GLJ Invest: what changed
What changed
GLJ Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€54,828
2024 · -€86,636+€31,808
Equity
-€139,464
2024 · -€84,636-€54,828
Cash
€697
2024 · €521+€176
Balance sheet total
€1.2m
2024 · €370,505+€817,331
Largest movements
Assets
- Tangible fixed assets +€824,349
up €824,349 (+265%), from €311,658 to €1.1m
of which Land and buildings: +€715,290
Equity and liabilities
- Debts after one year +€625,348
up €625,348 (+252%), from €247,673 to €873,021
- Trade debts +€105,491
new in 2025: €105,491
- Other debts +€92,018
up €92,018 (+48.8%), from €188,532 to €280,550
- Profit (loss) carried forward -€54,828
down €54,828 (-63.3%), from -€86,636 to -€141,464
- Current portion of long-term debt +€49,302
up €49,302 (+260%), from €18,936 to €68,238
Income statement
- Gross operating margin +€115,468
up €115,468, from -€12,944 to €102,524
- Depreciation +€70,313
up €70,313 (+108%), from €65,016 to €135,329
- Financial charges +€13,734
up €13,734 (+192%), from €7,167 to €20,901
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€86,636
Gross operating margin
+€115,468
Depreciation
-€70,313
Other operating charges
+€201
Financial income
+€186
Financial charges
-€13,734
Result 2025
-€54,828
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€285,204
Investment
-€959,678
Financing
+€674,650
Cash 2024
€521
From operations (derived)
+€285,204
Net result for the year
-€54,828
Depreciation
+€135,329
Deferred charges and accrued income
+€7,194
Trade debts
+€105,491
Other debts
+€92,018
Investment (derived)
-€959,678
Investment in fixed assets (net)
-€959,678
Financing
+€674,650
Debts after one year
+€625,348
Current portion of long-term debt
+€49,302
Cash 2025
€697
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,505 | €1,187,836 | +€817,331 | +221% |
| Fixed assets | 21/28 | €311,658 | €1,136,007 | +€824,349 | +265% |
| Tangible fixed assets | 22/27 | €311,658 | €1,136,007 | +€824,349 | +265% |
| Land and buildings | 22 | €269,624 | €984,914 | +€715,290 | +265% |
| Furniture and vehicles | 24 | - | €29,778 | +€29,778 | |
| Other tangible fixed assets | 26 | €42,034 | €121,315 | +€79,281 | +189% |
| Current assets | 29/58 | €58,847 | €51,829 | -€7,018 | -11.9% |
| Cash at bank and in hand | 54/58 | €521 | €697 | +€176 | +33.8% |
| Deferred charges and accrued income | 490/1 | €58,326 | €51,132 | -€7,194 | -12.3% |
| Total equity and liabilities | 10/49 | €370,505 | €1,187,836 | +€817,331 | +221% |
| Equity | 10/15 | -€84,636 | -€139,464 | -€54,828 | -64.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,636 | -€141,464 | -€54,828 | -63.3% |
| Amounts payable | 17/49 | €455,141 | €1,327,300 | +€872,159 | +192% |
| Amounts payable after more than one year | 17 | €247,673 | €873,021 | +€625,348 | +252% |
| Financial debts | 170/4 | €247,673 | €873,021 | +€625,348 | +252% |
| Amounts payable within one year | 42/48 | €207,468 | €454,279 | +€246,811 | +119% |
| Current portion of amounts payable after more than one year | 42 | €18,936 | €68,238 | +€49,302 | +260% |
| Trade debts | 44 | - | €105,491 | +€105,491 | |
| Suppliers | 440/4 | - | €105,491 | +€105,491 | |
| Other amounts payable | 47/48 | €188,532 | €280,550 | +€92,018 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,016 | €135,329 | +€70,313 | +108% |
| Other operating charges | 640/8 | €1,509 | €1,308 | -€201 | -13.3% |
| Gross operating margin | 9900 | -€12,944 | €102,524 | +€115,468 | |
| Operating profit (loss) | 9901 | -€79,469 | -€34,113 | +€45,356 | +57.1% |
| Financial income | 75/76B | - | €186 | +€186 | |
| Recurring financial income | 75 | - | €186 | +€186 | |
| Financial charges | 65/66B | €7,167 | €20,901 | +€13,734 | +192% |
| Recurring financial charges | 65 | €7,167 | €20,901 | +€13,734 | +192% |
| Profit (loss) for the period before taxes | 9903 | -€86,636 | -€54,828 | +€31,808 | +36.7% |
| Profit (loss) for the period | 9904 | -€86,636 | -€54,828 | +€31,808 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,636 | -€54,828 | +€31,808 | +36.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.