GLAD: 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.
GLAD
Largest movements
- Cash +€10,799
up €10,799 (+17.7%), from €60,886 to €71,685
mainly Net result for the year (+€8,745) and Other debts (+€3,231)
- Deferred charges and accrued income +€1,000
new in 2025: €1,000
- Reserves +€8,745
up €8,745 (+17.4%), from €50,321 to €59,066
- Other debts +€3,231
up €3,231 (+28.9%), from €11,180 to €14,411
- Gross operating margin -€5,409
down €5,409 (-28.5%), from €18,971 to €13,562
- Taxes -€958
down €958 (-19.0%), from €5,030 to €4,072
- Depreciation +€206
up €206 (+3,228%), from €6 to €213
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 | €65,426 | €76,638 | +€11,212 | +17.1% |
| Fixed assets | 21/28 | €2,120 | €1,907 | -€213 | -10.0% |
| Tangible fixed assets | 22/27 | €2,120 | €1,907 | -€213 | -10.0% |
| Furniture and vehicles | 24 | €2,120 | €1,907 | -€213 | -10.0% |
| Current assets | 29/58 | €63,306 | €74,730 | +€11,424 | +18.0% |
| Amounts receivable within one year | 40/41 | €2,420 | €2,045 | -€375 | -15.5% |
| Trade receivables | 40 | €2,420 | €2,045 | -€375 | -15.5% |
| Cash at bank and in hand | 54/58 | €60,886 | €71,685 | +€10,799 | +17.7% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €65,426 | €76,638 | +€11,212 | +17.1% |
| Equity | 10/15 | €53,321 | €62,066 | +€8,745 | +16.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,321 | €59,066 | +€8,745 | +17.4% |
| Distributable reserves | 133 | €50,321 | €59,066 | +€8,745 | +17.4% |
| Amounts payable | 17/49 | €12,105 | €14,572 | +€2,467 | +20.4% |
| Amounts payable within one year | 42/48 | €12,105 | €14,572 | +€2,467 | +20.4% |
| Trade debts | 44 | €127 | €40 | -€87 | -68.2% |
| Suppliers | 440/4 | €127 | €40 | -€87 | -68.2% |
| Taxes, remuneration and social security | 45 | €798 | €121 | -€678 | -84.9% |
| Taxes | 450/3 | €798 | €121 | -€678 | -84.9% |
| Other amounts payable | 47/48 | €11,180 | €14,411 | +€3,231 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6 | €213 | +€206 | +3,228% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €18,971 | €13,562 | -€5,409 | -28.5% |
| Operating profit (loss) | 9901 | €18,515 | €12,887 | -€5,628 | -30.4% |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €18,442 | €12,817 | -€5,625 | -30.5% |
| Income taxes | 67/77 | €5,030 | €4,072 | -€958 | -19.0% |
| Profit (loss) for the period | 9904 | €13,412 | €8,745 | -€4,667 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,412 | €8,745 | -€4,667 | -34.8% |
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 16 October 2026 via checked.be.