GLG TEXTO: 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.
GLG TEXTO
Largest movements
- Receivables within one year -€31,325
down €31,325 (-82.3%), from €38,051 to €6,726
- Cash +€8,569
up €8,569 (+69.2%), from €12,381 to €20,950
mainly Receivables within one year (+€31,325) and Depreciation (+€6,300)
- Tangible fixed assets -€6,300
down €6,300 (-21.2%), from €29,729 to €23,429
- Trade debts -€30,311
no longer reported in 2025 (was €30,311)
- Tax, wage and social debts -€1,513
down €1,513 (-52.1%), from €2,907 to €1,393
- Other debts +€1,500
up €1,500 (+3.5%), from €42,508 to €44,008
- Profit (loss) carried forward +€881
up €881 (+33.3%), from -€2,646 to -€1,765
- Depreciation +€5,005
up €5,005 (+387%), from €1,295 to €6,300
- Gross operating margin +€3,546
up €3,546 (+74.7%), from €4,750 to €8,296
- Other operating charges -€654
down €654 (-54.7%), from €1,195 to €541
- Financial charges +€154
up €154 (+92.7%), from €166 to €320
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 | €81,240 | €51,796 | -€29,444 | -36.2% |
| Fixed assets | 21/28 | €29,729 | €23,429 | -€6,300 | -21.2% |
| Tangible fixed assets | 22/27 | €29,729 | €23,429 | -€6,300 | -21.2% |
| Furniture and vehicles | 24 | €29,729 | €23,429 | -€6,300 | -21.2% |
| Current assets | 29/58 | €51,511 | €28,367 | -€23,144 | -44.9% |
| Amounts receivable within one year | 40/41 | €38,051 | €6,726 | -€31,325 | -82.3% |
| Trade receivables | 40 | €38,051 | €6,726 | -€31,325 | -82.3% |
| Cash at bank and in hand | 54/58 | €12,381 | €20,950 | +€8,569 | +69.2% |
| Deferred charges and accrued income | 490/1 | €1,079 | €692 | -€387 | -35.9% |
| Total equity and liabilities | 10/49 | €81,240 | €51,796 | -€29,444 | -36.2% |
| Equity | 10/15 | €5,514 | €6,395 | +€881 | +16.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,646 | -€1,765 | +€881 | +33.3% |
| Amounts payable | 17/49 | €75,726 | €45,401 | -€30,324 | -40.0% |
| Amounts payable within one year | 42/48 | €75,726 | €45,401 | -€30,324 | -40.0% |
| Trade debts | 44 | €30,311 | - | -€30,311 | |
| Suppliers | 440/4 | €30,311 | - | -€30,311 | |
| Taxes, remuneration and social security | 45 | €2,907 | €1,393 | -€1,513 | -52.1% |
| Taxes | 450/3 | €2,907 | €1,393 | -€1,513 | -52.1% |
| Other amounts payable | 47/48 | €42,508 | €44,008 | +€1,500 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €6,300 | +€5,005 | +387% |
| Other operating charges | 640/8 | €1,195 | €541 | -€654 | -54.7% |
| Gross operating margin | 9900 | €4,750 | €8,296 | +€3,546 | +74.7% |
| Operating profit (loss) | 9901 | €2,259 | €1,455 | -€805 | -35.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €166 | €320 | +€154 | +92.7% |
| Recurring financial charges | 65 | €166 | €320 | +€154 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €2,093 | €1,135 | -€958 | -45.8% |
| Income taxes | 67/77 | €199 | €254 | +€55 | +27.7% |
| Profit (loss) for the period | 9904 | €1,894 | €881 | -€1,014 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,894 | €881 | -€1,014 | -53.5% |
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 20 October 2026 via checked.be.