GTECH: 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.
GTECH
Largest movements
- Receivables within one year +€53,479
up €53,479 (+61.7%), from €86,695 to €140,174
of which Other amounts receivable: +€27,930
- Cash -€46,210
down €46,210 (-99.7%), from €46,350 to €140
mainly Other debts (-€62,073) and Receivables within one year (-€53,479)
- Tangible fixed assets -€12,205
down €12,205 (-3.3%), from €372,749 to €360,543
of which Land and buildings: -€11,822
- Other debts -€62,073
no longer reported in 2025 (was €62,073)
- Reserves +€44,200
up €44,200 (+155%), from €28,450 to €72,650
- Debts after one year -€35,393
down €35,393 (-10.5%), from €336,825 to €301,432
- Short-term financial debts +€33,601
up €33,601 (+27,309%), from €123 to €33,724
- Trade debts +€27,769
up €27,769 (+224%), from €12,395 to €40,164
- Gross operating margin +€48,686
up €48,686 (+68.3%), from €71,321 to €120,007
- Taxes +€31,624
up €31,624 (+924%), from €3,422 to €35,046
- Financial charges +€3,091
up €3,091 (+42.7%), from €7,232 to €10,323
- Other operating charges -€3,033
down €3,033 (-45.2%), from €6,706 to €3,674
- Depreciation +€1,744
up €1,744 (+7.0%), from €24,884 to €26,628
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 | €512,693 | €506,949 | -€5,744 | -1.1% |
| Fixed assets | 21/28 | €372,749 | €360,543 | -€12,205 | -3.3% |
| Tangible fixed assets | 22/27 | €372,749 | €360,543 | -€12,205 | -3.3% |
| Land and buildings | 22 | €330,893 | €319,071 | -€11,822 | -3.6% |
| Plant, machinery and equipment | 23 | €11,020 | €12,532 | +€1,513 | +13.7% |
| Furniture and vehicles | 24 | €30,837 | €28,940 | -€1,897 | -6.2% |
| Current assets | 29/58 | €139,945 | €146,406 | +€6,461 | +4.6% |
| Stocks and contracts in progress | 3 | €4,094 | €4,867 | +€773 | +18.9% |
| Stocks | 30/36 | €4,094 | €4,867 | +€773 | +18.9% |
| Amounts receivable within one year | 40/41 | €86,695 | €140,174 | +€53,479 | +61.7% |
| Trade receivables | 40 | €77,040 | €102,589 | +€25,548 | +33.2% |
| Other amounts receivable | 41 | €9,655 | €37,585 | +€27,930 | +289% |
| Cash at bank and in hand | 54/58 | €46,350 | €140 | -€46,210 | -99.7% |
| Deferred charges and accrued income | 490/1 | €2,806 | €1,226 | -€1,580 | -56.3% |
| Total equity and liabilities | 10/49 | €512,693 | €506,949 | -€5,744 | -1.1% |
| Equity | 10/15 | €41,847 | €86,082 | +€44,236 | +106% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,450 | €72,650 | +€44,200 | +155% |
| Distributable reserves | 133 | €28,450 | €72,650 | +€44,200 | +155% |
| Profit (loss) carried forward | 14 | €997 | €1,032 | +€36 | +3.6% |
| Amounts payable | 17/49 | €470,847 | €420,867 | -€49,980 | -10.6% |
| Amounts payable after more than one year | 17 | €336,825 | €301,432 | -€35,393 | -10.5% |
| Financial debts | 170/4 | €336,825 | €301,432 | -€35,393 | -10.5% |
| Amounts payable within one year | 42/48 | €134,022 | €119,435 | -€14,587 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €44,880 | €35,393 | -€9,487 | -21.1% |
| Financial debts | 43 | €123 | €33,724 | +€33,601 | +27,309% |
| Credit institutions | 430/8 | €123 | €33,724 | +€33,601 | +27,309% |
| Trade debts | 44 | €12,395 | €40,164 | +€27,769 | +224% |
| Suppliers | 440/4 | €12,395 | €40,164 | +€27,769 | +224% |
| Taxes, remuneration and social security | 45 | €14,551 | €10,154 | -€4,397 | -30.2% |
| Taxes | 450/3 | €14,551 | €10,154 | -€4,397 | -30.2% |
| Other amounts payable | 47/48 | €62,073 | - | -€62,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,884 | €26,628 | +€1,744 | +7.0% |
| Other operating charges | 640/8 | €6,706 | €3,674 | -€3,033 | -45.2% |
| Non-recurring operating charges | 66A | €550 | €100 | -€450 | -81.8% |
| Gross operating margin | 9900 | €71,321 | €120,007 | +€48,686 | +68.3% |
| Operating profit (loss) | 9901 | €39,181 | €89,605 | +€50,424 | +129% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.6% |
| Financial charges | 65/66B | €7,232 | €10,323 | +€3,091 | +42.7% |
| Recurring financial charges | 65 | €7,232 | €10,323 | +€3,091 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €31,949 | €79,282 | +€47,333 | +148% |
| Income taxes | 67/77 | €3,422 | €35,046 | +€31,624 | +924% |
| Profit (loss) for the period | 9904 | €28,527 | €44,236 | +€15,709 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,527 | €44,236 | +€15,709 | +55.1% |
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 13 October 2026 via checked.be.