GL home: 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 home
Largest movements
- Stocks and contracts -€66,447
no longer reported in 2025 (was €66,447)
- Receivables within one year +€49,824
up €49,824 (+986%), from €5,053 to €54,877
of which Other amounts receivable: +€37,967
- Cash +€17,576
up €17,576 (+37.4%), from €47,021 to €64,597
mainly Stocks and contracts (+€66,447) and Trade debts (+€11,629)
- Tangible fixed assets -€10,458
down €10,458 (-25.1%), from €41,624 to €31,166
- Tax, wage and social debts -€13,241
down €13,241 (-33.9%), from €39,059 to €25,818
- Trade debts +€11,629
up €11,629 (+23.3%), from €49,901 to €61,530
- Debts after one year -€7,246
down €7,246 (-30.3%), from €23,889 to €16,643
- Other debts -€5,091
down €5,091 (-83.6%), from €6,091 to €1,000
- Profit (loss) carried forward +€4,159
up €4,159 (+13.2%), from €31,469 to €35,628
- Gross operating margin -€35,278
down €35,278 (-66.1%), from €53,387 to €18,109
- Taxes -€6,074
down €6,074 (-72.6%), from €8,365 to €2,291
- Depreciation +€1,895
up €1,895 (+22.1%), from €8,563 to €10,458
- Financial income +€1,533
up €1,533 (+734%), from €209 to €1,742
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 | €160,393 | €150,864 | -€9,529 | -5.9% |
| Fixed assets | 21/28 | €41,624 | €31,166 | -€10,458 | -25.1% |
| Tangible fixed assets | 22/27 | €41,624 | €31,166 | -€10,458 | -25.1% |
| Furniture and vehicles | 24 | €41,624 | €31,166 | -€10,458 | -25.1% |
| Current assets | 29/58 | €118,769 | €119,698 | +€929 | +0.8% |
| Stocks and contracts in progress | 3 | €66,447 | - | -€66,447 | |
| Stocks | 30/36 | €66,447 | - | -€66,447 | |
| Amounts receivable within one year | 40/41 | €5,053 | €54,877 | +€49,824 | +986% |
| Trade receivables | 40 | €96 | €11,953 | +€11,857 | +12,351% |
| Other amounts receivable | 41 | €4,957 | €42,924 | +€37,967 | +766% |
| Cash at bank and in hand | 54/58 | €47,021 | €64,597 | +€17,576 | +37.4% |
| Deferred charges and accrued income | 490/1 | €248 | €223 | -€25 | -9.9% |
| Total equity and liabilities | 10/49 | €160,393 | €150,864 | -€9,529 | -5.9% |
| Equity | 10/15 | €34,469 | €38,628 | +€4,159 | +12.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,469 | €35,628 | +€4,159 | +13.2% |
| Amounts payable | 17/49 | €125,924 | €112,236 | -€13,688 | -10.9% |
| Amounts payable after more than one year | 17 | €23,889 | €16,643 | -€7,246 | -30.3% |
| Financial debts | 170/4 | €23,889 | €16,643 | -€7,246 | -30.3% |
| Amounts payable within one year | 42/48 | €102,035 | €95,593 | -€6,442 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €6,984 | €7,246 | +€261 | +3.7% |
| Trade debts | 44 | €49,901 | €61,530 | +€11,629 | +23.3% |
| Suppliers | 440/4 | €49,901 | €61,530 | +€11,629 | +23.3% |
| Taxes, remuneration and social security | 45 | €39,059 | €25,818 | -€13,241 | -33.9% |
| Taxes | 450/3 | €39,059 | €25,818 | -€13,241 | -33.9% |
| Other amounts payable | 47/48 | €6,091 | €1,000 | -€5,091 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,563 | €10,458 | +€1,895 | +22.1% |
| Other operating charges | 640/8 | €863 | €850 | -€13 | -1.5% |
| Gross operating margin | 9900 | €53,387 | €18,109 | -€35,278 | -66.1% |
| Operating profit (loss) | 9901 | €43,961 | €6,801 | -€37,160 | -84.5% |
| Financial income | 75/76B | €209 | €1,742 | +€1,533 | +734% |
| Recurring financial income | 75 | €209 | €1,742 | +€1,533 | +734% |
| Financial charges | 65/66B | €1,336 | €1,093 | -€243 | -18.2% |
| Recurring financial charges | 65 | €1,336 | €1,093 | -€243 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €42,834 | €7,450 | -€35,384 | -82.6% |
| Income taxes | 67/77 | €8,365 | €2,291 | -€6,074 | -72.6% |
| Profit (loss) for the period | 9904 | €34,469 | €5,159 | -€29,310 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,469 | €5,159 | -€29,310 | -85.0% |
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 19 October 2026 via checked.be.