GLA Management: 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 Management
Largest movements
- Receivables within one year +€40,560
up €40,560 (+226.0%), from €17,944 to €58,504
of which Other amounts receivable: +€36,091
- Cash -€25,103
down €25,103 (-90.0%), from €27,899 to €2,797
mainly Contributions, distributions and other (-€43,080) and Receivables within one year (-€40,560)
- Other debts +€36,345
up €36,345 (+539.6%), from €6,735 to €43,080
- Profit (loss) carried forward -€19,792
down €19,792 (-74.5%), from €26,580 to €6,788
- Advances received -€4,266
no longer reported in 2025 (was €4,266)
- Tax, wage and social debts +€3,011
up €3,011 (+27.8%), from €10,841 to €13,853
of which Taxes: +€8,091
- Gross operating margin +€9,436
up €9,436 (+46.2%), from €20,431 to €29,867
- Taxes +€4,331
up €4,331 (+108.7%), from €3,983 to €8,314
- Financial income +€2,001
up €2,001 (+40010.2%), from €5 to €2,006
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 | €50,423 | €65,720 | +€15,297 | +30.3% |
| Fixed assets | 21/28 | €4,580 | €4,420 | -€160 | -3.5% |
| Tangible fixed assets | 22/27 | €4,580 | €4,420 | -€160 | -3.5% |
| Land and buildings | 22 | €4,580 | €4,420 | -€160 | -3.5% |
| Current assets | 29/58 | €45,843 | €61,300 | +€15,457 | +33.7% |
| Amounts receivable within one year | 40/41 | €17,944 | €58,504 | +€40,560 | +226.0% |
| Trade receivables | 40 | €2,944 | €7,412 | +€4,469 | +151.8% |
| Other amounts receivable | 41 | €15,000 | €51,091 | +€36,091 | +240.6% |
| Cash at bank and in hand | 54/58 | €27,899 | €2,797 | -€25,103 | -90.0% |
| Total equity and liabilities | 10/49 | €50,423 | €65,720 | +€15,297 | +30.3% |
| Equity | 10/15 | €28,580 | €8,788 | -€19,792 | -69.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,580 | €6,788 | -€19,792 | -74.5% |
| Amounts payable | 17/49 | €21,843 | €56,933 | +€35,089 | +160.6% |
| Amounts payable within one year | 42/48 | €21,843 | €56,933 | +€35,089 | +160.6% |
| Advances received on contracts in progress | 46 | €4,266 | - | -€4,266 | |
| Taxes, remuneration and social security | 45 | €10,841 | €13,853 | +€3,011 | +27.8% |
| Taxes | 450/3 | €5,761 | €13,853 | +€8,091 | +140.4% |
| Remuneration and social security | 454/9 | €5,080 | - | -€5,080 | |
| Other amounts payable | 47/48 | €6,735 | €43,080 | +€36,345 | +539.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €160 | = | 0.0% |
| Other operating charges | 640/8 | €312 | €66 | -€247 | -79.0% |
| Gross operating margin | 9900 | €20,431 | €29,867 | +€9,436 | +46.2% |
| Operating profit (loss) | 9901 | €19,959 | €29,641 | +€9,683 | +48.5% |
| Financial income | 75/76B | €5 | €2,006 | +€2,001 | +40010.2% |
| Recurring financial income | 75 | €5 | €2,006 | +€2,001 | +40010.2% |
| Financial charges | 65/66B | €49 | €45 | -€4 | -7.7% |
| Recurring financial charges | 65 | €49 | €45 | -€4 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €19,915 | €31,602 | +€11,687 | +58.7% |
| Income taxes | 67/77 | €3,983 | €8,314 | +€4,331 | +108.7% |
| Profit (loss) for the period | 9904 | €15,932 | €23,288 | +€7,356 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,932 | €23,288 | +€7,356 | +46.2% |
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 3 October 2026 via checked.be.