G.L.B.: 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.
G.L.B.
Largest movements
- Receivables within one year -€58,241
down €58,241 (-71.0%), from €82,032 to €23,791
of which Other amounts receivable: -€45,693
- Financial fixed assets -€10,803
no longer reported in 2024 (was €10,803)
- Deferred charges and accrued income -€3,758
no longer reported in 2024 (was €3,758)
- Trade debts -€30,589
down €30,589 (-47.5%), from €64,342 to €33,753
- Profit (loss) carried forward -€26,161
down €26,161 (-294%), from -€8,902 to -€35,062
- Tax, wage and social debts -€15,118
down €15,118 (-98.2%), from €15,388 to €269
of which Remuneration and social security: -€12,476
- Short-term financial debts -€1,326
down €1,326 (-21.4%), from €6,195 to €4,869
- Gross operating margin -€25,071
down €25,071 (-41.8%), from €60,041 to €34,971
- Financial income -€3,665
down €3,665 (-100.0%), from €3,667 to €2
- Staff costs +€2,014
up €2,014 (+3.7%), from €54,232 to €56,247
- Other operating charges -€2,004
down €2,004 (-65.9%), from €3,040 to €1,036
- Financial charges -€872
down €872 (-32.4%), from €2,688 to €1,816
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,648 | €24,455 | -€73,194 | -75.0% |
| Fixed assets | 21/28 | €11,859 | €660 | -€11,199 | -94.4% |
| Tangible fixed assets | 22/27 | €1,056 | €660 | -€396 | -37.5% |
| Plant, machinery and equipment | 23 | €990 | €660 | -€330 | -33.3% |
| Furniture and vehicles | 24 | €66 | - | -€66 | |
| Financial fixed assets | 28 | €10,803 | - | -€10,803 | |
| Current assets | 29/58 | €85,790 | €23,795 | -€61,995 | -72.3% |
| Amounts receivable within one year | 40/41 | €82,032 | €23,791 | -€58,241 | -71.0% |
| Trade receivables | 40 | €12,548 | - | -€12,548 | |
| Other amounts receivable | 41 | €69,484 | €23,791 | -€45,693 | -65.8% |
| Cash at bank and in hand | 54/58 | - | €4 | +€4 | |
| Deferred charges and accrued income | 490/1 | €3,758 | - | -€3,758 | |
| Total equity and liabilities | 10/49 | €97,648 | €24,455 | -€73,194 | -75.0% |
| Equity | 10/15 | €11,723 | -€14,437 | -€26,161 | |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,902 | -€35,062 | -€26,161 | -294% |
| Amounts payable | 17/49 | €85,925 | €38,892 | -€47,033 | -54.7% |
| Amounts payable within one year | 42/48 | €85,925 | €38,892 | -€47,033 | -54.7% |
| Financial debts | 43 | €6,195 | €4,869 | -€1,326 | -21.4% |
| Credit institutions | 430/8 | €6,195 | €4,869 | -€1,326 | -21.4% |
| Trade debts | 44 | €64,342 | €33,753 | -€30,589 | -47.5% |
| Suppliers | 440/4 | €64,342 | €33,753 | -€30,589 | -47.5% |
| Taxes, remuneration and social security | 45 | €15,388 | €269 | -€15,118 | -98.2% |
| Taxes | 450/3 | €2,912 | €269 | -€2,642 | -90.7% |
| Remuneration and social security | 454/9 | €12,476 | - | -€12,476 | |
| Non-recurring operating income | 76A | - | €43,999 | +€43,999 | |
| Remuneration, social security and pensions | 62 | €54,232 | €56,247 | +€2,014 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €396 | +€4 | +1.0% |
| Other operating charges | 640/8 | €3,040 | €1,036 | -€2,004 | -65.9% |
| Non-recurring operating charges | 66A | €3,526 | €1,484 | -€2,042 | -57.9% |
| Gross operating margin | 9900 | €60,041 | €34,971 | -€25,071 | -41.8% |
| Operating profit (loss) | 9901 | -€1,149 | -€24,192 | -€23,043 | -2,006% |
| Financial income | 75/76B | €3,667 | €2 | -€3,665 | -100.0% |
| Recurring financial income | 75 | €3,667 | €2 | -€3,665 | -100.0% |
| Financial charges | 65/66B | €2,688 | €1,816 | -€872 | -32.4% |
| Recurring financial charges | 65 | €2,688 | €1,816 | -€872 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€170 | -€26,006 | -€25,836 | -15,214% |
| Income taxes | 67/77 | €1 | €155 | +€153 | +11,431% |
| Profit (loss) for the period | 9904 | -€171 | -€26,161 | -€25,989 | -15,184% |
| Profit (loss) for the period to be appropriated | 9905 | -€171 | -€26,161 | -€25,989 | -15,184% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.