G.L.S.: 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.S.
Largest movements
- Receivables within one year +€7,376
up €7,376 (+39.7%), from €18,566 to €25,942
of which Other amounts receivable: +€8,875
- Tangible fixed assets -€3,341
down €3,341 (-42.1%), from €7,928 to €4,586
- Cash -€2,202
down €2,202 (-22.6%), from €9,726 to €7,525
mainly Receivables within one year (-€7,376) and Debts after one year (-€3,420)
- Deferred charges and accrued income -€560
down €560 (-81.8%), from €684 to €124
- Debts after one year -€3,420
down €3,420 (-70.3%), from €4,866 to €1,445
- Trade debts +€2,487
up €2,487 (+189%), from €1,318 to €3,805
- Tax, wage and social debts +€1,123
up €1,123 (+884%), from €127 to €1,250
- Reserves +€892
up €892 (+3.8%), from €23,683 to €24,575
- Gross operating margin +€3,485
up €3,485 (+437%), from €798 to €4,283
- Other operating charges -€239
down €239 (-25.9%), from €924 to €685
- Financial income -€169
down €169 (-14.5%), from €1,160 to €992
- Financial charges -€97
down €97 (-26.7%), from €364 to €267
- Taxes +€89
up €89, from €0 to €89
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 | €39,548 | €40,696 | +€1,149 | +2.9% |
| Fixed assets | 21/28 | €7,928 | €4,586 | -€3,341 | -42.1% |
| Tangible fixed assets | 22/27 | €7,928 | €4,586 | -€3,341 | -42.1% |
| Furniture and vehicles | 24 | €7,928 | €4,586 | -€3,341 | -42.1% |
| Current assets | 29/58 | €31,620 | €36,110 | +€4,490 | +14.2% |
| Amounts receivable after more than one year | 29 | €2,645 | €2,520 | -€125 | -4.7% |
| Other amounts receivable | 291 | €2,645 | €2,520 | -€125 | -4.7% |
| Amounts receivable within one year | 40/41 | €18,566 | €25,942 | +€7,376 | +39.7% |
| Trade receivables | 40 | €4,414 | €2,915 | -€1,499 | -34.0% |
| Other amounts receivable | 41 | €14,151 | €23,026 | +€8,875 | +62.7% |
| Cash at bank and in hand | 54/58 | €9,726 | €7,525 | -€2,202 | -22.6% |
| Deferred charges and accrued income | 490/1 | €684 | €124 | -€560 | -81.8% |
| Total equity and liabilities | 10/49 | €39,548 | €40,696 | +€1,149 | +2.9% |
| Equity | 10/15 | €29,883 | €30,775 | +€892 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,683 | €24,575 | +€892 | +3.8% |
| Distributable reserves | 133 | €23,683 | €24,575 | +€892 | +3.8% |
| Amounts payable | 17/49 | €9,665 | €9,921 | +€256 | +2.7% |
| Amounts payable after more than one year | 17 | €4,866 | €1,445 | -€3,420 | -70.3% |
| Financial debts | 170/4 | €4,866 | €1,445 | -€3,420 | -70.3% |
| Amounts payable within one year | 42/48 | €4,799 | €8,476 | +€3,677 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €3,354 | €3,420 | +€67 | +2.0% |
| Trade debts | 44 | €1,318 | €3,805 | +€2,487 | +189% |
| Suppliers | 440/4 | €1,318 | €3,805 | +€2,487 | +189% |
| Taxes, remuneration and social security | 45 | €127 | €1,250 | +€1,123 | +884% |
| Taxes | 450/3 | €127 | €1,250 | +€1,123 | +884% |
| Non-recurring operating income | 76A | €0 | €5,232 | +€5,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,341 | €3,341 | = | 0.0% |
| Other operating charges | 640/8 | €924 | €685 | -€239 | -25.9% |
| Gross operating margin | 9900 | €798 | €4,283 | +€3,485 | +437% |
| Operating profit (loss) | 9901 | -€3,468 | €257 | +€3,724 | |
| Financial income | 75/76B | €1,160 | €992 | -€169 | -14.5% |
| Recurring financial income | 75 | €1,160 | €992 | -€169 | -14.5% |
| Financial charges | 65/66B | €364 | €267 | -€97 | -26.7% |
| Recurring financial charges | 65 | €364 | €267 | -€97 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,671 | €981 | +€3,653 | |
| Income taxes | 67/77 | €0 | €89 | +€89 | |
| Profit (loss) for the period | 9904 | -€2,671 | €892 | +€3,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,671 | €892 | +€3,564 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.