GL Accounting: 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.
GL Accounting
Largest movements
- Cash +€15,438
up €15,438 (+159%), from €9,689 to €25,127
mainly Net result for the year (+€19,484) and Other debts (+€14,209)
- Receivables within one year +€8,648
up €8,648 (+54.0%), from €16,015 to €24,663
of which Trade receivables: +€8,682
- Tangible fixed assets -€6,696
down €6,696 (-27.0%), from €24,770 to €18,074
- Deferred charges and accrued income +€827
up €827 (+73.2%), from €1,130 to €1,957
- Other debts +€14,209
up €14,209 (+39.0%), from €36,463 to €50,673
- Tax, wage and social debts +€5,305
up €5,305 (+44.4%), from €11,944 to €17,248
of which Remuneration and social security: +€3,919
- Trade debts -€1,297
down €1,297 (-59.0%), from €2,197 to €900
- Gross operating margin +€13,512
up €13,512 (+24.1%), from €56,168 to €69,680
- Depreciation +€5,112
up €5,112 (+323%), from €1,585 to €6,696
- Taxes +€2,141
up €2,141 (+181%), from €1,184 to €3,325
- Staff costs +€982
up €982 (+2.6%), from €37,423 to €38,405
- Write-downs +€883
new in 2025: €883
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 | €51,604 | €69,820 | +€18,217 | +35.3% |
| Fixed assets | 21/28 | €24,770 | €18,074 | -€6,696 | -27.0% |
| Tangible fixed assets | 22/27 | €24,770 | €18,074 | -€6,696 | -27.0% |
| Furniture and vehicles | 24 | €24,770 | €18,074 | -€6,696 | -27.0% |
| Current assets | 29/58 | €26,834 | €51,747 | +€24,913 | +92.8% |
| Amounts receivable within one year | 40/41 | €16,015 | €24,663 | +€8,648 | +54.0% |
| Trade receivables | 40 | €15,981 | €24,663 | +€8,682 | +54.3% |
| Other amounts receivable | 41 | €34 | - | -€34 | |
| Cash at bank and in hand | 54/58 | €9,689 | €25,127 | +€15,438 | +159% |
| Deferred charges and accrued income | 490/1 | €1,130 | €1,957 | +€827 | +73.2% |
| Total equity and liabilities | 10/49 | €51,604 | €69,820 | +€18,217 | +35.3% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €50,604 | €68,820 | +€18,217 | +36.0% |
| Amounts payable within one year | 42/48 | €50,604 | €68,820 | +€18,217 | +36.0% |
| Trade debts | 44 | €2,197 | €900 | -€1,297 | -59.0% |
| Suppliers | 440/4 | €2,197 | €900 | -€1,297 | -59.0% |
| Taxes, remuneration and social security | 45 | €11,944 | €17,248 | +€5,305 | +44.4% |
| Taxes | 450/3 | €7,581 | €8,967 | +€1,385 | +18.3% |
| Remuneration and social security | 454/9 | €4,362 | €8,281 | +€3,919 | +89.8% |
| Other amounts payable | 47/48 | €36,463 | €50,673 | +€14,209 | +39.0% |
| Remuneration, social security and pensions | 62 | €37,423 | €38,405 | +€982 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €6,696 | +€5,112 | +323% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €883 | +€883 | |
| Other operating charges | 640/8 | €844 | €664 | -€180 | -21.3% |
| Non-recurring operating charges | 66A | €3,137 | - | -€3,137 | |
| Gross operating margin | 9900 | €56,168 | €69,680 | +€13,512 | +24.1% |
| Operating profit (loss) | 9901 | €13,179 | €23,032 | +€9,853 | +74.8% |
| Financial income | 75/76B | €26 | €26 | -€1 | -2.4% |
| Recurring financial income | 75 | €26 | €26 | -€1 | -2.4% |
| Financial charges | 65/66B | €53 | €249 | +€195 | +369% |
| Recurring financial charges | 65 | €53 | €249 | +€195 | +369% |
| Profit (loss) for the period before taxes | 9903 | €13,153 | €22,809 | +€9,656 | +73.4% |
| Income taxes | 67/77 | €1,184 | €3,325 | +€2,141 | +181% |
| Profit (loss) for the period | 9904 | €11,969 | €19,484 | +€7,515 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,969 | €19,484 | +€7,515 | +62.8% |
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 18 October 2026 via checked.be.