GLE MANAGEMENT: 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.
GLE MANAGEMENT
Largest movements
- Receivables within one year -€24,315
down €24,315 (-95.4%), from €25,500 to €1,185
- Cash +€14,708
up €14,708 (+128%), from €11,499 to €26,206
mainly Receivables within one year (+€24,315) and Other debts (+€5,362)
- Debts after one year -€14,584
down €14,584 (-66.2%), from €22,038 to €7,454
- Other debts +€5,362
up €5,362 (+15.8%), from €34,001 to €39,363
- Trade debts -€2,267
down €2,267 (-87.9%), from €2,579 to €313
- Gross operating margin -€11,126
down €11,126 (-73.5%), from €15,142 to €4,016
- Taxes -€3,755
down €3,755 (-77.2%), from €4,866 to €1,112
- Financial charges -€871
down €871 (-39.0%), from €2,232 to €1,361
- Other operating charges -€372
down €372 (-30.2%), from €1,232 to €861
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 | €218,555 | €205,689 | -€12,866 | -5.9% |
| Fixed assets | 21/28 | €180,243 | €178,243 | -€2,000 | -1.1% |
| Tangible fixed assets | 22/27 | €4,591 | €2,591 | -€2,000 | -43.6% |
| Furniture and vehicles | 24 | €4,101 | €2,102 | -€2,000 | -48.8% |
| Other tangible fixed assets | 26 | €490 | €490 | = | 0.0% |
| Financial fixed assets | 28 | €175,652 | €175,652 | = | 0.0% |
| Current assets | 29/58 | €38,312 | €27,446 | -€10,867 | -28.4% |
| Amounts receivable within one year | 40/41 | €25,500 | €1,185 | -€24,315 | -95.4% |
| Trade receivables | 40 | €25,500 | €1,185 | -€24,315 | -95.4% |
| Cash at bank and in hand | 54/58 | €11,499 | €26,206 | +€14,708 | +128% |
| Deferred charges and accrued income | 490/1 | €1,313 | €54 | -€1,259 | -95.9% |
| Total equity and liabilities | 10/49 | €218,555 | €205,689 | -€12,866 | -5.9% |
| Equity | 10/15 | €127,352 | €126,035 | -€1,317 | -1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €51,574 | €51,574 | = | 0.0% |
| Distributable reserves | 133 | €51,574 | €51,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,778 | €24,461 | -€1,317 | -5.1% |
| Amounts payable | 17/49 | €91,203 | €79,653 | -€11,550 | -12.7% |
| Amounts payable after more than one year | 17 | €22,038 | €7,454 | -€14,584 | -66.2% |
| Financial debts | 170/4 | €22,038 | €7,454 | -€14,584 | -66.2% |
| Amounts payable within one year | 42/48 | €69,165 | €71,699 | +€2,534 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €14,160 | €14,584 | +€423 | +3.0% |
| Trade debts | 44 | €2,579 | €313 | -€2,267 | -87.9% |
| Suppliers | 440/4 | €2,579 | €313 | -€2,267 | -87.9% |
| Taxes, remuneration and social security | 45 | €18,424 | €17,439 | -€985 | -5.3% |
| Taxes | 450/3 | €18,424 | €17,439 | -€985 | -5.3% |
| Other amounts payable | 47/48 | €34,001 | €39,363 | +€5,362 | +15.8% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €2,037 | +€2,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,955 | €2,000 | +€45 | +2.3% |
| Other operating charges | 640/8 | €1,232 | €861 | -€372 | -30.2% |
| Gross operating margin | 9900 | €15,142 | €4,016 | -€11,126 | -73.5% |
| Operating profit (loss) | 9901 | €11,955 | €1,156 | -€10,799 | -90.3% |
| Financial charges | 65/66B | €2,232 | €1,361 | -€871 | -39.0% |
| Recurring financial charges | 65 | €2,232 | €1,361 | -€871 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €9,723 | -€205 | -€9,929 | |
| Income taxes | 67/77 | €4,866 | €1,112 | -€3,755 | -77.2% |
| Profit (loss) for the period | 9904 | €4,857 | -€1,317 | -€6,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,857 | -€1,317 | -€6,174 |
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 18 October 2026 via checked.be.