GTS SOLUTIONS: what changed
Two fiscal 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 SOLUTIONS
Largest movements
- Cash -€12,147
down €12,147 (-97.7%), from €12,439 to €292
mainly Debts after one year (-€29,582) and Trade debts (-€1,284)
- Tangible fixed assets -€10,238
down €10,238 (-4.3%), from €238,233 to €227,995
- Receivables within one year -€3,943
down €3,943 (-55.7%), from €7,082 to €3,139
of which Trade receivables: -€4,626
- Debts after one year -€29,582
down €29,582 (-20.0%), from €148,031 to €118,449
- Profit (loss) carried forward +€3,035
up €3,035 (+8.6%), from €35,449 to €38,485
- Gross operating margin -€23,168
down €23,168 (-54.4%), from €42,556 to €19,388
- Taxes -€2,961
down €2,961 (-72.8%), from €4,066 to €1,105
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 | €266,381 | €237,652 | -€28,729 | -10.8% |
| Fixed assets | 21/28 | €238,233 | €227,995 | -€10,238 | -4.3% |
| Tangible fixed assets | 22/27 | €238,233 | €227,995 | -€10,238 | -4.3% |
| Land and buildings | 22 | €238,233 | €227,995 | -€10,238 | -4.3% |
| Current assets | 29/58 | €28,148 | €9,658 | -€18,490 | -65.7% |
| Amounts receivable within one year | 40/41 | €7,082 | €3,139 | -€3,943 | -55.7% |
| Trade receivables | 40 | €7,082 | €2,456 | -€4,626 | -65.3% |
| Other amounts receivable | 41 | - | €683 | +€683 | |
| Cash at bank and in hand | 54/58 | €12,439 | €292 | -€12,147 | -97.7% |
| Deferred charges and accrued income | 490/1 | €8,628 | €6,227 | -€2,401 | -27.8% |
| Total equity and liabilities | 10/49 | €266,381 | €237,652 | -€28,729 | -10.8% |
| Equity | 10/15 | €45,449 | €48,485 | +€3,035 | +6.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,449 | €38,485 | +€3,035 | +8.6% |
| Amounts payable | 17/49 | €220,932 | €189,167 | -€31,764 | -14.4% |
| Amounts payable after more than one year | 17 | €148,031 | €118,449 | -€29,582 | -20.0% |
| Financial debts | 170/4 | €148,031 | €118,449 | -€29,582 | -20.0% |
| Amounts payable within one year | 42/48 | €72,900 | €70,718 | -€2,182 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €34,950 | €34,950 | = | 0.0% |
| Trade debts | 44 | €7,578 | €6,294 | -€1,284 | -16.9% |
| Suppliers | 440/4 | €7,578 | €6,294 | -€1,284 | -16.9% |
| Taxes, remuneration and social security | 45 | €6,070 | €5,171 | -€898 | -14.8% |
| Taxes | 450/3 | €6,070 | €5,171 | -€898 | -14.8% |
| Other amounts payable | 47/48 | €24,303 | €24,303 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,238 | €10,238 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,223 | €1,255 | +€32 | +2.6% |
| Gross operating margin | 9900 | €42,556 | €19,388 | -€23,168 | -54.4% |
| Operating profit (loss) | 9901 | €30,707 | €7,495 | -€23,212 | -75.6% |
| Financial income | 75/76B | €247 | - | -€247 | |
| Recurring financial income | 75 | €247 | - | -€247 | |
| Financial charges | 65/66B | €3,244 | €3,355 | +€111 | +3.4% |
| Recurring financial charges | 65 | €3,244 | €3,355 | +€111 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €27,711 | €4,140 | -€23,570 | -85.1% |
| Income taxes | 67/77 | €4,066 | €1,105 | -€2,961 | -72.8% |
| Profit (loss) for the period | 9904 | €23,645 | €3,035 | -€20,609 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,645 | €3,035 | -€20,609 | -87.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.