G.L.N: what changed
G.L.N
Largest movements
- Tangible fixed assets +€46,676
new in 2025: €46,676
- Receivables within one year -€8,437
down €8,437 (-67.9%), from €12,429 to €3,992
of which Trade receivables: -€12,260
- Cash +€852
up €852 (+1,311%), from €65 to €917
mainly Debts after one year (+€18,237) and Receivables within one year (+€8,437)
- Debts after one year +€18,237
new in 2025: €18,237
- Current portion of long-term debt +€8,345
new in 2025: €8,345
- Trade debts +€5,104
up €5,104 (+554%), from €922 to €6,026
- Other debts +€4,840
up €4,840 (+2,782%), from €174 to €5,014
- Profit (loss) carried forward +€3,134
up €3,134 (+86.7%), from €3,616 to €6,750
- Gross operating margin +€3,768
up €3,768 (+45.1%), from €8,357 to €12,125
- Other operating charges +€3,332
up €3,332 (+191%), from €1,742 to €5,074
- Depreciation +€2,011
new in 2025: €2,011
- Taxes +€1,013
new in 2025: €1,013
- Financial charges +€892
new in 2025: €892
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,494 | €51,585 | +€39,091 | +313% |
| Fixed assets | 21/28 | - | €46,676 | +€46,676 | |
| Tangible fixed assets | 22/27 | - | €46,676 | +€46,676 | |
| Furniture and vehicles | 24 | - | €46,676 | +€46,676 | |
| Current assets | 29/58 | €12,494 | €4,909 | -€7,585 | -60.7% |
| Amounts receivable within one year | 40/41 | €12,429 | €3,992 | -€8,437 | -67.9% |
| Trade receivables | 40 | €12,429 | €169 | -€12,260 | -98.6% |
| Other amounts receivable | 41 | - | €3,823 | +€3,823 | |
| Cash at bank and in hand | 54/58 | €65 | €917 | +€852 | +1,311% |
| Total equity and liabilities | 10/49 | €12,494 | €51,585 | +€39,091 | +313% |
| Equity | 10/15 | €9,816 | €12,950 | +€3,134 | +31.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,616 | €6,750 | +€3,134 | +86.7% |
| Amounts payable | 17/49 | €2,678 | €38,635 | +€35,957 | +1,343% |
| Amounts payable after more than one year | 17 | - | €18,237 | +€18,237 | |
| Financial debts | 170/4 | - | €18,237 | +€18,237 | |
| Amounts payable within one year | 42/48 | €2,678 | €20,398 | +€17,720 | +662% |
| Current portion of amounts payable after more than one year | 42 | - | €8,345 | +€8,345 | |
| Trade debts | 44 | €922 | €6,026 | +€5,104 | +554% |
| Suppliers | 440/4 | €922 | €6,026 | +€5,104 | +554% |
| Taxes, remuneration and social security | 45 | €1,582 | €1,013 | -€569 | -36.0% |
| Taxes | 450/3 | €1,582 | €1,013 | -€569 | -36.0% |
| Other amounts payable | 47/48 | €174 | €5,014 | +€4,840 | +2,782% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,011 | +€2,011 | |
| Other operating charges | 640/8 | €1,742 | €5,074 | +€3,332 | +191% |
| Gross operating margin | 9900 | €8,357 | €12,125 | +€3,768 | +45.1% |
| Operating profit (loss) | 9901 | €6,615 | €5,040 | -€1,575 | -23.8% |
| Financial charges | 65/66B | - | €892 | +€892 | |
| Recurring financial charges | 65 | - | €892 | +€892 | |
| Profit (loss) for the period before taxes | 9903 | €6,615 | €4,148 | -€2,467 | -37.3% |
| Income taxes | 67/77 | - | €1,013 | +€1,013 | |
| Profit (loss) for the period | 9904 | €6,615 | €3,135 | -€3,480 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,615 | €3,135 | -€3,480 | -52.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.