GL inc ltd: what changed
GL inc ltd
Largest movements
- Receivables within one year +€126,397
up €126,397 (+452%), from €27,951 to €154,348
of which Other amounts receivable: +€135,328
- Cash -€5,343
down €5,343 (-25.5%), from €20,923 to €15,580
mainly Receivables within one year (-€126,397) and Investment in fixed assets (net) (-€3,918)
- Deferred charges and accrued income -€1,956
down €1,956 (-85.3%), from €2,292 to €337
- Reserves +€71,785
up €71,785 (+153%), from €46,974 to €118,759
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Tax, wage and social debts +€15,500
up €15,500 (+160%), from €9,696 to €25,197
- Trade debts +€2,230
up €2,230 (+1,522%), from €147 to €2,377
- Gross operating margin +€27,291
up €27,291 (+44.8%), from €60,898 to €88,189
- Taxes +€6,341
up €6,341 (+52.5%), from €12,074 to €18,415
- Financial income +€5,272
new in 2025: €5,272
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,817 | €178,287 | +€120,470 | +208% |
| Fixed assets | 21/28 | €6,650 | €8,022 | +€1,371 | +20.6% |
| Tangible fixed assets | 22/27 | €6,650 | €8,022 | +€1,371 | +20.6% |
| Plant, machinery and equipment | 23 | - | €1,673 | +€1,673 | |
| Furniture and vehicles | 24 | €4,536 | €6,348 | +€1,812 | +40.0% |
| Leasing and similar rights | 25 | €2,114 | - | -€2,114 | |
| Current assets | 29/58 | €51,167 | €170,266 | +€119,099 | +233% |
| Amounts receivable within one year | 40/41 | €27,951 | €154,348 | +€126,397 | +452% |
| Trade receivables | 40 | €17,157 | €8,226 | -€8,931 | -52.1% |
| Other amounts receivable | 41 | €10,795 | €146,123 | +€135,328 | +1,254% |
| Cash at bank and in hand | 54/58 | €20,923 | €15,580 | -€5,343 | -25.5% |
| Deferred charges and accrued income | 490/1 | €2,292 | €337 | -€1,956 | -85.3% |
| Total equity and liabilities | 10/49 | €57,817 | €178,287 | +€120,470 | +208% |
| Equity | 10/15 | €47,974 | €119,759 | +€71,785 | +150% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,974 | €118,759 | +€71,785 | +153% |
| Distributable reserves | 133 | €46,974 | €118,759 | +€71,785 | +153% |
| Amounts payable | 17/49 | €9,843 | €58,528 | +€48,685 | +495% |
| Amounts payable within one year | 42/48 | €9,843 | €57,574 | +€47,731 | +485% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €147 | €2,377 | +€2,230 | +1,522% |
| Suppliers | 440/4 | €147 | €2,377 | +€2,230 | +1,522% |
| Taxes, remuneration and social security | 45 | €9,696 | €25,197 | +€15,500 | +160% |
| Taxes | 450/3 | €9,696 | €25,197 | +€15,500 | +160% |
| Accrued charges and deferred income | 492/3 | - | €955 | +€955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,807 | €2,547 | +€740 | +40.9% |
| Gross operating margin | 9900 | €60,898 | €88,189 | +€27,291 | +44.8% |
| Operating profit (loss) | 9901 | €59,091 | €85,642 | +€26,551 | +44.9% |
| Financial income | 75/76B | - | €5,272 | +€5,272 | |
| Recurring financial income | 75 | - | €5,272 | +€5,272 | |
| Financial charges | 65/66B | €43 | €714 | +€671 | +1,548% |
| Recurring financial charges | 65 | €43 | €714 | +€671 | +1,548% |
| Profit (loss) for the period before taxes | 9903 | €59,048 | €90,200 | +€31,152 | +52.8% |
| Income taxes | 67/77 | €12,074 | €18,415 | +€6,341 | +52.5% |
| Profit (loss) for the period | 9904 | €46,974 | €71,785 | +€24,811 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,974 | €71,785 | +€24,811 | +52.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.