GLC ADVISORS: 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 ADVISORS
Largest movements
- Tangible fixed assets -€910,634
down €910,634 (-100%), from €910,634 to €0
of which Land and buildings: -€542,000
- Current investments +€135,448
up €135,448 (+38.1%), from €355,641 to €491,089
- Receivables within one year -€75,174
down €75,174 (-14.4%), from €522,204 to €447,030
of which Other amounts receivable: -€100,174
- Debts after one year -€818,577
down €818,577 (-100%), from €818,577 to €0
- Profit (loss) carried forward -€135,968
down €135,968 (-18.3%), from €741,476 to €605,508
- Other debts +€126,255
up €126,255 (+107%), from €117,647 to €243,902
- Current portion of long-term debt -€61,210
down €61,210 (-100%), from €61,210 to €0
- Tax, wage and social debts +€44,343
up €44,343 (+58.5%), from €75,834 to €120,177
- Gross operating margin -€217,561
down €217,561 (-58.4%), from €372,841 to €155,280
- Depreciation -€89,344
down €89,344 (-100%), from €89,344 to €0
- Taxes -€35,174
down €35,174 (-46.3%), from €75,900 to €40,726
- Financial charges -€4,934
down €4,934 (-17.9%), from €27,501 to €22,568
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 | €1,856,105 | €1,000,546 | -€855,559 | -46.1% |
| Fixed assets | 21/28 | €910,634 | €0 | -€910,634 | -100% |
| Tangible fixed assets | 22/27 | €910,634 | €0 | -€910,634 | -100% |
| Land and buildings | 22 | €542,000 | €0 | -€542,000 | -100% |
| Furniture and vehicles | 24 | €5,778 | €0 | -€5,778 | -100% |
| Other tangible fixed assets | 26 | €362,856 | €0 | -€362,856 | -100% |
| Current assets | 29/58 | €945,471 | €1,000,546 | +€55,075 | +5.8% |
| Amounts receivable within one year | 40/41 | €522,204 | €447,030 | -€75,174 | -14.4% |
| Trade receivables | 40 | €0 | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €522,204 | €422,030 | -€100,174 | -19.2% |
| Current investments | 50/53 | €355,641 | €491,089 | +€135,448 | +38.1% |
| Cash at bank and in hand | 54/58 | €15,120 | €9,570 | -€5,550 | -36.7% |
| Deferred charges and accrued income | 490/1 | €52,506 | €52,857 | +€351 | +0.7% |
| Total equity and liabilities | 10/49 | €1,856,105 | €1,000,546 | -€855,559 | -46.1% |
| Equity | 10/15 | €761,936 | €625,968 | -€135,968 | -17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €741,476 | €605,508 | -€135,968 | -18.3% |
| Amounts payable | 17/49 | €1,094,168 | €374,578 | -€719,591 | -65.8% |
| Amounts payable after more than one year | 17 | €818,577 | €0 | -€818,577 | -100% |
| Financial debts | 170/4 | €818,577 | €0 | -€818,577 | -100% |
| Amounts payable within one year | 42/48 | €269,561 | €370,475 | +€100,914 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €61,210 | €0 | -€61,210 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,870 | €6,395 | -€8,475 | -57.0% |
| Suppliers | 440/4 | €14,870 | €6,395 | -€8,475 | -57.0% |
| Taxes, remuneration and social security | 45 | €75,834 | €120,177 | +€44,343 | +58.5% |
| Taxes | 450/3 | €75,834 | €120,177 | +€44,343 | +58.5% |
| Other amounts payable | 47/48 | €117,647 | €243,902 | +€126,255 | +107% |
| Accrued charges and deferred income | 492/3 | €6,030 | €4,103 | -€1,927 | -32.0% |
| Non-recurring operating income | 76A | - | €14,919 | +€14,919 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,344 | €0 | -€89,344 | -100% |
| Other operating charges | 640/8 | €7,027 | €9,958 | +€2,931 | +41.7% |
| Gross operating margin | 9900 | €372,841 | €155,280 | -€217,561 | -58.4% |
| Operating profit (loss) | 9901 | €276,470 | €145,323 | -€131,148 | -47.4% |
| Financial income | 75/76B | €26,087 | €25,905 | -€181 | -0.7% |
| Recurring financial income | 75 | €26,087 | €25,905 | -€181 | -0.7% |
| Financial charges | 65/66B | €27,501 | €22,568 | -€4,934 | -17.9% |
| Recurring financial charges | 65 | €27,501 | €22,568 | -€4,934 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €275,056 | €148,660 | -€126,395 | -46.0% |
| Income taxes | 67/77 | €75,900 | €40,726 | -€35,174 | -46.3% |
| Profit (loss) for the period | 9904 | €199,156 | €107,934 | -€91,222 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,156 | €107,934 | -€91,222 | -45.8% |
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 21 October 2026 via checked.be.