GTMS: what changed
GTMS
Largest movements
- Cash -€13,655
down €13,655 (-4.2%), from €328,645 to €314,990
mainly Net result for the year (-€7,934) and Receivables within one year (-€6,245)
- Receivables within one year +€6,245
up €6,245 (+2.2%), from €286,036 to €292,281
of which Other amounts receivable: +€6,245
- Profit (loss) carried forward -€7,934
down €7,934 (-4.0%), from -€200,389 to -€208,324
- Depreciation -€2,201
down €2,201 (-80.7%), from €2,727 to €525
- Gross operating margin +€2,090
up €2,090 (+23.8%), from -€8,766 to -€6,676
- Other operating charges -€507
down €507 (-52.4%), from €968 to €460
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,206 | €607,272 | -€7,934 | -1.3% |
| Fixed assets | 21/28 | €525 | - | -€525 | |
| Tangible fixed assets | 22/27 | €525 | - | -€525 | |
| Other tangible fixed assets | 26 | €525 | - | -€525 | |
| Current assets | 29/58 | €614,681 | €607,272 | -€7,409 | -1.2% |
| Amounts receivable within one year | 40/41 | €286,036 | €292,281 | +€6,245 | +2.2% |
| Trade receivables | 40 | €195 | €195 | = | 0.0% |
| Other amounts receivable | 41 | €285,841 | €292,087 | +€6,245 | +2.2% |
| Cash at bank and in hand | 54/58 | €328,645 | €314,990 | -€13,655 | -4.2% |
| Total equity and liabilities | 10/49 | €615,206 | €607,272 | -€7,934 | -1.3% |
| Equity | 10/15 | €614,971 | €607,036 | -€7,934 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €809,160 | €809,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €807,300 | €807,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,389 | -€208,324 | -€7,934 | -4.0% |
| Amounts payable | 17/49 | €235 | €235 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235 | €235 | = | 0.0% |
| Trade debts | 44 | €235 | €235 | = | 0.0% |
| Suppliers | 440/4 | €235 | €235 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727 | €525 | -€2,201 | -80.7% |
| Other operating charges | 640/8 | €968 | €460 | -€507 | -52.4% |
| Gross operating margin | 9900 | -€8,766 | -€6,676 | +€2,090 | +23.8% |
| Operating profit (loss) | 9901 | -€12,460 | -€7,662 | +€4,798 | +38.5% |
| Financial charges | 65/66B | €215 | €273 | +€58 | +26.9% |
| Recurring financial charges | 65 | €215 | €273 | +€58 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,675 | -€7,934 | +€4,740 | +37.4% |
| Profit (loss) for the period | 9904 | -€12,675 | -€7,934 | +€4,740 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,675 | -€7,934 | +€4,740 | +37.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.