GLIM Belgium: 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.
GLIM Belgium
Largest movements
- Cash +€118,566
up €118,566 (+59.9%), from €197,799 to €316,365
mainly Other debts (+€146,210) and Net result for the year (+€135,541)
- Tangible fixed assets -€47,478
down €47,478 (-5.2%), from €909,644 to €862,166
of which Land and buildings: -€32,166
- Receivables within one year +€17,237
up €17,237 (+49.4%), from €34,859 to €52,096
of which Other amounts receivable: +€19,114
- Other debts +€146,210
up €146,210 (+3,858%), from €3,790 to €150,000
- Debts after one year -€47,345
down €47,345 (-8.5%), from €558,796 to €511,450
- Reserves -€14,459
down €14,459 (-2.8%), from €517,657 to €503,198
- Gross operating margin +€36,598
up €36,598 (+17.8%), from €205,989 to €242,586
- Taxes +€9,576
up €9,576 (+30.6%), from €31,310 to €40,886
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 | €1,161,880 | €1,249,126 | +€87,246 | +7.5% |
| Fixed assets | 21/28 | €928,144 | €880,666 | -€47,478 | -5.1% |
| Tangible fixed assets | 22/27 | €909,644 | €862,166 | -€47,478 | -5.2% |
| Land and buildings | 22 | €674,780 | €642,614 | -€32,166 | -4.8% |
| Furniture and vehicles | 24 | €20,553 | €15,446 | -€5,107 | -24.8% |
| Other tangible fixed assets | 26 | €214,312 | €204,106 | -€10,205 | -4.8% |
| Financial fixed assets | 28 | €18,500 | €18,500 | = | 0.0% |
| Current assets | 29/58 | €233,736 | €368,460 | +€134,724 | +57.6% |
| Amounts receivable within one year | 40/41 | €34,859 | €52,096 | +€17,237 | +49.4% |
| Trade receivables | 40 | €34,859 | €32,982 | -€1,877 | -5.4% |
| Other amounts receivable | 41 | €0 | €19,114 | +€19,114 | |
| Cash at bank and in hand | 54/58 | €197,799 | €316,365 | +€118,566 | +59.9% |
| Deferred charges and accrued income | 490/1 | €1,079 | €0 | -€1,079 | -100% |
| Total equity and liabilities | 10/49 | €1,161,880 | €1,249,126 | +€87,246 | +7.5% |
| Equity | 10/15 | €536,257 | €521,798 | -€14,459 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €517,657 | €503,198 | -€14,459 | -2.8% |
| Distributable reserves | 133 | €517,657 | €503,198 | -€14,459 | -2.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €625,624 | €727,329 | +€101,705 | +16.3% |
| Amounts payable after more than one year | 17 | €558,796 | €511,450 | -€47,345 | -8.5% |
| Financial debts | 170/4 | €558,796 | €511,450 | -€47,345 | -8.5% |
| Amounts payable within one year | 42/48 | €66,828 | €215,878 | +€149,050 | +223% |
| Current portion of amounts payable after more than one year | 42 | €46,473 | €47,345 | +€872 | +1.9% |
| Trade debts | 44 | €1,171 | €2,845 | +€1,674 | +143% |
| Suppliers | 440/4 | €1,171 | €2,845 | +€1,674 | +143% |
| Taxes, remuneration and social security | 45 | €15,394 | €15,688 | +€294 | +1.9% |
| Taxes | 450/3 | €15,394 | €15,688 | +€294 | +1.9% |
| Other amounts payable | 47/48 | €3,790 | €150,000 | +€146,210 | +3,858% |
| Non-recurring operating income | 76A | €843 | €0 | -€843 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,309 | €47,478 | +€169 | +0.4% |
| Other operating charges | 640/8 | €6,553 | €7,574 | +€1,021 | +15.6% |
| Gross operating margin | 9900 | €205,989 | €242,586 | +€36,598 | +17.8% |
| Operating profit (loss) | 9901 | €152,126 | €187,534 | +€35,408 | +23.3% |
| Financial charges | 65/66B | €11,780 | €11,107 | -€673 | -5.7% |
| Recurring financial charges | 65 | €11,780 | €11,107 | -€673 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €140,347 | €176,427 | +€36,081 | +25.7% |
| Income taxes | 67/77 | €31,310 | €40,886 | +€9,576 | +30.6% |
| Profit (loss) for the period | 9904 | €109,036 | €135,541 | +€26,505 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,036 | €135,541 | +€26,505 | +24.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.