GCLF: what changed
Two fiscal 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.
GCLF
Largest movements
- Cash -€30,447
down €30,447 (-73.8%), from €41,260 to €10,813
mainly Other debts (-€62,259) and Tax, wage and social debts (-€8,409)
- Receivables within one year -€8,399
down €8,399 (-46.5%), from €18,046 to €9,647
of which Trade receivables: -€17,639
- Tangible fixed assets -€2,114
down €2,114 (-6.5%), from €32,637 to €30,523
- Other debts -€62,259
down €62,259 (-100.0%), from €62,271 to €12
- Reserves +€22,339
new in 2025: €22,339
- Profit (loss) carried forward +€8,619
new in 2025: €8,619
- Tax, wage and social debts -€8,409
down €8,409 (-92.9%), from €9,052 to €643
- Trade debts -€1,019
down €1,019 (-40.8%), from €2,494 to €1,476
- Gross operating margin -€36,110
down €36,110 (-44.6%), from €80,903 to €44,793
- Taxes -€5,240
down €5,240 (-32.6%), from €16,093 to €10,853
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.
Cash bridge derived
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 | €92,952 | €52,039 | -€40,913 | -44.0% |
| Fixed assets | 21/28 | €32,637 | €30,523 | -€2,114 | -6.5% |
| Tangible fixed assets | 22/27 | €32,637 | €30,523 | -€2,114 | -6.5% |
| Land and buildings | 22 | €28,200 | €27,400 | -€800 | -2.8% |
| Plant, machinery and equipment | 23 | €709 | €194 | -€514 | -72.6% |
| Furniture and vehicles | 24 | €3,728 | €2,928 | -€800 | -21.5% |
| Current assets | 29/58 | €60,315 | €21,516 | -€38,799 | -64.3% |
| Amounts receivable within one year | 40/41 | €18,046 | €9,647 | -€8,399 | -46.5% |
| Trade receivables | 40 | €17,639 | - | -€17,639 | |
| Other amounts receivable | 41 | €407 | €9,647 | +€9,240 | +2271.1% |
| Cash at bank and in hand | 54/58 | €41,260 | €10,813 | -€30,447 | -73.8% |
| Deferred charges and accrued income | 490/1 | €1,009 | €1,056 | +€46 | +4.6% |
| Total equity and liabilities | 10/49 | €92,952 | €52,039 | -€40,913 | -44.0% |
| Equity | 10/15 | €18,600 | €49,558 | +€30,958 | +166.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €22,339 | +€22,339 | |
| Distributable reserves | 133 | - | €22,339 | +€22,339 | |
| Profit (loss) carried forward | 14 | - | €8,619 | +€8,619 | |
| Amounts payable | 17/49 | €74,352 | €2,481 | -€71,872 | -96.7% |
| Amounts payable within one year | 42/48 | €74,352 | €2,131 | -€72,222 | -97.1% |
| Current portion of amounts payable after more than one year | 42 | €535 | - | -€535 | |
| Trade debts | 44 | €2,494 | €1,476 | -€1,019 | -40.8% |
| Suppliers | 440/4 | €2,494 | €1,476 | -€1,019 | -40.8% |
| Taxes, remuneration and social security | 45 | €9,052 | €643 | -€8,409 | -92.9% |
| Taxes | 450/3 | €9,052 | €643 | -€8,409 | -92.9% |
| Other amounts payable | 47/48 | €62,271 | €12 | -€62,259 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,114 | €2,114 | +€0 | 0.0% |
| Other operating charges | 640/8 | €240 | €237 | -€3 | -1.1% |
| Non-recurring operating charges | 66A | - | €521 | +€521 | |
| Gross operating margin | 9900 | €80,903 | €44,793 | -€36,110 | -44.6% |
| Operating profit (loss) | 9901 | €78,550 | €41,921 | -€36,629 | -46.6% |
| Financial income | 75/76B | €5 | €2 | -€3 | -67.6% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -67.6% |
| Financial charges | 65/66B | €202 | €111 | -€91 | -45.0% |
| Recurring financial charges | 65 | €202 | €111 | -€91 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €78,352 | €41,811 | -€36,541 | -46.6% |
| Income taxes | 67/77 | €16,093 | €10,853 | -€5,240 | -32.6% |
| Profit (loss) for the period | 9904 | €62,259 | €30,958 | -€31,301 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,259 | €30,958 | -€31,301 | -50.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.