G.L. SERVICES: 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. SERVICES
Largest movements
- Tangible fixed assets -€9,626
down €9,626 (-53.3%), from €18,069 to €8,442
- Cash +€2,347
up €2,347 (+42.2%), from €5,560 to €7,906
mainly Depreciation (+€9,926) and Trade debts (+€823)
- Receivables within one year +€839
up €839 (+36.2%), from €2,320 to €3,159
of which Trade receivables: +€884
- Other debts -€4,801
down €4,801 (-40.6%), from €11,837 to €7,037
- Profit (loss) carried forward -€2,537
down €2,537 (-112%), from -€2,269 to -€4,805
- Trade debts +€823
up €823 (+686%), from €120 to €943
- Other operating charges -€938
down €938 (-57.4%), from €1,634 to €696
- Taxes +€144
up €144 (+15.1%), from €955 to €1,099
- Gross operating margin +€102
up €102 (+1.1%), from €9,220 to €9,322
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 | €26,423 | €20,001 | -€6,422 | -24.3% |
| Fixed assets | 21/28 | €18,069 | €8,442 | -€9,626 | -53.3% |
| Tangible fixed assets | 22/27 | €18,069 | €8,442 | -€9,626 | -53.3% |
| Furniture and vehicles | 24 | €18,069 | €8,442 | -€9,626 | -53.3% |
| Current assets | 29/58 | €8,354 | €11,559 | +€3,205 | +38.4% |
| Amounts receivable within one year | 40/41 | €2,320 | €3,159 | +€839 | +36.2% |
| Trade receivables | 40 | €2,275 | €3,159 | +€884 | +38.9% |
| Other amounts receivable | 41 | €45 | - | -€45 | |
| Cash at bank and in hand | 54/58 | €5,560 | €7,906 | +€2,347 | +42.2% |
| Deferred charges and accrued income | 490/1 | €474 | €494 | +€19 | +4.1% |
| Total equity and liabilities | 10/49 | €26,423 | €20,001 | -€6,422 | -24.3% |
| Equity | 10/15 | €13,483 | €10,946 | -€2,537 | -18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,351 | €3,351 | = | 0.0% |
| Tax-exempt reserves | 132 | €108 | €108 | = | 0.0% |
| Distributable reserves | 133 | €3,243 | €3,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,269 | -€4,805 | -€2,537 | -112% |
| Amounts payable | 17/49 | €12,940 | €9,055 | -€3,885 | -30.0% |
| Amounts payable within one year | 42/48 | €12,940 | €9,055 | -€3,885 | -30.0% |
| Trade debts | 44 | €120 | €943 | +€823 | +686% |
| Suppliers | 440/4 | €120 | €943 | +€823 | +686% |
| Advances received on contracts in progress | 46 | €70 | €70 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €913 | €1,005 | +€93 | +10.2% |
| Taxes | 450/3 | €913 | €1,005 | +€93 | +10.2% |
| Other amounts payable | 47/48 | €11,837 | €7,037 | -€4,801 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,895 | €9,926 | +€31 | +0.3% |
| Other operating charges | 640/8 | €1,634 | €696 | -€938 | -57.4% |
| Gross operating margin | 9900 | €9,220 | €9,322 | +€102 | +1.1% |
| Operating profit (loss) | 9901 | -€2,310 | -€1,301 | +€1,009 | +43.7% |
| Financial charges | 65/66B | €144 | €137 | -€7 | -4.8% |
| Recurring financial charges | 65 | €144 | €137 | -€7 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,454 | -€1,438 | +€1,016 | +41.4% |
| Income taxes | 67/77 | €955 | €1,099 | +€144 | +15.1% |
| Profit (loss) for the period | 9904 | -€3,409 | -€2,537 | +€872 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,409 | -€2,537 | +€872 | +25.6% |
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 27 October 2026 via checked.be.