GLEETCH: 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.
GLEETCH
Largest movements
- Cash +€41,218
up €41,218 (+510.7%), from €8,070 to €49,288
mainly Net result for the year (+€65,855) and Trade debts (+€23,499)
- Receivables within one year +€24,265
up €24,265 (+198.5%), from €12,222 to €36,486
of which Trade receivables: +€24,295
- Intangible fixed assets +€18,615
new in 2025: €18,615
- Tangible fixed assets +€10,525
up €10,525 (+112.7%), from €9,343 to €19,868
of which Furniture and vehicles: +€7,081
- Deferred charges and accrued income -€3,726
down €3,726 (-85.6%), from €4,353 to €628
- Profit (loss) carried forward +€65,855
up €65,855 (+109.3%), from €60,273 to €126,128
- Trade debts +€23,499
up €23,499 (+845.8%), from €2,778 to €26,277
- Current portion of long-term debt +€8,262
up €8,262 (+413.1%), from €2,000 to €10,262
- Tax, wage and social debts -€7,819
down €7,819 (-60.3%), from €12,959 to €5,140
of which Taxes: -€5,099
- Other debts +€6,596
up €6,596 (+207.1%), from €3,185 to €9,781
- Financial income +€18,829
up €18,829 (+53338.8%), from €35 to €18,864
- Gross operating margin +€12,351
up €12,351 (+14.6%), from €84,747 to €97,098
- Taxes +€8,039
up €8,039 (+55.7%), from €14,430 to €22,469
- Staff costs +€7,434
up €7,434 (+57.3%), from €12,972 to €20,407
- Depreciation +€3,559
up €3,559 (+1023.4%), from €348 to €3,907
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 | €113,836 | €209,585 | +€95,750 | +84.1% |
| Fixed assets | 21/28 | €11,568 | €40,708 | +€29,140 | +251.9% |
| Intangible fixed assets | 21 | - | €18,615 | +€18,615 | |
| Tangible fixed assets | 22/27 | €9,343 | €19,868 | +€10,525 | +112.7% |
| Furniture and vehicles | 24 | €9,343 | €16,424 | +€7,081 | +75.8% |
| Other tangible fixed assets | 26 | - | €3,444 | +€3,444 | |
| Financial fixed assets | 28 | €2,225 | €2,225 | = | 0.0% |
| Current assets | 29/58 | €102,268 | €168,877 | +€66,610 | +65.1% |
| Stocks and contracts in progress | 3 | €5,500 | €7,500 | +€2,000 | +36.4% |
| Stocks | 30/36 | €5,500 | €7,500 | +€2,000 | +36.4% |
| Amounts receivable within one year | 40/41 | €12,222 | €36,486 | +€24,265 | +198.5% |
| Trade receivables | 40 | €12,192 | €36,486 | +€24,295 | +199.3% |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Current investments | 50/53 | €72,122 | €74,975 | +€2,852 | +4.0% |
| Cash at bank and in hand | 54/58 | €8,070 | €49,288 | +€41,218 | +510.7% |
| Deferred charges and accrued income | 490/1 | €4,353 | €628 | -€3,726 | -85.6% |
| Total equity and liabilities | 10/49 | €113,836 | €209,585 | +€95,750 | +84.1% |
| Equity | 10/15 | €91,273 | €157,128 | +€65,855 | +72.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,273 | €126,128 | +€65,855 | +109.3% |
| Amounts payable | 17/49 | €22,562 | €52,457 | +€29,895 | +132.5% |
| Amounts payable within one year | 42/48 | €22,562 | €52,436 | +€29,874 | +132.4% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | €10,262 | +€8,262 | +413.1% |
| Financial debts | 43 | - | €975 | +€975 | |
| Credit institutions | 430/8 | - | €975 | +€975 | |
| Trade debts | 44 | €2,778 | €26,277 | +€23,499 | +845.8% |
| Suppliers | 440/4 | €2,778 | €26,277 | +€23,499 | +845.8% |
| Advances received on contracts in progress | 46 | €1,639 | - | -€1,639 | |
| Taxes, remuneration and social security | 45 | €12,959 | €5,140 | -€7,819 | -60.3% |
| Taxes | 450/3 | €8,430 | €3,331 | -€5,099 | -60.5% |
| Remuneration and social security | 454/9 | €4,529 | €1,809 | -€2,720 | -60.1% |
| Other amounts payable | 47/48 | €3,185 | €9,781 | +€6,596 | +207.1% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €12,972 | €20,407 | +€7,434 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €3,907 | +€3,559 | +1023.4% |
| Other operating charges | 640/8 | €2,558 | €2,881 | +€323 | +12.6% |
| Gross operating margin | 9900 | €84,747 | €97,098 | +€12,351 | +14.6% |
| Operating profit (loss) | 9901 | €68,869 | €69,904 | +€1,034 | +1.5% |
| Financial income | 75/76B | €35 | €18,864 | +€18,829 | +53338.8% |
| Recurring financial income | 75 | €35 | €18,864 | +€18,829 | +53338.8% |
| Financial charges | 65/66B | €458 | €444 | -€14 | -3.0% |
| Recurring financial charges | 65 | €458 | €444 | -€14 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €68,447 | €88,324 | +€19,877 | +29.0% |
| Income taxes | 67/77 | €14,430 | €22,469 | +€8,039 | +55.7% |
| Profit (loss) for the period | 9904 | €54,017 | €65,855 | +€11,838 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,017 | €65,855 | +€11,838 | +21.9% |
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 8 October 2026 via checked.be.