GL&P: what changed
Two fiscal 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&P
Largest movements
- Receivables within one year +€45,043
up €45,043 (+38.8%), from €116,136 to €161,179
of which Other amounts receivable: +€152,585
- Cash +€39,921
up €39,921 (+404.6%), from €9,868 to €49,789
mainly Net result for the year (+€76,606) and Other debts (+€50,000)
- Other debts +€50,000
new in 2024: €50,000
- Current portion of long-term debt +€40,000
new in 2024: €40,000
- Tax, wage and social debts -€28,718
down €28,718 (-53.4%), from €53,821 to €25,103
- Profit (loss) carried forward +€26,606
up €26,606 (+64.6%), from €41,216 to €67,822
- Short-term financial debts -€2,652
down €2,652 (-9.2%), from €28,794 to €26,143
- Gross operating margin +€46,030
up €46,030 (+71.6%), from €64,322 to €110,352
- Taxes -€10,455
down €10,455 (-34.7%), from €30,092 to €19,637
- Other operating charges +€4,128
up €4,128 (+61.7%), from €6,694 to €10,821
- Financial income +€3,417
up €3,417 (+86.8%), from €3,937 to €7,354
- Financial charges +€2,926
up €2,926 (+48.6%), from €6,014 to €8,940
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,246 | €245,021 | +€83,774 | +52.0% |
| Fixed assets | 21/28 | €35,242 | €33,540 | -€1,702 | -4.8% |
| Tangible fixed assets | 22/27 | €30,242 | €28,540 | -€1,702 | -5.6% |
| Plant, machinery and equipment | 23 | €4,301 | €3,125 | -€1,176 | -27.3% |
| Furniture and vehicles | 24 | €25,941 | €25,415 | -€526 | -2.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €126,004 | €211,481 | +€85,476 | +67.8% |
| Amounts receivable within one year | 40/41 | €116,136 | €161,179 | +€45,043 | +38.8% |
| Trade receivables | 40 | €116,136 | €8,594 | -€107,542 | -92.6% |
| Other amounts receivable | 41 | - | €152,585 | +€152,585 | |
| Cash at bank and in hand | 54/58 | €9,868 | €49,789 | +€39,921 | +404.6% |
| Deferred charges and accrued income | 490/1 | - | €512 | +€512 | |
| Total equity and liabilities | 10/49 | €161,246 | €245,021 | +€83,774 | +52.0% |
| Equity | 10/15 | €42,216 | €68,822 | +€26,606 | +63.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,216 | €67,822 | +€26,606 | +64.6% |
| Amounts payable | 17/49 | €119,030 | €176,199 | +€57,169 | +48.0% |
| Amounts payable within one year | 42/48 | €117,204 | €174,372 | +€57,169 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Financial debts | 43 | €28,794 | €26,143 | -€2,652 | -9.2% |
| Credit institutions | 430/8 | €28,794 | €26,143 | -€2,652 | -9.2% |
| Trade debts | 44 | €34,588 | €33,127 | -€1,462 | -4.2% |
| Suppliers | 440/4 | €34,588 | €33,127 | -€1,462 | -4.2% |
| Taxes, remuneration and social security | 45 | €53,821 | €25,103 | -€28,718 | -53.4% |
| Taxes | 450/3 | €53,821 | €25,103 | -€28,718 | -53.4% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €1,827 | €1,827 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €1,702 | +€603 | +54.8% |
| Other operating charges | 640/8 | €6,694 | €10,821 | +€4,128 | +61.7% |
| Gross operating margin | 9900 | €64,322 | €110,352 | +€46,030 | +71.6% |
| Operating profit (loss) | 9901 | €56,529 | €97,828 | +€41,300 | +73.1% |
| Financial income | 75/76B | €3,937 | €7,354 | +€3,417 | +86.8% |
| Recurring financial income | 75 | €3,937 | €7,354 | +€3,417 | +86.8% |
| Financial charges | 65/66B | €6,014 | €8,940 | +€2,926 | +48.6% |
| Recurring financial charges | 65 | €6,014 | €8,940 | +€2,926 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €54,452 | €96,242 | +€41,791 | +76.7% |
| Income taxes | 67/77 | €30,092 | €19,637 | -€10,455 | -34.7% |
| Profit (loss) for the period | 9904 | €24,360 | €76,606 | +€52,246 | +214.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,360 | €76,606 | +€52,246 | +214.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.