GLR Consulting: 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.
GLR Consulting
Largest movements
- Receivables within one year +€9,487
up €9,487 (+110%), from €8,644 to €18,131
of which Trade receivables: +€6,900
- Tangible fixed assets -€4,828
down €4,828 (-22.5%), from €21,415 to €16,587
- Cash +€4,703
up €4,703 (+143%), from €3,278 to €7,981
mainly Net result for the year (+€44,387) and Other debts (+€17,133)
- Other debts +€17,133
up €17,133 (+151%), from €11,310 to €28,444
- Debts after one year -€3,936
down €3,936 (-65.8%), from €5,980 to €2,043
- Tax, wage and social debts -€3,750
no longer reported in 2025 (was €3,750)
- Profit (loss) carried forward -€613
down €613 (-9.7%), from €6,311 to €5,697
- Current portion of long-term debt +€450
up €450 (+12.9%), from €3,486 to €3,936
- Gross operating margin +€36,073
up €36,073 (+126%), from €28,520 to €64,593
- Taxes +€11,583
up €11,583 (+9,049%), from €128 to €11,711
- Financial charges +€991
up €991 (+218%), from €454 to €1,444
of which Non-recurring financial charges: +€728
- Depreciation -€666
down €666 (-9.6%), from €6,975 to €6,309
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 | €33,337 | €42,972 | +€9,635 | +28.9% |
| Fixed assets | 21/28 | €21,415 | €16,587 | -€4,828 | -22.5% |
| Tangible fixed assets | 22/27 | €21,415 | €16,587 | -€4,828 | -22.5% |
| Furniture and vehicles | 24 | €21,415 | €16,587 | -€4,828 | -22.5% |
| Current assets | 29/58 | €11,922 | €26,385 | +€14,464 | +121% |
| Amounts receivable within one year | 40/41 | €8,644 | €18,131 | +€9,487 | +110% |
| Trade receivables | 40 | €5,520 | €12,420 | +€6,900 | +125% |
| Other amounts receivable | 41 | €3,124 | €5,711 | +€2,587 | +82.8% |
| Cash at bank and in hand | 54/58 | €3,278 | €7,981 | +€4,703 | +143% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €33,337 | €42,972 | +€9,635 | +28.9% |
| Equity | 10/15 | €8,811 | €8,197 | -€613 | -7.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,311 | €5,697 | -€613 | -9.7% |
| Amounts payable | 17/49 | €24,526 | €34,775 | +€10,249 | +41.8% |
| Amounts payable after more than one year | 17 | €5,980 | €2,043 | -€3,936 | -65.8% |
| Financial debts | 170/4 | €5,980 | €2,043 | -€3,936 | -65.8% |
| Amounts payable within one year | 42/48 | €18,547 | €32,731 | +€14,185 | +76.5% |
| Current portion of amounts payable after more than one year | 42 | €3,486 | €3,936 | +€450 | +12.9% |
| Trade debts | 44 | - | €351 | +€351 | |
| Suppliers | 440/4 | - | €351 | +€351 | |
| Taxes, remuneration and social security | 45 | €3,750 | - | -€3,750 | |
| Taxes | 450/3 | €3,750 | - | -€3,750 | |
| Other amounts payable | 47/48 | €11,310 | €28,444 | +€17,133 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,975 | €6,309 | -€666 | -9.6% |
| Other operating charges | 640/8 | €682 | €701 | +€18 | +2.7% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €28,520 | €64,593 | +€36,073 | +126% |
| Operating profit (loss) | 9901 | €20,862 | €57,520 | +€36,658 | +176% |
| Financial income | 75/76B | €34 | €22 | -€12 | -35.3% |
| Recurring financial income | 75 | €34 | €22 | -€12 | -35.3% |
| Financial charges | 65/66B | €454 | €1,444 | +€991 | +218% |
| Recurring financial charges | 65 | €454 | €717 | +€263 | +57.9% |
| Non-recurring financial charges | 66B | - | €728 | +€728 | |
| Profit (loss) for the period before taxes | 9903 | €20,442 | €56,098 | +€35,655 | +174% |
| Income taxes | 67/77 | €128 | €11,711 | +€11,583 | +9,049% |
| Profit (loss) for the period | 9904 | €20,314 | €44,387 | +€24,072 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €20,314 | €44,387 | +€24,072 | +118% |
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 21 October 2026 via checked.be.