GLAN: 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.
GLAN
Largest movements
- Cash -€45,577
down €45,577 (-92.9%), from €49,047 to €3,470
mainly Investment in fixed assets (net) (-€41,939) and Debts after one year (-€36,827)
- Tangible fixed assets +€27,513
up €27,513 (+7.4%), from €373,749 to €401,262
of which Land and buildings: +€29,513
- Other debts +€44,012
new in 2025: €44,012
- Debts after one year -€36,827
down €36,827 (-10.1%), from €364,008 to €327,182
- Profit (loss) carried forward -€28,754
down €28,754 (-145%), from -€19,897 to -€48,651
- Depreciation +€13,664
up €13,664 (+1,288%), from €1,061 to €14,725
- Gross operating margin +€12,943
up €12,943 (+69.0%), from -€18,760 to -€5,817
- Financial charges +€4,990
up €4,990 (+83,173%), from €6 to €4,996
- Other operating charges +€3,145
up €3,145 (+4,467%), from €70 to €3,215
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 | €430,766 | €411,747 | -€19,019 | -4.4% |
| Fixed assets | 21/28 | €375,209 | €402,422 | +€27,213 | +7.3% |
| Intangible fixed assets | 21 | €1,460 | €1,160 | -€300 | -20.5% |
| Tangible fixed assets | 22/27 | €373,749 | €401,262 | +€27,513 | +7.4% |
| Land and buildings | 22 | €363,945 | €393,459 | +€29,513 | +8.1% |
| Furniture and vehicles | 24 | €9,804 | €7,804 | -€2,000 | -20.4% |
| Current assets | 29/58 | €55,557 | €9,325 | -€46,232 | -83.2% |
| Amounts receivable within one year | 40/41 | €4,018 | €296 | -€3,722 | -92.6% |
| Trade receivables | 40 | €686 | €296 | -€390 | -56.8% |
| Other amounts receivable | 41 | €3,332 | €0 | -€3,332 | -100% |
| Cash at bank and in hand | 54/58 | €49,047 | €3,470 | -€45,577 | -92.9% |
| Deferred charges and accrued income | 490/1 | €2,492 | €5,559 | +€3,067 | +123% |
| Total equity and liabilities | 10/49 | €430,766 | €411,747 | -€19,019 | -4.4% |
| Equity | 10/15 | €30,103 | €1,349 | -€28,754 | -95.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,897 | -€48,651 | -€28,754 | -145% |
| Amounts payable | 17/49 | €400,663 | €410,398 | +€9,735 | +2.4% |
| Amounts payable after more than one year | 17 | €364,008 | €327,182 | -€36,827 | -10.1% |
| Financial debts | 170/4 | €364,008 | €327,182 | -€36,827 | -10.1% |
| Amounts payable within one year | 42/48 | €36,655 | €83,217 | +€46,562 | +127% |
| Current portion of amounts payable after more than one year | 42 | €35,992 | €36,827 | +€835 | +2.3% |
| Trade debts | 44 | €663 | €1,973 | +€1,310 | +197% |
| Suppliers | 440/4 | €663 | €1,973 | +€1,310 | +197% |
| Taxes, remuneration and social security | 45 | - | €405 | +€405 | |
| Taxes | 450/3 | - | €405 | +€405 | |
| Other amounts payable | 47/48 | - | €44,012 | +€44,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,061 | €14,725 | +€13,664 | +1,288% |
| Other operating charges | 640/8 | €70 | €3,215 | +€3,145 | +4,467% |
| Gross operating margin | 9900 | -€18,760 | -€5,817 | +€12,943 | +69.0% |
| Operating profit (loss) | 9901 | -€19,891 | -€23,757 | -€3,866 | -19.4% |
| Financial charges | 65/66B | €6 | €4,996 | +€4,990 | +83,173% |
| Recurring financial charges | 65 | €6 | €4,996 | +€4,990 | +83,173% |
| Profit (loss) for the period before taxes | 9903 | -€19,897 | -€28,754 | -€8,857 | -44.5% |
| Profit (loss) for the period | 9904 | -€19,897 | -€28,754 | -€8,857 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,897 | -€28,754 | -€8,857 | -44.5% |
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 23 October 2026 via checked.be.