GTPneumo: 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.
GTPneumo
Largest movements
- Cash -€236,037
down €236,037 (-67.7%), from €348,682 to €112,645
mainly Contributions, distributions and other (-€489,425) and Debts after one year (-€50,622)
- Intangible fixed assets -€35,725
down €35,725 (-75.4%), from €47,395 to €11,670
- Receivables within one year -€4,979
down €4,979 (-63.3%), from €7,866 to €2,887
- Profit (loss) carried forward -€355,820
down €355,820 (-100%), from €355,820 to €0
- Other debts +€134,343
up €134,343 (+30,869%), from €435 to €134,778
- Debts after one year -€50,622
down €50,622 (-75.7%), from €66,883 to €16,261
- Gross operating margin -€4,623
down €4,623 (-2.0%), from €235,344 to €230,720
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 | €485,961 | €208,673 | -€277,288 | -57.1% |
| Fixed assets | 21/28 | €103,206 | €66,906 | -€36,301 | -35.2% |
| Intangible fixed assets | 21 | €47,395 | €11,670 | -€35,725 | -75.4% |
| Tangible fixed assets | 22/27 | €55,811 | €55,236 | -€576 | -1.0% |
| Plant, machinery and equipment | 23 | - | €12,296 | +€12,296 | |
| Furniture and vehicles | 24 | €52,738 | €38,036 | -€14,702 | -27.9% |
| Other tangible fixed assets | 26 | €3,073 | €4,904 | +€1,830 | +59.6% |
| Current assets | 29/58 | €382,754 | €141,767 | -€240,987 | -63.0% |
| Amounts receivable within one year | 40/41 | €7,866 | €2,887 | -€4,979 | -63.3% |
| Other amounts receivable | 41 | €7,866 | €2,887 | -€4,979 | -63.3% |
| Cash at bank and in hand | 54/58 | €348,682 | €112,645 | -€236,037 | -67.7% |
| Deferred charges and accrued income | 490/1 | €26,206 | €26,235 | +€28 | +0.1% |
| Total equity and liabilities | 10/49 | €485,961 | €208,673 | -€277,288 | -57.1% |
| Equity | 10/15 | €362,020 | €6,200 | -€355,820 | -98.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €355,820 | €0 | -€355,820 | -100% |
| Amounts payable | 17/49 | €123,940 | €202,473 | +€78,532 | +63.4% |
| Amounts payable after more than one year | 17 | €66,883 | €16,261 | -€50,622 | -75.7% |
| Financial debts | 170/4 | €66,883 | €16,261 | -€50,622 | -75.7% |
| Amounts payable within one year | 42/48 | €54,911 | €186,211 | +€131,300 | +239% |
| Current portion of amounts payable after more than one year | 42 | €53,785 | €50,622 | -€3,163 | -5.9% |
| Trade debts | 44 | €691 | €812 | +€121 | +17.4% |
| Suppliers | 440/4 | €691 | €812 | +€121 | +17.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €435 | €134,778 | +€134,343 | +30,869% |
| Accrued charges and deferred income | 492/3 | €2,146 | €0 | -€2,146 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,144 | €55,100 | +€1,956 | +3.7% |
| Other operating charges | 640/8 | €916 | €939 | +€23 | +2.5% |
| Gross operating margin | 9900 | €235,344 | €230,720 | -€4,623 | -2.0% |
| Operating profit (loss) | 9901 | €181,284 | €174,682 | -€6,602 | -3.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,859 | €1,243 | -€615 | -33.1% |
| Recurring financial charges | 65 | €1,859 | €1,243 | -€615 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €179,425 | €173,438 | -€5,987 | -3.3% |
| Income taxes | 67/77 | €41,280 | €39,833 | -€1,446 | -3.5% |
| Profit (loss) for the period | 9904 | €138,145 | €133,605 | -€4,540 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,145 | €133,605 | -€4,540 | -3.3% |
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 13 October 2026 via checked.be.