GTMT: 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.
GTMT
Largest movements
- Tangible fixed assets -€16,275
down €16,275 (-33.6%), from €48,394 to €32,119
of which Leasing and similar rights: -€12,850
- Cash -€2,534
down €2,534 (-14.2%), from €17,859 to €15,325
mainly Debts after one year (-€24,728) and Trade debts (-€1,206)
- Debts after one year -€24,728
down €24,728 (-68.5%), from €36,086 to €11,359
- Reserves +€6,608
up €6,608 (+14.0%), from €47,305 to €53,912
- Gross operating margin -€15,792
down €15,792 (-32.2%), from €49,106 to €33,314
- Taxes -€3,905
down €3,905 (-38.4%), from €10,166 to €6,261
- Financial charges -€826
down €826 (-29.5%), from €2,797 to €1,971
- Depreciation +€542
up €542 (+3.4%), from €15,733 to €16,275
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 | €127,532 | €109,129 | -€18,403 | -14.4% |
| Fixed assets | 21/28 | €50,899 | €34,624 | -€16,275 | -32.0% |
| Tangible fixed assets | 22/27 | €48,394 | €32,119 | -€16,275 | -33.6% |
| Land and buildings | 22 | €3,159 | €2,785 | -€374 | -11.8% |
| Plant, machinery and equipment | 23 | €4,144 | €3,539 | -€605 | -14.6% |
| Furniture and vehicles | 24 | €6,063 | €3,617 | -€2,447 | -40.4% |
| Leasing and similar rights | 25 | €35,028 | €22,179 | -€12,850 | -36.7% |
| Financial fixed assets | 28 | €2,505 | €2,505 | = | 0.0% |
| Current assets | 29/58 | €76,632 | €74,505 | -€2,127 | -2.8% |
| Amounts receivable within one year | 40/41 | €57,855 | €57,487 | -€368 | -0.6% |
| Trade receivables | 40 | €5,978 | €3,871 | -€2,107 | -35.3% |
| Other amounts receivable | 41 | €51,877 | €53,616 | +€1,739 | +3.4% |
| Cash at bank and in hand | 54/58 | €17,859 | €15,325 | -€2,534 | -14.2% |
| Deferred charges and accrued income | 490/1 | €918 | €1,693 | +€775 | +84.4% |
| Total equity and liabilities | 10/49 | €127,532 | €109,129 | -€18,403 | -14.4% |
| Equity | 10/15 | €49,805 | €56,412 | +€6,608 | +13.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,305 | €53,912 | +€6,608 | +14.0% |
| Distributable reserves | 133 | €47,305 | €53,912 | +€6,608 | +14.0% |
| Amounts payable | 17/49 | €77,727 | €52,717 | -€25,010 | -32.2% |
| Amounts payable after more than one year | 17 | €36,086 | €11,359 | -€24,728 | -68.5% |
| Financial debts | 170/4 | €36,086 | €11,359 | -€24,728 | -68.5% |
| Amounts payable within one year | 42/48 | €41,641 | €41,358 | -€283 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €26,458 | €27,419 | +€961 | +3.6% |
| Trade debts | 44 | €4,948 | €3,742 | -€1,206 | -24.4% |
| Suppliers | 440/4 | €4,948 | €3,742 | -€1,206 | -24.4% |
| Taxes, remuneration and social security | 45 | €10,166 | €10,166 | = | 0.0% |
| Taxes | 450/3 | €10,166 | €10,166 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €68 | €31 | -€37 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,733 | €16,275 | +€542 | +3.4% |
| Other operating charges | 640/8 | €4,254 | €4,077 | -€177 | -4.2% |
| Non-recurring operating charges | 66A | €648 | €0 | -€648 | -100.0% |
| Gross operating margin | 9900 | €49,106 | €33,314 | -€15,792 | -32.2% |
| Operating profit (loss) | 9901 | €28,471 | €12,962 | -€15,509 | -54.5% |
| Financial income | 75/76B | €1,877 | €1,877 | = | 0.0% |
| Recurring financial income | 75 | €1,877 | €1,877 | = | 0.0% |
| Financial charges | 65/66B | €2,797 | €1,971 | -€826 | -29.5% |
| Recurring financial charges | 65 | €2,797 | €1,971 | -€826 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €27,551 | €12,869 | -€14,682 | -53.3% |
| Income taxes | 67/77 | €10,166 | €6,261 | -€3,905 | -38.4% |
| Profit (loss) for the period | 9904 | €17,385 | €6,608 | -€10,777 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,385 | €6,608 | -€10,777 | -62.0% |
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 12 October 2026 via checked.be.