GTS GROUP: 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 GROUP
Largest movements
- Financial fixed assets -€14,000
no longer reported in 2025 (was €14,000)
- Receivables within one year -€5,455
down €5,455 (-8.4%), from €65,040 to €59,585
of which Trade receivables: -€16,589
- Cash +€4,213
new in 2025: €4,213
mainly Investment in fixed assets (net) (+€12,249) and Receivables within one year (+€5,455)
- Tangible fixed assets -€2,985
down €2,985 (-25.0%), from €11,942 to €8,956
of which Plant, machinery and equipment: -€2,737
- Stocks and contracts -€2,149
down €2,149 (-20.0%), from €10,744 to €8,595
- Tax, wage and social debts -€12,478
down €12,478 (-71.8%), from €17,378 to €4,900
of which Taxes: -€11,478
- Short-term financial debts -€10,088
no longer reported in 2025 (was €10,088)
- Trade debts +€1,848
new in 2025: €1,848
- Gross operating margin -€20,378
down €20,378 (-62.2%), from €32,787 to €12,409
- Financial charges -€11,088
down €11,088 (-77.3%), from €14,338 to €3,250
of which Non-recurring financial charges: -€10,983
- Taxes -€3,180
down €3,180 (-62.6%), from €5,080 to €1,900
- Other operating charges -€1,547
down €1,547 (-44.9%), from €3,444 to €1,897
- Staff costs -€646
no longer reported in 2025 (was €646)
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 | €111,525 | €90,495 | -€21,030 | -18.9% |
| Fixed assets | 21/28 | €25,942 | €8,956 | -€16,985 | -65.5% |
| Tangible fixed assets | 22/27 | €11,942 | €8,956 | -€2,985 | -25.0% |
| Plant, machinery and equipment | 23 | €3,122 | €385 | -€2,737 | -87.7% |
| Furniture and vehicles | 24 | €8,820 | €8,571 | -€249 | -2.8% |
| Financial fixed assets | 28 | €14,000 | - | -€14,000 | |
| Current assets | 29/58 | €85,584 | €81,539 | -€4,045 | -4.7% |
| Amounts receivable after more than one year | 29 | €9,146 | €9,146 | = | 0.0% |
| Other amounts receivable | 291 | €9,146 | €9,146 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,744 | €8,595 | -€2,149 | -20.0% |
| Stocks | 30/36 | €10,744 | €8,595 | -€2,149 | -20.0% |
| Amounts receivable within one year | 40/41 | €65,040 | €59,585 | -€5,455 | -8.4% |
| Trade receivables | 40 | €28,589 | €12,000 | -€16,589 | -58.0% |
| Other amounts receivable | 41 | €36,451 | €47,585 | +€11,134 | +30.5% |
| Cash at bank and in hand | 54/58 | - | €4,213 | +€4,213 | |
| Deferred charges and accrued income | 490/1 | €654 | - | -€654 | |
| Total equity and liabilities | 10/49 | €111,525 | €90,495 | -€21,030 | -18.9% |
| Equity | 10/15 | €83,059 | €83,747 | +€688 | +0.8% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Capital | 10 | €27,500 | €27,500 | = | 0.0% |
| Issued capital | 100 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €55,559 | €56,247 | +€688 | +1.2% |
| Non-distributable reserves | 130/1 | €2,750 | €2,750 | = | 0.0% |
| Legal reserve | 130 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €52,809 | €53,497 | +€688 | +1.3% |
| Amounts payable | 17/49 | €28,466 | €6,748 | -€21,719 | -76.3% |
| Amounts payable within one year | 42/48 | €27,466 | €6,748 | -€20,719 | -75.4% |
| Financial debts | 43 | €10,088 | - | -€10,088 | |
| Credit institutions | 430/8 | €10,088 | - | -€10,088 | |
| Trade debts | 44 | - | €1,848 | +€1,848 | |
| Suppliers | 440/4 | - | €1,848 | +€1,848 | |
| Taxes, remuneration and social security | 45 | €17,378 | €4,900 | -€12,478 | -71.8% |
| Taxes | 450/3 | €16,378 | €4,900 | -€11,478 | -70.1% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €646 | - | -€646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,108 | €4,737 | -€371 | -7.3% |
| Other operating charges | 640/8 | €3,444 | €1,897 | -€1,547 | -44.9% |
| Gross operating margin | 9900 | €32,787 | €12,409 | -€20,378 | -62.2% |
| Operating profit (loss) | 9901 | €23,588 | €5,775 | -€17,813 | -75.5% |
| Financial income | 75/76B | €125 | €86 | -€40 | -31.5% |
| Recurring financial income | 75 | €125 | €86 | -€40 | -31.5% |
| Financial charges | 65/66B | €14,338 | €3,250 | -€11,088 | -77.3% |
| Recurring financial charges | 65 | €3,355 | €3,250 | -€105 | -3.1% |
| Non-recurring financial charges | 66B | €10,983 | - | -€10,983 | |
| Profit (loss) for the period before taxes | 9903 | €9,375 | €2,610 | -€6,765 | -72.2% |
| Income taxes | 67/77 | €5,080 | €1,900 | -€3,180 | -62.6% |
| Profit (loss) for the period | 9904 | €4,295 | €710 | -€3,585 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,295 | €710 | -€3,585 | -83.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.