G.L. ENTERPRISE: 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. ENTERPRISE
Largest movements
- Receivables within one year -€38,419
down €38,419 (-87.6%), from €43,862 to €5,443
of which Trade receivables: -€38,441
- Cash -€7,248
down €7,248 (-4.5%), from €159,991 to €152,743
mainly Tax, wage and social debts (-€38,912) and Net result for the year (-€7,209)
- Tangible fixed assets -€4,341
down €4,341 (-16.0%), from €27,213 to €22,872
of which Furniture and vehicles: -€9,079
- Tax, wage and social debts -€38,912
down €38,912 (-99.5%), from €39,122 to €210
- Profit (loss) carried forward -€7,209
down €7,209 (-60.0%), from €12,008 to €4,799
- Other debts -€3,416
down €3,416 (-72.3%), from €4,723 to €1,307
- Gross operating margin -€265,348
down €265,348 (-98.5%), from €269,380 to €4,032
- Taxes -€83,204
down €83,204 (-99.7%), from €83,414 to €210
- Depreciation +€7,418
up €7,418 (+217%), from €3,423 to €10,841
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 | €231,316 | €181,316 | -€50,000 | -21.6% |
| Fixed assets | 21/28 | €27,213 | €22,872 | -€4,341 | -16.0% |
| Tangible fixed assets | 22/27 | €27,213 | €22,872 | -€4,341 | -16.0% |
| Plant, machinery and equipment | 23 | - | €5,418 | +€5,418 | |
| Furniture and vehicles | 24 | €24,212 | €15,133 | -€9,079 | -37.5% |
| Other tangible fixed assets | 26 | €3,001 | €2,321 | -€680 | -22.7% |
| Current assets | 29/58 | €204,103 | €158,444 | -€45,659 | -22.4% |
| Amounts receivable within one year | 40/41 | €43,862 | €5,443 | -€38,419 | -87.6% |
| Trade receivables | 40 | €43,862 | €5,421 | -€38,441 | -87.6% |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €159,991 | €152,743 | -€7,248 | -4.5% |
| Deferred charges and accrued income | 490/1 | €250 | €258 | +€8 | +3.2% |
| Total equity and liabilities | 10/49 | €231,316 | €181,316 | -€50,000 | -21.6% |
| Equity | 10/15 | €187,008 | €179,799 | -€7,209 | -3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €170,000 | €170,000 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,008 | €4,799 | -€7,209 | -60.0% |
| Amounts payable | 17/49 | €44,308 | €1,517 | -€42,791 | -96.6% |
| Amounts payable within one year | 42/48 | €44,308 | €1,517 | -€42,791 | -96.6% |
| Trade debts | 44 | €463 | - | -€463 | |
| Suppliers | 440/4 | €463 | - | -€463 | |
| Taxes, remuneration and social security | 45 | €39,122 | €210 | -€38,912 | -99.5% |
| Taxes | 450/3 | €39,122 | €210 | -€38,912 | -99.5% |
| Other amounts payable | 47/48 | €4,723 | €1,307 | -€3,416 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,423 | €10,841 | +€7,418 | +217% |
| Other operating charges | 640/8 | €353 | €151 | -€202 | -57.2% |
| Gross operating margin | 9900 | €269,380 | €4,032 | -€265,348 | -98.5% |
| Operating profit (loss) | 9901 | €265,604 | -€6,960 | -€272,564 | |
| Financial charges | 65/66B | €182 | €39 | -€143 | -78.6% |
| Recurring financial charges | 65 | €182 | €39 | -€143 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €265,422 | -€6,999 | -€272,421 | |
| Income taxes | 67/77 | €83,414 | €210 | -€83,204 | -99.7% |
| Profit (loss) for the period | 9904 | €182,008 | -€7,209 | -€189,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €182,008 | -€7,209 | -€189,217 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.