GL EXPERTISE: 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 EXPERTISE
Largest movements
- Receivables within one year +€32,308
up €32,308 (+74.3%), from €43,507 to €75,815
of which Trade receivables: +€31,484
- Tangible fixed assets -€6,943
down €6,943 (-6.3%), from €110,167 to €103,224
- Reserves +€9,611
up €9,611 (+4.4%), from €220,666 to €230,276
of which Distributable reserves: +€9,611
- Other debts +€8,000
up €8,000 (+889%), from €900 to €8,900
- Tax, wage and social debts +€4,607
up €4,607, from €0 to €4,607
- Trade debts +€4,330
up €4,330 (+141%), from €3,064 to €7,395
- Current portion of long-term debt -€3,161
down €3,161 (-100%), from €3,161 to €0
- Gross operating margin +€47,971
up €47,971, from -€8,956 to €39,014
- Taxes +€5,958
up €5,958 (+603%), from €987 to €6,945
- Other operating charges -€2,707
down €2,707 (-55.3%), from €4,898 to €2,191
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 | €208,683 | €232,070 | +€23,386 | +11.2% |
| Fixed assets | 21/28 | €117,767 | €110,824 | -€6,943 | -5.9% |
| Tangible fixed assets | 22/27 | €110,167 | €103,224 | -€6,943 | -6.3% |
| Land and buildings | 22 | €87,563 | €84,241 | -€3,322 | -3.8% |
| Plant, machinery and equipment | 23 | €9,798 | €9,378 | -€419 | -4.3% |
| Furniture and vehicles | 24 | €12,806 | €9,604 | -€3,201 | -25.0% |
| Financial fixed assets | 28 | €7,600 | €7,600 | = | 0.0% |
| Current assets | 29/58 | €90,916 | €121,246 | +€30,329 | +33.4% |
| Amounts receivable within one year | 40/41 | €43,507 | €75,815 | +€32,308 | +74.3% |
| Trade receivables | 40 | €37,726 | €69,210 | +€31,484 | +83.5% |
| Other amounts receivable | 41 | €5,781 | €6,605 | +€824 | +14.3% |
| Cash at bank and in hand | 54/58 | €36,623 | €34,626 | -€1,998 | -5.5% |
| Deferred charges and accrued income | 490/1 | €10,787 | €10,805 | +€19 | +0.2% |
| Total equity and liabilities | 10/49 | €208,683 | €232,070 | +€23,386 | +11.2% |
| Equity | 10/15 | €201,443 | €211,054 | +€9,611 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €220,666 | €230,276 | +€9,611 | +4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €218,806 | €228,416 | +€9,611 | +4.4% |
| Profit (loss) carried forward | 14 | -€25,423 | -€25,423 | = | 0.0% |
| Amounts payable | 17/49 | €7,240 | €21,016 | +€13,776 | +190% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,125 | €20,901 | +€13,776 | +193% |
| Current portion of amounts payable after more than one year | 42 | €3,161 | €0 | -€3,161 | -100% |
| Trade debts | 44 | €3,064 | €7,395 | +€4,330 | +141% |
| Suppliers | 440/4 | €3,064 | €7,395 | +€4,330 | +141% |
| Taxes, remuneration and social security | 45 | €0 | €4,607 | +€4,607 | |
| Taxes | 450/3 | €0 | €4,607 | +€4,607 | |
| Other amounts payable | 47/48 | €900 | €8,900 | +€8,000 | +889% |
| Accrued charges and deferred income | 492/3 | €115 | €115 | = | 0.0% |
| Non-recurring operating income | 76A | €13,223 | €0 | -€13,223 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,893 | €9,134 | +€241 | +2.7% |
| Other operating charges | 640/8 | €4,898 | €2,191 | -€2,707 | -55.3% |
| Gross operating margin | 9900 | -€8,956 | €39,014 | +€47,971 | |
| Operating profit (loss) | 9901 | -€22,748 | €27,690 | +€50,437 | |
| Financial income | 75/76B | €15 | €6 | -€9 | -61.2% |
| Recurring financial income | 75 | €15 | €6 | -€9 | -61.2% |
| Financial charges | 65/66B | €3,098 | €3,140 | +€42 | +1.4% |
| Recurring financial charges | 65 | €3,098 | €3,140 | +€42 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,830 | €24,555 | +€50,386 | |
| Income taxes | 67/77 | €987 | €6,945 | +€5,958 | +603% |
| Profit (loss) for the period | 9904 | -€26,817 | €17,611 | +€44,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,817 | €17,611 | +€44,428 |
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 17 October 2026 via checked.be.