GLIM: 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.
GLIM
Largest movements
- Cash -€20,835
down €20,835 (-16.8%), from €124,352 to €103,517
mainly Trade debts (-€21,841) and Tax, wage and social debts (-€11,183)
- Receivables within one year +€5,983
up €5,983 (+78.2%), from €7,650 to €13,633
- Stocks and contracts -€2,096
down €2,096 (-21.9%), from €9,568 to €7,471
- Trade debts -€21,841
down €21,841 (-48.3%), from €45,194 to €23,353
- Profit (loss) carried forward +€17,340
up €17,340 (+27.5%), from €63,134 to €80,474
- Tax, wage and social debts -€11,183
down €11,183 (-26.4%), from €42,435 to €31,252
of which Taxes: -€24,323
- Gross operating margin -€18,617
down €18,617 (-6.4%), from €289,951 to €271,334
- Taxes -€4,115
down €4,115 (-39.2%), from €10,496 to €6,381
- Staff costs +€2,946
up €2,946 (+1.3%), from €232,120 to €235,066
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 | €156,769 | €142,397 | -€14,372 | -9.2% |
| Fixed assets | 21/28 | €13,828 | €15,088 | +€1,261 | +9.1% |
| Tangible fixed assets | 22/27 | €13,828 | €15,088 | +€1,261 | +9.1% |
| Plant, machinery and equipment | 23 | €13,828 | €15,088 | +€1,261 | +9.1% |
| Current assets | 29/58 | €142,941 | €127,309 | -€15,633 | -10.9% |
| Stocks and contracts in progress | 3 | €9,568 | €7,471 | -€2,096 | -21.9% |
| Stocks | 30/36 | €9,568 | €7,471 | -€2,096 | -21.9% |
| Amounts receivable within one year | 40/41 | €7,650 | €13,633 | +€5,983 | +78.2% |
| Other amounts receivable | 41 | €7,650 | €13,633 | +€5,983 | +78.2% |
| Cash at bank and in hand | 54/58 | €124,352 | €103,517 | -€20,835 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,372 | €2,688 | +€1,316 | +95.9% |
| Total equity and liabilities | 10/49 | €156,769 | €142,397 | -€14,372 | -9.2% |
| Equity | 10/15 | €68,134 | €85,474 | +€17,340 | +25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,134 | €80,474 | +€17,340 | +27.5% |
| Amounts payable | 17/49 | €88,636 | €56,923 | -€31,712 | -35.8% |
| Amounts payable within one year | 42/48 | €88,636 | €56,923 | -€31,712 | -35.8% |
| Trade debts | 44 | €45,194 | €23,353 | -€21,841 | -48.3% |
| Suppliers | 440/4 | €45,194 | €23,353 | -€21,841 | -48.3% |
| Taxes, remuneration and social security | 45 | €42,435 | €31,252 | -€11,183 | -26.4% |
| Taxes | 450/3 | €28,855 | €4,532 | -€24,323 | -84.3% |
| Remuneration and social security | 454/9 | €13,580 | €26,721 | +€13,140 | +96.8% |
| Other amounts payable | 47/48 | €1,007 | €2,318 | +€1,311 | +130.2% |
| Remuneration, social security and pensions | 62 | €232,120 | €235,066 | +€2,946 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,205 | €3,872 | +€2,667 | +221.4% |
| Other operating charges | 640/8 | €4,803 | €5,942 | +€1,140 | +23.7% |
| Gross operating margin | 9900 | €289,951 | €271,334 | -€18,617 | -6.4% |
| Operating profit (loss) | 9901 | €51,824 | €26,454 | -€25,370 | -49.0% |
| Financial income | 75/76B | €0 | €143 | +€143 | |
| Recurring financial income | 75 | €0 | €143 | +€143 | |
| Financial charges | 65/66B | €2,531 | €2,876 | +€345 | +13.6% |
| Recurring financial charges | 65 | €2,531 | €2,876 | +€345 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €49,293 | €23,721 | -€25,572 | -51.9% |
| Income taxes | 67/77 | €10,496 | €6,381 | -€4,115 | -39.2% |
| Profit (loss) for the period | 9904 | €38,797 | €17,340 | -€21,457 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,797 | €17,340 | -€21,457 | -55.3% |
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 3 October 2026 via checked.be.