GTINO: 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.
GTINO
Largest movements
- Cash +€23,982
up €23,982 (+51.6%), from €46,508 to €70,489
mainly Net result for the year (+€26,956) and Depreciation (+€24,039)
- Tangible fixed assets -€20,688
down €20,688 (-6.0%), from €342,811 to €322,123
of which Land and buildings: -€19,288
- Stocks and contracts -€10,078
down €10,078 (-4.2%), from €240,082 to €230,004
- Other debts -€29,111
down €29,111 (-66.6%), from €43,678 to €14,567
- Reserves +€26,956
up €26,956 (+9.0%), from €299,230 to €326,187
- Debts after one year -€18,273
down €18,273 (-8.0%), from €228,745 to €210,472
of which Financial debts: -€18,273
- Trade debts +€15,017
up €15,017 (+326%), from €4,611 to €19,628
- Gross operating margin -€17,369
down €17,369 (-14.0%), from €124,326 to €106,957
- Taxes -€5,709
down €5,709 (-29.1%), from €19,647 to €13,939
- Financial charges -€1,321
down €1,321 (-10.2%), from €12,999 to €11,679
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 | €641,303 | €636,738 | -€4,565 | -0.7% |
| Fixed assets | 21/28 | €344,896 | €325,082 | -€19,813 | -5.7% |
| Intangible fixed assets | 21 | €1,905 | €2,779 | +€874 | +45.9% |
| Tangible fixed assets | 22/27 | €342,811 | €322,123 | -€20,688 | -6.0% |
| Land and buildings | 22 | €336,508 | €317,220 | -€19,288 | -5.7% |
| Furniture and vehicles | 24 | €3,832 | €2,932 | -€900 | -23.5% |
| Other tangible fixed assets | 26 | €2,471 | €1,971 | -€500 | -20.2% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €296,407 | €311,655 | +€15,248 | +5.1% |
| Stocks and contracts in progress | 3 | €240,082 | €230,004 | -€10,078 | -4.2% |
| Stocks | 30/36 | €240,082 | €230,004 | -€10,078 | -4.2% |
| Amounts receivable within one year | 40/41 | €4,007 | €5,812 | +€1,805 | +45.0% |
| Trade receivables | 40 | €3,615 | €4,319 | +€704 | +19.5% |
| Other amounts receivable | 41 | €392 | €1,493 | +€1,101 | +281% |
| Cash at bank and in hand | 54/58 | €46,508 | €70,489 | +€23,982 | +51.6% |
| Deferred charges and accrued income | 490/1 | €5,811 | €5,350 | -€461 | -7.9% |
| Total equity and liabilities | 10/49 | €641,303 | €636,738 | -€4,565 | -0.7% |
| Equity | 10/15 | €311,630 | €338,587 | +€26,956 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €299,230 | €326,187 | +€26,956 | +9.0% |
| Distributable reserves | 133 | €299,230 | €326,187 | +€26,956 | +9.0% |
| Amounts payable | 17/49 | €329,673 | €298,151 | -€31,522 | -9.6% |
| Amounts payable after more than one year | 17 | €228,745 | €210,472 | -€18,273 | -8.0% |
| Financial debts | 170/4 | €155,745 | €137,472 | -€18,273 | -11.7% |
| Other amounts payable | 178/9 | €73,000 | €73,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,653 | €83,903 | -€12,750 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €18,005 | €18,273 | +€268 | +1.5% |
| Trade debts | 44 | €4,611 | €19,628 | +€15,017 | +326% |
| Suppliers | 440/4 | €4,611 | €19,628 | +€15,017 | +326% |
| Taxes, remuneration and social security | 45 | €30,358 | €31,434 | +€1,076 | +3.5% |
| Taxes | 450/3 | €23,077 | €22,707 | -€369 | -1.6% |
| Remuneration and social security | 454/9 | €7,281 | €8,727 | +€1,446 | +19.9% |
| Other amounts payable | 47/48 | €43,678 | €14,567 | -€29,111 | -66.6% |
| Accrued charges and deferred income | 492/3 | €4,275 | €3,777 | -€498 | -11.7% |
| Remuneration, social security and pensions | 62 | €28,155 | €28,713 | +€559 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,324 | €24,039 | +€715 | +3.1% |
| Other operating charges | 640/8 | €2,148 | €2,213 | +€64 | +3.0% |
| Gross operating margin | 9900 | €124,326 | €106,957 | -€17,369 | -14.0% |
| Operating profit (loss) | 9901 | €70,699 | €51,992 | -€18,707 | -26.5% |
| Financial income | 75/76B | €766 | €581 | -€185 | -24.1% |
| Recurring financial income | 75 | €766 | €581 | -€185 | -24.1% |
| Financial charges | 65/66B | €12,999 | €11,679 | -€1,321 | -10.2% |
| Recurring financial charges | 65 | €12,999 | €11,679 | -€1,321 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €58,466 | €40,895 | -€17,571 | -30.1% |
| Income taxes | 67/77 | €19,647 | €13,939 | -€5,709 | -29.1% |
| Profit (loss) for the period | 9904 | €38,819 | €26,956 | -€11,862 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,819 | €26,956 | -€11,862 | -30.6% |
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 27 October 2026 via checked.be.