GCLW: 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.
GCLW
Largest movements
- Cash +€100,260
up €100,260 (+1022.1%), from €9,809 to €110,068
mainly Other debts (+€225,660) and Net result for the year (+€156,508)
- Other debts +€225,660
up €225,660 (+111.5%), from €202,330 to €427,990
- Debts after one year -€145,891
down €145,891 (-22.2%), from €656,566 to €510,675
- Accrued charges and deferred income +€13,287
new in 2024: €13,287
- Financial income +€93,505
up €93,505 (+109.6%), from €85,343 to €178,848
- Financial charges -€3,227
down €3,227 (-16.1%), from €20,016 to €16,790
- Gross operating margin -€431
down €431 (-34.8%), from -€1,239 to -€1,670
- Other operating charges +€374
up €374 (+1409.4%), from €27 to €400
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 | €1,021,617 | €1,118,172 | +€96,555 | +9.5% |
| Formation expenses | 20 | €11,584 | €8,104 | -€3,480 | -30.0% |
| Fixed assets | 21/28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €10,033 | €110,068 | +€100,035 | +997.0% |
| Amounts receivable within one year | 40/41 | €224 | - | -€224 | |
| Trade receivables | 40 | €224 | - | -€224 | |
| Cash at bank and in hand | 54/58 | €9,809 | €110,068 | +€100,260 | +1022.1% |
| Total equity and liabilities | 10/49 | €1,021,617 | €1,118,172 | +€96,555 | +9.5% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,001,617 | €1,098,172 | +€96,555 | +9.6% |
| Amounts payable after more than one year | 17 | €656,566 | €510,675 | -€145,891 | -22.2% |
| Financial debts | 170/4 | €656,566 | €510,675 | -€145,891 | -22.2% |
| Amounts payable within one year | 42/48 | €345,051 | €574,210 | +€229,159 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €142,721 | €145,891 | +€3,170 | +2.2% |
| Trade debts | 44 | - | €329 | +€329 | |
| Suppliers | 440/4 | - | €329 | +€329 | |
| Other amounts payable | 47/48 | €202,330 | €427,990 | +€225,660 | +111.5% |
| Accrued charges and deferred income | 492/3 | - | €13,287 | +€13,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,480 | €3,480 | +€0 | 0.0% |
| Other operating charges | 640/8 | €27 | €400 | +€374 | +1409.4% |
| Gross operating margin | 9900 | -€1,239 | -€1,670 | -€431 | -34.8% |
| Operating profit (loss) | 9901 | -€4,745 | -€5,550 | -€805 | -17.0% |
| Financial income | 75/76B | €85,343 | €178,848 | +€93,505 | +109.6% |
| Recurring financial income | 75 | €85,343 | €178,848 | +€93,505 | +109.6% |
| Financial charges | 65/66B | €20,016 | €16,790 | -€3,227 | -16.1% |
| Recurring financial charges | 65 | €20,016 | €16,790 | -€3,227 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €60,581 | €156,508 | +€95,927 | +158.3% |
| Profit (loss) for the period | 9904 | €60,581 | €156,508 | +€95,927 | +158.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,581 | €156,508 | +€95,927 | +158.3% |
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 11 October 2026 via checked.be.