GLBB: 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.
GLBB
Largest movements
- Receivables within one year +€51,345
up €51,345 (+346.0%), from €14,839 to €66,184
of which Other amounts receivable: +€27,698
- Cash +€11,527
up €11,527 (+224.5%), from €5,134 to €16,661
mainly Net result for the year (+€29,990) and Tax, wage and social debts (+€29,029)
- Profit (loss) carried forward +€29,990
up €29,990 (+53.5%), from -€56,033 to -€26,043
- Tax, wage and social debts +€29,029
up €29,029 (+55.3%), from €52,500 to €81,529
of which Taxes: +€27,451
- Trade debts +€6,644
up €6,644 (+56.8%), from €11,691 to €18,335
of which Suppliers: +€6,861
- Other debts -€3,638
down €3,638 (-19.6%), from €18,530 to €14,892
- Gross operating margin +€77,531
up €77,531 (+210.0%), from €36,916 to €114,447
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 | €30,778 | €92,712 | +€61,934 | +201.2% |
| Fixed assets | 21/28 | €10,621 | €9,867 | -€754 | -7.1% |
| Intangible fixed assets | 21 | €822 | €732 | -€90 | -10.9% |
| Tangible fixed assets | 22/27 | €1,698 | €1,035 | -€664 | -39.1% |
| Furniture and vehicles | 24 | €1,698 | €1,035 | -€664 | -39.1% |
| Financial fixed assets | 28 | €8,100 | €8,100 | = | 0.0% |
| Current assets | 29/58 | €20,158 | €82,845 | +€62,688 | +311.0% |
| Amounts receivable within one year | 40/41 | €14,839 | €66,184 | +€51,345 | +346.0% |
| Trade receivables | 40 | €14,839 | €38,486 | +€23,647 | +159.4% |
| Other amounts receivable | 41 | - | €27,698 | +€27,698 | |
| Cash at bank and in hand | 54/58 | €5,134 | €16,661 | +€11,527 | +224.5% |
| Deferred charges and accrued income | 490/1 | €184 | - | -€184 | |
| Total equity and liabilities | 10/49 | €30,778 | €92,712 | +€61,934 | +201.2% |
| Equity | 10/15 | -€52,033 | -€22,043 | +€29,990 | +57.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,033 | -€26,043 | +€29,990 | +53.5% |
| Amounts payable | 17/49 | €82,811 | €114,756 | +€31,944 | +38.6% |
| Amounts payable within one year | 42/48 | €82,720 | €114,756 | +€32,035 | +38.7% |
| Trade debts | 44 | €11,691 | €18,335 | +€6,644 | +56.8% |
| Suppliers | 440/4 | €11,474 | €18,335 | +€6,861 | +59.8% |
| Bills of exchange payable | 441 | €217 | - | -€217 | |
| Taxes, remuneration and social security | 45 | €52,500 | €81,529 | +€29,029 | +55.3% |
| Taxes | 450/3 | €38,922 | €66,373 | +€27,451 | +70.5% |
| Remuneration and social security | 454/9 | €13,579 | €15,156 | +€1,578 | +11.6% |
| Other amounts payable | 47/48 | €18,530 | €14,892 | -€3,638 | -19.6% |
| Accrued charges and deferred income | 492/3 | €91 | - | -€91 | |
| Remuneration, social security and pensions | 62 | €83,417 | €83,174 | -€243 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €754 | +€383 | +103.5% |
| Other operating charges | 640/8 | €157 | €411 | +€255 | +162.6% |
| Gross operating margin | 9900 | €36,916 | €114,447 | +€77,531 | +210.0% |
| Operating profit (loss) | 9901 | -€47,028 | €30,108 | +€77,136 | |
| Financial income | 75/76B | €5 | €279 | +€274 | +5185.6% |
| Recurring financial income | 75 | €5 | €279 | +€274 | +5185.6% |
| Financial charges | 65/66B | €389 | €397 | +€8 | +2.2% |
| Recurring financial charges | 65 | €389 | €397 | +€8 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,412 | €29,990 | +€77,402 | |
| Profit (loss) for the period | 9904 | -€47,412 | €29,990 | +€77,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,412 | €29,990 | +€77,402 |
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 6 October 2026 via checked.be.