GLC: 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.
GLC
Largest movements
- Cash +€101,107
up €101,107 (+31.5%), from €320,792 to €421,899
mainly Other debts (+€249,420) and Net result for the year (+€112,761)
- Tangible fixed assets -€26,581
down €26,581 (-27.0%), from €98,468 to €71,887
- Other debts +€249,420
up €249,420 (+248.8%), from €100,240 to €349,660
- Reserves -€225,176
down €225,176 (-92.9%), from €242,395 to €17,219
- Tax, wage and social debts +€50,807
up €50,807 (+70.7%), from €71,909 to €122,716
- Gross operating margin -€2,116
down €2,116 (-1.2%), from €177,474 to €175,359
- Taxes +€1,810
up €1,810 (+5.6%), from €32,349 to €34,159
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 | €420,324 | €495,572 | +€75,248 | +17.9% |
| Fixed assets | 21/28 | €98,468 | €71,887 | -€26,581 | -27.0% |
| Tangible fixed assets | 22/27 | €98,468 | €71,887 | -€26,581 | -27.0% |
| Furniture and vehicles | 24 | €98,468 | €71,887 | -€26,581 | -27.0% |
| Current assets | 29/58 | €321,856 | €423,685 | +€101,829 | +31.6% |
| Amounts receivable within one year | 40/41 | €400 | €0 | -€400 | -100.0% |
| Trade receivables | 40 | €400 | €0 | -€400 | -100.0% |
| Cash at bank and in hand | 54/58 | €320,792 | €421,899 | +€101,107 | +31.5% |
| Deferred charges and accrued income | 490/1 | €664 | €1,786 | +€1,122 | +169.1% |
| Total equity and liabilities | 10/49 | €420,324 | €495,572 | +€75,248 | +17.9% |
| Equity | 10/15 | €247,395 | €22,219 | -€225,176 | -91.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €242,395 | €17,219 | -€225,176 | -92.9% |
| Distributable reserves | 133 | €242,395 | €17,219 | -€225,176 | -92.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €172,929 | €473,353 | +€300,424 | +173.7% |
| Amounts payable within one year | 42/48 | €172,479 | €473,353 | +€300,873 | +174.4% |
| Trade debts | 44 | €331 | €977 | +€647 | +195.6% |
| Suppliers | 440/4 | €331 | €977 | +€647 | +195.6% |
| Taxes, remuneration and social security | 45 | €71,909 | €122,716 | +€50,807 | +70.7% |
| Taxes | 450/3 | €71,909 | €122,716 | +€50,807 | +70.7% |
| Other amounts payable | 47/48 | €100,240 | €349,660 | +€249,420 | +248.8% |
| Accrued charges and deferred income | 492/3 | €449 | €0 | -€449 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,572 | €26,581 | +€1,009 | +3.9% |
| Other operating charges | 640/8 | €502 | €562 | +€59 | +11.8% |
| Gross operating margin | 9900 | €177,474 | €175,359 | -€2,116 | -1.2% |
| Operating profit (loss) | 9901 | €151,400 | €148,216 | -€3,184 | -2.1% |
| Financial charges | 65/66B | €1,556 | €1,296 | -€260 | -16.7% |
| Recurring financial charges | 65 | €1,556 | €1,296 | -€260 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €149,844 | €146,920 | -€2,924 | -2.0% |
| Income taxes | 67/77 | €32,349 | €34,159 | +€1,810 | +5.6% |
| Profit (loss) for the period | 9904 | €117,495 | €112,761 | -€4,734 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €117,495 | €112,761 | -€4,734 | -4.0% |
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 10 October 2026 via checked.be.