GL TRAVAUX: 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 TRAVAUX
Largest movements
- Cash +€16,212
new in 2025: €16,212
mainly Depreciation (+€94,759) and Contributions, distributions and other (+€51,727)
- Receivables within one year +€14,283
up €14,283 (+15.3%), from €93,592 to €107,875
of which Trade receivables: +€14,953
- Tangible fixed assets +€6,994
up €6,994 (+3.2%), from €221,381 to €228,375
of which Land and buildings: +€121,069
- Stocks and contracts +€5,000
new in 2025: €5,000
- Contributions +€51,500
up €51,500 (+515%), from €10,000 to €61,500
- Trade debts -€23,790
down €23,790 (-45.4%), from €52,345 to €28,555
- Current portion of long-term debt +€11,455
up €11,455 (+17.1%), from €66,805 to €78,260
- Short-term financial debts -€4,334
no longer reported in 2025 (was €4,334)
- Tax, wage and social debts +€3,672
up €3,672 (+52.4%), from €7,007 to €10,678
of which Taxes: +€4,061
- Financial income +€6,526
up €6,526 (+338%), from €1,929 to €8,454
of which Non-recurring financial income: +€5,025
- Depreciation -€6,120
down €6,120 (-6.1%), from €100,879 to €94,759
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 | €319,122 | €361,714 | +€42,592 | +13.3% |
| Fixed assets | 21/28 | €221,614 | €229,674 | +€8,060 | +3.6% |
| Tangible fixed assets | 22/27 | €221,381 | €228,375 | +€6,994 | +3.2% |
| Land and buildings | 22 | €5,347 | €126,416 | +€121,069 | +2,264% |
| Plant, machinery and equipment | 23 | €9,294 | €12,986 | +€3,692 | +39.7% |
| Furniture and vehicles | 24 | €166,467 | €77,760 | -€88,706 | -53.3% |
| Leasing and similar rights | 25 | €40,273 | €11,213 | -€29,060 | -72.2% |
| Financial fixed assets | 28 | €233 | €1,299 | +€1,066 | +457% |
| Current assets | 29/58 | €97,507 | €132,039 | +€34,532 | +35.4% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €93,592 | €107,875 | +€14,283 | +15.3% |
| Trade receivables | 40 | €92,375 | €107,328 | +€14,953 | +16.2% |
| Other amounts receivable | 41 | €1,217 | €547 | -€670 | -55.0% |
| Cash at bank and in hand | 54/58 | - | €16,212 | +€16,212 | |
| Deferred charges and accrued income | 490/1 | €3,915 | €2,952 | -€963 | -24.6% |
| Total equity and liabilities | 10/49 | €319,122 | €361,714 | +€42,592 | +13.3% |
| Equity | 10/15 | -€26,332 | €28,757 | +€55,089 | |
| Contributions | 10/11 | €10,000 | €61,500 | +€51,500 | +515% |
| Reserves | 13 | €3,018 | €3,018 | = | 0.0% |
| Distributable reserves | 133 | €3,018 | €3,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,089 | -€39,727 | +€3,362 | +7.8% |
| Investment grants | 15 | €3,738 | €3,965 | +€227 | +6.1% |
| Amounts payable | 17/49 | €345,454 | €332,957 | -€12,497 | -3.6% |
| Amounts payable after more than one year | 17 | €172,141 | €171,395 | -€746 | -0.4% |
| Financial debts | 170/4 | €172,141 | €171,395 | -€746 | -0.4% |
| Amounts payable within one year | 42/48 | €173,313 | €161,561 | -€11,752 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €66,805 | €78,260 | +€11,455 | +17.1% |
| Financial debts | 43 | €4,334 | - | -€4,334 | |
| Credit institutions | 430/8 | €4,334 | - | -€4,334 | |
| Trade debts | 44 | €52,345 | €28,555 | -€23,790 | -45.4% |
| Suppliers | 440/4 | €52,345 | €28,555 | -€23,790 | -45.4% |
| Taxes, remuneration and social security | 45 | €7,007 | €10,678 | +€3,672 | +52.4% |
| Taxes | 450/3 | €3,275 | €7,336 | +€4,061 | +124% |
| Remuneration and social security | 454/9 | €3,731 | €3,342 | -€389 | -10.4% |
| Other amounts payable | 47/48 | €42,822 | €44,068 | +€1,246 | +2.9% |
| Remuneration, social security and pensions | 62 | €43,972 | €45,556 | +€1,584 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,879 | €94,759 | -€6,120 | -6.1% |
| Other operating charges | 640/8 | €1,268 | €1,137 | -€131 | -10.4% |
| Non-recurring operating charges | 66A | €245 | €13,515 | +€13,270 | +5,415% |
| Gross operating margin | 9900 | €160,240 | €160,177 | -€63 | 0.0% |
| Operating profit (loss) | 9901 | €13,876 | €5,210 | -€8,666 | -62.5% |
| Financial income | 75/76B | €1,929 | €8,454 | +€6,526 | +338% |
| Recurring financial income | 75 | €1,929 | €3,429 | +€1,500 | +77.8% |
| Non-recurring financial income | 76B | - | €5,025 | +€5,025 | |
| Financial charges | 65/66B | €11,513 | €10,302 | -€1,211 | -10.5% |
| Recurring financial charges | 65 | €11,513 | €10,302 | -€1,211 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €4,292 | €3,362 | -€929 | -21.7% |
| Profit (loss) for the period | 9904 | €4,292 | €3,362 | -€929 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,292 | €3,362 | -€929 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.