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
- Deferred charges and accrued income -€2,991
down €2,991 (-11.1%), from €26,976 to €23,985
- Receivables within one year -€2,850
down €2,850 (-5.1%), from €55,981 to €53,132
of which Trade receivables: -€10,647
- Stocks and contracts -€1,426
down €1,426 (-6.7%), from €21,426 to €20,000
- Trade debts -€24,228
down €24,228 (-62.4%), from €38,815 to €14,587
- Reserves +€10,853
up €10,853 (+20.3%), from €53,410 to €64,263
- Short-term financial debts +€5,926
up €5,926 (+150%), from €3,938 to €9,864
- Gross operating margin -€940
down €940 (-5.9%), from €15,908 to €14,969
- Depreciation -€525
down €525 (-77.8%), from €675 to €150
- Financial income +€496
up €496 (+88.1%), from €564 to €1,060
- Financial charges -€232
down €232 (-19.8%), from €1,173 to €941
- Taxes -€215
down €215 (-6.3%), from €3,423 to €3,207
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 | €104,679 | €97,263 | -€7,417 | -7.1% |
| Fixed assets | 21/28 | €150 | €0 | -€150 | -99.7% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -31.3% |
| Tangible fixed assets | 22/27 | €150 | - | -€150 | |
| Plant, machinery and equipment | 23 | €6 | - | -€6 | |
| Furniture and vehicles | 24 | €144 | - | -€144 | |
| Current assets | 29/58 | €104,529 | €97,262 | -€7,267 | -7.0% |
| Stocks and contracts in progress | 3 | €21,426 | €20,000 | -€1,426 | -6.7% |
| Stocks | 30/36 | €21,426 | €20,000 | -€1,426 | -6.7% |
| Amounts receivable within one year | 40/41 | €55,981 | €53,132 | -€2,850 | -5.1% |
| Trade receivables | 40 | €35,323 | €24,676 | -€10,647 | -30.1% |
| Other amounts receivable | 41 | €20,658 | €28,455 | +€7,797 | +37.7% |
| Cash at bank and in hand | 54/58 | €146 | €146 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €26,976 | €23,985 | -€2,991 | -11.1% |
| Total equity and liabilities | 10/49 | €104,679 | €97,263 | -€7,417 | -7.1% |
| Equity | 10/15 | €58,410 | €69,263 | +€10,853 | +18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,410 | €64,263 | +€10,853 | +20.3% |
| Distributable reserves | 133 | €53,410 | €64,263 | +€10,853 | +20.3% |
| Amounts payable | 17/49 | €46,270 | €28,000 | -€18,270 | -39.5% |
| Amounts payable within one year | 42/48 | €46,270 | €28,000 | -€18,270 | -39.5% |
| Financial debts | 43 | €3,938 | €9,864 | +€5,926 | +150% |
| Credit institutions | 430/8 | €3,938 | €9,864 | +€5,926 | +150% |
| Trade debts | 44 | €38,815 | €14,587 | -€24,228 | -62.4% |
| Suppliers | 440/4 | €38,815 | €14,587 | -€24,228 | -62.4% |
| Taxes, remuneration and social security | 45 | €3,516 | €3,548 | +€32 | +0.9% |
| Taxes | 450/3 | €3,516 | €3,548 | +€32 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €150 | -€525 | -77.8% |
| Other operating charges | 640/8 | €917 | €877 | -€40 | -4.3% |
| Gross operating margin | 9900 | €15,908 | €14,969 | -€940 | -5.9% |
| Operating profit (loss) | 9901 | €14,316 | €13,941 | -€375 | -2.6% |
| Financial income | 75/76B | €564 | €1,060 | +€496 | +88.1% |
| Recurring financial income | 75 | €564 | €1,060 | +€496 | +88.1% |
| Financial charges | 65/66B | €1,173 | €941 | -€232 | -19.8% |
| Recurring financial charges | 65 | €1,173 | €941 | -€232 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €13,707 | €14,060 | +€354 | +2.6% |
| Income taxes | 67/77 | €3,423 | €3,207 | -€215 | -6.3% |
| Profit (loss) for the period | 9904 | €10,284 | €10,853 | +€569 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,284 | €10,853 | +€569 | +5.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.