GLA-DW: 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.
GLA-DW
Largest movements
- Receivables within one year -€5,678
down €5,678 (-3.5%), from €164,140 to €158,461
- Tangible fixed assets -€3,328
down €3,328 (-46.5%), from €7,156 to €3,828
- Deferred charges and accrued income +€2,820
up €2,820 (+907.6%), from €311 to €3,131
- Trade debts -€19,126
down €19,126 (-60.9%), from €31,411 to €12,285
- Reserves +€6,285
up €6,285 (+12.2%), from €51,590 to €57,875
- Other debts +€5,277
up €5,277 (+7.2%), from €73,346 to €78,624
- Gross operating margin -€19,058
down €19,058 (-46.4%), from €41,066 to €22,008
- Taxes -€3,431
down €3,431 (-49.3%), from €6,967 to €3,536
- Financial charges +€588
up €588 (+8.5%), from €6,960 to €7,548
- Other operating charges -€454
down €454 (-25.7%), from €1,765 to €1,311
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 | €171,805 | €165,876 | -€5,929 | -3.5% |
| Fixed assets | 21/28 | €7,156 | €3,828 | -€3,328 | -46.5% |
| Tangible fixed assets | 22/27 | €7,156 | €3,828 | -€3,328 | -46.5% |
| Furniture and vehicles | 24 | €7,156 | €3,828 | -€3,328 | -46.5% |
| Current assets | 29/58 | €164,649 | €162,049 | -€2,600 | -1.6% |
| Amounts receivable within one year | 40/41 | €164,140 | €158,461 | -€5,678 | -3.5% |
| Trade receivables | 40 | €164,140 | €158,461 | -€5,678 | -3.5% |
| Cash at bank and in hand | 54/58 | €198 | €456 | +€258 | +130.0% |
| Deferred charges and accrued income | 490/1 | €311 | €3,131 | +€2,820 | +907.6% |
| Total equity and liabilities | 10/49 | €171,805 | €165,876 | -€5,929 | -3.5% |
| Equity | 10/15 | €53,590 | €59,875 | +€6,285 | +11.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,590 | €57,875 | +€6,285 | +12.2% |
| Distributable reserves | 133 | €51,590 | €57,875 | +€6,285 | +12.2% |
| Amounts payable | 17/49 | €118,215 | €106,002 | -€12,214 | -10.3% |
| Amounts payable within one year | 42/48 | €118,215 | €106,002 | -€12,214 | -10.3% |
| Trade debts | 44 | €31,411 | €12,285 | -€19,126 | -60.9% |
| Suppliers | 440/4 | €31,411 | €12,285 | -€19,126 | -60.9% |
| Taxes, remuneration and social security | 45 | €13,458 | €15,093 | +€1,635 | +12.1% |
| Taxes | 450/3 | €13,458 | €15,093 | +€1,635 | +12.1% |
| Other amounts payable | 47/48 | €73,346 | €78,624 | +€5,277 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,328 | €3,328 | = | 0.0% |
| Other operating charges | 640/8 | €1,765 | €1,311 | -€454 | -25.7% |
| Gross operating margin | 9900 | €41,066 | €22,008 | -€19,058 | -46.4% |
| Operating profit (loss) | 9901 | €35,973 | €17,369 | -€18,604 | -51.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €6,960 | €7,548 | +€588 | +8.5% |
| Recurring financial charges | 65 | €6,960 | €7,548 | +€588 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €29,013 | €9,821 | -€19,193 | -66.2% |
| Income taxes | 67/77 | €6,967 | €3,536 | -€3,431 | -49.3% |
| Profit (loss) for the period | 9904 | €22,047 | €6,285 | -€15,761 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,047 | €6,285 | -€15,761 | -71.5% |
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 4 October 2026 via checked.be.