GLP CONSULT: 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.
GLP CONSULT
Largest movements
- Tangible fixed assets +€53,752
up €53,752 (+9.8%), from €545,956 to €599,708
of which Land and buildings: +€57,870
- Cash -€14,678
down €14,678 (-52.4%), from €27,997 to €13,319
mainly Investment in fixed assets (net) (-€74,000) and Contributions, distributions and other (-€23,947)
- Receivables within one year -€9,413
down €9,413 (-42.0%), from €22,416 to €13,003
of which Other amounts receivable: -€21,730
- Reserves +€30,925
up €30,925 (+12.7%), from €243,911 to €274,835
- Debts after one year -€22,041
down €22,041 (-6.4%), from €343,129 to €321,089
- Other debts +€21,273
up €21,273 (+90.3%), from €23,566 to €44,839
- Trade debts -€16,337
down €16,337 (-79.8%), from €20,480 to €4,143
- Short-term financial debts +€15,787
up €15,787 (+57.3%), from €27,563 to €43,351
- Depreciation +€10,117
up €10,117 (+104.5%), from €9,682 to €19,798
- Gross operating margin +€9,395
up €9,395 (+9.0%), from €104,866 to €114,261
- Financial charges +€4,948
up €4,948 (+70.8%), from €6,988 to €11,936
- Other operating charges +€2,549
up €2,549 (+177.4%), from €1,437 to €3,986
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 | €685,223 | €712,295 | +€27,072 | +4.0% |
| Fixed assets | 21/28 | €546,276 | €600,478 | +€54,202 | +9.9% |
| Tangible fixed assets | 22/27 | €545,956 | €599,708 | +€53,752 | +9.8% |
| Land and buildings | 22 | €485,396 | €543,266 | +€57,870 | +11.9% |
| Plant, machinery and equipment | 23 | €2,256 | €1,587 | -€669 | -29.7% |
| Furniture and vehicles | 24 | €1,601 | €3,048 | +€1,448 | +90.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €56,703 | €51,807 | -€4,896 | -8.6% |
| Financial fixed assets | 28 | €320 | €770 | +€450 | +140.6% |
| Current assets | 29/58 | €138,947 | €111,818 | -€27,129 | -19.5% |
| Amounts receivable after more than one year | 29 | €4,285 | - | -€4,285 | |
| Other amounts receivable | 291 | €4,285 | - | -€4,285 | |
| Amounts receivable within one year | 40/41 | €22,416 | €13,003 | -€9,413 | -42.0% |
| Trade receivables | 40 | €645 | €12,962 | +€12,317 | +1910.2% |
| Other amounts receivable | 41 | €21,771 | €42 | -€21,730 | -99.8% |
| Current investments | 50/53 | €84,000 | €85,495 | +€1,495 | +1.8% |
| Cash at bank and in hand | 54/58 | €27,997 | €13,319 | -€14,678 | -52.4% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €685,223 | €712,295 | +€27,072 | +4.0% |
| Equity | 10/15 | €243,911 | €274,835 | +€30,925 | +12.7% |
| Reserves | 13 | €243,911 | €274,835 | +€30,925 | +12.7% |
| Distributable reserves | 133 | €243,911 | €274,835 | +€30,925 | +12.7% |
| Amounts payable | 17/49 | €441,312 | €437,460 | -€3,852 | -0.9% |
| Amounts payable after more than one year | 17 | €343,129 | €321,089 | -€22,041 | -6.4% |
| Financial debts | 170/4 | €343,129 | €321,089 | -€22,041 | -6.4% |
| Amounts payable within one year | 42/48 | €97,236 | €115,451 | +€18,215 | +18.7% |
| Financial debts | 43 | €27,563 | €43,351 | +€15,787 | +57.3% |
| Credit institutions | 430/8 | €27,563 | €43,351 | +€15,787 | +57.3% |
| Trade debts | 44 | €20,480 | €4,143 | -€16,337 | -79.8% |
| Suppliers | 440/4 | €20,480 | €4,143 | -€16,337 | -79.8% |
| Taxes, remuneration and social security | 45 | €25,627 | €23,119 | -€2,508 | -9.8% |
| Taxes | 450/3 | €25,627 | €23,119 | -€2,508 | -9.8% |
| Other amounts payable | 47/48 | €23,566 | €44,839 | +€21,273 | +90.3% |
| Accrued charges and deferred income | 492/3 | €947 | €920 | -€27 | -2.8% |
| Non-recurring operating income | 76A | €21,333 | - | -€21,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,682 | €19,798 | +€10,117 | +104.5% |
| Other operating charges | 640/8 | €1,437 | €3,986 | +€2,549 | +177.4% |
| Gross operating margin | 9900 | €104,866 | €114,261 | +€9,395 | +9.0% |
| Operating profit (loss) | 9901 | €93,748 | €90,477 | -€3,270 | -3.5% |
| Financial income | 75/76B | €529 | €95 | -€433 | -82.0% |
| Recurring financial income | 75 | €529 | €95 | -€433 | -82.0% |
| Financial charges | 65/66B | €6,988 | €11,936 | +€4,948 | +70.8% |
| Recurring financial charges | 65 | €6,988 | €11,936 | +€4,948 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €87,288 | €78,637 | -€8,652 | -9.9% |
| Income taxes | 67/77 | €24,846 | €23,765 | -€1,082 | -4.4% |
| Profit (loss) for the period | 9904 | €62,442 | €54,872 | -€7,570 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,442 | €54,872 | -€7,570 | -12.1% |
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 6 October 2026 via checked.be.