GL PRO: 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 PRO
Largest movements
- Cash -€52,757
down €52,757 (-93.4%), from €56,511 to €3,754
mainly Accrued charges and deferred income (-€79,292) and Net result for the year (-€45,592)
- Tangible fixed assets -€22,702
down €22,702 (-9.9%), from €229,566 to €206,864
- Stocks and contracts +€15,000
up €15,000 (+15.8%), from €95,047 to €110,047
of which Stocks: +€15,000
- Receivables within one year -€6,761
down €6,761 (-2.5%), from €266,663 to €259,902
of which Other amounts receivable: -€11,700
- Current portion of long-term debt +€82,987
up €82,987 (+132.4%), from €62,678 to €145,665
- Accrued charges and deferred income -€79,292
no longer reported in 2025 (was €79,292)
- Profit (loss) carried forward -€45,592
down €45,592, from €17,753 to -€27,839
- Reserves -€36,259
down €36,259 (-21.4%), from €169,223 to €132,964
of which Distributable reserves: -€36,259
- Debts after one year +€14,364
up €14,364 (+7.8%), from €184,725 to €199,089
- Gross operating margin -€187,207
down €187,207 (-70.2%), from €266,727 to €79,520
- Staff costs -€120,023
down €120,023 (-59.3%), from €202,540 to €82,517
- Taxes -€9,258
down €9,258 (-97.3%), from €9,512 to €254
- Financial income -€7,377
down €7,377 (-70.7%), from €10,432 to €3,055
- Financial charges +€3,326
up €3,326 (+36.2%), from €9,183 to €12,509
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 | €652,246 | €581,370 | -€70,875 | -10.9% |
| Fixed assets | 21/28 | €229,566 | €206,864 | -€22,702 | -9.9% |
| Tangible fixed assets | 22/27 | €229,566 | €206,864 | -€22,702 | -9.9% |
| Land and buildings | 22 | €186,563 | €178,598 | -€7,965 | -4.3% |
| Plant, machinery and equipment | 23 | €28,193 | €20,373 | -€7,820 | -27.7% |
| Furniture and vehicles | 24 | €14,810 | €7,893 | -€6,917 | -46.7% |
| Current assets | 29/58 | €422,680 | €374,506 | -€48,174 | -11.4% |
| Stocks and contracts in progress | 3 | €95,047 | €110,047 | +€15,000 | +15.8% |
| Stocks | 30/36 | €90,047 | €105,047 | +€15,000 | +16.7% |
| Contracts in progress | 37 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €266,663 | €259,902 | -€6,761 | -2.5% |
| Trade receivables | 40 | €234,862 | €239,801 | +€4,939 | +2.1% |
| Other amounts receivable | 41 | €31,801 | €20,101 | -€11,700 | -36.8% |
| Cash at bank and in hand | 54/58 | €56,511 | €3,754 | -€52,757 | -93.4% |
| Deferred charges and accrued income | 490/1 | €4,458 | €803 | -€3,655 | -82.0% |
| Total equity and liabilities | 10/49 | €652,246 | €581,370 | -€70,875 | -10.9% |
| Equity | 10/15 | €205,576 | €123,724 | -€81,852 | -39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,223 | €132,964 | -€36,259 | -21.4% |
| 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 | €167,363 | €131,104 | -€36,259 | -21.7% |
| Profit (loss) carried forward | 14 | €17,753 | -€27,839 | -€45,592 | |
| Amounts payable | 17/49 | €446,669 | €457,646 | +€10,977 | +2.5% |
| Amounts payable after more than one year | 17 | €184,725 | €199,089 | +€14,364 | +7.8% |
| Financial debts | 170/4 | €184,725 | €199,089 | +€14,364 | +7.8% |
| Amounts payable within one year | 42/48 | €182,652 | €258,557 | +€75,905 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €62,678 | €145,665 | +€82,987 | +132.4% |
| Trade debts | 44 | €88,313 | €90,980 | +€2,667 | +3.0% |
| Suppliers | 440/4 | €88,313 | €90,980 | +€2,667 | +3.0% |
| Taxes, remuneration and social security | 45 | €12,287 | €12,224 | -€62 | -0.5% |
| Taxes | 450/3 | €11,279 | €11,464 | +€185 | +1.6% |
| Remuneration and social security | 454/9 | €1,007 | €760 | -€247 | -24.5% |
| Other amounts payable | 47/48 | €19,374 | €9,688 | -€9,687 | -50.0% |
| Accrued charges and deferred income | 492/3 | €79,292 | - | -€79,292 | |
| Remuneration, social security and pensions | 62 | €202,540 | €82,517 | -€120,023 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,953 | €31,202 | -€2,752 | -8.1% |
| Other operating charges | 640/8 | €2,152 | €1,686 | -€466 | -21.7% |
| Gross operating margin | 9900 | €266,727 | €79,520 | -€187,207 | -70.2% |
| Operating profit (loss) | 9901 | €28,082 | -€35,884 | -€63,966 | |
| Financial income | 75/76B | €10,432 | €3,055 | -€7,377 | -70.7% |
| Recurring financial income | 75 | €10,432 | €3,055 | -€7,377 | -70.7% |
| Financial charges | 65/66B | €9,183 | €12,509 | +€3,326 | +36.2% |
| Recurring financial charges | 65 | €9,183 | €12,509 | +€3,326 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €29,331 | -€45,339 | -€74,669 | |
| Income taxes | 67/77 | €9,512 | €254 | -€9,258 | -97.3% |
| Profit (loss) for the period | 9904 | €19,819 | -€45,592 | -€65,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,819 | -€45,592 | -€65,411 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.