GL COMPANY: 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 COMPANY
Largest movements
- Tangible fixed assets +€26,958
up €26,958 (+211%), from €12,746 to €39,704
- Cash +€12,542
up €12,542 (+66.9%), from €18,744 to €31,286
mainly Debts after one year (+€26,261) and Net result for the year (+€13,208)
- Receivables within one year +€11,325
up €11,325 (+54.6%), from €20,736 to €32,062
of which Other amounts receivable: +€11,385
- Debts after one year +€26,261
up €26,261 (+141%), from €18,624 to €44,885
- Profit (loss) carried forward +€13,208
up €13,208 (+58.0%), from €22,767 to €35,974
- Current portion of long-term debt +€11,709
up €11,709 (+290%), from €4,043 to €15,752
- Gross operating margin +€19,012
up €19,012 (+142%), from €13,357 to €32,369
- Depreciation +€4,359
up €4,359 (+57.0%), from €7,642 to €12,001
- Taxes +€2,928
up €2,928 (+332%), from €882 to €3,810
- Financial charges +€1,702
up €1,702 (+177%), from €961 to €2,663
- Other operating charges -€560
down €560 (-45.0%), from €1,247 to €686
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 | €52,847 | €103,421 | +€50,574 | +95.7% |
| Fixed assets | 21/28 | €12,746 | €39,704 | +€26,958 | +211% |
| Tangible fixed assets | 22/27 | €12,746 | €39,704 | +€26,958 | +211% |
| Furniture and vehicles | 24 | €12,746 | €39,704 | +€26,958 | +211% |
| Current assets | 29/58 | €40,101 | €63,717 | +€23,616 | +58.9% |
| Amounts receivable within one year | 40/41 | €20,736 | €32,062 | +€11,325 | +54.6% |
| Trade receivables | 40 | €60 | - | -€60 | |
| Other amounts receivable | 41 | €20,676 | €32,062 | +€11,385 | +55.1% |
| Cash at bank and in hand | 54/58 | €18,744 | €31,286 | +€12,542 | +66.9% |
| Deferred charges and accrued income | 490/1 | €620 | €369 | -€251 | -40.5% |
| Total equity and liabilities | 10/49 | €52,847 | €103,421 | +€50,574 | +95.7% |
| Equity | 10/15 | €24,767 | €37,974 | +€13,208 | +53.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,767 | €35,974 | +€13,208 | +58.0% |
| Amounts payable | 17/49 | €28,080 | €65,446 | +€37,366 | +133% |
| Amounts payable after more than one year | 17 | €18,624 | €44,885 | +€26,261 | +141% |
| Financial debts | 170/4 | €18,624 | €44,885 | +€26,261 | +141% |
| Amounts payable within one year | 42/48 | €9,456 | €20,561 | +€11,105 | +117% |
| Current portion of amounts payable after more than one year | 42 | €4,043 | €15,752 | +€11,709 | +290% |
| Trade debts | 44 | €1,152 | €997 | -€155 | -13.5% |
| Suppliers | 440/4 | €1,152 | €997 | -€155 | -13.5% |
| Taxes, remuneration and social security | 45 | €4,261 | €3,813 | -€449 | -10.5% |
| Taxes | 450/3 | €4,261 | €3,813 | -€449 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,642 | €12,001 | +€4,359 | +57.0% |
| Other operating charges | 640/8 | €1,247 | €686 | -€560 | -45.0% |
| Gross operating margin | 9900 | €13,357 | €32,369 | +€19,012 | +142% |
| Operating profit (loss) | 9901 | €4,468 | €19,681 | +€15,213 | +340% |
| Financial charges | 65/66B | €961 | €2,663 | +€1,702 | +177% |
| Recurring financial charges | 65 | €961 | €2,663 | +€1,702 | +177% |
| Profit (loss) for the period before taxes | 9903 | €3,507 | €17,018 | +€13,511 | +385% |
| Income taxes | 67/77 | €882 | €3,810 | +€2,928 | +332% |
| Profit (loss) for the period | 9904 | €2,625 | €13,208 | +€10,583 | +403% |
| Profit (loss) for the period to be appropriated | 9905 | €2,625 | €13,208 | +€10,583 | +403% |
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.