GLE-PROJECTS: 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-PROJECTS
Largest movements
- Stocks and contracts -€208,409
down €208,409 (-100.0%), from €208,409 to €0
- Receivables within one year +€29,992
up €29,992 (+14.1%), from €212,955 to €242,947
of which Trade receivables: +€29,616
- Short-term financial debts -€235,200
down €235,200 (-78.8%), from €298,500 to €63,300
- Profit (loss) carried forward +€79,143
up €79,143 (+64.9%), from -€121,881 to -€42,737
- Other debts -€14,000
down €14,000 (-100.0%), from €14,000 to €0
- Tax, wage and social debts -€7,540
down €7,540 (-100.0%), from €7,540 to €0
- Gross operating margin +€179,888
up €179,888, from -€94,262 to €85,626
- Financial charges -€30,909
down €30,909 (-83.9%), from €36,819 to €5,910
- Other operating charges -€5,155
down €5,155 (-90.0%), from €5,727 to €572
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 | €421,367 | €243,770 | -€177,597 | -42.1% |
| Current assets | 29/58 | €421,367 | €243,770 | -€177,597 | -42.1% |
| Stocks and contracts in progress | 3 | €208,409 | €0 | -€208,409 | -100.0% |
| Stocks | 30/36 | €208,409 | €0 | -€208,409 | -100.0% |
| Amounts receivable within one year | 40/41 | €212,955 | €242,947 | +€29,992 | +14.1% |
| Trade receivables | 40 | €212,955 | €242,571 | +€29,616 | +13.9% |
| Other amounts receivable | 41 | €0 | €376 | +€376 | |
| Cash at bank and in hand | 54/58 | €2 | €823 | +€820 | +33067.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €421,367 | €243,770 | -€177,597 | -42.1% |
| Equity | 10/15 | -€100,881 | -€21,737 | +€79,143 | +78.5% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,881 | -€42,737 | +€79,143 | +64.9% |
| Amounts payable | 17/49 | €522,247 | €265,507 | -€256,740 | -49.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €322,173 | €65,432 | -€256,740 | -79.7% |
| Financial debts | 43 | €298,500 | €63,300 | -€235,200 | -78.8% |
| Credit institutions | 430/8 | €298,500 | €63,300 | -€235,200 | -78.8% |
| Trade debts | 44 | €2,132 | €2,132 | = | 0.0% |
| Suppliers | 440/4 | €2,132 | €2,132 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,540 | €0 | -€7,540 | -100.0% |
| Taxes | 450/3 | €7,540 | €0 | -€7,540 | -100.0% |
| Other amounts payable | 47/48 | €14,000 | €0 | -€14,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €200,075 | €200,075 | = | 0.0% |
| Other operating charges | 640/8 | €5,727 | €572 | -€5,155 | -90.0% |
| Gross operating margin | 9900 | -€94,262 | €85,626 | +€179,888 | |
| Operating profit (loss) | 9901 | -€99,989 | €85,054 | +€185,042 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €36,819 | €5,910 | -€30,909 | -83.9% |
| Recurring financial charges | 65 | €36,819 | €5,910 | -€30,909 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | -€136,808 | €79,143 | +€215,951 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€136,808 | €79,143 | +€215,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€136,808 | €79,143 | +€215,951 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.