GLT DIGITAL: what changed
Two fiscal 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 DIGITAL
Largest movements
- Tangible fixed assets +€336,829
up €336,829 (+116.7%), from €288,536 to €625,365
of which Land and buildings: +€178,188
- Stocks and contracts +€49,937
up €49,937 (+90.6%), from €55,134 to €105,071
- Receivables within one year -€40,736
down €40,736 (-69.4%), from €58,693 to €17,957
of which Trade receivables: -€40,489
- Cash +€15,617
up €15,617 (+219.4%), from €7,117 to €22,734
mainly Debts after one year (+€240,736) and Other debts (+€129,247)
- Debts after one year +€240,736
up €240,736 (+94.8%), from €254,064 to €494,800
- Other debts +€129,247
up €129,247 (+697.3%), from €18,535 to €147,781
- Profit (loss) carried forward -€20,492
down €20,492 (-17.3%), from €118,237 to €97,745
- Financial charges +€12,869
up €12,869 (+204.3%), from €6,300 to €19,170
- Depreciation +€12,521
up €12,521 (+67.9%), from €18,435 to €30,956
- Staff costs -€8,184
down €8,184 (-9.1%), from €89,487 to €81,302
- Other operating charges +€3,021
up €3,021 (+196.2%), from €1,540 to €4,561
- Taxes -€2,732
down €2,732, from €2,479 to -€253
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 | €423,040 | €779,305 | +€356,266 | +84.2% |
| Fixed assets | 21/28 | €293,069 | €627,895 | +€334,826 | +114.2% |
| Intangible fixed assets | 21 | €4,533 | €2,530 | -€2,003 | -44.2% |
| Tangible fixed assets | 22/27 | €288,536 | €625,365 | +€336,829 | +116.7% |
| Land and buildings | 22 | €244,571 | €422,759 | +€178,188 | +72.9% |
| Plant, machinery and equipment | 23 | €952 | €465 | -€487 | -51.2% |
| Furniture and vehicles | 24 | €43,013 | €32,587 | -€10,426 | -24.2% |
| Other tangible fixed assets | 26 | - | €169,554 | +€169,554 | |
| Current assets | 29/58 | €129,971 | €151,411 | +€21,440 | +16.5% |
| Stocks and contracts in progress | 3 | €55,134 | €105,071 | +€49,937 | +90.6% |
| Stocks | 30/36 | €55,134 | €105,071 | +€49,937 | +90.6% |
| Amounts receivable within one year | 40/41 | €58,693 | €17,957 | -€40,736 | -69.4% |
| Trade receivables | 40 | €56,875 | €16,386 | -€40,489 | -71.2% |
| Other amounts receivable | 41 | €1,818 | €1,571 | -€247 | -13.6% |
| Cash at bank and in hand | 54/58 | €7,117 | €22,734 | +€15,617 | +219.4% |
| Deferred charges and accrued income | 490/1 | €9,027 | €5,649 | -€3,378 | -37.4% |
| Total equity and liabilities | 10/49 | €423,040 | €779,305 | +€356,266 | +84.2% |
| Equity | 10/15 | €120,237 | €99,745 | -€20,492 | -17.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,237 | €97,745 | -€20,492 | -17.3% |
| Amounts payable | 17/49 | €302,803 | €679,560 | +€376,757 | +124.4% |
| Amounts payable after more than one year | 17 | €254,064 | €494,800 | +€240,736 | +94.8% |
| Financial debts | 170/4 | €254,064 | €494,800 | +€240,736 | +94.8% |
| Amounts payable within one year | 42/48 | €48,329 | €184,760 | +€136,431 | +282.3% |
| Current portion of amounts payable after more than one year | 42 | €5,724 | €8,991 | +€3,268 | +57.1% |
| Trade debts | 44 | €11,467 | €9,835 | -€1,632 | -14.2% |
| Suppliers | 440/4 | €11,467 | €9,835 | -€1,632 | -14.2% |
| Taxes, remuneration and social security | 45 | €12,603 | €18,152 | +€5,549 | +44.0% |
| Taxes | 450/3 | €2,855 | €1,178 | -€1,678 | -58.8% |
| Remuneration and social security | 454/9 | €9,747 | €16,975 | +€7,227 | +74.1% |
| Other amounts payable | 47/48 | €18,535 | €147,781 | +€129,247 | +697.3% |
| Accrued charges and deferred income | 492/3 | €410 | - | -€410 | |
| Remuneration, social security and pensions | 62 | €89,487 | €81,302 | -€8,184 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,435 | €30,956 | +€12,521 | +67.9% |
| Other operating charges | 640/8 | €1,540 | €4,561 | +€3,021 | +196.2% |
| Non-recurring operating charges | 66A | €23 | €9,000 | +€8,977 | +39547.6% |
| Gross operating margin | 9900 | €123,247 | €124,244 | +€997 | +0.8% |
| Operating profit (loss) | 9901 | €13,763 | -€1,575 | -€15,338 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,300 | €19,170 | +€12,869 | +204.3% |
| Recurring financial charges | 65 | €6,300 | €19,170 | +€12,869 | +204.3% |
| Profit (loss) for the period before taxes | 9903 | €7,463 | -€20,745 | -€28,208 | |
| Income taxes | 67/77 | €2,479 | -€253 | -€2,732 | |
| Profit (loss) for the period | 9904 | €4,984 | -€20,492 | -€25,476 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,984 | -€20,492 | -€25,476 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.