GL ADMINISTRATION CENTER: what changed
GL ADMINISTRATION CENTER
Largest movements
- Receivables within one year +€25,903
up €25,903 (+78.8%), from €32,858 to €58,761
of which Trade receivables: +€27,909
- Cash -€18,919
down €18,919 (-57.1%), from €33,162 to €14,243
mainly Receivables within one year (-€25,903) and Trade debts (-€1,174)
- Tax, wage and social debts +€7,012
up €7,012 (+24.5%), from €28,598 to €35,609
of which Remuneration and social security: +€4,670
- Trade debts -€1,174
down €1,174 (-31.2%), from €3,767 to €2,593
- Profit (loss) carried forward +€1,146
up €1,146 (+38.8%), from €2,955 to €4,102
- Turnover -€471,323
no longer reported in 2025 (was €471,323)
- Gross operating margin +€7,802
up €7,802 (+2.3%), from €346,685 to €354,487
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,020 | €73,004 | +€6,984 | +10.6% |
| Current assets | 29/58 | €66,020 | €73,004 | +€6,984 | +10.6% |
| Amounts receivable within one year | 40/41 | €32,858 | €58,761 | +€25,903 | +78.8% |
| Trade receivables | 40 | €30,823 | €58,732 | +€27,909 | +90.5% |
| Other amounts receivable | 41 | €2,035 | €29 | -€2,006 | -98.6% |
| Cash at bank and in hand | 54/58 | €33,162 | €14,243 | -€18,919 | -57.1% |
| Total equity and liabilities | 10/49 | €66,020 | €73,004 | +€6,984 | +10.6% |
| Equity | 10/15 | €33,655 | €34,802 | +€1,146 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,700 | €10,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,955 | €4,102 | +€1,146 | +38.8% |
| Amounts payable | 17/49 | €32,365 | €38,202 | +€5,838 | +18.0% |
| Amounts payable within one year | 42/48 | €32,365 | €38,202 | +€5,838 | +18.0% |
| Trade debts | 44 | €3,767 | €2,593 | -€1,174 | -31.2% |
| Suppliers | 440/4 | €3,767 | €2,593 | -€1,174 | -31.2% |
| Taxes, remuneration and social security | 45 | €28,598 | €35,609 | +€7,012 | +24.5% |
| Taxes | 450/3 | €1,820 | €4,162 | +€2,341 | +129% |
| Remuneration and social security | 454/9 | €26,777 | €31,448 | +€4,670 | +17.4% |
| Turnover | 70 | €471,323 | - | -€471,323 | |
| Remuneration, social security and pensions | 62 | €344,218 | €348,073 | +€3,855 | +1.1% |
| Other operating charges | 640/8 | €1,222 | €2,882 | +€1,660 | +136% |
| Gross operating margin | 9900 | €346,685 | €354,487 | +€7,802 | +2.3% |
| Operating profit (loss) | 9901 | €1,245 | €3,531 | +€2,287 | +184% |
| Financial income | 75/76B | €7 | €16 | +€9 | +133% |
| Recurring financial income | 75 | €7 | €16 | +€9 | +133% |
| Financial charges | 65/66B | €551 | €551 | +€0 | +0.1% |
| Recurring financial charges | 65 | €551 | €551 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €701 | €2,996 | +€2,296 | +328% |
| Income taxes | 67/77 | €1,399 | €1,850 | +€451 | +32.3% |
| Profit (loss) for the period | 9904 | -€698 | €1,146 | +€1,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€698 | €1,146 | +€1,844 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.