GL-V TUINEN: what changed
GL-V TUINEN
Largest movements
- Cash -€83,405
down €83,405 (-39.7%), from €210,011 to €126,606
mainly Debts after one year (-€73,326) and Receivables within one year (-€57,084)
- Tangible fixed assets -€78,732
down €78,732 (-19.9%), from €395,626 to €316,894
of which Furniture and vehicles: -€41,744
- Receivables within one year +€57,084
up €57,084 (+84.0%), from €67,979 to €125,064
of which Trade receivables: +€71,269
- Stocks and contracts +€39,251
up €39,251 (+76.8%), from €51,084 to €90,335
of which Contracts in progress: +€39,126
- Current investments +€9,756
new in 2025: €9,756
- Debts after one year -€73,326
down €73,326 (-44.8%), from €163,501 to €90,176
- Trade debts +€35,065
up €35,065 (+74.4%), from €47,157 to €82,222
- Other debts -€20,208
down €20,208 (-89.7%), from €22,525 to €2,317
- Tax, wage and social debts +€12,464
up €12,464 (+107%), from €11,703 to €24,166
of which Taxes: +€12,499
- Current portion of long-term debt -€12,410
down €12,410 (-14.0%), from €88,751 to €76,341
- Staff costs +€37,588
up €37,588 (+31.5%), from €119,456 to €157,044
- Financial income -€11,702
down €11,702 (-77.2%), from €15,154 to €3,452
of which Non-recurring financial income: -€13,356
- Taxes -€9,427
down €9,427 (-61.6%), from €15,308 to €5,882
- Gross operating margin -€5,235
down €5,235 (-1.8%), from €296,695 to €291,461
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 | €727,868 | €669,454 | -€58,414 | -8.0% |
| Fixed assets | 21/28 | €395,626 | €316,894 | -€78,732 | -19.9% |
| Tangible fixed assets | 22/27 | €395,626 | €316,894 | -€78,732 | -19.9% |
| Land and buildings | 22 | €58,897 | €69,833 | +€10,936 | +18.6% |
| Plant, machinery and equipment | 23 | €86,977 | €70,985 | -€15,992 | -18.4% |
| Furniture and vehicles | 24 | €115,265 | €73,521 | -€41,744 | -36.2% |
| Leasing and similar rights | 25 | €134,487 | €102,554 | -€31,932 | -23.7% |
| Current assets | 29/58 | €332,242 | €352,560 | +€20,318 | +6.1% |
| Stocks and contracts in progress | 3 | €51,084 | €90,335 | +€39,251 | +76.8% |
| Stocks | 30/36 | - | €125 | +€125 | |
| Contracts in progress | 37 | €51,084 | €90,210 | +€39,126 | +76.6% |
| Amounts receivable within one year | 40/41 | €67,979 | €125,064 | +€57,084 | +84.0% |
| Trade receivables | 40 | €32,398 | €103,667 | +€71,269 | +220% |
| Other amounts receivable | 41 | €35,581 | €21,396 | -€14,185 | -39.9% |
| Current investments | 50/53 | - | €9,756 | +€9,756 | |
| Cash at bank and in hand | 54/58 | €210,011 | €126,606 | -€83,405 | -39.7% |
| Deferred charges and accrued income | 490/1 | €3,167 | €799 | -€2,367 | -74.8% |
| Total equity and liabilities | 10/49 | €727,868 | €669,454 | -€58,414 | -8.0% |
| Equity | 10/15 | €394,232 | €394,232 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €389,232 | €389,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | - | €500 | +€500 | |
| Distributable reserves | 133 | €388,732 | €388,732 | = | 0.0% |
| Amounts payable | 17/49 | €333,636 | €275,222 | -€58,414 | -17.5% |
| Amounts payable after more than one year | 17 | €163,501 | €90,176 | -€73,326 | -44.8% |
| Financial debts | 170/4 | €163,501 | €90,176 | -€73,326 | -44.8% |
| Amounts payable within one year | 42/48 | €170,135 | €185,046 | +€14,911 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €88,751 | €76,341 | -€12,410 | -14.0% |
| Trade debts | 44 | €47,157 | €82,222 | +€35,065 | +74.4% |
| Suppliers | 440/4 | €47,157 | €82,222 | +€35,065 | +74.4% |
| Taxes, remuneration and social security | 45 | €11,703 | €24,166 | +€12,464 | +107% |
| Taxes | 450/3 | €3,975 | €16,474 | +€12,499 | +314% |
| Remuneration and social security | 454/9 | €7,728 | €7,692 | -€36 | -0.5% |
| Other amounts payable | 47/48 | €22,525 | €2,317 | -€20,208 | -89.7% |
| Non-recurring operating income | 76A | €7,501 | - | -€7,501 | |
| Remuneration, social security and pensions | 62 | €119,456 | €157,044 | +€37,588 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,915 | €98,253 | +€338 | +0.3% |
| Other operating charges | 640/8 | €3,719 | €4,562 | +€843 | +22.7% |
| Gross operating margin | 9900 | €296,695 | €291,461 | -€5,235 | -1.8% |
| Operating profit (loss) | 9901 | €75,606 | €31,602 | -€44,004 | -58.2% |
| Financial income | 75/76B | €15,154 | €3,452 | -€11,702 | -77.2% |
| Recurring financial income | 75 | €1,798 | €3,452 | +€1,654 | +92.0% |
| Non-recurring financial income | 76B | €13,356 | - | -€13,356 | |
| Financial charges | 65/66B | €12,304 | €11,972 | -€332 | -2.7% |
| Recurring financial charges | 65 | €12,304 | €11,972 | -€332 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €78,456 | €23,083 | -€55,374 | -70.6% |
| Income taxes | 67/77 | €15,308 | €5,882 | -€9,427 | -61.6% |
| Profit (loss) for the period | 9904 | €63,148 | €17,201 | -€45,947 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,148 | €17,201 | -€45,947 | -72.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.