GTGN: 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.
GTGN
Largest movements
- Cash +€143,433
up €143,433 (+45.9%), from €312,619 to €456,051
mainly Net result for the year (+€72,783) and Current investments (+€65,000)
- Current investments -€65,000
down €65,000 (-81.3%), from €80,000 to €15,000
- Tangible fixed assets -€36,556
down €36,556 (-20.5%), from €177,973 to €141,418
of which Furniture and vehicles: -€18,333
- Reserves +€49,378
up €49,378 (+9.6%), from €514,633 to €564,011
- Trade debts -€11,432
down €11,432 (-83.9%), from €13,619 to €2,187
- Gross operating margin -€25,817
down €25,817 (-13.2%), from €195,486 to €169,668
- Taxes -€12,596
down €12,596 (-30.7%), from €40,979 to €28,383
- Financial charges +€10,531
up €10,531 (+39.1%), from €26,911 to €37,441
- Depreciation +€3,305
up €3,305 (+9.9%), from €33,250 to €36,556
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 | €628,134 | €668,335 | +€40,201 | +6.4% |
| Fixed assets | 21/28 | €177,973 | €141,418 | -€36,556 | -20.5% |
| Tangible fixed assets | 22/27 | €177,973 | €141,418 | -€36,556 | -20.5% |
| Land and buildings | 22 | €92,234 | €85,274 | -€6,960 | -7.5% |
| Plant, machinery and equipment | 23 | €8,566 | €2,724 | -€5,841 | -68.2% |
| Furniture and vehicles | 24 | €66,331 | €47,998 | -€18,333 | -27.6% |
| Leasing and similar rights | 25 | €10,842 | €5,421 | -€5,421 | -50.0% |
| Current assets | 29/58 | €450,161 | €526,917 | +€76,757 | +17.1% |
| Stocks and contracts in progress | 3 | €26,151 | €21,844 | -€4,306 | -16.5% |
| Stocks | 30/36 | €26,151 | €21,844 | -€4,306 | -16.5% |
| Amounts receivable within one year | 40/41 | €26,794 | €30,802 | +€4,009 | +15.0% |
| Trade receivables | 40 | €14,118 | €23,154 | +€9,036 | +64.0% |
| Other amounts receivable | 41 | €12,676 | €7,648 | -€5,028 | -39.7% |
| Current investments | 50/53 | €80,000 | €15,000 | -€65,000 | -81.3% |
| Cash at bank and in hand | 54/58 | €312,619 | €456,051 | +€143,433 | +45.9% |
| Deferred charges and accrued income | 490/1 | €4,598 | €3,219 | -€1,378 | -30.0% |
| Total equity and liabilities | 10/49 | €628,134 | €668,335 | +€40,201 | +6.4% |
| Equity | 10/15 | €592,256 | €641,633 | +€49,378 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €514,633 | €564,011 | +€49,378 | +9.6% |
| Distributable reserves | 133 | €514,633 | €564,011 | +€49,378 | +9.6% |
| Profit (loss) carried forward | 14 | €71,423 | €71,423 | = | 0.0% |
| Amounts payable | 17/49 | €35,878 | €26,702 | -€9,176 | -25.6% |
| Amounts payable within one year | 42/48 | €35,878 | €26,232 | -€9,646 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €1,084 | - | -€1,084 | |
| Trade debts | 44 | €13,619 | €2,187 | -€11,432 | -83.9% |
| Suppliers | 440/4 | €13,619 | €2,187 | -€11,432 | -83.9% |
| Taxes, remuneration and social security | 45 | €19,872 | €24,045 | +€4,174 | +21.0% |
| Taxes | 450/3 | €19,872 | €24,045 | +€4,174 | +21.0% |
| Other amounts payable | 47/48 | €1,304 | - | -€1,304 | |
| Accrued charges and deferred income | 492/3 | - | €470 | +€470 | |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,250 | €36,556 | +€3,305 | +9.9% |
| Other operating charges | 640/8 | €1,249 | €1,209 | -€40 | -3.2% |
| Gross operating margin | 9900 | €195,486 | €169,668 | -€25,817 | -13.2% |
| Operating profit (loss) | 9901 | €160,987 | €131,904 | -€29,083 | -18.1% |
| Financial income | 75/76B | €6,519 | €6,703 | +€184 | +2.8% |
| Recurring financial income | 75 | €6,519 | €6,703 | +€184 | +2.8% |
| Financial charges | 65/66B | €26,911 | €37,441 | +€10,531 | +39.1% |
| Recurring financial charges | 65 | €26,911 | €37,441 | +€10,531 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €140,595 | €101,165 | -€39,430 | -28.0% |
| Income taxes | 67/77 | €40,979 | €28,383 | -€12,596 | -30.7% |
| Profit (loss) for the period | 9904 | €99,616 | €72,783 | -€26,834 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,616 | €72,783 | -€26,834 | -26.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.