GL PC: 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 PC
Largest movements
- Cash -€207,775
down €207,775 (-48.5%), from €428,471 to €220,695
mainly Receivables within one year (-€120,807) and Receivables after one year (-€100,000)
- Receivables within one year +€120,807
up €120,807 (+894.9%), from €13,499 to €134,306
of which Trade receivables: +€105,807
- Stocks and contracts -€112,270
down €112,270 (-50.6%), from €222,095 to €109,825
- Receivables after one year +€100,000
new in 2025: €100,000
- Intangible fixed assets -€9,371
down €9,371 (-100.0%), from €9,371 to €0
- Profit (loss) carried forward -€51,709
down €51,709, from €17,078 to -€34,630
- Tax, wage and social debts -€45,941
down €45,941 (-55.7%), from €82,448 to €36,508
of which Taxes: -€26,557
- Other debts -€12,779
down €12,779 (-7.2%), from €177,224 to €164,445
- Gross operating margin -€264,584
down €264,584 (-65.7%), from €402,918 to €138,334
- Staff costs -€125,025
down €125,025 (-42.4%), from €294,791 to €169,766
- Taxes -€33,319
down €33,319 (-100.0%), from €33,319 to €0
- Financial income -€8,022
down €8,022 (-95.5%), from €8,395 to €374
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.
Cash bridge derived
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 | €704,872 | €592,593 | -€112,279 | -15.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €40,807 | €27,767 | -€13,040 | -32.0% |
| Intangible fixed assets | 21 | €9,371 | €0 | -€9,371 | -100.0% |
| Tangible fixed assets | 22/27 | €31,436 | €27,767 | -€3,669 | -11.7% |
| Plant, machinery and equipment | 23 | €3,126 | €1,676 | -€1,450 | -46.4% |
| Furniture and vehicles | 24 | €710 | €2,329 | +€1,618 | +227.8% |
| Other tangible fixed assets | 26 | €27,600 | €23,762 | -€3,838 | -13.9% |
| Current assets | 29/58 | €664,065 | €564,826 | -€99,239 | -14.9% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Trade receivables | 290 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €222,095 | €109,825 | -€112,270 | -50.6% |
| Stocks | 30/36 | €222,095 | €109,825 | -€112,270 | -50.6% |
| Amounts receivable within one year | 40/41 | €13,499 | €134,306 | +€120,807 | +894.9% |
| Trade receivables | 40 | €13,481 | €119,288 | +€105,807 | +784.8% |
| Other amounts receivable | 41 | €18 | €15,018 | +€15,000 | +84745.8% |
| Cash at bank and in hand | 54/58 | €428,471 | €220,695 | -€207,775 | -48.5% |
| Total equity and liabilities | 10/49 | €704,872 | €592,593 | -€112,279 | -15.9% |
| Equity | 10/15 | €379,560 | €327,851 | -€51,709 | -13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €343,881 | €343,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €342,021 | €342,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,078 | -€34,630 | -€51,709 | |
| Amounts payable | 17/49 | €325,313 | €264,742 | -€60,570 | -18.6% |
| Amounts payable within one year | 42/48 | €325,313 | €264,742 | -€60,570 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €6,250 | +€1,250 | +25.0% |
| Financial debts | 43 | - | €82 | +€82 | |
| Credit institutions | 430/8 | - | €82 | +€82 | |
| Trade debts | 44 | €60,640 | €57,458 | -€3,182 | -5.2% |
| Suppliers | 440/4 | €60,640 | €57,458 | -€3,182 | -5.2% |
| Taxes, remuneration and social security | 45 | €82,448 | €36,508 | -€45,941 | -55.7% |
| Taxes | 450/3 | €31,871 | €5,314 | -€26,557 | -83.3% |
| Remuneration and social security | 454/9 | €50,577 | €31,194 | -€19,384 | -38.3% |
| Other amounts payable | 47/48 | €177,224 | €164,445 | -€12,779 | -7.2% |
| Remuneration, social security and pensions | 62 | €294,791 | €169,766 | -€125,025 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,021 | €15,403 | +€1,382 | +9.9% |
| Other operating charges | 640/8 | €1,674 | €2,275 | +€601 | +35.9% |
| Gross operating margin | 9900 | €402,918 | €138,334 | -€264,584 | -65.7% |
| Operating profit (loss) | 9901 | €92,431 | -€49,110 | -€141,542 | |
| Financial income | 75/76B | €8,395 | €374 | -€8,022 | -95.5% |
| Recurring financial income | 75 | €8,395 | €374 | -€8,022 | -95.5% |
| Financial charges | 65/66B | €2,344 | €2,972 | +€628 | +26.8% |
| Recurring financial charges | 65 | €2,344 | €2,972 | +€628 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €98,482 | -€51,709 | -€150,191 | |
| Income taxes | 67/77 | €33,319 | €0 | -€33,319 | -100.0% |
| Profit (loss) for the period | 9904 | €65,163 | -€51,709 | -€116,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,163 | -€51,709 | -€116,872 |
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 12 October 2026 via checked.be.