GL CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year -€26,442
down €26,442 (-32.3%), from €81,895 to €55,452
of which Trade receivables: -€23,169
- Stocks and contracts +€19,227
new in 2025: €19,227
- Cash -€7,057
down €7,057 (-56.2%), from €12,556 to €5,499
mainly Net result for the year (-€41,510) and Stocks and contracts (-€19,227)
- Tangible fixed assets -€5,186
down €5,186 (-44.2%), from €11,721 to €6,535
of which Furniture and vehicles: -€4,293
- Profit (loss) carried forward -€41,510
down €41,510, from €2,624 to -€38,886
- Tax, wage and social debts +€20,028
up €20,028 (+416%), from €4,809 to €24,837
of which Remuneration and social security: +€17,788
- Trade debts +€2,024
up €2,024 (+2.1%), from €94,238 to €96,262
- Staff costs +€92,983
up €92,983 (+261%), from €35,668 to €128,651
- Gross operating margin +€49,380
up €49,380 (+109%), from €45,135 to €94,515
- Other operating charges +€4,452
up €4,452 (+301%), from €1,478 to €5,930
- Financial charges -€3,103
down €3,103, from €456 to -€2,647
- Depreciation +€1,348
up €1,348 (+35.1%), from €3,837 to €5,186
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 | €106,671 | €87,214 | -€19,458 | -18.2% |
| Fixed assets | 21/28 | €12,221 | €7,035 | -€5,186 | -42.4% |
| Tangible fixed assets | 22/27 | €11,721 | €6,535 | -€5,186 | -44.2% |
| Plant, machinery and equipment | 23 | €2,045 | €1,152 | -€893 | -43.7% |
| Furniture and vehicles | 24 | €9,676 | €5,383 | -€4,293 | -44.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €94,450 | €80,178 | -€14,272 | -15.1% |
| Stocks and contracts in progress | 3 | - | €19,227 | +€19,227 | |
| Stocks | 30/36 | - | €19,227 | +€19,227 | |
| Amounts receivable within one year | 40/41 | €81,895 | €55,452 | -€26,442 | -32.3% |
| Trade receivables | 40 | €46,380 | €23,211 | -€23,169 | -50.0% |
| Other amounts receivable | 41 | €35,515 | €32,242 | -€3,273 | -9.2% |
| Cash at bank and in hand | 54/58 | €12,556 | €5,499 | -€7,057 | -56.2% |
| Total equity and liabilities | 10/49 | €106,671 | €87,214 | -€19,458 | -18.2% |
| Equity | 10/15 | €7,624 | -€33,886 | -€41,510 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,624 | -€38,886 | -€41,510 | |
| Amounts payable | 17/49 | €99,047 | €121,099 | +€22,052 | +22.3% |
| Amounts payable within one year | 42/48 | €99,047 | €121,099 | +€22,052 | +22.3% |
| Trade debts | 44 | €94,238 | €96,262 | +€2,024 | +2.1% |
| Suppliers | 440/4 | €94,238 | €96,262 | +€2,024 | +2.1% |
| Taxes, remuneration and social security | 45 | €4,809 | €24,837 | +€20,028 | +416% |
| Taxes | 450/3 | €1,072 | €3,311 | +€2,240 | +209% |
| Remuneration and social security | 454/9 | €3,738 | €21,526 | +€17,788 | +476% |
| Remuneration, social security and pensions | 62 | €35,668 | €128,651 | +€92,983 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,837 | €5,186 | +€1,348 | +35.1% |
| Other operating charges | 640/8 | €1,478 | €5,930 | +€4,452 | +301% |
| Gross operating margin | 9900 | €45,135 | €94,515 | +€49,380 | +109% |
| Operating profit (loss) | 9901 | €4,151 | -€45,252 | -€49,403 | |
| Financial income | 75/76B | €0 | €1,272 | +€1,272 | +1,060,225% |
| Recurring financial income | 75 | €0 | €1,272 | +€1,272 | +1,060,225% |
| Financial charges | 65/66B | €456 | -€2,647 | -€3,103 | |
| Recurring financial charges | 65 | €456 | -€2,647 | -€3,103 | |
| Profit (loss) for the period before taxes | 9903 | €3,696 | -€41,332 | -€45,028 | |
| Income taxes | 67/77 | €1,072 | €178 | -€894 | -83.4% |
| Profit (loss) for the period | 9904 | €2,624 | -€41,510 | -€44,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,624 | -€41,510 | -€44,134 |
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 23 October 2026 via checked.be.