GLT ASSOCIÉS: what changed
GLT ASSOCIÉS
Largest movements
- Cash -€1,005
down €1,005 (-49.8%), from €2,020 to €1,015
mainly Debts after one year (-€3,016) and Tax, wage and social debts (-€2,454)
- Other debts +€3,852
up €3,852 (+21.7%), from €17,722 to €21,574
- Debts after one year -€3,016
down €3,016 (-5.3%), from €57,135 to €54,118
- Tax, wage and social debts -€2,454
down €2,454 (-71.7%), from €3,424 to €970
- Trade debts +€1,290
up €1,290 (+808%), from €160 to €1,450
- Financial charges +€1,702
up €1,702 (+167%), from €1,021 to €2,723
- Gross operating margin -€1,336
down €1,336 (-27.0%), from €4,944 to €3,608
- Taxes -€612
down €612 (-77.4%), from €791 to €179
- Other operating charges +€399
up €399 (+50.6%), from €790 to €1,190
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,191 | €95,331 | -€860 | -0.9% |
| Fixed assets | 21/28 | €91,321 | €91,133 | -€188 | -0.2% |
| Tangible fixed assets | 22/27 | €88,481 | €88,293 | -€188 | -0.2% |
| Land and buildings | 22 | €88,138 | €88,138 | = | 0.0% |
| Furniture and vehicles | 24 | €343 | €155 | -€188 | -54.9% |
| Financial fixed assets | 28 | €2,840 | €2,840 | = | 0.0% |
| Current assets | 29/58 | €4,869 | €4,198 | -€672 | -13.8% |
| Amounts receivable within one year | 40/41 | €1,331 | €1,063 | -€268 | -20.1% |
| Trade receivables | 40 | €1,019 | - | -€1,019 | |
| Other amounts receivable | 41 | €311 | €1,063 | +€752 | +241% |
| Cash at bank and in hand | 54/58 | €2,020 | €1,015 | -€1,005 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,519 | €2,120 | +€601 | +39.6% |
| Total equity and liabilities | 10/49 | €96,191 | €95,331 | -€860 | -0.9% |
| Equity | 10/15 | €14,884 | €14,212 | -€672 | -4.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,884 | €9,212 | -€672 | -6.8% |
| Amounts payable | 17/49 | €81,306 | €81,118 | -€188 | -0.2% |
| Amounts payable after more than one year | 17 | €57,135 | €54,118 | -€3,016 | -5.3% |
| Financial debts | 170/4 | €57,135 | €54,118 | -€3,016 | -5.3% |
| Amounts payable within one year | 42/48 | €24,171 | €27,000 | +€2,829 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €2,865 | €3,006 | +€141 | +4.9% |
| Trade debts | 44 | €160 | €1,450 | +€1,290 | +808% |
| Suppliers | 440/4 | €160 | €1,450 | +€1,290 | +808% |
| Taxes, remuneration and social security | 45 | €3,424 | €970 | -€2,454 | -71.7% |
| Taxes | 450/3 | €3,424 | €970 | -€2,454 | -71.7% |
| Other amounts payable | 47/48 | €17,722 | €21,574 | +€3,852 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188 | €188 | = | 0.0% |
| Other operating charges | 640/8 | €790 | €1,190 | +€399 | +50.6% |
| Gross operating margin | 9900 | €4,944 | €3,608 | -€1,336 | -27.0% |
| Operating profit (loss) | 9901 | €3,965 | €2,230 | -€1,735 | -43.8% |
| Financial charges | 65/66B | €1,021 | €2,723 | +€1,702 | +167% |
| Recurring financial charges | 65 | €1,021 | €2,723 | +€1,702 | +167% |
| Profit (loss) for the period before taxes | 9903 | €2,944 | -€493 | -€3,437 | |
| Income taxes | 67/77 | €791 | €179 | -€612 | -77.4% |
| Profit (loss) for the period | 9904 | €2,153 | -€672 | -€2,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,153 | -€672 | -€2,825 |
Next steps
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.