GTIK: 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.
GTIK
Largest movements
- Financial fixed assets -€189,299
down €189,299 (-97.2%), from €194,799 to €5,500
- Cash +€95,173
up €95,173 (+635%), from €14,992 to €110,165
mainly Investment in fixed assets (net) (+€189,299) and Accrued charges and deferred income (+€11,000)
- Receivables within one year +€23,249
up €23,249 (+35.8%), from €65,031 to €88,280
of which Other amounts receivable: +€12,339
- Tangible fixed assets -€5,625
down €5,625 (-11.1%), from €50,811 to €45,186
of which Furniture and vehicles: -€5,625
- Reserves -€30,000
down €30,000 (-87.4%), from €34,343 to €4,343
of which Distributable reserves: -€30,000
- Profit (loss) carried forward -€25,285
down €25,285 (-13.0%), from €193,778 to €168,494
- Short-term financial debts -€23,000
down €23,000 (-65.7%), from €35,000 to €12,000
- Accrued charges and deferred income +€11,000
up €11,000, from €0 to €11,000
- Debts after one year -€6,166
down €6,166 (-100%), from €6,166 to €0
- Gross operating margin -€26,338
down €26,338, from €21,334 to -€5,004
- Taxes -€6,556
down €6,556 (-65.2%), from €10,060 to €3,504
- Depreciation +€3,827
up €3,827 (+213%), from €1,798 to €5,625
- Other operating charges -€331
down €331 (-39.4%), from €839 to €508
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 | €330,696 | €258,743 | -€71,953 | -21.8% |
| Fixed assets | 21/28 | €245,610 | €50,686 | -€194,924 | -79.4% |
| Tangible fixed assets | 22/27 | €50,811 | €45,186 | -€5,625 | -11.1% |
| Furniture and vehicles | 24 | €15,077 | €9,452 | -€5,625 | -37.3% |
| Other tangible fixed assets | 26 | €35,734 | €35,734 | = | 0.0% |
| Financial fixed assets | 28 | €194,799 | €5,500 | -€189,299 | -97.2% |
| Current assets | 29/58 | €85,086 | €208,057 | +€122,971 | +145% |
| Amounts receivable within one year | 40/41 | €65,031 | €88,280 | +€23,249 | +35.8% |
| Trade receivables | 40 | €42,676 | €53,586 | +€10,910 | +25.6% |
| Other amounts receivable | 41 | €22,355 | €34,694 | +€12,339 | +55.2% |
| Current investments | 50/53 | €4,200 | €6,417 | +€2,217 | +52.8% |
| Cash at bank and in hand | 54/58 | €14,992 | €110,165 | +€95,173 | +635% |
| Deferred charges and accrued income | 490/1 | €864 | €3,194 | +€2,331 | +270% |
| Total equity and liabilities | 10/49 | €330,696 | €258,743 | -€71,953 | -21.8% |
| Equity | 10/15 | €240,621 | €185,336 | -€55,285 | -23.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €34,343 | €4,343 | -€30,000 | -87.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €34,343 | €4,343 | -€30,000 | -87.4% |
| Profit (loss) carried forward | 14 | €193,778 | €168,494 | -€25,285 | -13.0% |
| Amounts payable | 17/49 | €90,075 | €73,406 | -€16,669 | -18.5% |
| Amounts payable after more than one year | 17 | €6,166 | €0 | -€6,166 | -100% |
| Financial debts | 170/4 | €6,166 | €0 | -€6,166 | -100% |
| Amounts payable within one year | 42/48 | €83,909 | €62,406 | -€21,503 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €7,934 | €6,166 | -€1,768 | -22.3% |
| Financial debts | 43 | €35,000 | €12,000 | -€23,000 | -65.7% |
| Credit institutions | 430/8 | €35,000 | €12,000 | -€23,000 | -65.7% |
| Trade debts | 44 | €2,461 | €5,671 | +€3,210 | +130% |
| Suppliers | 440/4 | €2,461 | €5,671 | +€3,210 | +130% |
| Taxes, remuneration and social security | 45 | €9,011 | €8,570 | -€441 | -4.9% |
| Taxes | 450/3 | €9,011 | €8,570 | -€441 | -4.9% |
| Other amounts payable | 47/48 | €29,503 | €30,000 | +€497 | +1.7% |
| Accrued charges and deferred income | 492/3 | €0 | €11,000 | +€11,000 | |
| Non-recurring operating income | 76A | - | €31,434 | +€31,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,798 | €5,625 | +€3,827 | +213% |
| Other operating charges | 640/8 | €839 | €508 | -€331 | -39.4% |
| Non-recurring operating charges | 66A | €8,000 | €4,716 | -€3,284 | -41.0% |
| Gross operating margin | 9900 | €21,334 | -€5,004 | -€26,338 | |
| Operating profit (loss) | 9901 | €10,697 | -€15,853 | -€26,550 | |
| Financial income | 75/76B | €31 | €14 | -€17 | -54.6% |
| Recurring financial income | 75 | €31 | €14 | -€17 | -54.6% |
| Financial charges | 65/66B | €5,782 | €5,941 | +€160 | +2.8% |
| Recurring financial charges | 65 | €5,782 | €5,941 | +€160 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €4,946 | -€21,780 | -€26,727 | |
| Income taxes | 67/77 | €10,060 | €3,504 | -€6,556 | -65.2% |
| Profit (loss) for the period | 9904 | -€5,114 | -€25,285 | -€20,171 | -394% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,114 | -€25,285 | -€20,171 | -394% |
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 13 October 2026 via checked.be.