G L E MANAGEMENT: 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 E MANAGEMENT
Largest movements
- Tangible fixed assets -€23,033
down €23,033 (-40.4%), from €57,056 to €34,023
of which Furniture and vehicles: -€22,032
- Receivables within one year -€20,371
down €20,371 (-16.7%), from €121,694 to €101,322
of which Trade receivables: -€24,248
- Cash +€6,008
up €6,008 (+98.2%), from €6,117 to €12,125
mainly Depreciation (+€24,167) and Other debts (+€23,826)
- Profit (loss) carried forward -€50,965
down €50,965, from €15,326 to -€35,639
- Other debts +€23,826
up €23,826 (+53.0%), from €44,956 to €68,782
- Trade debts -€22,624
down €22,624 (-35.1%), from €64,464 to €41,839
- Tax, wage and social debts +€12,524
up €12,524 (+31.7%), from €39,504 to €52,028
of which Remuneration and social security: +€7,164
- Staff costs -€63,159
down €63,159 (-51.3%), from €123,060 to €59,901
- Gross operating margin -€54,924
down €54,924 (-46.7%), from €117,563 to €62,640
- Taxes +€21,853
new in 2025: €21,853
- Other operating charges +€5,316
up €5,316 (+239.8%), from €2,217 to €7,533
- Depreciation -€4,059
down €4,059 (-14.4%), from €28,225 to €24,167
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.
Cash bridge derived
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 | €184,867 | €147,471 | -€37,397 | -20.2% |
| Fixed assets | 21/28 | €57,056 | €34,023 | -€23,033 | -40.4% |
| Tangible fixed assets | 22/27 | €57,056 | €34,023 | -€23,033 | -40.4% |
| Plant, machinery and equipment | 23 | €1,958 | €1,488 | -€470 | -24.0% |
| Furniture and vehicles | 24 | €50,679 | €28,647 | -€22,032 | -43.5% |
| Other tangible fixed assets | 26 | €4,419 | €3,888 | -€531 | -12.0% |
| Current assets | 29/58 | €127,811 | €113,447 | -€14,364 | -11.2% |
| Amounts receivable within one year | 40/41 | €121,694 | €101,322 | -€20,371 | -16.7% |
| Trade receivables | 40 | €110,216 | €85,968 | -€24,248 | -22.0% |
| Other amounts receivable | 41 | €11,478 | €15,355 | +€3,877 | +33.8% |
| Cash at bank and in hand | 54/58 | €6,117 | €12,125 | +€6,008 | +98.2% |
| Total equity and liabilities | 10/49 | €184,867 | €147,471 | -€37,397 | -20.2% |
| Equity | 10/15 | €35,786 | -€15,179 | -€50,965 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,326 | -€35,639 | -€50,965 | |
| Amounts payable | 17/49 | €149,081 | €162,649 | +€13,568 | +9.1% |
| Amounts payable within one year | 42/48 | €149,081 | €162,649 | +€13,568 | +9.1% |
| Trade debts | 44 | €64,464 | €41,839 | -€22,624 | -35.1% |
| Suppliers | 440/4 | €64,464 | €41,839 | -€22,624 | -35.1% |
| Advances received on contracts in progress | 46 | €157 | - | -€157 | |
| Taxes, remuneration and social security | 45 | €39,504 | €52,028 | +€12,524 | +31.7% |
| Taxes | 450/3 | €25,569 | €30,928 | +€5,360 | +21.0% |
| Remuneration and social security | 454/9 | €13,935 | €21,100 | +€7,164 | +51.4% |
| Other amounts payable | 47/48 | €44,956 | €68,782 | +€23,826 | +53.0% |
| Remuneration, social security and pensions | 62 | €123,060 | €59,901 | -€63,159 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,225 | €24,167 | -€4,059 | -14.4% |
| Other operating charges | 640/8 | €2,217 | €7,533 | +€5,316 | +239.8% |
| Gross operating margin | 9900 | €117,563 | €62,640 | -€54,924 | -46.7% |
| Operating profit (loss) | 9901 | -€35,939 | -€28,961 | +€6,978 | +19.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €165 | €151 | -€14 | -8.6% |
| Recurring financial charges | 65 | €165 | €151 | -€14 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,102 | -€29,111 | +€6,991 | +19.4% |
| Income taxes | 67/77 | - | €21,853 | +€21,853 | |
| Profit (loss) for the period | 9904 | -€36,102 | -€50,965 | -€14,862 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,102 | -€50,965 | -€14,862 | -41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.