G.L.D.: 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.D.
Largest movements
- Receivables within one year +€11,979
up €11,979 (+609%), from €1,967 to €13,946
of which Trade receivables: +€11,748
- Tangible fixed assets -€1,750
down €1,750 (-100%), from €1,750 to €0
of which Land and buildings: -€1,185
- Cash -€1,300
down €1,300 (-10.8%), from €11,991 to €10,691
mainly Receivables within one year (-€11,979) and Other debts (-€1,300)
- Trade debts +€6,272
up €6,272 (+161%), from €3,899 to €10,171
of which Bills of exchange payable: +€6,248
- Profit (loss) carried forward +€3,779
up €3,779 (+4.1%), from -€93,059 to -€89,280
- Other debts -€1,300
down €1,300 (-1.5%), from €86,568 to €85,268
- Gross operating margin -€5,350
down €5,350 (-35.1%), from €15,245 to €9,894
- Other operating charges +€1,492
up €1,492 (+67.5%), from €2,210 to €3,701
- Depreciation -€724
down €724 (-29.3%), from €2,473 to €1,750
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 | €16,008 | €24,938 | +€8,929 | +55.8% |
| Fixed assets | 21/28 | €2,050 | €300 | -€1,750 | -85.4% |
| Tangible fixed assets | 22/27 | €1,750 | €0 | -€1,750 | -100% |
| Land and buildings | 22 | €1,185 | €0 | -€1,185 | -100% |
| Plant, machinery and equipment | 23 | €565 | €0 | -€565 | -100% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €13,959 | €24,638 | +€10,679 | +76.5% |
| Amounts receivable within one year | 40/41 | €1,967 | €13,946 | +€11,979 | +609% |
| Trade receivables | 40 | €1,606 | €13,354 | +€11,748 | +731% |
| Other amounts receivable | 41 | €361 | €592 | +€231 | +64.0% |
| Cash at bank and in hand | 54/58 | €11,991 | €10,691 | -€1,300 | -10.8% |
| Total equity and liabilities | 10/49 | €16,008 | €24,938 | +€8,929 | +55.8% |
| Equity | 10/15 | -€74,459 | -€70,680 | +€3,779 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,059 | -€89,280 | +€3,779 | +4.1% |
| Amounts payable | 17/49 | €90,467 | €95,618 | +€5,151 | +5.7% |
| Amounts payable within one year | 42/48 | €90,467 | €95,618 | +€5,151 | +5.7% |
| Trade debts | 44 | €3,899 | €10,171 | +€6,272 | +161% |
| Suppliers | 440/4 | €3,899 | €3,923 | +€24 | +0.6% |
| Bills of exchange payable | 441 | - | €6,248 | +€6,248 | |
| Taxes, remuneration and social security | 45 | - | €179 | +€179 | |
| Taxes | 450/3 | - | €179 | +€179 | |
| Other amounts payable | 47/48 | €86,568 | €85,268 | -€1,300 | -1.5% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €1,750 | -€724 | -29.3% |
| Other operating charges | 640/8 | €2,210 | €3,701 | +€1,492 | +67.5% |
| Non-recurring operating charges | 66A | €398 | €0 | -€398 | -100% |
| Gross operating margin | 9900 | €15,245 | €9,894 | -€5,350 | -35.1% |
| Operating profit (loss) | 9901 | €10,164 | €4,444 | -€5,721 | -56.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €710 | €665 | -€45 | -6.3% |
| Recurring financial charges | 65 | €710 | €665 | -€45 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €9,454 | €3,779 | -€5,676 | -60.0% |
| Profit (loss) for the period | 9904 | €9,454 | €3,779 | -€5,676 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,454 | €3,779 | -€5,676 | -60.0% |
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 15 October 2026 via checked.be.