GCL TRADING: 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.
GCL TRADING
Largest movements
- Deferred charges and accrued income -€17,597
down €17,597 (-71.1%), from €24,750 to €7,153
- Receivables within one year +€10,509
up €10,509 (+75,064%), from €14 to €10,523
of which Trade receivables: +€10,509
- Cash +€5,234
up €5,234 (+789%), from €663 to €5,897
mainly Deferred charges and accrued income (+€17,597) and Depreciation (+€14,926)
- Other debts -€10,319
down €10,319 (-12.2%), from €84,288 to €73,969
- Trade debts +€5,167
up €5,167 (+420%), from €1,231 to €6,398
- Profit (loss) carried forward +€1,599
up €1,599 (+10.0%), from -€15,979 to -€14,380
- Depreciation -€492
down €492 (-3.2%), from €15,418 to €14,926
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 | €96,311 | €93,385 | -€2,926 | -3.0% |
| Fixed assets | 21/28 | €49,056 | €48,207 | -€849 | -1.7% |
| Tangible fixed assets | 22/27 | €49,056 | €48,207 | -€849 | -1.7% |
| Land and buildings | 22 | €32,320 | €35,799 | +€3,479 | +10.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €16,736 | €12,408 | -€4,328 | -25.9% |
| Current assets | 29/58 | €47,255 | €45,178 | -€2,077 | -4.4% |
| Stocks and contracts in progress | 3 | €21,828 | €21,605 | -€223 | -1.0% |
| Stocks | 30/36 | €21,828 | €21,605 | -€223 | -1.0% |
| Amounts receivable within one year | 40/41 | €14 | €10,523 | +€10,509 | +75,064% |
| Trade receivables | 40 | - | €10,509 | +€10,509 | |
| Other amounts receivable | 41 | €14 | €14 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €663 | €5,897 | +€5,234 | +789% |
| Deferred charges and accrued income | 490/1 | €24,750 | €7,153 | -€17,597 | -71.1% |
| Total equity and liabilities | 10/49 | €96,311 | €93,385 | -€2,926 | -3.0% |
| Equity | 10/15 | €2,621 | €4,220 | +€1,599 | +61.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,979 | -€14,380 | +€1,599 | +10.0% |
| Amounts payable | 17/49 | €93,690 | €89,165 | -€4,525 | -4.8% |
| Amounts payable within one year | 42/48 | €87,328 | €82,802 | -€4,526 | -5.2% |
| Trade debts | 44 | €1,231 | €6,398 | +€5,167 | +420% |
| Suppliers | 440/4 | €1,231 | €6,398 | +€5,167 | +420% |
| Taxes, remuneration and social security | 45 | €1,809 | €2,435 | +€626 | +34.6% |
| Taxes | 450/3 | €1,809 | €2,435 | +€626 | +34.6% |
| Other amounts payable | 47/48 | €84,288 | €73,969 | -€10,319 | -12.2% |
| Accrued charges and deferred income | 492/3 | €6,362 | €6,363 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,418 | €14,926 | -€492 | -3.2% |
| Other operating charges | 640/8 | €406 | €339 | -€67 | -16.5% |
| Gross operating margin | 9900 | €16,949 | €16,848 | -€101 | -0.6% |
| Operating profit (loss) | 9901 | €1,125 | €1,583 | +€458 | +40.7% |
| Financial income | 75/76B | €45 | €86 | +€41 | +91.1% |
| Recurring financial income | 75 | €45 | €86 | +€41 | +91.1% |
| Financial charges | 65/66B | €165 | €70 | -€95 | -57.6% |
| Recurring financial charges | 65 | €165 | €70 | -€95 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €1,005 | €1,599 | +€594 | +59.1% |
| Profit (loss) for the period | 9904 | €1,005 | €1,599 | +€594 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,005 | €1,599 | +€594 | +59.1% |
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 25 October 2026 via checked.be.