GLA TRANSMISSION: 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.
GLA TRANSMISSION
Largest movements
- Tangible fixed assets +€61,193
up €61,193 (+97.2%), from €62,945 to €124,138
of which Furniture and vehicles: +€67,254
- Receivables within one year +€54,258
up €54,258 (+518%), from €10,466 to €64,724
of which Other amounts receivable: +€51,850
- Cash +€25,031
up €25,031 (+32.2%), from €77,838 to €102,869
mainly Other debts (+€72,872) and Debts after one year (+€62,267)
- Stocks and contracts +€20,714
up €20,714 (+265%), from €7,817 to €28,531
- Other debts +€72,872
up €72,872 (+7,287%), from €1,000 to €73,872
- Debts after one year +€62,267
new in 2025: €62,267
- Current portion of long-term debt +€20,657
new in 2025: €20,657
- Tax, wage and social debts +€13,424
up €13,424 (+61.1%), from €21,953 to €35,377
of which Remuneration and social security: +€7,493
- Reserves -€12,741
down €12,741 (-11.6%), from €110,122 to €97,381
- Gross operating margin +€66,545
up €66,545 (+67.9%), from €98,047 to €164,592
- Staff costs +€45,856
up €45,856 (+11,267%), from €407 to €46,263
- Depreciation +€26,800
up €26,800 (+193%), from €13,921 to €40,721
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 | €159,751 | €322,970 | +€163,219 | +102% |
| Fixed assets | 21/28 | €63,411 | €124,682 | +€61,271 | +96.6% |
| Intangible fixed assets | 21 | €466 | €266 | -€200 | -42.9% |
| Tangible fixed assets | 22/27 | €62,945 | €124,138 | +€61,193 | +97.2% |
| Plant, machinery and equipment | 23 | €23,949 | €18,489 | -€5,460 | -22.8% |
| Furniture and vehicles | 24 | €32,450 | €99,704 | +€67,254 | +207% |
| Other tangible fixed assets | 26 | €6,546 | €5,945 | -€601 | -9.2% |
| Financial fixed assets | 28 | - | €278 | +€278 | |
| Current assets | 29/58 | €96,340 | €198,288 | +€101,948 | +106% |
| Stocks and contracts in progress | 3 | €7,817 | €28,531 | +€20,714 | +265% |
| Stocks | 30/36 | €7,817 | €28,531 | +€20,714 | +265% |
| Amounts receivable within one year | 40/41 | €10,466 | €64,724 | +€54,258 | +518% |
| Trade receivables | 40 | €3,626 | €6,034 | +€2,408 | +66.4% |
| Other amounts receivable | 41 | €6,840 | €58,690 | +€51,850 | +758% |
| Cash at bank and in hand | 54/58 | €77,838 | €102,869 | +€25,031 | +32.2% |
| Deferred charges and accrued income | 490/1 | €219 | €2,164 | +€1,945 | +888% |
| Total equity and liabilities | 10/49 | €159,751 | €322,970 | +€163,219 | +102% |
| Equity | 10/15 | €112,622 | €99,881 | -€12,741 | -11.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €110,122 | €97,381 | -€12,741 | -11.6% |
| Distributable reserves | 133 | €110,122 | €97,381 | -€12,741 | -11.6% |
| Amounts payable | 17/49 | €47,129 | €223,089 | +€175,960 | +373% |
| Amounts payable after more than one year | 17 | - | €62,267 | +€62,267 | |
| Financial debts | 170/4 | - | €62,267 | +€62,267 | |
| Amounts payable within one year | 42/48 | €47,129 | €160,707 | +€113,578 | +241% |
| Current portion of amounts payable after more than one year | 42 | - | €20,657 | +€20,657 | |
| Financial debts | 43 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Credit institutions | 430/8 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Trade debts | 44 | €12,176 | €22,801 | +€10,625 | +87.3% |
| Suppliers | 440/4 | €12,176 | €21,530 | +€9,354 | +76.8% |
| Bills of exchange payable | 441 | - | €1,271 | +€1,271 | |
| Taxes, remuneration and social security | 45 | €21,953 | €35,377 | +€13,424 | +61.1% |
| Taxes | 450/3 | €21,953 | €27,884 | +€5,931 | +27.0% |
| Remuneration and social security | 454/9 | - | €7,493 | +€7,493 | |
| Other amounts payable | 47/48 | €1,000 | €73,872 | +€72,872 | +7,287% |
| Accrued charges and deferred income | 492/3 | - | €115 | +€115 | |
| Remuneration, social security and pensions | 62 | €407 | €46,263 | +€45,856 | +11,267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,921 | €40,721 | +€26,800 | +193% |
| Other operating charges | 640/8 | €1,561 | €411 | -€1,150 | -73.7% |
| Gross operating margin | 9900 | €98,047 | €164,592 | +€66,545 | +67.9% |
| Operating profit (loss) | 9901 | €82,158 | €77,197 | -€4,961 | -6.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,215 | €4,337 | +€1,122 | +34.9% |
| Recurring financial charges | 65 | €3,215 | €4,337 | +€1,122 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €78,943 | €72,863 | -€6,080 | -7.7% |
| Income taxes | 67/77 | €15,844 | €15,016 | -€828 | -5.2% |
| Profit (loss) for the period | 9904 | €63,099 | €57,847 | -€5,252 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,099 | €57,847 | -€5,252 | -8.3% |
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 29 October 2026 via checked.be.