GLT Consult: 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 Consult
Largest movements
- Cash -€48,415
down €48,415 (-42.3%), from €114,381 to €65,966
mainly Net result for the year (-€39,546) and Debts after one year (-€13,233)
- Receivables within one year -€14,163
down €14,163 (-79.0%), from €17,932 to €3,770
of which Trade receivables: -€13,371
- Tangible fixed assets -€13,749
down €13,749 (-22.1%), from €62,094 to €48,345
- Profit (loss) carried forward -€39,546
new in 2025: -€39,546
- Debts after one year -€13,233
down €13,233 (-100.0%), from €13,233 to €0
- Current portion of long-term debt -€12,533
down €12,533 (-53.2%), from €23,579 to €11,046
- Tax, wage and social debts -€3,838
down €3,838 (-81.8%), from €4,691 to €852
- Trade debts -€3,667
down €3,667 (-59.4%), from €6,176 to €2,509
- Gross operating margin -€53,040
down €53,040 (-81.2%), from €65,358 to €12,319
- Write-downs +€33,275
new in 2025: €33,275
- Taxes -€15,208
down €15,208 (-98.5%), from €15,438 to €230
- Depreciation +€7,099
up €7,099 (+106.8%), from €6,649 to €13,749
- Other operating charges -€663
down €663 (-17.1%), from €3,888 to €3,225
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 | €197,250 | €120,784 | -€76,466 | -38.8% |
| Fixed assets | 21/28 | €62,094 | €48,345 | -€13,749 | -22.1% |
| Tangible fixed assets | 22/27 | €62,094 | €48,345 | -€13,749 | -22.1% |
| Leasing and similar rights | 25 | €62,094 | €48,345 | -€13,749 | -22.1% |
| Current assets | 29/58 | €135,156 | €72,439 | -€62,717 | -46.4% |
| Amounts receivable within one year | 40/41 | €17,932 | €3,770 | -€14,163 | -79.0% |
| Trade receivables | 40 | €13,371 | €0 | -€13,371 | -100.0% |
| Other amounts receivable | 41 | €4,562 | €3,770 | -€792 | -17.4% |
| Cash at bank and in hand | 54/58 | €114,381 | €65,966 | -€48,415 | -42.3% |
| Deferred charges and accrued income | 490/1 | €2,843 | €2,704 | -€139 | -4.9% |
| Total equity and liabilities | 10/49 | €197,250 | €120,784 | -€76,466 | -38.8% |
| Equity | 10/15 | €143,667 | €104,120 | -€39,546 | -27.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €133,667 | €133,667 | = | 0.0% |
| Distributable reserves | 133 | €133,667 | €133,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,546 | -€39,546 | |
| Amounts payable | 17/49 | €53,583 | €16,664 | -€36,919 | -68.9% |
| Amounts payable after more than one year | 17 | €13,233 | €0 | -€13,233 | -100.0% |
| Financial debts | 170/4 | €13,233 | €0 | -€13,233 | -100.0% |
| Amounts payable within one year | 42/48 | €40,351 | €16,664 | -€23,687 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €23,579 | €11,046 | -€12,533 | -53.2% |
| Trade debts | 44 | €6,176 | €2,509 | -€3,667 | -59.4% |
| Suppliers | 440/4 | €6,176 | €2,509 | -€3,667 | -59.4% |
| Taxes, remuneration and social security | 45 | €4,691 | €852 | -€3,838 | -81.8% |
| Taxes | 450/3 | €4,691 | €852 | -€3,838 | -81.8% |
| Other amounts payable | 47/48 | €5,906 | €2,257 | -€3,648 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,649 | €13,749 | +€7,099 | +106.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €33,275 | +€33,275 | |
| Other operating charges | 640/8 | €3,888 | €3,225 | -€663 | -17.1% |
| Gross operating margin | 9900 | €65,358 | €12,319 | -€53,040 | -81.2% |
| Operating profit (loss) | 9901 | €54,821 | -€37,930 | -€92,751 | |
| Financial charges | 65/66B | €1,289 | €1,386 | +€97 | +7.5% |
| Recurring financial charges | 65 | €1,289 | €1,386 | +€97 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €53,532 | -€39,316 | -€92,848 | |
| Income taxes | 67/77 | €15,438 | €230 | -€15,208 | -98.5% |
| Profit (loss) for the period | 9904 | €38,094 | -€39,546 | -€77,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,094 | -€39,546 | -€77,640 |
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 11 October 2026 via checked.be.