ALL - 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.
ALL - GLASS
Largest movements
- Receivables within one year -€29,736
down €29,736 (-45.9%), from €64,753 to €35,016
of which Other amounts receivable: -€21,282
- Cash -€29,369
down €29,369 (-46.7%), from €62,842 to €33,473
mainly Contributions, distributions and other (-€75,339) and Net result for the year (-€20,000)
- Deferred charges and accrued income +€14,266
up €14,266 (+468%), from €3,051 to €17,317
- Tangible fixed assets -€9,937
down €9,937 (-36.5%), from €27,244 to €17,307
of which Furniture and vehicles: -€6,571
- Reserves -€75,339
down €75,339 (-60.3%), from €124,983 to €49,644
of which Distributable reserves: -€75,339
- Other debts +€53,298
up €53,298 (+517%), from €10,316 to €63,614
- Profit (loss) carried forward -€20,000
down €20,000 (-39.9%), from -€50,115 to -€70,115
- Short-term financial debts -€11,597
no longer reported in 2025 (was €11,597)
- Trade debts -€6,613
down €6,613 (-27.3%), from €24,258 to €17,645
- Gross operating margin +€20,974
up €20,974 (+19.3%), from €108,727 to €129,701
- Staff costs -€7,473
down €7,473 (-5.1%), from €146,026 to €138,553
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 | €193,875 | €139,261 | -€54,615 | -28.2% |
| Fixed assets | 21/28 | €27,244 | €17,307 | -€9,937 | -36.5% |
| Tangible fixed assets | 22/27 | €27,244 | €17,307 | -€9,937 | -36.5% |
| Plant, machinery and equipment | 23 | €923 | €294 | -€629 | -68.2% |
| Furniture and vehicles | 24 | €13,412 | €6,841 | -€6,571 | -49.0% |
| Other tangible fixed assets | 26 | €12,910 | €10,172 | -€2,737 | -21.2% |
| Current assets | 29/58 | €166,631 | €121,954 | -€44,677 | -26.8% |
| Stocks and contracts in progress | 3 | €35,985 | €36,147 | +€162 | +0.5% |
| Stocks | 30/36 | €35,985 | €36,147 | +€162 | +0.5% |
| Amounts receivable within one year | 40/41 | €64,753 | €35,016 | -€29,736 | -45.9% |
| Trade receivables | 40 | €40,780 | €32,326 | -€8,454 | -20.7% |
| Other amounts receivable | 41 | €23,973 | €2,691 | -€21,282 | -88.8% |
| Cash at bank and in hand | 54/58 | €62,842 | €33,473 | -€29,369 | -46.7% |
| Deferred charges and accrued income | 490/1 | €3,051 | €17,317 | +€14,266 | +468% |
| Total equity and liabilities | 10/49 | €193,875 | €139,261 | -€54,615 | -28.2% |
| Equity | 10/15 | €136,868 | €41,529 | -€95,339 | -69.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €124,983 | €49,644 | -€75,339 | -60.3% |
| Tax-exempt reserves | 132 | €5,404 | €5,404 | = | 0.0% |
| Distributable reserves | 133 | €119,579 | €44,240 | -€75,339 | -63.0% |
| Profit (loss) carried forward | 14 | -€50,115 | -€70,115 | -€20,000 | -39.9% |
| Amounts payable | 17/49 | €57,007 | €97,731 | +€40,724 | +71.4% |
| Amounts payable within one year | 42/48 | €57,007 | €97,731 | +€40,724 | +71.4% |
| Financial debts | 43 | €11,597 | - | -€11,597 | |
| Credit institutions | 430/8 | €11,597 | - | -€11,597 | |
| Trade debts | 44 | €24,258 | €17,645 | -€6,613 | -27.3% |
| Suppliers | 440/4 | €24,258 | €17,645 | -€6,613 | -27.3% |
| Advances received on contracts in progress | 46 | €4,894 | €10,299 | +€5,405 | +110% |
| Taxes, remuneration and social security | 45 | €5,942 | €6,173 | +€231 | +3.9% |
| Taxes | 450/3 | - | €4,039 | +€4,039 | |
| Remuneration and social security | 454/9 | €5,942 | €2,134 | -€3,808 | -64.1% |
| Other amounts payable | 47/48 | €10,316 | €63,614 | +€53,298 | +517% |
| Remuneration, social security and pensions | 62 | €146,026 | €138,553 | -€7,473 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,608 | €9,937 | -€670 | -6.3% |
| Other operating charges | 640/8 | €1,177 | €714 | -€463 | -39.3% |
| Gross operating margin | 9900 | €108,727 | €129,701 | +€20,974 | +19.3% |
| Operating profit (loss) | 9901 | -€49,084 | -€19,504 | +€29,580 | +60.3% |
| Financial income | 75/76B | €23 | €806 | +€782 | +3,360% |
| Recurring financial income | 75 | €23 | €806 | +€782 | +3,360% |
| Financial charges | 65/66B | €887 | €1,028 | +€142 | +16.0% |
| Recurring financial charges | 65 | €887 | €1,028 | +€142 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€49,947 | -€19,726 | +€30,221 | +60.5% |
| Income taxes | 67/77 | €168 | €273 | +€105 | +62.6% |
| Profit (loss) for the period | 9904 | -€50,115 | -€20,000 | +€30,116 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,115 | -€20,000 | +€30,116 | +60.1% |
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 27 October 2026 via checked.be.