GL-Concepts: 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-Concepts
Largest movements
- Stocks and contracts +€220,191
up €220,191 (+367.0%), from €60,000 to €280,191
- Receivables within one year -€50,255
down €50,255 (-88.3%), from €56,901 to €6,646
of which Other amounts receivable: -€40,061
- Tangible fixed assets -€18,003
down €18,003 (-2.7%), from €662,506 to €644,503
of which Land and buildings: -€17,500
- Other debts +€208,817
new in 2025: €208,817
- Profit (loss) carried forward -€50,000
down €50,000 (-19.0%), from €263,463 to €213,463
- Debts after one year -€39,240
down €39,240 (-7.2%), from €541,350 to €502,110
- Reserves +€15,061
new in 2025: €15,061
- Gross operating margin +€44,704
up €44,704 (+166.6%), from €26,834 to €71,538
- Financial charges -€8,265
down €8,265 (-22.1%), from €37,437 to €29,172
- Taxes +€1,506
new in 2025: €1,506
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.
Cash bridge derived
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 | €843,779 | €988,532 | +€144,753 | +17.2% |
| Fixed assets | 21/28 | €691,806 | €673,803 | -€18,003 | -2.6% |
| Tangible fixed assets | 22/27 | €662,506 | €644,503 | -€18,003 | -2.7% |
| Land and buildings | 22 | €661,459 | €643,959 | -€17,500 | -2.6% |
| Plant, machinery and equipment | 23 | €1,047 | €545 | -€503 | -48.0% |
| Financial fixed assets | 28 | €29,300 | €29,300 | = | 0.0% |
| Current assets | 29/58 | €151,973 | €314,729 | +€162,756 | +107.1% |
| Stocks and contracts in progress | 3 | €60,000 | €280,191 | +€220,191 | +367.0% |
| Stocks | 30/36 | €60,000 | €280,191 | +€220,191 | +367.0% |
| Amounts receivable within one year | 40/41 | €56,901 | €6,646 | -€50,255 | -88.3% |
| Trade receivables | 40 | €16,840 | €6,646 | -€10,194 | -60.5% |
| Other amounts receivable | 41 | €40,061 | - | -€40,061 | |
| Cash at bank and in hand | 54/58 | €34,242 | €27,047 | -€7,195 | -21.0% |
| Deferred charges and accrued income | 490/1 | €830 | €844 | +€14 | +1.7% |
| Total equity and liabilities | 10/49 | €843,779 | €988,532 | +€144,753 | +17.2% |
| Equity | 10/15 | €269,663 | €234,724 | -€34,939 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €15,061 | +€15,061 | |
| Distributable reserves | 133 | - | €15,061 | +€15,061 | |
| Profit (loss) carried forward | 14 | €263,463 | €213,463 | -€50,000 | -19.0% |
| Amounts payable | 17/49 | €574,116 | €753,808 | +€179,692 | +31.3% |
| Amounts payable after more than one year | 17 | €541,350 | €502,110 | -€39,240 | -7.2% |
| Financial debts | 170/4 | €541,350 | €502,110 | -€39,240 | -7.2% |
| Amounts payable within one year | 42/48 | €32,766 | €251,698 | +€218,932 | +668.2% |
| Current portion of amounts payable after more than one year | 42 | €28,163 | €35,737 | +€7,574 | +26.9% |
| Trade debts | 44 | €3,933 | €2,739 | -€1,193 | -30.3% |
| Suppliers | 440/4 | €3,933 | €2,739 | -€1,193 | -30.3% |
| Taxes, remuneration and social security | 45 | €670 | €4,405 | +€3,735 | +557.3% |
| Taxes | 450/3 | €670 | €4,405 | +€3,735 | +557.3% |
| Other amounts payable | 47/48 | - | €208,817 | +€208,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,003 | €18,003 | = | 0.0% |
| Other operating charges | 640/8 | €7,452 | €7,795 | +€343 | +4.6% |
| Gross operating margin | 9900 | €26,834 | €71,538 | +€44,704 | +166.6% |
| Operating profit (loss) | 9901 | €1,379 | €45,740 | +€44,361 | +3217.2% |
| Financial charges | 65/66B | €37,437 | €29,172 | -€8,265 | -22.1% |
| Recurring financial charges | 65 | €37,437 | €29,172 | -€8,265 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,058 | €16,568 | +€52,625 | |
| Income taxes | 67/77 | - | €1,506 | +€1,506 | |
| Profit (loss) for the period | 9904 | -€36,058 | €15,061 | +€51,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,058 | €15,061 | +€51,119 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.