GLIBAN: 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.
GLIBAN
Largest movements
- Current investments +€135,000
up €135,000 (+19.9%), from €678,992 to €813,992
- Receivables within one year -€91,173
down €91,173 (-14.8%), from €615,186 to €524,013
of which Other amounts receivable: -€94,731
- Tangible fixed assets -€25,446
down €25,446 (-3.4%), from €747,408 to €721,962
of which Land and buildings: -€22,600
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€69,554
down €69,554 (-42.7%), from €163,052 to €93,498
- Taxes -€21,648
down €21,648 (-48.3%), from €44,782 to €23,134
- Financial income +€3,455
up €3,455 (+26.5%), from €13,030 to €16,485
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 | €2,105,747 | €2,103,147 | -€2,600 | -0.1% |
| Fixed assets | 21/28 | €747,408 | €721,962 | -€25,446 | -3.4% |
| Tangible fixed assets | 22/27 | €747,408 | €721,962 | -€25,446 | -3.4% |
| Land and buildings | 22 | €730,800 | €708,200 | -€22,600 | -3.1% |
| Plant, machinery and equipment | 23 | €4,746 | €4,708 | -€38 | -0.8% |
| Furniture and vehicles | 24 | €11,862 | €9,055 | -€2,807 | -23.7% |
| Current assets | 29/58 | €1,358,339 | €1,381,185 | +€22,846 | +1.7% |
| Amounts receivable within one year | 40/41 | €615,186 | €524,013 | -€91,173 | -14.8% |
| Trade receivables | 40 | €14,060 | €17,618 | +€3,558 | +25.3% |
| Other amounts receivable | 41 | €601,125 | €506,394 | -€94,731 | -15.8% |
| Current investments | 50/53 | €678,992 | €813,992 | +€135,000 | +19.9% |
| Cash at bank and in hand | 54/58 | €63,475 | €42,505 | -€20,970 | -33.0% |
| Deferred charges and accrued income | 490/1 | €686 | €675 | -€12 | -1.7% |
| Total equity and liabilities | 10/49 | €2,105,747 | €2,103,147 | -€2,600 | -0.1% |
| Equity | 10/15 | €2,036,627 | €2,045,915 | +€9,287 | +0.5% |
| Contributions | 10/11 | €1,568,600 | €1,568,600 | = | 0.0% |
| Reserves | 13 | €468,027 | €477,315 | +€9,287 | +2.0% |
| Distributable reserves | 133 | €468,027 | €477,315 | +€9,287 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,120 | €57,232 | -€11,887 | -17.2% |
| Amounts payable within one year | 42/48 | €69,120 | €57,042 | -€12,077 | -17.5% |
| Trade debts | 44 | €113 | €2,968 | +€2,855 | +2531.6% |
| Suppliers | 440/4 | €113 | €2,968 | +€2,855 | +2531.6% |
| Taxes, remuneration and social security | 45 | €15,206 | €5,081 | -€10,125 | -66.6% |
| Taxes | 450/3 | €15,206 | €5,081 | -€10,125 | -66.6% |
| Other amounts payable | 47/48 | €53,801 | €48,993 | -€4,808 | -8.9% |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,138 | €26,508 | +€369 | +1.4% |
| Other operating charges | 640/8 | €1,891 | €1,825 | -€66 | -3.5% |
| Gross operating margin | 9900 | €163,052 | €93,498 | -€69,554 | -42.7% |
| Operating profit (loss) | 9901 | €135,023 | €65,165 | -€69,857 | -51.7% |
| Financial income | 75/76B | €13,030 | €16,485 | +€3,455 | +26.5% |
| Recurring financial income | 75 | €13,030 | €16,485 | +€3,455 | +26.5% |
| Financial charges | 65/66B | €293 | €235 | -€59 | -19.9% |
| Recurring financial charges | 65 | €293 | €235 | -€59 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €147,759 | €81,415 | -€66,344 | -44.9% |
| Income taxes | 67/77 | €44,782 | €23,134 | -€21,648 | -48.3% |
| Profit (loss) for the period | 9904 | €102,977 | €58,281 | -€44,696 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,977 | €58,281 | -€44,696 | -43.4% |
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 9 October 2026 via checked.be.