GL CHASSIS: what changed
What changed
GL CHASSIS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€243,350
2024 · €584,163-€340,813
Equity
€780,692
2024 · €763,470+€17,222
Cash
€340,079
2024 · €574,202-€234,123
Balance sheet total
€4.4m
2024 · €3.6m+€734,433
Largest movements
Assets
- Stocks and contracts +€709,656
up €709,656 (+54.3%), from €1.3m to €2.0m
of which Contracts in progress: +€642,319
- Cash -€234,123
down €234,123 (-40.8%), from €574,202 to €340,079
mainly Stocks and contracts (-€709,656) and Investment in fixed assets (net) (-€462,589)
- Tangible fixed assets +€184,783
up €184,783 (+18.1%), from €1.0m to €1.2m
of which Land and buildings: +€129,723
- Receivables within one year +€167,845
up €167,845 (+28.0%), from €598,872 to €766,717
of which Trade receivables: +€167,989
- Receivables after one year -€77,355
no longer reported in 2025 (was €77,355)
Equity and liabilities
- Advances received +€478,934
up €478,934 (+35.4%), from €1.4m to €1.8m
- Trade debts +€179,758
up €179,758 (+136%), from €132,192 to €311,950
- Other debts +€59,892
up €59,892 (+6.2%), from €964,605 to €1.0m
Income statement
- Gross operating margin -€300,731
down €300,731 (-12.8%), from €2.4m to €2.1m
- Depreciation +€33,906
up €33,906 (+13.1%), from €258,763 to €292,668
- Write-downs -€27,129
down €27,129, from €20,254 to -€6,875
- Staff costs +€23,913
up €23,913 (+1.6%), from €1.5m to €1.5m
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.
Result 2024
€584,163
Gross operating margin
-€300,731
Staff costs
-€23,913
Depreciation
-€33,906
Write-downs
+€27,129
Other operating charges
-€18,463
Financial income
+€6,897
Financial charges
-€1,202
Taxes
+€3,374
Result 2025
€243,350
raises the resultlowers the result
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.
From operations
+€419,219
Investment
-€462,589
Financing
-€190,754
Cash 2024
€574,202
From operations (derived)
+€419,219
Net result for the year
+€243,350
Depreciation
+€292,668
Receivables after one year
+€77,355
Stocks and contracts
-€709,656
Receivables within one year
-€167,845
Smaller working-capital items
+€1,512
Trade debts
+€179,758
Tax, wage and social debts
-€36,748
Advances received
+€478,934
Other debts
+€59,892
Investment (derived)
-€462,589
Investment in fixed assets (net)
-€462,589
Financing
-€190,754
Debts after one year
+€2,556
Current portion of long-term debt
+€33,457
Short-term financial debts
-€638
Contributions, distributions and other
-€226,128
Cash 2025
€340,079
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,649,261 | €4,383,694 | +€734,433 | +20.1% |
| Fixed assets | 21/28 | €1,055,859 | €1,225,779 | +€169,921 | +16.1% |
| Intangible fixed assets | 21 | €33,318 | €18,456 | -€14,862 | -44.6% |
| Tangible fixed assets | 22/27 | €1,022,405 | €1,207,188 | +€184,783 | +18.1% |
| Land and buildings | 22 | €709,091 | €838,814 | +€129,723 | +18.3% |
| Plant, machinery and equipment | 23 | €33,203 | €15,394 | -€17,809 | -53.6% |
| Furniture and vehicles | 24 | €85,320 | €190,258 | +€104,938 | +123% |
| Leasing and similar rights | 25 | €194,792 | €162,723 | -€32,069 | -16.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,593,402 | €3,157,915 | +€564,513 | +21.8% |
| Amounts receivable after more than one year | 29 | €77,355 | - | -€77,355 | |
| Trade receivables | 290 | €77,355 | - | -€77,355 | |
