GLCP: 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.
GLCP
Largest movements
- Cash -€21,230
down €21,230 (-33.9%), from €62,628 to €41,398
mainly Contributions, distributions and other (-€43,000) and Receivables within one year (-€19,376)
- Receivables within one year +€19,376
new in 2025: €19,376
of which Trade receivables: +€13,976
- Tangible fixed assets -€14,674
down €14,674 (-21.6%), from €68,046 to €53,372
of which Furniture and vehicles: -€13,994
- Debts after one year -€13,602
down €13,602 (-25.4%), from €53,644 to €40,042
- Profit (loss) carried forward -€6,716
down €6,716 (-15.6%), from €43,147 to €36,431
- Other debts +€3,918
up €3,918 (+195%), from €2,014 to €5,932
- Tax, wage and social debts -€1,433
down €1,433 (-7.8%), from €18,474 to €17,040
- Depreciation +€9,686
up €9,686 (+194%), from €4,988 to €14,674
- Gross operating margin +€2,733
up €2,733 (+4.5%), from €61,213 to €63,947
- Taxes -€1,575
down €1,575 (-13.8%), from €11,396 to €9,822
- Financial charges +€1,472
up €1,472 (+163%), from €902 to €2,374
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 | €131,898 | €115,420 | -€16,477 | -12.5% |
| Fixed assets | 21/28 | €68,046 | €53,372 | -€14,674 | -21.6% |
| Tangible fixed assets | 22/27 | €68,046 | €53,372 | -€14,674 | -21.6% |
| Plant, machinery and equipment | 23 | €1,289 | €756 | -€533 | -41.4% |
| Furniture and vehicles | 24 | €65,306 | €51,312 | -€13,994 | -21.4% |
| Other tangible fixed assets | 26 | €1,450 | €1,304 | -€146 | -10.1% |
| Current assets | 29/58 | €63,852 | €62,048 | -€1,804 | -2.8% |
| Amounts receivable within one year | 40/41 | - | €19,376 | +€19,376 | |
| Trade receivables | 40 | - | €13,976 | +€13,976 | |
| Other amounts receivable | 41 | - | €5,400 | +€5,400 | |
| Cash at bank and in hand | 54/58 | €62,628 | €41,398 | -€21,230 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,275 | +€51 | +4.2% |
| Total equity and liabilities | 10/49 | €131,898 | €115,420 | -€16,477 | -12.5% |
| Equity | 10/15 | €44,647 | €37,931 | -€6,716 | -15.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,147 | €36,431 | -€6,716 | -15.6% |
| Amounts payable | 17/49 | €87,251 | €77,489 | -€9,762 | -11.2% |
| Amounts payable after more than one year | 17 | €53,644 | €40,042 | -€13,602 | -25.4% |
| Financial debts | 170/4 | €53,644 | €40,042 | -€13,602 | -25.4% |
| Amounts payable within one year | 42/48 | €33,607 | €37,447 | +€3,841 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €13,119 | €13,602 | +€483 | +3.7% |
| Trade debts | 44 | - | €873 | +€873 | |
| Suppliers | 440/4 | - | €873 | +€873 | |
| Taxes, remuneration and social security | 45 | €18,474 | €17,040 | -€1,433 | -7.8% |
| Taxes | 450/3 | €18,474 | €17,040 | -€1,433 | -7.8% |
| Other amounts payable | 47/48 | €2,014 | €5,932 | +€3,918 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,988 | €14,674 | +€9,686 | +194% |
| Other operating charges | 640/8 | €808 | €793 | -€15 | -1.9% |
| Gross operating margin | 9900 | €61,213 | €63,947 | +€2,733 | +4.5% |
| Operating profit (loss) | 9901 | €55,417 | €48,480 | -€6,937 | -12.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €902 | €2,374 | +€1,472 | +163% |
| Recurring financial charges | 65 | €902 | €2,374 | +€1,472 | +163% |
| Profit (loss) for the period before taxes | 9903 | €54,515 | €46,106 | -€8,409 | -15.4% |
| Income taxes | 67/77 | €11,396 | €9,822 | -€1,575 | -13.8% |
| Profit (loss) for the period | 9904 | €43,118 | €36,284 | -€6,834 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,118 | €36,284 | -€6,834 | -15.9% |
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 14 October 2026 via checked.be.