GLT 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.
GLT Consulting
Largest movements
- Receivables within one year -€47,596
down €47,596 (-75.9%), from €62,674 to €15,077
of which Trade receivables: -€50,152
- Cash -€20,190
down €20,190 (-47.9%), from €42,141 to €21,951
mainly Trade debts (-€53,778) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets +€3,012
up €3,012 (+77.6%), from €3,879 to €6,891
of which Other tangible fixed assets: +€3,698
- Deferred charges and accrued income -€2,139
down €2,139 (-59.0%), from €3,626 to €1,487
- Trade debts -€53,778
down €53,778 (-94.9%), from €56,673 to €2,895
- Other debts -€7,985
down €7,985 (-28.3%), from €28,205 to €20,221
- Profit (loss) carried forward -€3,742
down €3,742 (-78.5%), from €4,769 to €1,027
- Tax, wage and social debts -€1,408
down €1,408 (-15.7%), from €8,989 to €7,581
- Gross operating margin -€12,190
down €12,190 (-39.0%), from €31,232 to €19,042
- Taxes -€2,976
down €2,976 (-41.0%), from €7,264 to €4,288
- Financial charges +€755
up €755 (+48.9%), from €1,543 to €2,298
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,320 | €45,406 | -€66,913 | -59.6% |
| Fixed assets | 21/28 | €3,879 | €6,891 | +€3,012 | +77.6% |
| Tangible fixed assets | 22/27 | €3,879 | €6,891 | +€3,012 | +77.6% |
| Furniture and vehicles | 24 | €3,879 | €3,193 | -€686 | -17.7% |
| Other tangible fixed assets | 26 | - | €3,698 | +€3,698 | |
| Current assets | 29/58 | €108,440 | €38,515 | -€69,925 | -64.5% |
| Amounts receivable within one year | 40/41 | €62,674 | €15,077 | -€47,596 | -75.9% |
| Trade receivables | 40 | €62,552 | €12,400 | -€50,152 | -80.2% |
| Other amounts receivable | 41 | €122 | €2,678 | +€2,556 | +2,102% |
| Cash at bank and in hand | 54/58 | €42,141 | €21,951 | -€20,190 | -47.9% |
| Deferred charges and accrued income | 490/1 | €3,626 | €1,487 | -€2,139 | -59.0% |
| Total equity and liabilities | 10/49 | €112,320 | €45,406 | -€66,913 | -59.6% |
| Equity | 10/15 | €18,452 | €14,710 | -€3,742 | -20.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,683 | €8,683 | = | 0.0% |
| Distributable reserves | 133 | €8,683 | €8,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,769 | €1,027 | -€3,742 | -78.5% |
| Amounts payable | 17/49 | €93,867 | €30,696 | -€63,171 | -67.3% |
| Amounts payable within one year | 42/48 | €93,867 | €30,696 | -€63,171 | -67.3% |
| Trade debts | 44 | €56,673 | €2,895 | -€53,778 | -94.9% |
| Suppliers | 440/4 | €56,673 | €2,895 | -€53,778 | -94.9% |
| Taxes, remuneration and social security | 45 | €8,989 | €7,581 | -€1,408 | -15.7% |
| Taxes | 450/3 | €8,989 | €7,581 | -€1,408 | -15.7% |
| Other amounts payable | 47/48 | €28,205 | €20,221 | -€7,985 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €758 | +€308 | +68.3% |
| Other operating charges | 640/8 | €580 | €504 | -€76 | -13.1% |
| Gross operating margin | 9900 | €31,232 | €19,042 | -€12,190 | -39.0% |
| Operating profit (loss) | 9901 | €30,202 | €17,780 | -€12,422 | -41.1% |
| Financial income | 75/76B | €1 | €64 | +€63 | +7,020% |
| Recurring financial income | 75 | €1 | €64 | +€63 | +7,020% |
| Financial charges | 65/66B | €1,543 | €2,298 | +€755 | +48.9% |
| Recurring financial charges | 65 | €1,543 | €2,298 | +€755 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €28,660 | €15,546 | -€13,114 | -45.8% |
| Income taxes | 67/77 | €7,264 | €4,288 | -€2,976 | -41.0% |
| Profit (loss) for the period | 9904 | €21,396 | €11,258 | -€10,138 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,396 | €11,258 | -€10,138 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.