GBLF: 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.
GBLF
Largest movements
- Intangible fixed assets -€87,532
down €87,532 (-12.8%), from €682,532 to €595,000
- Cash -€61,124
down €61,124 (-43.7%), from €139,990 to €78,866
mainly Other debts (-€249,267) and Receivables within one year (-€36,266)
- Receivables within one year +€36,266
up €36,266 (+98.2%), from €36,938 to €73,204
of which Trade receivables: +€35,266
- Tangible fixed assets -€25,880
down €25,880 (-12.1%), from €214,524 to €188,644
of which Other tangible fixed assets: -€14,753
- Other debts -€249,267
down €249,267 (-26.9%), from €926,722 to €677,455
- Profit (loss) carried forward +€97,943
up €97,943 (+938.7%), from €10,434 to €108,377
- Tax, wage and social debts +€24,779
up €24,779 (+111.6%), from €22,198 to €46,977
of which Taxes: +€20,667
- Trade debts -€12,442
down €12,442 (-38.9%), from €31,990 to €19,548
- Gross operating margin +€159,553
up €159,553 (+104.1%), from €153,204 to €312,757
- Taxes +€35,121
up €35,121, from -€18,657 to €16,464
- Staff costs -€7,287
down €7,287 (-9.5%), from €76,804 to €69,516
- Other operating charges -€4,708
down €4,708 (-77.6%), from €6,065 to €1,357
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,076,344 | €937,357 | -€138,987 | -12.9% |
| Fixed assets | 21/28 | €897,057 | €783,644 | -€113,413 | -12.6% |
| Intangible fixed assets | 21 | €682,532 | €595,000 | -€87,532 | -12.8% |
| Tangible fixed assets | 22/27 | €214,524 | €188,644 | -€25,880 | -12.1% |
| Furniture and vehicles | 24 | €35,671 | €24,544 | -€11,128 | -31.2% |
| Other tangible fixed assets | 26 | €178,853 | €164,100 | -€14,753 | -8.2% |
| Current assets | 29/58 | €179,287 | €153,713 | -€25,575 | -14.3% |
| Amounts receivable within one year | 40/41 | €36,938 | €73,204 | +€36,266 | +98.2% |
| Trade receivables | 40 | €36,938 | €72,204 | +€35,266 | +95.5% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €139,990 | €78,866 | -€61,124 | -43.7% |
| Deferred charges and accrued income | 490/1 | €2,359 | €1,643 | -€716 | -30.4% |
| Total equity and liabilities | 10/49 | €1,076,344 | €937,357 | -€138,987 | -12.9% |
| Equity | 10/15 | €95,434 | €193,377 | +€97,943 | +102.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,434 | €108,377 | +€97,943 | +938.7% |
| Amounts payable | 17/49 | €980,910 | €743,980 | -€236,930 | -24.2% |
| Amounts payable within one year | 42/48 | €980,910 | €743,980 | -€236,930 | -24.2% |
| Trade debts | 44 | €31,990 | €19,548 | -€12,442 | -38.9% |
| Suppliers | 440/4 | €31,990 | €19,548 | -€12,442 | -38.9% |
| Taxes, remuneration and social security | 45 | €22,198 | €46,977 | +€24,779 | +111.6% |
| Taxes | 450/3 | €12,254 | €32,921 | +€20,667 | +168.7% |
| Remuneration and social security | 454/9 | €9,944 | €14,055 | +€4,112 | +41.3% |
| Other amounts payable | 47/48 | €926,722 | €677,455 | -€249,267 | -26.9% |
| Remuneration, social security and pensions | 62 | €76,804 | €69,516 | -€7,287 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,832 | €122,737 | +€2,905 | +2.4% |
| Other operating charges | 640/8 | €6,065 | €1,357 | -€4,708 | -77.6% |
| Gross operating margin | 9900 | €153,204 | €312,757 | +€159,553 | +104.1% |
| Operating profit (loss) | 9901 | -€49,497 | €119,147 | +€168,644 | |
| Financial income | 75/76B | €1 | €27 | +€25 | +1872.8% |
| Recurring financial income | 75 | €1 | €27 | +€25 | +1872.8% |
| Financial charges | 65/66B | €3,519 | €4,767 | +€1,248 | +35.5% |
| Recurring financial charges | 65 | €3,519 | €4,767 | +€1,248 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,015 | €114,407 | +€167,422 | |
| Income taxes | 67/77 | -€18,657 | €16,464 | +€35,121 | |
| Profit (loss) for the period | 9904 | -€34,357 | €97,943 | +€132,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,357 | €97,943 | +€132,300 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.