G&L Concept: 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 Concept
Largest movements
- Cash -€9,074
down €9,074 (-18.7%), from €48,544 to €39,470
mainly Other debts (-€17,249) and Accrued charges and deferred income (-€14,191)
- Tangible fixed assets -€5,369
down €5,369 (-18.3%), from €29,410 to €24,041
- Receivables within one year +€3,194
up €3,194 (+8.6%), from €37,202 to €40,396
of which Trade receivables: +€7,568
- Reserves +€21,000
up €21,000 (+84.0%), from €25,000 to €46,000
- Other debts -€17,249
down €17,249 (-92.0%), from €18,755 to €1,505
- Accrued charges and deferred income -€14,191
down €14,191 (-97.9%), from €14,491 to €300
- Debts after one year -€7,197
down €7,197 (-37.3%), from €19,275 to €12,079
- Tax, wage and social debts +€2,300
up €2,300 (+33.3%), from €6,900 to €9,200
- Depreciation +€4,108
up €4,108 (+115%), from €3,582 to €7,690
- Gross operating margin -€3,002
down €3,002 (-6.7%), from €44,620 to €41,618
- Taxes +€2,426
up €2,426 (+38.2%), from €6,350 to €8,777
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 | €119,150 | €107,023 | -€12,127 | -10.2% |
| Fixed assets | 21/28 | €31,410 | €26,041 | -€5,369 | -17.1% |
| Tangible fixed assets | 22/27 | €29,410 | €24,041 | -€5,369 | -18.3% |
| Furniture and vehicles | 24 | €29,410 | €24,041 | -€5,369 | -18.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €87,740 | €80,982 | -€6,758 | -7.7% |
| Amounts receivable within one year | 40/41 | €37,202 | €40,396 | +€3,194 | +8.6% |
| Trade receivables | 40 | €29,437 | €37,005 | +€7,568 | +25.7% |
| Other amounts receivable | 41 | €7,765 | €3,391 | -€4,374 | -56.3% |
| Cash at bank and in hand | 54/58 | €48,544 | €39,470 | -€9,074 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,994 | €1,116 | -€878 | -44.0% |
| Total equity and liabilities | 10/49 | €119,150 | €107,023 | -€12,127 | -10.2% |
| Equity | 10/15 | €52,626 | €75,202 | +€22,577 | +42.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €46,000 | +€21,000 | +84.0% |
| Distributable reserves | 133 | €25,000 | €46,000 | +€21,000 | +84.0% |
| Profit (loss) carried forward | 14 | €22,626 | €24,202 | +€1,577 | +7.0% |
| Amounts payable | 17/49 | €66,525 | €31,821 | -€34,704 | -52.2% |
| Amounts payable after more than one year | 17 | €19,275 | €12,079 | -€7,197 | -37.3% |
| Financial debts | 170/4 | €19,275 | €12,079 | -€7,197 | -37.3% |
| Amounts payable within one year | 42/48 | €32,759 | €19,442 | -€13,317 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €6,880 | €7,197 | +€317 | +4.6% |
| Trade debts | 44 | €225 | €1,540 | +€1,315 | +584% |
| Suppliers | 440/4 | €225 | €1,540 | +€1,315 | +584% |
| Taxes, remuneration and social security | 45 | €6,900 | €9,200 | +€2,300 | +33.3% |
| Taxes | 450/3 | €6,900 | €9,200 | +€2,300 | +33.3% |
| Other amounts payable | 47/48 | €18,755 | €1,505 | -€17,249 | -92.0% |
| Accrued charges and deferred income | 492/3 | €14,491 | €300 | -€14,191 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,582 | €7,690 | +€4,108 | +115% |
| Other operating charges | 640/8 | €659 | €965 | +€306 | +46.4% |
| Non-recurring operating charges | 66A | €3,837 | - | -€3,837 | |
| Gross operating margin | 9900 | €44,620 | €41,618 | -€3,002 | -6.7% |
| Operating profit (loss) | 9901 | €36,542 | €32,963 | -€3,579 | -9.8% |
| Financial income | 75/76B | - | €208 | +€208 | |
| Recurring financial income | 75 | - | €208 | +€208 | |
| Financial charges | 65/66B | €1,781 | €1,818 | +€36 | +2.0% |
| Recurring financial charges | 65 | €1,781 | €1,818 | +€36 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €34,761 | €31,353 | -€3,408 | -9.8% |
| Income taxes | 67/77 | €6,350 | €8,777 | +€2,426 | +38.2% |
| Profit (loss) for the period | 9904 | €28,411 | €22,577 | -€5,834 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,411 | €22,577 | -€5,834 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.