GTS data: 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.
GTS data
Largest movements
- Intangible fixed assets -€76,126
down €76,126 (-33.3%), from €228,377 to €152,251
- Profit (loss) carried forward -€73,056
down €73,056 (-49.6%), from -€147,185 to -€220,241
- Current portion of long-term debt -€4,271
down €4,271 (-91.2%), from €4,682 to €411
- Gross operating margin +€27,101
up €27,101, from -€22,430 to €4,672
- Financial income -€1,456
down €1,456 (-100%), from €1,456 to €0
- Financial charges -€661
down €661 (-37.9%), from €1,743 to €1,082
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 | €232,251 | €154,821 | -€77,429 | -33.3% |
| Fixed assets | 21/28 | €228,377 | €152,251 | -€76,126 | -33.3% |
| Intangible fixed assets | 21 | €228,377 | €152,251 | -€76,126 | -33.3% |
| Current assets | 29/58 | €3,874 | €2,570 | -€1,304 | -33.7% |
| Amounts receivable within one year | 40/41 | €562 | €233 | -€329 | -58.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €562 | €233 | -€329 | -58.6% |
| Cash at bank and in hand | 54/58 | €3,312 | €2,065 | -€1,247 | -37.7% |
| Deferred charges and accrued income | 490/1 | €0 | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €232,251 | €154,821 | -€77,429 | -33.3% |
| Equity | 10/15 | €134,215 | €61,159 | -€73,056 | -54.4% |
| Contributions | 10/11 | €281,400 | €281,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,185 | -€220,241 | -€73,056 | -49.6% |
| Amounts payable | 17/49 | €98,036 | €93,662 | -€4,374 | -4.5% |
| Amounts payable after more than one year | 17 | €411 | €0 | -€411 | -100% |
| Financial debts | 170/4 | €411 | €0 | -€411 | -100% |
| Amounts payable within one year | 42/48 | €97,625 | €93,309 | -€4,316 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €4,682 | €411 | -€4,271 | -91.2% |
| Financial debts | 43 | €316 | €127 | -€189 | -59.7% |
| Credit institutions | 430/8 | €316 | €0 | -€316 | -100% |
| Other loans | 439 | - | €127 | +€127 | |
| Trade debts | 44 | €14,666 | €15,056 | +€390 | +2.7% |
| Suppliers | 440/4 | €14,666 | €15,056 | +€390 | +2.7% |
| Taxes, remuneration and social security | 45 | €361 | €115 | -€246 | -68.2% |
| Taxes | 450/3 | €361 | €115 | -€246 | -68.2% |
| Other amounts payable | 47/48 | €77,599 | €77,599 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €353 | +€353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,126 | €76,126 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€22,430 | €4,672 | +€27,101 | |
| Operating profit (loss) | 9901 | -€99,061 | -€71,974 | +€27,087 | +27.3% |
| Financial income | 75/76B | €1,456 | €0 | -€1,456 | -100% |
| Recurring financial income | 75 | €1,456 | €0 | -€1,456 | -100% |
| Financial charges | 65/66B | €1,743 | €1,082 | -€661 | -37.9% |
| Recurring financial charges | 65 | €1,743 | €1,082 | -€661 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€99,348 | -€73,056 | +€26,292 | +26.5% |
| Profit (loss) for the period | 9904 | -€99,348 | -€73,056 | +€26,292 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,348 | -€73,056 | +€26,292 | +26.5% |
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 25 October 2026 via checked.be.