GLL: what changed
Two fiscal 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.
GLL
Largest movements
- Cash -€89,602
down €89,602 (-79.2%), from €113,120 to €23,518
mainly Contributions, distributions and other (-€83,183) and Other debts (-€41,419)
- Tangible fixed assets -€10,917
down €10,917 (-21.6%), from €50,646 to €39,730
of which Furniture and vehicles: -€13,113
- Receivables within one year +€4,966
up €4,966 (+40.9%), from €12,137 to €17,103
of which Other amounts receivable: +€2,545
- Reserves -€54,687
down €54,687 (-100.0%), from €54,687 to €0
- Other debts -€41,419
down €41,419 (-41.7%), from €99,272 to €57,853
- Gross operating margin -€5,292
down €5,292 (-9.1%), from €57,869 to €52,577
- Taxes -€1,192
down €1,192 (-13.7%), from €8,714 to €7,522
- Depreciation +€768
up €768 (+5.8%), from €13,208 to €13,976
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 | €177,981 | €82,521 | -€95,459 | -53.6% |
| Fixed assets | 21/28 | €50,646 | €39,730 | -€10,917 | -21.6% |
| Tangible fixed assets | 22/27 | €50,646 | €39,730 | -€10,917 | -21.6% |
| Plant, machinery and equipment | 23 | €1,775 | €3,972 | +€2,196 | +123.7% |
| Furniture and vehicles | 24 | €48,871 | €35,758 | -€13,113 | -26.8% |
| Current assets | 29/58 | €127,334 | €42,792 | -€84,543 | -66.4% |
| Amounts receivable within one year | 40/41 | €12,137 | €17,103 | +€4,966 | +40.9% |
| Trade receivables | 40 | €10,851 | €13,273 | +€2,421 | +22.3% |
| Other amounts receivable | 41 | €1,286 | €3,831 | +€2,545 | +197.8% |
| Cash at bank and in hand | 54/58 | €113,120 | €23,518 | -€89,602 | -79.2% |
| Deferred charges and accrued income | 490/1 | €2,077 | €2,170 | +€93 | +4.5% |
| Total equity and liabilities | 10/49 | €177,981 | €82,521 | -€95,459 | -53.6% |
| Equity | 10/15 | €73,287 | €18,600 | -€54,687 | -74.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,687 | €0 | -€54,687 | -100.0% |
| Distributable reserves | 133 | €54,687 | €0 | -€54,687 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,694 | €63,921 | -€40,773 | -38.9% |
| Amounts payable within one year | 42/48 | €102,797 | €62,114 | -€40,684 | -39.6% |
| Trade debts | 44 | €186 | €1,915 | +€1,729 | +927.6% |
| Suppliers | 440/4 | €186 | €1,915 | +€1,729 | +927.6% |
| Taxes, remuneration and social security | 45 | €3,339 | €2,346 | -€993 | -29.7% |
| Taxes | 450/3 | €3,339 | €2,346 | -€993 | -29.7% |
| Other amounts payable | 47/48 | €99,272 | €57,853 | -€41,419 | -41.7% |
| Accrued charges and deferred income | 492/3 | €1,897 | €1,808 | -€89 | -4.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,208 | €13,976 | +€768 | +5.8% |
| Other operating charges | 640/8 | €898 | €920 | +€22 | +2.4% |
| Gross operating margin | 9900 | €57,869 | €52,577 | -€5,292 | -9.1% |
| Operating profit (loss) | 9901 | €43,763 | €37,681 | -€6,082 | -13.9% |
| Financial income | 75/76B | €0 | €222 | +€222 | |
| Recurring financial income | 75 | €0 | €222 | +€222 | |
| Financial charges | 65/66B | €1,966 | €1,885 | -€80 | -4.1% |
| Recurring financial charges | 65 | €1,966 | €1,885 | -€80 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €41,798 | €36,018 | -€5,780 | -13.8% |
| Income taxes | 67/77 | €8,714 | €7,522 | -€1,192 | -13.7% |
| Profit (loss) for the period | 9904 | €33,084 | €28,496 | -€4,588 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,084 | €28,496 | -€4,588 | -13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.