G.L.S.D.: 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.D.
Largest movements
- Cash -€15,033
down €15,033 (-92.4%), from €16,278 to €1,245
mainly Contributions, distributions and other (-€26,500) and Receivables within one year (-€9,675)
- Receivables within one year +€9,675
up €9,675 (+130%), from €7,421 to €17,095
- Deferred charges and accrued income +€9,150
up €9,150 (+1,227%), from €746 to €9,896
- Tax, wage and social debts +€11,120
up €11,120 (+84.6%), from €13,148 to €24,269
of which Taxes: +€11,104
- Other debts -€8,515
down €8,515 (-100%), from €8,515 to €0
- Trade debts +€1,242
up €1,242 (+68.2%), from €1,821 to €3,063
- Gross operating margin -€14,839
down €14,839 (-27.0%), from €54,969 to €40,130
- Depreciation -€9,029
down €9,029 (-94.6%), from €9,542 to €512
- Taxes -€2,699
down €2,699 (-24.0%), from €11,253 to €8,554
- Financial charges -€1,213
down €1,213 (-87.5%), from €1,386 to €174
- Financial income +€814
up €814, from €0 to €814
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,882 | €30,681 | +€3,799 | +14.1% |
| Fixed assets | 21/28 | €2,437 | €2,444 | +€7 | +0.3% |
| Tangible fixed assets | 22/27 | €2,197 | €2,204 | +€7 | +0.3% |
| Furniture and vehicles | 24 | €2,197 | €2,204 | +€7 | +0.3% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €24,445 | €28,236 | +€3,792 | +15.5% |
| Amounts receivable within one year | 40/41 | €7,421 | €17,095 | +€9,675 | +130% |
| Other amounts receivable | 41 | €7,421 | €17,095 | +€9,675 | +130% |
| Cash at bank and in hand | 54/58 | €16,278 | €1,245 | -€15,033 | -92.4% |
| Deferred charges and accrued income | 490/1 | €746 | €9,896 | +€9,150 | +1,227% |
| Total equity and liabilities | 10/49 | €26,882 | €30,681 | +€3,799 | +14.1% |
| Equity | 10/15 | €3,233 | €3,282 | +€49 | +1.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233 | €282 | +€49 | +20.8% |
| Amounts payable | 17/49 | €23,649 | €27,399 | +€3,750 | +15.9% |
| Amounts payable within one year | 42/48 | €23,485 | €27,332 | +€3,847 | +16.4% |
| Trade debts | 44 | €1,821 | €3,063 | +€1,242 | +68.2% |
| Suppliers | 440/4 | €1,821 | €3,063 | +€1,242 | +68.2% |
| Taxes, remuneration and social security | 45 | €13,148 | €24,269 | +€11,120 | +84.6% |
| Taxes | 450/3 | €11,703 | €22,807 | +€11,104 | +94.9% |
| Remuneration and social security | 454/9 | €1,446 | €1,462 | +€16 | +1.1% |
| Other amounts payable | 47/48 | €8,515 | €0 | -€8,515 | -100% |
| Accrued charges and deferred income | 492/3 | €164 | €67 | -€97 | -59.2% |
| Non-recurring operating income | 76A | - | €9,535 | +€9,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,542 | €512 | -€9,029 | -94.6% |
| Other operating charges | 640/8 | €3,360 | €3,799 | +€439 | +13.1% |
| Non-recurring operating charges | 66A | - | €1,356 | +€1,356 | |
| Gross operating margin | 9900 | €54,969 | €40,130 | -€14,839 | -27.0% |
| Operating profit (loss) | 9901 | €42,067 | €34,462 | -€7,605 | -18.1% |
| Financial income | 75/76B | €0 | €814 | +€814 | |
| Recurring financial income | 75 | €0 | €814 | +€814 | |
| Financial charges | 65/66B | €1,386 | €174 | -€1,213 | -87.5% |
| Recurring financial charges | 65 | €1,386 | €174 | -€1,213 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €40,681 | €35,103 | -€5,578 | -13.7% |
| Income taxes | 67/77 | €11,253 | €8,554 | -€2,699 | -24.0% |
| Profit (loss) for the period | 9904 | €29,428 | €26,549 | -€2,879 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,428 | €26,549 | -€2,879 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.