GLIGES: 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.
GLIGES
Largest movements
- Cash +€43,661
up €43,661 (+111.4%), from €39,204 to €82,865
mainly Receivables within one year (+€31,024) and Net result for the year (+€23,412)
- Receivables within one year -€31,024
down €31,024 (-69.4%), from €44,731 to €13,707
of which Trade receivables: -€33,450
- Profit (loss) carried forward +€23,412
up €23,412 (+98.4%), from €23,796 to €47,208
- Tax, wage and social debts -€10,507
down €10,507 (-91.0%), from €11,547 to €1,040
No income-statement line moved by more than 1% of the activity.
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 | €85,027 | €98,063 | +€13,035 | +15.3% |
| Fixed assets | 21/28 | €1,093 | €665 | -€428 | -39.2% |
| Tangible fixed assets | 22/27 | €1,093 | €665 | -€428 | -39.2% |
| Plant, machinery and equipment | 23 | €1,093 | €665 | -€428 | -39.2% |
| Current assets | 29/58 | €83,935 | €97,398 | +€13,463 | +16.0% |
| Amounts receivable within one year | 40/41 | €44,731 | €13,707 | -€31,024 | -69.4% |
| Trade receivables | 40 | €44,731 | €11,281 | -€33,450 | -74.8% |
| Other amounts receivable | 41 | - | €2,426 | +€2,426 | |
| Cash at bank and in hand | 54/58 | €39,204 | €82,865 | +€43,661 | +111.4% |
| Deferred charges and accrued income | 490/1 | - | €826 | +€826 | |
| Total equity and liabilities | 10/49 | €85,027 | €98,063 | +€13,035 | +15.3% |
| Equity | 10/15 | €70,869 | €94,281 | +€23,412 | +33.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,074 | €44,074 | = | 0.0% |
| Distributable reserves | 133 | €44,074 | €44,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,796 | €47,208 | +€23,412 | +98.4% |
| Amounts payable | 17/49 | €14,158 | €3,781 | -€10,377 | -73.3% |
| Amounts payable within one year | 42/48 | €14,158 | €3,781 | -€10,377 | -73.3% |
| Trade debts | 44 | €2,403 | €2,533 | +€131 | +5.4% |
| Suppliers | 440/4 | €2,403 | €2,533 | +€131 | +5.4% |
| Taxes, remuneration and social security | 45 | €11,547 | €1,040 | -€10,507 | -91.0% |
| Taxes | 450/3 | €11,547 | €1,040 | -€10,507 | -91.0% |
| Other amounts payable | 47/48 | €208 | €208 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €428 | = | 0.0% |
| Other operating charges | 640/8 | €63 | €58 | -€5 | -8.1% |
| Gross operating margin | 9900 | €31,552 | €31,284 | -€268 | -0.8% |
| Operating profit (loss) | 9901 | €31,061 | €30,798 | -€262 | -0.8% |
| Financial charges | 65/66B | €1,534 | €1,345 | -€189 | -12.3% |
| Recurring financial charges | 65 | €1,534 | €1,345 | -€189 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €29,526 | €29,453 | -€73 | -0.2% |
| Income taxes | 67/77 | €5,730 | €6,041 | +€310 | +5.4% |
| Profit (loss) for the period | 9904 | €23,796 | €23,412 | -€384 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,796 | €23,412 | -€384 | -1.6% |
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 6 October 2026 via checked.be.