GLP Willebroek: what changed
What changed
GLP Willebroek
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €891,065+€226,062
Equity
€4.4m
2024 · €3.3m+€1.1m
Cash
€93,848
2024 · €136,492-€42,644
Balance sheet total
€8.6m
2024 · €7.4m+€1.2m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+27.8%), from €3.9m to €5.0m
of which Other amounts receivable: +€1.1m
- Formation expenses +€363,849
new in 2025: €363,849
- Deferred charges and accrued income -€168,509
down €168,509 (-18.1%), from €930,166 to €761,657
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+68.1%), from €1.6m to €2.6m
Income statement
- Depreciation -€306,667
down €306,667 (-99.8%), from €307,167 to €500
- Financial income +€82,504
up €82,504 (+61.1%), from €135,021 to €217,526
- Taxes +€72,900
up €72,900 (+23.8%), from €306,344 to €379,244
- Gross operating margin -€68,249
down €68,249 (-4.0%), from €1.7m to €1.6m
- Financial charges +€17,934
up €17,934 (+9.0%), from €200,059 to €217,993
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
€891,065
Gross operating margin
-€68,249
Depreciation
+€306,667
Other operating charges
-€4,027
Financial income
+€82,504
Financial charges
-€17,934
Taxes
-€72,900
Result 2025
€1.1m
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
+€247,736
Investment
-€363,849
Financing
+€73,469
Cash 2024
€136,492
From operations (derived)
+€247,736
Net result for the year
+€1.1m
Depreciation
+€500
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€168,509
Trade debts
+€25,961
Tax, wage and social debts
+€59,299
Accrued charges and deferred income
-€26,565
Investment (derived)
-€363,849
Investment in fixed assets (net)
-€363,849
Financing
+€73,469
Debts after one year
+€73,469
Cash 2025
€93,848
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,374,877 | €8,624,168 | +€1.2m | +16.9% |
| Formation expenses | 20 | - | €363,849 | +€363,849 | |
| Fixed assets | 21/28 | €2,367,718 | €2,367,217 | -€500 | 0.0% |
| Tangible fixed assets | 22/27 | €2,367,718 | €2,367,217 | -€500 | 0.0% |
| Land and buildings | 22 | €2,367,718 | €2,367,217 | -€500 | 0.0% |
| Current assets | 29/58 | €5,007,159 | €5,893,102 | +€885,943 | +17.7% |
| Amounts receivable within one year | 40/41 | €3,940,501 | €5,037,597 | +€1.1m | +27.8% |
| Trade receivables | 40 | €575,812 | €614,711 | +€38,899 | +6.8% |
| Other amounts receivable | 41 | €3,364,689 | €4,422,886 | +€1.1m | +31.5% |
| Cash at bank and in hand | 54/58 | €136,492 | €93,848 | -€42,644 | -31.2% |
| Deferred charges and accrued income | 490/1 | €930,166 | €761,657 | -€168,509 | -18.1% |
| Total equity and liabilities | 10/49 | €7,374,877 | €8,624,168 | +€1.2m | +16.9% |
| Equity | 10/15 | €3,321,493 | €4,438,620 | +€1.1m | +33.6% |
| Contributions | 10/11 | €1,681,742 | €1,681,742 | = | 0.0% |
| Capital | 10 | €1,681,742 | €1,681,742 | = | 0.0% |
| Issued capital | 100 | €1,681,742 | €1,681,742 | = | 0.0% |
| Reserves | 13 | €81,988 | €137,844 | +€55,856 | +68.1% |
| Non-distributable reserves | 130/1 | €81,988 | €137,844 | +€55,856 | +68.1% |
| Legal reserve | 130 | €81,988 | €137,844 | +€55,856 | +68.1% |
| Profit (loss) carried forward | 14 | €1,557,763 | €2,619,033 | +€1.1m | +68.1% |
| Amounts payable | 17/49 | €4,053,384 | €4,185,549 | +€132,165 | +3.3% |
| Amounts payable after more than one year | 17 | €3,600,000 | €3,673,469 | +€73,469 | +2.0% |
| Financial debts | 170/4 | €3,600,000 | €3,673,469 | +€73,469 | +2.0% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €235,738 | €320,998 | +€85,260 | +36.2% |
| Trade debts | 44 | €68,094 | €94,055 | +€25,961 | +38.1% |
| Suppliers | 440/4 | €68,094 | €94,055 | +€25,961 | +38.1% |
| Taxes, remuneration and social security | 45 | €167,644 | €226,943 | +€59,299 | +35.4% |
| Taxes | 450/3 | €167,644 | €226,943 | +€59,299 | +35.4% |
| Accrued charges and deferred income | 492/3 | €217,646 | €191,081 | -€26,565 | -12.2% |
| Non-recurring operating income | 76A | €224,800 | €0 | -€224,800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,167 | €500 | -€306,667 | -99.8% |
| Other operating charges | 640/8 | €131,540 | €135,567 | +€4,027 | +3.1% |
| Gross operating margin | 9900 | €1,701,154 | €1,632,906 | -€68,249 | -4.0% |
| Operating profit (loss) | 9901 | €1,262,447 | €1,496,838 | +€234,391 | +18.6% |
| Financial income | 75/76B | €135,021 | €217,526 | +€82,504 | +61.1% |
| Recurring financial income | 75 | €135,021 | €217,526 | +€82,504 | +61.1% |
| Financial charges | 65/66B | €200,059 | €217,993 | +€17,934 | +9.0% |
| Recurring financial charges | 65 | €200,059 | €217,993 | +€17,934 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €1,197,409 | €1,496,371 | +€298,962 | +25.0% |
| Income taxes | 67/77 | €306,344 | €379,244 | +€72,900 | +23.8% |
| Profit (loss) for the period | 9904 | €891,065 | €1,117,127 | +€226,062 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €891,065 | €1,117,127 | +€226,062 | +25.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.