GTX: what changed
GTX
Largest movements
- Receivables after one year -€1.4m
no longer reported in 2025 (was €1.4m)
- Financial fixed assets +€1.4m
up €1.4m (+567%), from €250,000 to €1.7m
- Receivables within one year +€35,011
up €35,011 (+69.6%), from €50,312 to €85,323
of which Other amounts receivable: +€35,011
- Other debts +€82,254
up €82,254 (+3.5%), from €2.4m to €2.4m
- Profit (loss) carried forward -€48,522
down €48,522 (-33.2%), from -€146,338 to -€194,861
- Financial charges +€21,494
up €21,494 (+15.6%), from €138,177 to €159,671
of which Financial charges: +€16,494
- Financial income +€7,398
up €7,398 (+6.9%), from €106,647 to €114,045
- Gross operating margin +€4,094
up €4,094 (+71.3%), from -€5,743 to -€1,649
- Taxes -€79
no longer reported in 2025 (was €79)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,221,814 | €2,252,188 | +€30,374 | +1.4% |
| Formation expenses | 20 | €270 | €21 | -€249 | -92.1% |
| Fixed assets | 21/28 | €250,000 | €1,666,497 | +€1.4m | +567% |
| Financial fixed assets | 28 | €250,000 | €1,666,497 | +€1.4m | +567% |
| Current assets | 29/58 | €1,971,544 | €585,669 | -€1.4m | -70.3% |
| Amounts receivable after more than one year | 29 | €1,420,954 | - | -€1.4m | |
| Other amounts receivable | 291 | €1,420,954 | - | -€1.4m | |
| Amounts receivable within one year | 40/41 | €50,312 | €85,323 | +€35,011 | +69.6% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €35,312 | €70,323 | +€35,011 | +99.1% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €278 | €346 | +€68 | +24.5% |
| Total equity and liabilities | 10/49 | €2,221,814 | €2,252,188 | +€30,374 | +1.4% |
| Equity | 10/15 | -€144,338 | -€192,861 | -€48,522 | -33.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,338 | -€194,861 | -€48,522 | -33.2% |
| Amounts payable | 17/49 | €2,366,152 | €2,445,048 | +€78,896 | +3.3% |
| Amounts payable within one year | 42/48 | €2,366,152 | €2,445,048 | +€78,896 | +3.3% |
| Trade debts | 44 | €11,011 | €7,653 | -€3,358 | -30.5% |
| Suppliers | 440/4 | €11,011 | €7,653 | -€3,358 | -30.5% |
| Other amounts payable | 47/48 | €2,355,141 | €2,437,395 | +€82,254 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €249 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€5,743 | -€1,649 | +€4,094 | +71.3% |
| Operating profit (loss) | 9901 | -€6,959 | -€2,896 | +€4,063 | +58.4% |
| Financial income | 75/76B | €106,647 | €114,045 | +€7,398 | +6.9% |
| Recurring financial income | 75 | €106,647 | €114,045 | +€7,398 | +6.9% |
| Financial charges | 65/66B | €138,177 | €159,671 | +€21,494 | +15.6% |
| Recurring financial charges | 65 | €138,177 | €154,671 | +€16,494 | +11.9% |
| Non-recurring financial charges | 66B | - | €5,000 | +€5,000 | |
| Profit (loss) for the period before taxes | 9903 | -€38,490 | -€48,522 | -€10,033 | -26.1% |
| Income taxes | 67/77 | €79 | - | -€79 | |
| Profit (loss) for the period | 9904 | -€38,569 | -€48,522 | -€9,954 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,569 | -€48,522 | -€9,954 | -25.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.