G.L. DIFFUSION: 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.
G.L. DIFFUSION
Largest movements
- Cash -€38,040
down €38,040 (-65.3%), from €58,228 to €20,188
mainly Net result for the year (-€37,572) and Trade debts (-€12,186)
- Receivables within one year -€30,298
down €30,298 (-16.6%), from €183,036 to €152,737
of which Trade receivables: -€34,768
- Tangible fixed assets +€9,007
up €9,007 (+351.6%), from €2,562 to €11,569
- Profit (loss) carried forward -€37,572
down €37,572 (-40.5%), from €92,814 to €55,242
- Trade debts -€12,186
down €12,186 (-34.4%), from €35,426 to €23,241
- Current portion of long-term debt -€5,683
no longer reported in 2024 (was €5,683)
- Tax, wage and social debts -€5,370
down €5,370 (-20.2%), from €26,564 to €21,194
of which Remuneration and social security: -€4,679
- Gross operating margin -€126,849
down €126,849, from €99,394 to -€27,455
- Staff costs -€26,934
down €26,934 (-98.5%), from €27,354 to €420
- Taxes -€20,366
down €20,366 (-98.0%), from €20,785 to €419
- Depreciation -€7,784
down €7,784 (-76.2%), from €10,210 to €2,427
- Other operating charges +€2,610
up €2,610 (+66.8%), from €3,905 to €6,515
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.
Cash bridge derived
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 | €247,290 | €186,094 | -€61,195 | -24.7% |
| Fixed assets | 21/28 | €2,562 | €11,569 | +€9,007 | +351.6% |
| Tangible fixed assets | 22/27 | €2,562 | €11,569 | +€9,007 | +351.6% |
| Furniture and vehicles | 24 | €2,562 | €11,569 | +€9,007 | +351.6% |
| Current assets | 29/58 | €244,728 | €174,525 | -€70,203 | -28.7% |
| Amounts receivable within one year | 40/41 | €183,036 | €152,737 | -€30,298 | -16.6% |
| Trade receivables | 40 | €167,262 | €132,495 | -€34,768 | -20.8% |
| Other amounts receivable | 41 | €15,773 | €20,242 | +€4,469 | +28.3% |
| Current investments | 50/53 | €1,600 | €1,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,228 | €20,188 | -€38,040 | -65.3% |
| Deferred charges and accrued income | 490/1 | €1,864 | - | -€1,864 | |
| Total equity and liabilities | 10/49 | €247,290 | €186,094 | -€61,195 | -24.7% |
| Equity | 10/15 | €163,624 | €126,051 | -€37,572 | -23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,609 | €64,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €62,750 | €62,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,814 | €55,242 | -€37,572 | -40.5% |
| Amounts payable | 17/49 | €83,666 | €60,043 | -€23,623 | -28.2% |
| Amounts payable within one year | 42/48 | €83,282 | €60,043 | -€23,239 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €5,683 | - | -€5,683 | |
| Trade debts | 44 | €35,426 | €23,241 | -€12,186 | -34.4% |
| Suppliers | 440/4 | €35,426 | €23,241 | -€12,186 | -34.4% |
| Advances received on contracts in progress | 46 | €15,608 | €15,608 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,564 | €21,194 | -€5,370 | -20.2% |
| Taxes | 450/3 | €21,885 | €21,194 | -€691 | -3.2% |
| Remuneration and social security | 454/9 | €4,679 | - | -€4,679 | |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Remuneration, social security and pensions | 62 | €27,354 | €420 | -€26,934 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,210 | €2,427 | -€7,784 | -76.2% |
| Other operating charges | 640/8 | €3,905 | €6,515 | +€2,610 | +66.8% |
| Gross operating margin | 9900 | €99,394 | -€27,455 | -€126,849 | |
| Operating profit (loss) | 9901 | €57,925 | -€36,817 | -€94,741 | |
| Financial income | 75/76B | €2,166 | €526 | -€1,640 | -75.7% |
| Recurring financial income | 75 | €2,166 | €526 | -€1,640 | -75.7% |
| Financial charges | 65/66B | €1,501 | €862 | -€639 | -42.6% |
| Recurring financial charges | 65 | €1,501 | €862 | -€639 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €58,590 | -€37,153 | -€95,743 | |
| Income taxes | 67/77 | €20,785 | €419 | -€20,366 | -98.0% |
| Profit (loss) for the period | 9904 | €37,805 | -€37,572 | -€75,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,805 | -€37,572 | -€75,377 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.