GLISO: 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.
GLISO
Largest movements
- Tangible fixed assets +€26,310
up €26,310 (+384.4%), from €6,844 to €33,154
of which Leasing and similar rights: +€29,134
- Cash +€20,174
up €20,174 (+232.5%), from €8,675 to €28,849
mainly Debts after one year (+€23,111) and Net result for the year (+€7,771)
- Stocks and contracts -€6,419
no longer reported in 2025 (was €6,419)
- Receivables within one year -€3,403
down €3,403 (-50.5%), from €6,739 to €3,337
of which Other amounts receivable: -€5,353
- Debts after one year +€23,111
new in 2025: €23,111
- Reserves +€7,771
up €7,771 (+109.4%), from €7,102 to €14,873
- Current portion of long-term debt +€4,758
up €4,758 (+370.1%), from €1,285 to €6,043
- Gross operating margin +€15,324
up €15,324 (+1171.9%), from €1,308 to €16,632
- Depreciation +€2,873
up €2,873 (+98.9%), from €2,906 to €5,779
- Taxes +€1,252
new in 2025: €1,252
- Financial charges +€538
up €538 (+222.3%), from €242 to €780
- Other operating charges +€278
up €278 (+35.9%), from €773 to €1,050
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 | €29,511 | €65,594 | +€36,083 | +122.3% |
| Fixed assets | 21/28 | €6,844 | €33,154 | +€26,310 | +384.4% |
| Tangible fixed assets | 22/27 | €6,844 | €33,154 | +€26,310 | +384.4% |
| Plant, machinery and equipment | 23 | €1,899 | €753 | -€1,146 | -60.3% |
| Furniture and vehicles | 24 | €4,945 | €3,266 | -€1,679 | -34.0% |
| Leasing and similar rights | 25 | - | €29,134 | +€29,134 | |
| Current assets | 29/58 | €22,667 | €32,440 | +€9,773 | +43.1% |
| Stocks and contracts in progress | 3 | €6,419 | - | -€6,419 | |
| Stocks | 30/36 | €6,419 | - | -€6,419 | |
| Amounts receivable within one year | 40/41 | €6,739 | €3,337 | -€3,403 | -50.5% |
| Trade receivables | 40 | - | €1,950 | +€1,950 | |
| Other amounts receivable | 41 | €6,739 | €1,387 | -€5,353 | -79.4% |
| Current investments | 50/53 | €193 | €193 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,675 | €28,849 | +€20,174 | +232.5% |
| Deferred charges and accrued income | 490/1 | €640 | €61 | -€579 | -90.5% |
| Total equity and liabilities | 10/49 | €29,511 | €65,594 | +€36,083 | +122.3% |
| Equity | 10/15 | €27,475 | €35,246 | +€7,771 | +28.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,102 | €14,873 | +€7,771 | +109.4% |
| Distributable reserves | 133 | €7,102 | €14,873 | +€7,771 | +109.4% |
| Profit (loss) carried forward | 14 | €1,781 | €1,781 | = | 0.0% |
| Amounts payable | 17/49 | €2,036 | €30,348 | +€28,312 | +1390.8% |
| Amounts payable after more than one year | 17 | - | €23,111 | +€23,111 | |
| Financial debts | 170/4 | - | €23,111 | +€23,111 | |
| Amounts payable within one year | 42/48 | €2,036 | €7,237 | +€5,201 | +255.5% |
| Current portion of amounts payable after more than one year | 42 | €1,285 | €6,043 | +€4,758 | +370.1% |
| Trade debts | 44 | €750 | €891 | +€141 | +18.8% |
| Suppliers | 440/4 | €750 | €891 | +€141 | +18.8% |
| Taxes, remuneration and social security | 45 | - | €6 | +€6 | |
| Taxes | 450/3 | - | €6 | +€6 | |
| Other amounts payable | 47/48 | - | €296 | +€296 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,906 | €5,779 | +€2,873 | +98.9% |
| Other operating charges | 640/8 | €773 | €1,050 | +€278 | +35.9% |
| Gross operating margin | 9900 | €1,308 | €16,632 | +€15,324 | +1171.9% |
| Operating profit (loss) | 9901 | -€2,371 | €9,803 | +€12,173 | |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €242 | €780 | +€538 | +222.3% |
| Recurring financial charges | 65 | €242 | €780 | +€538 | +222.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,551 | €9,022 | +€11,573 | |
| Income taxes | 67/77 | - | €1,252 | +€1,252 | |
| Profit (loss) for the period | 9904 | -€2,551 | €7,771 | +€10,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,551 | €7,771 | +€10,321 |
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 12 October 2026 via checked.be.