ABSOLUTE GLASS: 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.
ABSOLUTE GLASS
Largest movements
- Receivables within one year +€44,754
up €44,754 (+29.7%), from €150,872 to €195,627
of which Trade receivables: +€39,429
- Tangible fixed assets +€16,511
up €16,511 (+35.2%), from €46,864 to €63,374
of which Furniture and vehicles: +€16,527
- Cash -€15,127
down €15,127 (-35.0%), from €43,217 to €28,090
mainly Receivables within one year (-€44,754) and Investment in fixed assets (net) (-€37,741)
- Trade debts +€20,632
up €20,632 (+50.9%), from €40,539 to €61,171
- Profit (loss) carried forward +€17,712
up €17,712 (+33.9%), from €52,251 to €69,964
- Debts after one year +€10,274
up €10,274 (+46.2%), from €22,215 to €32,489
- Current portion of long-term debt -€4,680
down €4,680 (-19.2%), from €24,356 to €19,676
- Staff costs -€56,212
down €56,212 (-19.4%), from €290,158 to €233,947
- Gross operating margin -€35,746
down €35,746 (-11.1%), from €321,645 to €285,900
- Taxes +€4,995
up €4,995 (+552%), from €904 to €5,900
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 | €280,720 | €323,188 | +€42,468 | +15.1% |
| Fixed assets | 21/28 | €46,864 | €63,374 | +€16,511 | +35.2% |
| Tangible fixed assets | 22/27 | €46,864 | €63,374 | +€16,511 | +35.2% |
| Plant, machinery and equipment | 23 | €4,302 | €4,647 | +€345 | +8.0% |
| Furniture and vehicles | 24 | €38,145 | €54,672 | +€16,527 | +43.3% |
| Other tangible fixed assets | 26 | €4,416 | €4,055 | -€361 | -8.2% |
| Current assets | 29/58 | €233,856 | €259,814 | +€25,958 | +11.1% |
| Stocks and contracts in progress | 3 | €37,820 | €35,183 | -€2,637 | -7.0% |
| Stocks | 30/36 | €37,820 | €35,183 | -€2,637 | -7.0% |
| Amounts receivable within one year | 40/41 | €150,872 | €195,627 | +€44,754 | +29.7% |
| Trade receivables | 40 | €105,892 | €145,321 | +€39,429 | +37.2% |
| Other amounts receivable | 41 | €44,980 | €50,305 | +€5,325 | +11.8% |
| Cash at bank and in hand | 54/58 | €43,217 | €28,090 | -€15,127 | -35.0% |
| Deferred charges and accrued income | 490/1 | €1,947 | €914 | -€1,033 | -53.1% |
| Total equity and liabilities | 10/49 | €280,720 | €323,188 | +€42,468 | +15.1% |
| Equity | 10/15 | €125,905 | €143,617 | +€17,712 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,054 | €55,054 | = | 0.0% |
| Distributable reserves | 133 | €55,054 | €55,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,251 | €69,964 | +€17,712 | +33.9% |
| Amounts payable | 17/49 | €154,814 | €179,571 | +€24,756 | +16.0% |
| Amounts payable after more than one year | 17 | €22,215 | €32,489 | +€10,274 | +46.2% |
| Financial debts | 170/4 | €22,215 | €32,489 | +€10,274 | +46.2% |
| Amounts payable within one year | 42/48 | €132,599 | €147,081 | +€14,482 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €24,356 | €19,676 | -€4,680 | -19.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €40,539 | €61,171 | +€20,632 | +50.9% |
| Suppliers | 440/4 | €40,539 | €61,171 | +€20,632 | +50.9% |
| Taxes, remuneration and social security | 45 | €15,622 | €16,234 | +€612 | +3.9% |
| Taxes | 450/3 | €516 | €6,392 | +€5,876 | +1,138% |
| Remuneration and social security | 454/9 | €15,106 | €9,842 | -€5,264 | -34.8% |
| Other amounts payable | 47/48 | €2,082 | - | -€2,082 | |
| Remuneration, social security and pensions | 62 | €290,158 | €233,947 | -€56,212 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,576 | €21,231 | +€655 | +3.2% |
| Other operating charges | 640/8 | €2,925 | €2,523 | -€403 | -13.8% |
| Gross operating margin | 9900 | €321,645 | €285,900 | -€35,746 | -11.1% |
| Operating profit (loss) | 9901 | €7,985 | €28,200 | +€20,214 | +253% |
| Financial income | 75/76B | €78 | - | -€78 | |
| Recurring financial income | 75 | €78 | - | -€78 | |
| Financial charges | 65/66B | €5,880 | €4,588 | -€1,292 | -22.0% |
| Recurring financial charges | 65 | €5,880 | €4,588 | -€1,292 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €2,183 | €23,612 | +€21,429 | +982% |
| Income taxes | 67/77 | €904 | €5,900 | +€4,995 | +552% |
| Profit (loss) for the period | 9904 | €1,279 | €17,712 | +€16,433 | +1,285% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279 | €17,712 | +€16,433 | +1,285% |
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 24 October 2026 via checked.be.