GTF: 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.
GTF
Largest movements
- Receivables within one year +€7,625
up €7,625 (+479.4%), from €1,591 to €9,216
of which Trade receivables: +€7,932
- Tangible fixed assets -€669
down €669 (-22.3%), from €3,003 to €2,333
of which Plant, machinery and equipment: -€529
- Cash -€311
down €311 (-6.9%), from €4,530 to €4,219
mainly Other debts (-€11,076) and Receivables within one year (-€7,625)
- Profit (loss) carried forward +€12,027
up €12,027 (+26.0%), from -€46,174 to -€34,147
- Other debts -€11,076
down €11,076 (-27.6%), from €40,185 to €29,109
- Tax, wage and social debts +€5,463
up €5,463 (+254.1%), from €2,150 to €7,612
of which Remuneration and social security: +€4,010
- Accrued charges and deferred income +€2,000
up €2,000 (+412.4%), from €485 to €2,485
- Trade debts -€1,983
down €1,983 (-100.0%), from €1,983 to €0
- Staff costs -€8,024
down €8,024 (-43.7%), from €18,379 to €10,355
- Other operating charges -€1,113
down €1,113 (-46.4%), from €2,398 to €1,286
- Gross operating margin +€554
up €554 (+2.3%), from €23,974 to €24,528
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,228 | €23,660 | +€6,431 | +37.3% |
| Fixed assets | 21/28 | €3,003 | €2,333 | -€669 | -22.3% |
| Tangible fixed assets | 22/27 | €3,003 | €2,333 | -€669 | -22.3% |
| Plant, machinery and equipment | 23 | €2,723 | €2,194 | -€529 | -19.4% |
| Furniture and vehicles | 24 | €280 | €140 | -€140 | -50.0% |
| Current assets | 29/58 | €14,226 | €21,326 | +€7,100 | +49.9% |
| Amounts receivable within one year | 40/41 | €1,591 | €9,216 | +€7,625 | +479.4% |
| Trade receivables | 40 | €1,282 | €9,215 | +€7,932 | +618.6% |
| Other amounts receivable | 41 | €308 | €1 | -€307 | -99.5% |
| Cash at bank and in hand | 54/58 | €4,530 | €4,219 | -€311 | -6.9% |
| Deferred charges and accrued income | 490/1 | €8,105 | €7,891 | -€214 | -2.6% |
| Total equity and liabilities | 10/49 | €17,228 | €23,660 | +€6,431 | +37.3% |
| Equity | 10/15 | -€27,574 | -€15,547 | +€12,027 | +43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,174 | -€34,147 | +€12,027 | +26.0% |
| Amounts payable | 17/49 | €44,803 | €39,207 | -€5,596 | -12.5% |
| Amounts payable within one year | 42/48 | €44,318 | €36,722 | -€7,596 | -17.1% |
| Trade debts | 44 | €1,983 | €0 | -€1,983 | -100.0% |
| Suppliers | 440/4 | €1,983 | €0 | -€1,983 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,150 | €7,612 | +€5,463 | +254.1% |
| Taxes | 450/3 | €1,409 | €2,862 | +€1,453 | +103.2% |
| Remuneration and social security | 454/9 | €741 | €4,751 | +€4,010 | +541.3% |
| Other amounts payable | 47/48 | €40,185 | €29,109 | -€11,076 | -27.6% |
| Accrued charges and deferred income | 492/3 | €485 | €2,485 | +€2,000 | +412.4% |
| Remuneration, social security and pensions | 62 | €18,379 | €10,355 | -€8,024 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €669 | +€195 | +41.0% |
| Other operating charges | 640/8 | €2,398 | €1,286 | -€1,113 | -46.4% |
| Gross operating margin | 9900 | €23,974 | €24,528 | +€554 | +2.3% |
| Operating profit (loss) | 9901 | €2,723 | €12,218 | +€9,495 | +348.8% |
| Financial charges | 65/66B | €160 | €191 | +€30 | +18.9% |
| Recurring financial charges | 65 | €160 | €191 | +€30 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €2,562 | €12,027 | +€9,465 | +369.4% |
| Profit (loss) for the period | 9904 | €2,562 | €12,027 | +€9,465 | +369.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,562 | €12,027 | +€9,465 | +369.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.