GLC HOLDING: 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.
GLC HOLDING
Largest movements
- Tangible fixed assets -€5,014
down €5,014 (-22.8%), from €21,954 to €16,940
- Receivables within one year -€1,286
down €1,286 (-50.1%), from €2,567 to €1,281
of which Other amounts receivable: -€1,303
- Cash -€1,056
down €1,056 (-76.7%), from €1,378 to €321
mainly Debts after one year (-€5,904) and Net result for the year (-€1,645)
- Debts after one year -€5,904
down €5,904 (-28.0%), from €21,072 to €15,168
- Profit (loss) carried forward -€1,645
down €1,645 (-90.5%), from -€1,818 to -€3,462
- Depreciation +€1,896
up €1,896 (+60.8%), from €3,118 to €5,014
- Gross operating margin +€1,474
up €1,474 (+50.3%), from €2,930 to €4,404
- Financial charges -€577
down €577 (-38.5%), from €1,500 to €923
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 | €26,503 | €19,110 | -€7,393 | -27.9% |
| Fixed assets | 21/28 | €21,954 | €16,940 | -€5,014 | -22.8% |
| Tangible fixed assets | 22/27 | €21,954 | €16,940 | -€5,014 | -22.8% |
| Furniture and vehicles | 24 | €21,954 | €16,940 | -€5,014 | -22.8% |
| Current assets | 29/58 | €4,548 | €2,170 | -€2,378 | -52.3% |
| Amounts receivable within one year | 40/41 | €2,567 | €1,281 | -€1,286 | -50.1% |
| Trade receivables | 40 | - | €17 | +€17 | |
| Other amounts receivable | 41 | €2,567 | €1,264 | -€1,303 | -50.7% |
| Cash at bank and in hand | 54/58 | €1,378 | €321 | -€1,056 | -76.7% |
| Deferred charges and accrued income | 490/1 | €604 | €568 | -€36 | -6.0% |
| Total equity and liabilities | 10/49 | €26,503 | €19,110 | -€7,393 | -27.9% |
| Equity | 10/15 | -€318 | -€1,962 | -€1,645 | -517.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,818 | -€3,462 | -€1,645 | -90.5% |
| Amounts payable | 17/49 | €26,820 | €21,072 | -€5,748 | -21.4% |
| Amounts payable after more than one year | 17 | €21,072 | €15,168 | -€5,904 | -28.0% |
| Financial debts | 170/4 | €21,072 | €15,168 | -€5,904 | -28.0% |
| Amounts payable within one year | 42/48 | €5,748 | €5,904 | +€156 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €5,697 | €5,904 | +€207 | +3.6% |
| Trade debts | 44 | €51 | - | -€51 | |
| Suppliers | 440/4 | €51 | - | -€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,118 | €5,014 | +€1,896 | +60.8% |
| Other operating charges | 640/8 | €129 | €111 | -€18 | -13.8% |
| Gross operating margin | 9900 | €2,930 | €4,404 | +€1,474 | +50.3% |
| Operating profit (loss) | 9901 | -€317 | -€721 | -€404 | -127.5% |
| Financial charges | 65/66B | €1,500 | €923 | -€577 | -38.5% |
| Recurring financial charges | 65 | €1,500 | €923 | -€577 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,818 | -€1,645 | +€173 | +9.5% |
| Profit (loss) for the period | 9904 | -€1,818 | -€1,645 | +€173 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,818 | -€1,645 | +€173 | +9.5% |
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.