GL FOOD: 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 FOOD
Largest movements
- Cash -€20,318
down €20,318 (-93.9%), from €21,630 to €1,311
mainly Trade debts (-€27,148) and Other debts (-€10,869)
- Stocks and contracts -€18,602
down €18,602 (-30.1%), from €61,749 to €43,148
- Tangible fixed assets +€1,975
up €1,975 (+15.8%), from €12,470 to €14,445
of which Plant, machinery and equipment: +€2,445
- Deferred charges and accrued income -€1,637
down €1,637 (-93.2%), from €1,757 to €119
- Trade debts -€27,148
down €27,148 (-42.9%), from €63,305 to €36,158
- Other debts -€10,869
down €10,869 (-39.4%), from €27,580 to €16,711
- Debts after one year -€3,117
no longer reported in 2025 (was €3,117)
- Current portion of long-term debt -€3,004
down €3,004 (-49.1%), from €6,121 to €3,117
- Advances received +€2,332
new in 2025: €2,332
- Gross operating margin -€11,737
down €11,737 (-56.9%), from €20,646 to €8,908
- Depreciation +€3,758
up €3,758 (+394%), from €954 to €4,712
- Staff costs +€563
up €563 (+310%), from €182 to €745
- Financial charges -€485
down €485 (-27.1%), from €1,788 to €1,303
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 | €108,859 | €70,057 | -€38,802 | -35.6% |
| Fixed assets | 21/28 | €15,589 | €17,245 | +€1,655 | +10.6% |
| Intangible fixed assets | 21 | €3,120 | €2,800 | -€320 | -10.3% |
| Tangible fixed assets | 22/27 | €12,470 | €14,445 | +€1,975 | +15.8% |
| Plant, machinery and equipment | 23 | €3,641 | €6,086 | +€2,445 | +67.2% |
| Furniture and vehicles | 24 | €8,829 | €6,212 | -€2,617 | -29.6% |
| Other tangible fixed assets | 26 | - | €2,147 | +€2,147 | |
| Current assets | 29/58 | €93,270 | €52,812 | -€40,458 | -43.4% |
| Stocks and contracts in progress | 3 | €61,749 | €43,148 | -€18,602 | -30.1% |
| Stocks | 30/36 | €61,749 | €43,148 | -€18,602 | -30.1% |
| Amounts receivable within one year | 40/41 | €8,135 | €8,234 | +€100 | +1.2% |
| Trade receivables | 40 | €3,344 | €5,846 | +€2,502 | +74.8% |
| Other amounts receivable | 41 | €4,791 | €2,389 | -€2,402 | -50.1% |
| Cash at bank and in hand | 54/58 | €21,630 | €1,311 | -€20,318 | -93.9% |
| Deferred charges and accrued income | 490/1 | €1,757 | €119 | -€1,637 | -93.2% |
| Total equity and liabilities | 10/49 | €108,859 | €70,057 | -€38,802 | -35.6% |
| Equity | 10/15 | €5,202 | €6,840 | +€1,638 | +31.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,198 | -€5,560 | +€1,638 | +22.8% |
| Amounts payable | 17/49 | €103,657 | €63,217 | -€40,440 | -39.0% |
| Amounts payable after more than one year | 17 | €3,117 | - | -€3,117 | |
| Financial debts | 170/4 | €3,117 | - | -€3,117 | |
| Amounts payable within one year | 42/48 | €100,511 | €63,217 | -€37,294 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €6,121 | €3,117 | -€3,004 | -49.1% |
| Financial debts | 43 | €2,483 | €3,858 | +€1,375 | +55.4% |
| Credit institutions | 430/8 | €2,483 | €3,858 | +€1,375 | +55.4% |
| Trade debts | 44 | €63,305 | €36,158 | -€27,148 | -42.9% |
| Suppliers | 440/4 | €63,305 | €36,158 | -€27,148 | -42.9% |
| Advances received on contracts in progress | 46 | - | €2,332 | +€2,332 | |
| Taxes, remuneration and social security | 45 | €1,022 | €1,042 | +€19 | +1.9% |
| Taxes | 450/3 | €1,022 | €1,042 | +€19 | +1.9% |
| Other amounts payable | 47/48 | €27,580 | €16,711 | -€10,869 | -39.4% |
| Accrued charges and deferred income | 492/3 | €30 | - | -€30 | |
| Remuneration, social security and pensions | 62 | €182 | €745 | +€563 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €4,712 | +€3,758 | +394% |
| Other operating charges | 640/8 | €434 | €587 | +€153 | +35.2% |
| Gross operating margin | 9900 | €20,646 | €8,908 | -€11,737 | -56.9% |
| Operating profit (loss) | 9901 | €19,076 | €2,864 | -€16,212 | -85.0% |
| Financial income | 75/76B | €0 | €77 | +€77 | +55,236% |
| Recurring financial income | 75 | €0 | €77 | +€77 | +55,236% |
| Financial charges | 65/66B | €1,788 | €1,303 | -€485 | -27.1% |
| Recurring financial charges | 65 | €1,788 | €1,303 | -€485 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €17,288 | €1,638 | -€15,650 | -90.5% |
| Profit (loss) for the period | 9904 | €17,288 | €1,638 | -€15,650 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,288 | €1,638 | -€15,650 | -90.5% |
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 31 October 2026 via checked.be.