GLT CLEAN: 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.
GLT CLEAN
Largest movements
- Receivables within one year +€8,222
up €8,222 (+18.4%), from €44,760 to €52,982
of which Trade receivables: +€4,247
- Tangible fixed assets -€2,812
down €2,812 (-10.8%), from €26,011 to €23,199
of which Furniture and vehicles: -€2,174
- Cash +€2,695
up €2,695 (+50.0%), from €5,386 to €8,082
mainly Trade debts (+€8,167) and Tax, wage and social debts (+€6,778)
- Trade debts +€8,167
up €8,167 (+59.8%), from €13,655 to €21,821
- Current portion of long-term debt -€7,547
down €7,547 (-75.9%), from €9,939 to €2,392
- Tax, wage and social debts +€6,778
up €6,778 (+46.1%), from €14,688 to €21,467
of which Taxes: +€9,799
- Reserves +€5,800
up €5,800 (+55.5%), from €10,450 to €16,250
- Other debts -€2,576
down €2,576 (-52.6%), from €4,901 to €2,325
- Staff costs +€31,087
up €31,087 (+48.2%), from €64,443 to €95,530
- Gross operating margin +€13,415
up €13,415 (+13.4%), from €100,481 to €113,896
- Depreciation +€1,263
up €1,263 (+38.2%), from €3,311 to €4,574
- Financial charges +€1,245
up €1,245 (+91.1%), from €1,367 to €2,612
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 | €76,158 | €84,262 | +€8,105 | +10.6% |
| Fixed assets | 21/28 | €26,011 | €23,199 | -€2,812 | -10.8% |
| Tangible fixed assets | 22/27 | €26,011 | €23,199 | -€2,812 | -10.8% |
| Land and buildings | 22 | €13,785 | €13,404 | -€381 | -2.8% |
| Plant, machinery and equipment | 23 | €1,919 | €1,663 | -€257 | -13.4% |
| Furniture and vehicles | 24 | €10,307 | €8,133 | -€2,174 | -21.1% |
| Current assets | 29/58 | €50,146 | €61,063 | +€10,917 | +21.8% |
| Amounts receivable within one year | 40/41 | €44,760 | €52,982 | +€8,222 | +18.4% |
| Trade receivables | 40 | €44,760 | €49,007 | +€4,247 | +9.5% |
| Other amounts receivable | 41 | - | €3,975 | +€3,975 | |
| Cash at bank and in hand | 54/58 | €5,386 | €8,082 | +€2,695 | +50.0% |
| Total equity and liabilities | 10/49 | €76,158 | €84,262 | +€8,105 | +10.6% |
| Equity | 10/15 | €30,422 | €36,258 | +€5,836 | +19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,450 | €16,250 | +€5,800 | +55.5% |
| Distributable reserves | 133 | €10,450 | €16,250 | +€5,800 | +55.5% |
| Profit (loss) carried forward | 14 | €1,372 | €1,408 | +€36 | +2.6% |
| Amounts payable | 17/49 | €45,736 | €48,005 | +€2,269 | +5.0% |
| Amounts payable after more than one year | 17 | €2,392 | - | -€2,392 | |
| Financial debts | 170/4 | €2,392 | - | -€2,392 | |
| Amounts payable within one year | 42/48 | €43,344 | €48,005 | +€4,661 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €9,939 | €2,392 | -€7,547 | -75.9% |
| Financial debts | 43 | €161 | - | -€161 | |
| Credit institutions | 430/8 | €161 | - | -€161 | |
| Trade debts | 44 | €13,655 | €21,821 | +€8,167 | +59.8% |
| Suppliers | 440/4 | €13,655 | €21,821 | +€8,167 | +59.8% |
| Taxes, remuneration and social security | 45 | €14,688 | €21,467 | +€6,778 | +46.1% |
| Taxes | 450/3 | €9,628 | €19,427 | +€9,799 | +102% |
| Remuneration and social security | 454/9 | €5,060 | €2,040 | -€3,021 | -59.7% |
| Other amounts payable | 47/48 | €4,901 | €2,325 | -€2,576 | -52.6% |
| Remuneration, social security and pensions | 62 | €64,443 | €95,530 | +€31,087 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,311 | €4,574 | +€1,263 | +38.2% |
| Other operating charges | 640/8 | €1,152 | €1,001 | -€151 | -13.1% |
| Gross operating margin | 9900 | €100,481 | €113,896 | +€13,415 | +13.4% |
| Operating profit (loss) | 9901 | €31,575 | €12,790 | -€18,785 | -59.5% |
| Financial charges | 65/66B | €1,367 | €2,612 | +€1,245 | +91.1% |
| Recurring financial charges | 65 | €1,367 | €2,612 | +€1,245 | +91.1% |
| Profit (loss) for the period before taxes | 9903 | €30,208 | €10,178 | -€20,030 | -66.3% |
| Income taxes | 67/77 | €3,495 | €4,342 | +€847 | +24.2% |
| Profit (loss) for the period | 9904 | €26,713 | €5,836 | -€20,877 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,713 | €5,836 | -€20,877 | -78.2% |
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 16 October 2026 via checked.be.