GLMS: 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.
GLMS
Largest movements
- Cash +€12,540
up €12,540 (+28.4%), from €44,214 to €56,753
mainly Net result for the year (+€26,973) and Depreciation (+€357)
- Receivables within one year +€3,003
up €3,003 (+674.8%), from €445 to €3,448
- Reserves +€26,973
up €26,973 (+365.1%), from €7,388 to €34,361
- Tax, wage and social debts -€6,061
down €6,061 (-23.9%), from €25,381 to €19,321
of which Remuneration and social security: -€4,200
- Other debts -€5,032
down €5,032 (-81.5%), from €6,176 to €1,144
- Gross operating margin +€24,550
up €24,550 (+198.2%), from €12,389 to €36,939
- Taxes +€4,507
up €4,507 (+178.5%), from €2,524 to €7,031
- Financial charges +€912
up €912 (+62.7%), from €1,454 to €2,367
- Other operating charges -€620
down €620 (-74.6%), from €832 to €211
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 | €48,167 | €63,481 | +€15,314 | +31.8% |
| Fixed assets | 21/28 | €881 | €524 | -€357 | -40.6% |
| Tangible fixed assets | 22/27 | €881 | €524 | -€357 | -40.6% |
| Furniture and vehicles | 24 | €881 | €524 | -€357 | -40.6% |
| Current assets | 29/58 | €47,285 | €62,957 | +€15,672 | +33.1% |
| Amounts receivable within one year | 40/41 | €445 | €3,448 | +€3,003 | +674.8% |
| Trade receivables | 40 | €445 | €3,448 | +€3,003 | +674.8% |
| Cash at bank and in hand | 54/58 | €44,214 | €56,753 | +€12,540 | +28.4% |
| Deferred charges and accrued income | 490/1 | €2,627 | €2,756 | +€129 | +4.9% |
| Total equity and liabilities | 10/49 | €48,167 | €63,481 | +€15,314 | +31.8% |
| Equity | 10/15 | €15,388 | €42,361 | +€26,973 | +175.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €7,388 | €34,361 | +€26,973 | +365.1% |
| Distributable reserves | 133 | €7,388 | €34,361 | +€26,973 | +365.1% |
| Amounts payable | 17/49 | €32,779 | €21,120 | -€11,659 | -35.6% |
| Amounts payable within one year | 42/48 | €32,332 | €21,120 | -€11,212 | -34.7% |
| Trade debts | 44 | €775 | €656 | -€120 | -15.4% |
| Suppliers | 440/4 | €775 | €656 | -€120 | -15.4% |
| Taxes, remuneration and social security | 45 | €25,381 | €19,321 | -€6,061 | -23.9% |
| Taxes | 450/3 | €21,181 | €19,321 | -€1,861 | -8.8% |
| Remuneration and social security | 454/9 | €4,200 | €0 | -€4,200 | -100.0% |
| Other amounts payable | 47/48 | €6,176 | €1,144 | -€5,032 | -81.5% |
| Accrued charges and deferred income | 492/3 | €447 | €0 | -€447 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €357 | +€167 | +87.3% |
| Other operating charges | 640/8 | €832 | €211 | -€620 | -74.6% |
| Gross operating margin | 9900 | €12,389 | €36,939 | +€24,550 | +198.2% |
| Operating profit (loss) | 9901 | €11,367 | €36,370 | +€25,003 | +220.0% |
| Financial charges | 65/66B | €1,454 | €2,367 | +€912 | +62.7% |
| Recurring financial charges | 65 | €1,454 | €2,367 | +€912 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €9,912 | €34,004 | +€24,091 | +243.0% |
| Income taxes | 67/77 | €2,524 | €7,031 | +€4,507 | +178.5% |
| Profit (loss) for the period | 9904 | €7,388 | €26,973 | +€19,584 | +265.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,388 | €26,973 | +€19,584 | +265.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.