GLLT: 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.
GLLT
Largest movements
- Cash +€176,184
up €176,184 (+228%), from €77,170 to €253,353
mainly Net result for the year (+€160,451) and Trade debts (+€86,465)
- Tangible fixed assets +€61,682
up €61,682 (+43.1%), from €143,012 to €204,694
of which Furniture and vehicles: +€62,392
- Receivables after one year +€40,624
new in 2025: €40,624
- Current investments +€11,100
new in 2025: €11,100
- Reserves +€160,451
up €160,451 (+87.1%), from €184,244 to €344,695
- Trade debts +€86,465
up €86,465 (+806%), from €10,730 to €97,195
- Tax, wage and social debts +€29,163
up €29,163 (+30.5%), from €95,626 to €124,788
- Other debts +€21,872
new in 2025: €21,872
- Debts after one year -€20,370
down €20,370 (-66.0%), from €30,845 to €10,475
- Gross operating margin -€13,682
down €13,682 (-4.9%), from €279,451 to €265,769
- Depreciation +€7,707
up €7,707 (+66.0%), from €11,671 to €19,377
- Other operating charges +€7,222
up €7,222 (+564%), from €1,280 to €8,502
- Taxes -€6,504
down €6,504 (-8.1%), from €80,779 to €74,275
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.
Derived cash bridge
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 | €346,063 | €625,947 | +€279,885 | +80.9% |
| Fixed assets | 21/28 | €143,012 | €204,694 | +€61,682 | +43.1% |
| Tangible fixed assets | 22/27 | €143,012 | €204,694 | +€61,682 | +43.1% |
| Land and buildings | 22 | €6,464 | €5,754 | -€710 | -11.0% |
| Furniture and vehicles | 24 | €136,548 | €198,940 | +€62,392 | +45.7% |
| Current assets | 29/58 | €203,050 | €421,253 | +€218,203 | +107% |
| Amounts receivable after more than one year | 29 | - | €40,624 | +€40,624 | |
| Other amounts receivable | 291 | - | €40,624 | +€40,624 | |
| Amounts receivable within one year | 40/41 | €118,601 | €113,308 | -€5,292 | -4.5% |
| Trade receivables | 40 | €113,283 | €113,308 | +€25 | 0.0% |
| Other amounts receivable | 41 | €5,317 | €0 | -€5,317 | -100% |
| Current investments | 50/53 | - | €11,100 | +€11,100 | |
| Cash at bank and in hand | 54/58 | €77,170 | €253,353 | +€176,184 | +228% |
| Deferred charges and accrued income | 490/1 | €7,280 | €2,868 | -€4,412 | -60.6% |
| Total equity and liabilities | 10/49 | €346,063 | €625,947 | +€279,885 | +80.9% |
| Equity | 10/15 | €189,244 | €349,695 | +€160,451 | +84.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €184,244 | €344,695 | +€160,451 | +87.1% |
| Distributable reserves | 133 | €184,244 | €344,695 | +€160,451 | +87.1% |
| Amounts payable | 17/49 | €156,819 | €276,253 | +€119,434 | +76.2% |
| Amounts payable after more than one year | 17 | €30,845 | €10,475 | -€20,370 | -66.0% |
| Financial debts | 170/4 | €30,845 | €10,475 | -€20,370 | -66.0% |
| Amounts payable within one year | 42/48 | €125,974 | €264,224 | +€138,250 | +110% |
| Current portion of amounts payable after more than one year | 42 | €19,619 | €20,370 | +€751 | +3.8% |
| Trade debts | 44 | €10,730 | €97,195 | +€86,465 | +806% |
| Suppliers | 440/4 | €10,730 | €97,195 | +€86,465 | +806% |
| Taxes, remuneration and social security | 45 | €95,626 | €124,788 | +€29,163 | +30.5% |
| Taxes | 450/3 | €95,626 | €124,788 | +€29,163 | +30.5% |
| Other amounts payable | 47/48 | - | €21,872 | +€21,872 | |
| Accrued charges and deferred income | 492/3 | - | €1,553 | +€1,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,671 | €19,377 | +€7,707 | +66.0% |
| Other operating charges | 640/8 | €1,280 | €8,502 | +€7,222 | +564% |
| Gross operating margin | 9900 | €279,451 | €265,769 | -€13,682 | -4.9% |
| Operating profit (loss) | 9901 | €266,500 | €237,890 | -€28,610 | -10.7% |
| Financial income | 75/76B | €44 | €624 | +€580 | +1,310% |
| Recurring financial income | 75 | €44 | €624 | +€580 | +1,310% |
| Financial charges | 65/66B | €1,521 | €3,787 | +€2,266 | +149% |
| Recurring financial charges | 65 | €1,521 | €3,787 | +€2,266 | +149% |
| Profit (loss) for the period before taxes | 9903 | €265,023 | €234,726 | -€30,297 | -11.4% |
| Income taxes | 67/77 | €80,779 | €74,275 | -€6,504 | -8.1% |
| Profit (loss) for the period | 9904 | €184,244 | €160,451 | -€23,793 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €184,244 | €160,451 | -€23,793 | -12.9% |
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 24 October 2026 via checked.be.