| Stocks and contracts in progress | 3 | €1,305,731 | €2,015,387 | +€709,656 | +54.3% |
| Stocks | 30/36 | €312,035 | €379,372 | +€67,337 | +21.6% |
| Contracts in progress | 37 | €993,695 | €1,636,015 | +€642,319 | +64.6% |
| Amounts receivable within one year | 40/41 | €598,872 | €766,717 | +€167,845 | +28.0% |
| Trade receivables | 40 | €537,368 | €705,357 | +€167,989 | +31.3% |
| Other amounts receivable | 41 | €61,505 | €61,361 | -€144 | -0.2% |
| Cash at bank and in hand | 54/58 | €574,202 | €340,079 | -€234,123 | -40.8% |
| Deferred charges and accrued income | 490/1 | €37,243 | €35,732 | -€1,511 | -4.1% |
| Total equity and liabilities | 10/49 | €3,649,261 | €4,383,694 | +€734,433 | +20.1% |
| Equity | 10/15 | €763,470 | €780,692 | +€17,222 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €737,487 | €755,838 | +€18,350 | +2.5% |
| Distributable reserves | 133 | €737,487 | €755,838 | +€18,350 | +2.5% |
| Investment grants | 15 | €7,383 | €6,254 | -€1,128 | -15.3% |
| Amounts payable | 17/49 | €2,885,791 | €3,603,002 | +€717,212 | +24.9% |
| Amounts payable after more than one year | 17 | €210,591 | €213,147 | +€2,556 | +1.2% |
| Financial debts | 170/4 | €210,591 | €213,147 | +€2,556 | +1.2% |
| Amounts payable within one year | 42/48 | €2,675,068 | €3,389,723 | +€714,655 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €68,929 | €102,386 | +€33,457 | +48.5% |
| Financial debts | 43 | €638 | - | -€638 | |
| Credit institutions | 430/8 | €638 | - | -€638 | |
| Trade debts | 44 | €132,192 | €311,950 | +€179,758 | +136% |
| Suppliers | 440/4 | €132,192 | €311,950 | +€179,758 | +136% |
| Advances received on contracts in progress | 46 | €1,354,147 | €1,833,080 | +€478,934 | +35.4% |
| Taxes, remuneration and social security | 45 | €154,558 | €117,810 | -€36,748 | -23.8% |
| Taxes | 450/3 | €17,867 | €22,010 | +€4,143 | +23.2% |
| Remuneration and social security | 454/9 | €136,691 | €95,800 | -€40,891 | -29.9% |
| Other amounts payable | 47/48 | €964,605 | €1,024,497 | +€59,892 | +6.2% |
| Accrued charges and deferred income | 492/3 | €131 | €133 | +€2 | +1.2% |
| Non-recurring operating income | 76A | €1,045 | - | -€1,045 | |
| Remuneration, social security and pensions | 62 | €1,478,830 | €1,502,742 | +€23,913 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,763 | €292,668 | +€33,906 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,254 | -€6,875 | -€27,129 | |
| Other operating charges | 640/8 | €28,834 | €47,297 | +€18,463 | +64.0% |
| Gross operating margin | 9900 | €2,353,203 | €2,052,472 | -€300,731 | -12.8% |
| Operating profit (loss) | 9901 | €566,522 | €216,640 | -€349,883 | -61.8% |
| Financial income | 75/76B | €37,521 | €44,418 | +€6,897 | +18.4% |
| Recurring financial income | 75 | €37,521 | €44,418 | +€6,897 | +18.4% |
| Financial charges | 65/66B | €9,404 | €10,606 | +€1,202 | +12.8% |
| Recurring financial charges | 65 | €9,404 | €10,606 | +€1,202 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €594,639 | €250,452 | -€344,187 | -57.9% |
| Income taxes | 67/77 | €10,476 | €7,102 | -€3,374 | -32.2% |
| Profit (loss) for the period | 9904 | €584,163 | €243,350 | -€340,813 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €584,163 | €243,350 | -€340,813 | -58.3% |
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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 7 November 2026 via checked.be.