GL Inc: 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 Inc
Largest movements
- Cash +€73,832
up €73,832 (+97.6%), from €75,644 to €149,475
mainly Net result for the year (+€43,023) and Receivables within one year (+€23,739)
- Receivables within one year -€23,739
down €23,739 (-97.8%), from €24,278 to €540
of which Trade receivables: -€23,777
- Reserves +€43,023
up €43,023 (+49.7%), from €86,492 to €129,515
- Tax, wage and social debts +€3,912
up €3,912 (+29.8%), from €13,121 to €17,033
- Trade debts +€1,941
up €1,941 (+353%), from €549 to €2,490
- Gross operating margin +€21,523
up €21,523 (+59.7%), from €36,077 to €57,600
- Taxes +€4,480
up €4,480 (+60.2%), from €7,447 to €11,927
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 | €101,163 | €151,246 | +€50,084 | +49.5% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €100,763 | €150,846 | +€50,084 | +49.7% |
| Amounts receivable within one year | 40/41 | €24,278 | €540 | -€23,739 | -97.8% |
| Trade receivables | 40 | €23,777 | - | -€23,777 | |
| Other amounts receivable | 41 | €502 | €540 | +€38 | +7.5% |
| Cash at bank and in hand | 54/58 | €75,644 | €149,475 | +€73,832 | +97.6% |
| Deferred charges and accrued income | 490/1 | €840 | €831 | -€9 | -1.1% |
| Total equity and liabilities | 10/49 | €101,163 | €151,246 | +€50,084 | +49.5% |
| Equity | 10/15 | €87,492 | €130,515 | +€43,023 | +49.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,492 | €129,515 | +€43,023 | +49.7% |
| Distributable reserves | 133 | €86,492 | €129,515 | +€43,023 | +49.7% |
| Amounts payable | 17/49 | €13,670 | €20,731 | +€7,061 | +51.7% |
| Amounts payable within one year | 42/48 | €13,670 | €20,731 | +€7,061 | +51.7% |
| Trade debts | 44 | €549 | €2,490 | +€1,941 | +353% |
| Suppliers | 440/4 | €549 | €2,490 | +€1,941 | +353% |
| Advances received on contracts in progress | 46 | - | €1,208 | +€1,208 | |
| Taxes, remuneration and social security | 45 | €13,121 | €17,033 | +€3,912 | +29.8% |
| Taxes | 450/3 | €13,121 | €17,033 | +€3,912 | +29.8% |
| Other operating charges | 640/8 | €855 | €1,035 | +€181 | +21.1% |
| Gross operating margin | 9900 | €36,077 | €57,600 | +€21,523 | +59.7% |
| Operating profit (loss) | 9901 | €35,223 | €56,565 | +€21,343 | +60.6% |
| Financial income | 75/76B | €30 | €28 | -€2 | -5.0% |
| Recurring financial income | 75 | €30 | €28 | -€2 | -5.0% |
| Financial charges | 65/66B | €1,371 | €1,643 | +€273 | +19.9% |
| Recurring financial charges | 65 | €1,371 | €1,643 | +€273 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €33,882 | €54,950 | +€21,069 | +62.2% |
| Income taxes | 67/77 | €7,447 | €11,927 | +€4,480 | +60.2% |
| Profit (loss) for the period | 9904 | €26,435 | €43,023 | +€16,588 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,435 | €43,023 | +€16,588 | +62.8% |
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 26 October 2026 via checked.be.