GLIN: 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.
GLIN
Largest movements
- Receivables within one year +€873
up €873 (+194.8%), from €448 to €1,320
of which Trade receivables: +€873
- Profit (loss) carried forward +€21,063
up €21,063 (+12.0%), from -€175,089 to -€154,026
- Trade debts -€8,674
down €8,674 (-69.9%), from €12,401 to €3,727
- Current portion of long-term debt -€5,743
down €5,743 (-100.0%), from €5,743 to €0
- Tax, wage and social debts -€4,294
down €4,294 (-24.0%), from €17,898 to €13,603
of which Remuneration and social security: -€3,698
- Accrued charges and deferred income -€1,984
down €1,984 (-77.3%), from €2,567 to €583
- Staff costs +€22,727
up €22,727 (+20.7%), from €109,574 to €132,301
- Gross operating margin +€22,722
up €22,722 (+16.5%), from €137,365 to €160,087
- Financial charges +€3,384
up €3,384 (+141.7%), from €2,388 to €5,772
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 | €30,083 | €31,317 | +€1,234 | +4.1% |
| Fixed assets | 21/28 | €6,859 | €7,168 | +€309 | +4.5% |
| Tangible fixed assets | 22/27 | €1,209 | €1,518 | +€309 | +25.6% |
| Plant, machinery and equipment | 23 | €1,209 | €463 | -€746 | -61.7% |
| Other tangible fixed assets | 26 | €0 | €1,055 | +€1,055 | |
| Financial fixed assets | 28 | €5,650 | €5,650 | = | 0.0% |
| Current assets | 29/58 | €23,224 | €24,149 | +€925 | +4.0% |
| Stocks and contracts in progress | 3 | €4,337 | €4,361 | +€24 | +0.6% |
| Stocks | 30/36 | €4,337 | €4,361 | +€24 | +0.6% |
| Amounts receivable within one year | 40/41 | €448 | €1,320 | +€873 | +194.8% |
| Trade receivables | 40 | €434 | €1,307 | +€873 | +201.4% |
| Other amounts receivable | 41 | €14 | €13 | -€1 | -5.9% |
| Cash at bank and in hand | 54/58 | €16,004 | €15,881 | -€122 | -0.8% |
| Deferred charges and accrued income | 490/1 | €2,436 | €2,586 | +€150 | +6.2% |
| Total equity and liabilities | 10/49 | €30,083 | €31,317 | +€1,234 | +4.1% |
| Equity | 10/15 | -€168,889 | -€147,826 | +€21,063 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,089 | -€154,026 | +€21,063 | +12.0% |
| Amounts payable | 17/49 | €198,972 | €179,143 | -€19,829 | -10.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €196,405 | €178,560 | -€17,845 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €5,743 | €0 | -€5,743 | -100.0% |
| Trade debts | 44 | €12,401 | €3,727 | -€8,674 | -69.9% |
| Suppliers | 440/4 | €12,401 | €3,727 | -€8,674 | -69.9% |
| Taxes, remuneration and social security | 45 | €17,898 | €13,603 | -€4,294 | -24.0% |
| Taxes | 450/3 | €4,414 | €3,817 | -€596 | -13.5% |
| Remuneration and social security | 454/9 | €13,484 | €9,786 | -€3,698 | -27.4% |
| Other amounts payable | 47/48 | €160,363 | €161,229 | +€866 | +0.5% |
| Accrued charges and deferred income | 492/3 | €2,567 | €583 | -€1,984 | -77.3% |
| Remuneration, social security and pensions | 62 | €109,574 | €132,301 | +€22,727 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,362 | €841 | -€1,521 | -64.4% |
| Other operating charges | 640/8 | €623 | €640 | +€16 | +2.6% |
| Gross operating margin | 9900 | €137,365 | €160,087 | +€22,722 | +16.5% |
| Operating profit (loss) | 9901 | €24,806 | €26,306 | +€1,500 | +6.0% |
| Financial income | 75/76B | €336 | €529 | +€193 | +57.5% |
| Recurring financial income | 75 | €336 | €529 | +€193 | +57.5% |
| Financial charges | 65/66B | €2,388 | €5,772 | +€3,384 | +141.7% |
| Recurring financial charges | 65 | €2,388 | €5,772 | +€3,384 | +141.7% |
| Profit (loss) for the period before taxes | 9903 | €22,754 | €21,063 | -€1,691 | -7.4% |
| Profit (loss) for the period | 9904 | €22,754 | €21,063 | -€1,691 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,754 | €21,063 | -€1,691 | -7.4% |
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 10 October 2026 via checked.be.