G LEC: 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 LEC
Largest movements
- Tangible fixed assets -€8,171
down €8,171 (-22.9%), from €35,729 to €27,559
of which Furniture and vehicles: -€8,605
- Cash -€5,927
down €5,927 (-12.0%), from €49,287 to €43,360
mainly Net result for the year (-€6,607) and Debts after one year (-€4,928)
- Receivables within one year +€2,028
up €2,028 (+11.7%), from €17,353 to €19,382
of which Other amounts receivable: +€1,949
- Profit (loss) carried forward -€10,894
down €10,894 (-18.6%), from €58,702 to €47,808
- Debts after one year -€4,928
down €4,928 (-41.7%), from €11,830 to €6,902
- Trade debts +€4,548
up €4,548 (+1,452%), from €313 to €4,861
- Tax, wage and social debts -€4,263
down €4,263 (-60.0%), from €7,101 to €2,838
- Reserves +€2,267
up €2,267 (+12.1%), from €18,776 to €21,043
of which Tax-exempt reserves: +€2,267
- Gross operating margin -€25,654
down €25,654 (-83.9%), from €30,586 to €4,932
- Taxes -€4,439
down €4,439 (-96.2%), from €4,613 to €174
- Depreciation +€1,832
up €1,832 (+26.5%), from €6,921 to €8,753
- Other operating charges -€809
down €809 (-70.6%), from €1,147 to €338
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 | €106,775 | €94,260 | -€12,514 | -11.7% |
| Fixed assets | 21/28 | €35,895 | €27,725 | -€8,171 | -22.8% |
| Tangible fixed assets | 22/27 | €35,729 | €27,559 | -€8,171 | -22.9% |
| Plant, machinery and equipment | 23 | €1,037 | €1,471 | +€434 | +41.9% |
| Furniture and vehicles | 24 | €34,692 | €26,088 | -€8,605 | -24.8% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €70,879 | €66,536 | -€4,344 | -6.1% |
| Stocks and contracts in progress | 3 | €2,744 | €2,493 | -€250 | -9.1% |
| Stocks | 30/36 | €2,744 | €2,493 | -€250 | -9.1% |
| Amounts receivable within one year | 40/41 | €17,353 | €19,382 | +€2,028 | +11.7% |
| Trade receivables | 40 | €10,476 | €10,555 | +€79 | +0.8% |
| Other amounts receivable | 41 | €6,877 | €8,827 | +€1,949 | +28.3% |
| Cash at bank and in hand | 54/58 | €49,287 | €43,360 | -€5,927 | -12.0% |
| Deferred charges and accrued income | 490/1 | €1,496 | €1,301 | -€195 | -13.0% |
| Total equity and liabilities | 10/49 | €106,775 | €94,260 | -€12,514 | -11.7% |
| Equity | 10/15 | €83,678 | €75,052 | -€8,627 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,776 | €21,043 | +€2,267 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,916 | €19,183 | +€2,267 | +13.4% |
| Profit (loss) carried forward | 14 | €58,702 | €47,808 | -€10,894 | -18.6% |
| Provisions and deferred taxes | 16 | €3,852 | €4,608 | +€756 | +19.6% |
| Deferred taxes | 168 | €3,852 | €4,608 | +€756 | +19.6% |
| Amounts payable | 17/49 | €19,244 | €14,601 | -€4,643 | -24.1% |
| Amounts payable after more than one year | 17 | €11,830 | €6,902 | -€4,928 | -41.7% |
| Financial debts | 170/4 | €11,830 | €6,902 | -€4,928 | -41.7% |
| Amounts payable within one year | 42/48 | €7,414 | €7,699 | +€284 | +3.8% |
| Trade debts | 44 | €313 | €4,861 | +€4,548 | +1,452% |
| Suppliers | 440/4 | €313 | €4,861 | +€4,548 | +1,452% |
| Taxes, remuneration and social security | 45 | €7,101 | €2,838 | -€4,263 | -60.0% |
| Taxes | 450/3 | €7,101 | €2,838 | -€4,263 | -60.0% |
| Non-recurring operating income | 76A | €14,497 | - | -€14,497 | |
| Remuneration, social security and pensions | 62 | €2,310 | €2,160 | -€150 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,921 | €8,753 | +€1,832 | +26.5% |
| Other operating charges | 640/8 | €1,147 | €338 | -€809 | -70.6% |
| Non-recurring operating charges | 66A | - | €48 | +€48 | |
| Gross operating margin | 9900 | €30,586 | €4,932 | -€25,654 | -83.9% |
| Operating profit (loss) | 9901 | €20,207 | -€6,367 | -€26,574 | |
| Financial income | 75/76B | €506 | €584 | +€78 | +15.5% |
| Recurring financial income | 75 | €506 | €584 | +€78 | +15.5% |
| Financial charges | 65/66B | €1,119 | €1,002 | -€116 | -10.4% |
| Recurring financial charges | 65 | €1,119 | €1,002 | -€116 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €19,594 | -€6,785 | -€26,379 | |
| Transfer from deferred taxes | 780 | €1,460 | €352 | -€1,108 | -75.9% |
| Income taxes | 67/77 | €4,613 | €174 | -€4,439 | -96.2% |
| Profit (loss) for the period | 9904 | €16,441 | -€6,607 | -€23,048 | |
| Transfer from tax-exempt reserves | 789 | €4,379 | €1,056 | -€3,323 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,819 | -€5,552 | -€26,371 |
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 14 October 2026 via checked.be.