GTE & Services: 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.
GTE & Services
Largest movements
- Cash -€34,124
down €34,124 (-50.8%), from €67,130 to €33,007
mainly Contributions, distributions and other (-€86,031) and Trade debts (-€13,348)
- Receivables within one year +€10,330
up €10,330 (+31.2%), from €33,090 to €43,420
of which Other amounts receivable: +€5,476
- Tangible fixed assets -€9,523
down €9,523 (-29.3%), from €32,528 to €23,005
of which Furniture and vehicles: -€10,392
- Deferred charges and accrued income -€2,404
down €2,404 (-50.0%), from €4,803 to €2,400
- Reserves -€50,899
down €50,899 (-61.2%), from €83,193 to €32,294
- Other debts +€38,126
up €38,126, from €0 to €38,126
- Trade debts -€13,348
down €13,348 (-85.0%), from €15,697 to €2,348
- Tax, wage and social debts -€9,599
down €9,599 (-32.0%), from €29,981 to €20,382
of which Taxes: -€11,599
- Gross operating margin -€15,060
down €15,060 (-20.4%), from €73,647 to €58,587
- Taxes -€3,285
down €3,285 (-24.9%), from €13,174 to €9,889
- Other operating charges +€2,025
up €2,025 (+410.7%), from €493 to €2,518
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 | €137,551 | €101,831 | -€35,720 | -26.0% |
| Fixed assets | 21/28 | €32,528 | €23,005 | -€9,523 | -29.3% |
| Tangible fixed assets | 22/27 | €32,528 | €23,005 | -€9,523 | -29.3% |
| Plant, machinery and equipment | 23 | - | €870 | +€870 | |
| Furniture and vehicles | 24 | €32,528 | €22,135 | -€10,392 | -31.9% |
| Current assets | 29/58 | €105,024 | €78,826 | -€26,197 | -24.9% |
| Amounts receivable within one year | 40/41 | €33,090 | €43,420 | +€10,330 | +31.2% |
| Trade receivables | 40 | €33,053 | €37,907 | +€4,854 | +14.7% |
| Other amounts receivable | 41 | €37 | €5,513 | +€5,476 | +14901.5% |
| Cash at bank and in hand | 54/58 | €67,130 | €33,007 | -€34,124 | -50.8% |
| Deferred charges and accrued income | 490/1 | €4,803 | €2,400 | -€2,404 | -50.0% |
| Total equity and liabilities | 10/49 | €137,551 | €101,831 | -€35,720 | -26.0% |
| Equity | 10/15 | €91,873 | €40,974 | -€50,899 | -55.4% |
| Contributions | 10/11 | €8,680 | €8,680 | = | 0.0% |
| Reserves | 13 | €83,193 | €32,294 | -€50,899 | -61.2% |
| Distributable reserves | 133 | €83,193 | €32,294 | -€50,899 | -61.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,678 | €60,857 | +€15,179 | +33.2% |
| Amounts payable within one year | 42/48 | €45,678 | €60,857 | +€15,179 | +33.2% |
| Trade debts | 44 | €15,697 | €2,348 | -€13,348 | -85.0% |
| Suppliers | 440/4 | €15,697 | €2,348 | -€13,348 | -85.0% |
| Taxes, remuneration and social security | 45 | €29,981 | €20,382 | -€9,599 | -32.0% |
| Taxes | 450/3 | €29,981 | €18,382 | -€11,599 | -38.7% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €0 | €38,126 | +€38,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,392 | €10,596 | +€204 | +2.0% |
| Other operating charges | 640/8 | €493 | €2,518 | +€2,025 | +410.7% |
| Gross operating margin | 9900 | €73,647 | €58,587 | -€15,060 | -20.4% |
| Operating profit (loss) | 9901 | €62,762 | €45,473 | -€17,289 | -27.5% |
| Financial income | 75/76B | €25 | €13 | -€12 | -49.1% |
| Recurring financial income | 75 | €25 | €13 | -€12 | -49.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €574 | €465 | -€109 | -19.0% |
| Recurring financial charges | 65 | €574 | €465 | -€109 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €62,213 | €45,021 | -€17,192 | -27.6% |
| Income taxes | 67/77 | €13,174 | €9,889 | -€3,285 | -24.9% |
| Profit (loss) for the period | 9904 | €49,039 | €35,132 | -€13,907 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,039 | €35,132 | -€13,907 | -28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.