other operating charges | 640/8 | €3,018 | €3,450 | +€432 | +14.3% |
| Non-recurring operating charges | 66A | - | €9,201 | +€9,201 | |
| Gross operating margin | 9900 | €195,166 | €202,588 | +€7,422 | +3.8% |
| Operating profit (loss) | 9901 | €32,440 | €22,495 | -€9,945 | -30.7% |
| Financial income | 75/76B | €298 | €1 | -€297 | -99.7% |
| Recurring financial income | 75 | €298 | €1 | -€297 | -99.7% |
| Financial charges | 65/66B | €9,461 | €7,804 | -€1,657 | -17.5% |
| Recurring financial charges | 65 | €9,461 | €7,804 | -€1,657 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €23,277 | €14,692 | -€8,585 | -36.9% |
| Income taxes | 67/77 | €4,064 | €2,955 | -€1,109 | -27.3% |
| Profit (loss) for the period | 9904 | €19,214 | €11,737 | -€7,477 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,214 | €11,737 | -€7,477 | -38.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.