GTR Lease: 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.
GTR Lease
Largest movements
- Tangible fixed assets -€36,450
down €36,450 (-82.6%), from €44,140 to €7,690
- Cash -€12,282
down €12,282 (-36.3%), from €33,789 to €21,507
mainly Net result for the year (-€36,328) and Trade debts (-€14,697)
- Receivables within one year -€1,279
down €1,279 (-95.6%), from €1,338 to €59
- Profit (loss) carried forward -€36,328
down €36,328 (-12.7%), from -€286,683 to -€323,012
- Trade debts -€14,697
down €14,697 (-98.0%), from €14,995 to €298
- Tax, wage and social debts +€1,330
new in 2025: €1,330
- Gross operating margin +€1,422
up €1,422, from -€1,005 to €417
- Financial charges -€756
down €756 (-89.4%), from €846 to €90
- Financial income -€80
down €80 (-29.0%), from €275 to €195
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €84,312 | €34,617 | -€49,695 | -58.9% |
| Fixed assets | 21/28 | €44,140 | €7,690 | -€36,450 | -82.6% |
| Tangible fixed assets | 22/27 | €44,140 | €7,690 | -€36,450 | -82.6% |
| Plant, machinery and equipment | 23 | €44,140 | €7,690 | -€36,450 | -82.6% |
| Current assets | 29/58 | €40,172 | €26,927 | -€13,245 | -33.0% |
| Amounts receivable within one year | 40/41 | €1,338 | €59 | -€1,279 | -95.6% |
| Other amounts receivable | 41 | €1,338 | €59 | -€1,279 | -95.6% |
| Cash at bank and in hand | 54/58 | €33,789 | €21,507 | -€12,282 | -36.3% |
| Deferred charges and accrued income | 490/1 | €5,045 | €5,362 | +€317 | +6.3% |
| Total equity and liabilities | 10/49 | €84,312 | €34,617 | -€49,695 | -58.9% |
| Equity | 10/15 | -€65,683 | -€102,012 | -€36,328 | -55.3% |
| Contributions | 10/11 | €221,000 | €221,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,683 | -€323,012 | -€36,328 | -12.7% |
| Amounts payable | 17/49 | €149,995 | €136,628 | -€13,367 | -8.9% |
| Amounts payable within one year | 42/48 | €149,995 | €136,628 | -€13,367 | -8.9% |
| Trade debts | 44 | €14,995 | €298 | -€14,697 | -98.0% |
| Suppliers | 440/4 | €14,995 | €298 | -€14,697 | -98.0% |
| Taxes, remuneration and social security | 45 | - | €1,330 | +€1,330 | |
| Taxes | 450/3 | - | €1,330 | +€1,330 | |
| Other amounts payable | 47/48 | €135,000 | €135,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,450 | €36,450 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,005 | €417 | +€1,422 | |
| Operating profit (loss) | 9901 | -€37,843 | -€36,433 | +€1,409 | +3.7% |
| Financial income | 75/76B | €275 | €195 | -€80 | -29.0% |
| Recurring financial income | 75 | €275 | €195 | -€80 | -29.0% |
| Financial charges | 65/66B | €846 | €90 | -€756 | -89.4% |
| Recurring financial charges | 65 | €846 | €90 | -€756 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,413 | -€36,328 | +€2,085 | +5.4% |
| Profit (loss) for the period | 9904 | -€38,413 | -€36,328 | +€2,085 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,413 | -€36,328 | +€2,085 | +5.4% |
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 22 October 2026 via checked.be.