G+L HOUSE: what changed
What changed
G+L HOUSE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€2,321
2024 · -€95,028+€92,707
Equity
-€152,213
2024 · -€149,892-€2,321
Cash
€13,816
2024 · €5,998+€7,818
Balance sheet total
€1.7m
2024 · €1.8m-€139,869
Largest movements
Assets
- Receivables within one year -€77,240
down €77,240 (-98.9%), from €78,136 to €896
of which Trade receivables: -€74,160
- Tangible fixed assets -€71,189
down €71,189 (-4.2%), from €1.7m to €1.6m
Equity and liabilities
- Other debts -€70,142
down €70,142 (-77.5%), from €90,469 to €20,327
- Debts after one year -€69,841
down €69,841 (-3.9%), from €1.8m to €1.7m
Income statement
- Gross operating margin +€67,434
up €67,434 (+93.1%), from €72,422 to €139,857
- Financial charges -€18,034
down €18,034 (-21.3%), from €84,526 to €66,493
- Depreciation -€7,269
down €7,269 (-9.3%), from €78,459 to €71,189
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€95,028
Gross operating margin
+€67,434
Depreciation
+€7,269
Other operating charges
-€31
Financial charges
+€18,034
Result 2025
-€2,321
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€75,242
Investment
€0
Financing
-€67,424
Cash 2024
€5,998
From operations (derived)
+€75,242
Net result for the year
-€2,321
Depreciation
+€71,189
Receivables within one year
+€77,240
Deferred charges and accrued income
-€743
Smaller working-capital items
+€18
Other debts
-€70,142
Financing
-€67,424
Debts after one year
-€69,841
Current portion of long-term debt
+€2,418
Cash 2025
€13,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,797,811 | €1,657,943 | -€139,869 | -7.8% |
| Fixed assets | 21/28 | €1,712,898 | €1,641,709 | -€71,189 | -4.2% |
| Tangible fixed assets | 22/27 | €1,712,898 | €1,641,709 | -€71,189 | -4.2% |
| Land and buildings | 22 | €1,712,898 | €1,641,709 | -€71,189 | -4.2% |
| Current assets | 29/58 | €84,913 | €16,234 | -€68,679 | -80.9% |
| Amounts receivable within one year | 40/41 | €78,136 | €896 | -€77,240 | -98.9% |
| Trade receivables | 40 | €75,056 | €896 | -€74,160 | -98.8% |
| Other amounts receivable | 41 | €3,080 | - | -€3,080 | |
| Cash at bank and in hand | 54/58 | €5,998 | €13,816 | +€7,818 | +130% |
| Deferred charges and accrued income | 490/1 | €779 | €1,522 | +€743 | +95.3% |
| Total equity and liabilities | 10/49 | €1,797,811 | €1,657,943 | -€139,869 | -7.8% |
| Equity | 10/15 | -€149,892 | -€152,213 | -€2,321 | -1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,892 | -€172,213 | -€2,321 | -1.4% |
| Amounts payable | 17/49 | €1,947,703 | €1,810,155 | -€137,548 | -7.1% |
| Amounts payable after more than one year | 17 | €1,789,745 | €1,719,903 | -€69,841 | -3.9% |
| Financial debts | 170/4 | €1,789,745 | €1,719,903 | -€69,841 | -3.9% |
| Amounts payable within one year | 42/48 | €157,893 | €90,185 | -€67,708 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €67,424 | €69,841 | +€2,418 | +3.6% |
| Taxes, remuneration and social security | 45 | - | €17 | +€17 | |
| Taxes | 450/3 | - | €17 | +€17 | |
| Other amounts payable | 47/48 | €90,469 | €20,327 | -€70,142 | -77.5% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €15,650 | - | -€15,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,459 | €71,189 | -€7,269 | -9.3% |
| Other operating charges | 640/8 | €4,465 | €4,496 | +€31 | +0.7% |
| Gross operating margin | 9900 | €72,422 | €139,857 | +€67,434 | +93.1% |
| Operating profit (loss) | 9901 | -€10,501 | €64,172 | +€74,673 | |
| Financial charges | 65/66B | €84,526 | €66,493 | -€18,034 | -21.3% |
| Recurring financial charges | 65 | €84,526 | €66,493 | -€18,034 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€95,028 | -€2,321 | +€92,707 | +97.6% |
| Profit (loss) for the period | 9904 | -€95,028 | -€2,321 | +€92,707 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,028 | -€2,321 | +€92,707 | +97.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.