GLa Projecten: what changed
What changed
GLa Projecten
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€82,409
2024 · €70,280+€12,129
Equity
€224,774
2024 · €189,424+€35,350
Cash
€185,385
2024 · €159,711+€25,674
Balance sheet total
€346,895
2024 · €318,364+€28,531
Largest movements
Assets
- Cash +€25,674
up €25,674 (+16.1%), from €159,711 to €185,385
mainly Net result for the year (+€82,409) and Trade debts (+€59,489)
- Receivables within one year +€25,288
up €25,288 (+43.1%), from €58,687 to €83,974
of which Trade receivables: +€46,738
- Tangible fixed assets -€21,469
down €21,469 (-23.3%), from €91,997 to €70,528
of which Leasing and similar rights: -€15,538
Equity and liabilities
- Trade debts +€59,489
up €59,489 (+429%), from €13,852 to €73,341
- Other debts -€45,515
down €45,515 (-100%), from €45,515 to €0
- Reserves +€35,350
up €35,350 (+20.8%), from €170,260 to €205,610
- Debts after one year -€16,386
down €16,386 (-40.1%), from €40,845 to €24,459
- Tax, wage and social debts -€5,180
down €5,180 (-40.0%), from €12,935 to €7,755
of which Taxes: -€7,701
Income statement
- Gross operating margin +€24,330
up €24,330 (+22.0%), from €110,566 to €134,896
- Depreciation +€6,474
up €6,474 (+43.2%), from €14,995 to €21,469
- Taxes +€5,858
up €5,858 (+32.0%), from €18,284 to €24,142
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.
Result 2024
€70,280
Gross operating margin
+€24,330
Staff costs
-€19
Depreciation
-€6,474
Other operating charges
-€145
Other operating items
+€828
Financial income
-€14
Financial charges
-€518
Taxes
-€5,858
Result 2025
€82,409
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€88,525
Investment
€0
Financing
-€62,852
Cash 2024
€159,711
From operations (derived)
+€88,525
Net result for the year
+€82,409
Depreciation
+€21,469
Stocks and contracts
+€220
Receivables within one year
-€25,288
Deferred charges and accrued income
+€741
Trade debts
+€59,489
Tax, wage and social debts
-€5,180
Other debts
-€45,515
Accrued charges and deferred income
+€180
Financing
-€62,852
Debts after one year
-€16,386
Current portion of long-term debt
+€593
Contributions, distributions and other
-€47,059
Cash 2025
€185,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,364 | €346,895 | +€28,531 | +9.0% |
| Fixed assets | 21/28 | €92,997 | €71,528 | -€21,469 | -23.1% |
| Tangible fixed assets | 22/27 | €91,997 | €70,528 | -€21,469 | -23.3% |
| Land and buildings | 22 | €7,765 | €6,011 | -€1,753 | -22.6% |
| Plant, machinery and equipment | 23 | €573 | €140 | -€433 | -75.5% |
| Furniture and vehicles | 24 | €17,767 | €14,022 | -€3,745 | -21.1% |
| Leasing and similar rights | 25 | €65,893 | €50,355 | -€15,538 | -23.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €225,367 | €275,367 | +€50,000 | +22.2% |
| Stocks and contracts in progress | 3 | €3,220 | €3,000 | -€220 | -6.8% |
| Stocks | 30/36 | €3,220 | €3,000 | -€220 | -6.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €58,687 | €83,974 | +€25,288 | +43.1% |
| Trade receivables | 40 | €23,233 | €69,971 | +€46,738 | +201% |
| Other amounts receivable | 41 | €35,454 | €14,004 | -€21,451 | -60.5% |
| Cash at bank and in hand | 54/58 | €159,711 | €185,385 | +€25,674 | +16.1% |
| Deferred charges and accrued income | 490/1 | €3,749 | €3,008 | -€741 | -19.8% |
| Total equity and liabilities | 10/49 | €318,364 | €346,895 | +€28,531 | +9.0% |
| Equity | 10/15 | €189,424 | €224,774 | +€35,350 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,260 | €205,610 | +€35,350 | +20.8% |
| Distributable reserves | 133 | €170,260 | €205,610 | +€35,350 | +20.8% |
| Profit (loss) carried forward | 14 | €564 | €564 | = | 0.0% |
| Amounts payable | 17/49 | €128,940 | €122,121 | -€6,819 | -5.3% |
| Amounts payable after more than one year | 17 | €40,845 | €24,459 | -€16,386 | -40.1% |
| Financial debts | 170/4 | €40,845 | €24,459 | -€16,386 | -40.1% |
| Amounts payable within one year | 42/48 | €88,095 | €97,482 | +€9,387 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €15,793 | €16,386 | +€593 | +3.8% |
| Trade debts | 44 | €13,852 | €73,341 | +€59,489 | +429% |
| Suppliers | 440/4 | €13,852 | €73,341 | +€59,489 | +429% |
| Taxes, remuneration and social security | 45 | €12,935 | €7,755 | -€5,180 | -40.0% |
| Taxes | 450/3 | €12,935 | €5,234 | -€7,701 | -59.5% |
| Remuneration and social security | 454/9 | €0 | €2,521 | +€2,521 | |
| Other amounts payable | 47/48 | €45,515 | €0 | -€45,515 | -100% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Non-recurring operating income | 76A | €5,344 | €0 | -€5,344 | -100% |
| Remuneration, social security and pensions | 62 | -€19 | €0 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,995 | €21,469 | +€6,474 | +43.2% |
| Other operating charges | 640/8 | €2,735 | €2,880 | +€145 | +5.3% |
| Non-recurring operating charges | 66A | €828 | €0 | -€828 | -100% |
| Gross operating margin | 9900 | €110,566 | €134,896 | +€24,330 | +22.0% |
| Operating profit (loss) | 9901 | €92,027 | €110,546 | +€18,519 | +20.1% |
| Financial income | 75/76B | €19 | €5 | -€14 | -73.4% |
| Recurring financial income | 75 | €19 | €5 | -€14 | -73.4% |
| Financial charges | 65/66B | €3,482 | €4,000 | +€518 | +14.9% |
| Recurring financial charges | 65 | €3,482 | €4,000 | +€518 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €88,564 | €106,551 | +€17,987 | +20.3% |
| Income taxes | 67/77 | €18,284 | €24,142 | +€5,858 | +32.0% |
| Profit (loss) for the period | 9904 | €70,280 | €82,409 | +€12,129 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,280 | €82,409 | +€12,129 | +17.3% |
Next steps
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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 2 November 2026 via checked.be.