GLJ: 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.
GLJ
Largest movements
- Receivables within one year -€18,292
down €18,292 (-29.1%), from €62,842 to €44,551
of which Trade receivables: -€12,259
- Tangible fixed assets +€5,064
up €5,064 (+9,365%), from €54 to €5,118
of which Plant, machinery and equipment: +€4,075
- Trade debts -€15,648
down €15,648 (-65.1%), from €24,020 to €8,372
- Tax, wage and social debts +€869
up €869 (+4.4%), from €19,608 to €20,477
of which Taxes: +€3,062
- Gross operating margin +€5,774
up €5,774 (+22.8%), from €25,286 to €31,061
- Other operating charges +€4,389
up €4,389 (+1,075%), from €408 to €4,798
- Taxes +€2,000
new in 2024: €2,000
- Financial charges -€1,210
down €1,210 (-77.3%), from €1,565 to €355
- Staff costs -€1,064
down €1,064 (-4.5%), from €23,414 to €22,350
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,350 | €59,276 | -€14,073 | -19.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €54 | €5,118 | +€5,064 | +9,365% |
| Tangible fixed assets | 22/27 | €54 | €5,118 | +€5,064 | +9,365% |
| Plant, machinery and equipment | 23 | - | €4,075 | +€4,075 | |
| Furniture and vehicles | 24 | €54 | €1,043 | +€989 | +1,829% |
| Current assets | 29/58 | €73,296 | €54,159 | -€19,137 | -26.1% |
| Amounts receivable within one year | 40/41 | €62,842 | €44,551 | -€18,292 | -29.1% |
| Trade receivables | 40 | €55,422 | €43,163 | -€12,259 | -22.1% |
| Other amounts receivable | 41 | €7,421 | €1,388 | -€6,033 | -81.3% |
| Cash at bank and in hand | 54/58 | €8,530 | €8,011 | -€518 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,924 | €1,597 | -€327 | -17.0% |
| Total equity and liabilities | 10/49 | €73,350 | €59,276 | -€14,073 | -19.2% |
| Equity | 10/15 | €29,722 | €30,428 | +€706 | +2.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €36,690 | €36,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,690 | €36,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,028 | -€14,322 | +€706 | +4.7% |
| Amounts payable | 17/49 | €43,627 | €28,848 | -€14,779 | -33.9% |
| Amounts payable within one year | 42/48 | €43,627 | €28,848 | -€14,779 | -33.9% |
| Trade debts | 44 | €24,020 | €8,372 | -€15,648 | -65.1% |
| Suppliers | 440/4 | €24,020 | €8,372 | -€15,648 | -65.1% |
| Taxes, remuneration and social security | 45 | €19,608 | €20,477 | +€869 | +4.4% |
| Taxes | 450/3 | €10,671 | €13,732 | +€3,062 | +28.7% |
| Remuneration and social security | 454/9 | €8,937 | €6,745 | -€2,193 | -24.5% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €23,414 | €22,350 | -€1,064 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €853 | -€90 | -9.5% |
| Other operating charges | 640/8 | €408 | €4,798 | +€4,389 | +1,075% |
| Gross operating margin | 9900 | €25,286 | €31,061 | +€5,774 | +22.8% |
| Operating profit (loss) | 9901 | €521 | €3,060 | +€2,540 | +488% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,565 | €355 | -€1,210 | -77.3% |
| Recurring financial charges | 65 | €1,565 | €355 | -€1,210 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,044 | €2,706 | +€3,750 | |
| Income taxes | 67/77 | - | €2,000 | +€2,000 | |
| Profit (loss) for the period | 9904 | -€1,044 | €706 | +€1,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,044 | €706 | +€1,750 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.