BE-GLAM: 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.
BE-GLAM
Largest movements
- Receivables within one year -€30,235
down €30,235 (-29.4%), from €102,777 to €72,542
of which Other amounts receivable: -€21,608
- Tangible fixed assets -€22,405
down €22,405 (-37.6%), from €59,636 to €37,230
of which Plant, machinery and equipment: -€21,918
- Stocks and contracts +€12,225
up €12,225 (+8.2%), from €149,587 to €161,813
- Cash +€11,658
up €11,658 (+28.5%), from €40,947 to €52,605
mainly Receivables within one year (+€30,235) and Depreciation (+€26,405)
- Intangible fixed assets -€4,000
down €4,000 (-26.7%), from €14,975 to €10,975
- Debts after one year -€27,800
down €27,800 (-32.1%), from €86,734 to €58,934
- Trade debts +€23,205
up €23,205 (+18.0%), from €129,091 to €152,296
- Profit (loss) carried forward -€22,034
down €22,034 (-180%), from -€12,252 to -€34,285
- Accrued charges and deferred income -€7,633
down €7,633 (-91.0%), from €8,385 to €752
- Gross operating margin +€4,656
up €4,656 (+2.2%), from €210,017 to €214,673
- Depreciation +€4,611
up €4,611 (+21.2%), from €21,795 to €26,405
- Staff costs -€3,884
down €3,884 (-1.9%), from €206,083 to €202,199
- Financial charges +€3,534
up €3,534 (+62.9%), from €5,617 to €9,152
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 | €369,539 | €335,490 | -€34,049 | -9.2% |
| Fixed assets | 21/28 | €74,611 | €48,206 | -€26,405 | -35.4% |
| Intangible fixed assets | 21 | €14,975 | €10,975 | -€4,000 | -26.7% |
| Tangible fixed assets | 22/27 | €59,636 | €37,230 | -€22,405 | -37.6% |
| Plant, machinery and equipment | 23 | €58,625 | €36,706 | -€21,918 | -37.4% |
| Furniture and vehicles | 24 | €1,011 | €524 | -€487 | -48.2% |
| Current assets | 29/58 | €294,928 | €287,284 | -€7,644 | -2.6% |
| Stocks and contracts in progress | 3 | €149,587 | €161,813 | +€12,225 | +8.2% |
| Stocks | 30/36 | €149,587 | €161,813 | +€12,225 | +8.2% |
| Amounts receivable within one year | 40/41 | €102,777 | €72,542 | -€30,235 | -29.4% |
| Trade receivables | 40 | €10,927 | €2,301 | -€8,626 | -78.9% |
| Other amounts receivable | 41 | €91,850 | €70,241 | -€21,608 | -23.5% |
| Cash at bank and in hand | 54/58 | €40,947 | €52,605 | +€11,658 | +28.5% |
| Deferred charges and accrued income | 490/1 | €1,617 | €325 | -€1,292 | -79.9% |
| Total equity and liabilities | 10/49 | €369,539 | €335,490 | -€34,049 | -9.2% |
| Equity | 10/15 | €85,248 | €63,215 | -€22,034 | -25.8% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,252 | -€34,285 | -€22,034 | -180% |
| Amounts payable | 17/49 | €284,290 | €272,275 | -€12,015 | -4.2% |
| Amounts payable after more than one year | 17 | €86,734 | €58,934 | -€27,800 | -32.1% |
| Financial debts | 170/4 | €86,734 | €58,934 | -€27,800 | -32.1% |
| Amounts payable within one year | 42/48 | €189,171 | €212,590 | +€23,418 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €26,921 | €27,800 | +€879 | +3.3% |
| Trade debts | 44 | €129,091 | €152,296 | +€23,205 | +18.0% |
| Suppliers | 440/4 | €129,091 | €152,296 | +€23,205 | +18.0% |
| Taxes, remuneration and social security | 45 | €33,006 | €31,817 | -€1,189 | -3.6% |
| Taxes | 450/3 | €12,347 | €7,911 | -€4,437 | -35.9% |
| Remuneration and social security | 454/9 | €20,658 | €23,906 | +€3,248 | +15.7% |
| Other amounts payable | 47/48 | €154 | €677 | +€523 | +340% |
| Accrued charges and deferred income | 492/3 | €8,385 | €752 | -€7,633 | -91.0% |
| Remuneration, social security and pensions | 62 | €206,083 | €202,199 | -€3,884 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,795 | €26,405 | +€4,611 | +21.2% |
| Other operating charges | 640/8 | €387 | €408 | +€20 | +5.3% |
| Gross operating margin | 9900 | €210,017 | €214,673 | +€4,656 | +2.2% |
| Operating profit (loss) | 9901 | -€18,248 | -€14,339 | +€3,909 | +21.4% |
| Financial income | 75/76B | €554 | €1,700 | +€1,147 | +207% |
| Recurring financial income | 75 | €554 | €1,700 | +€1,147 | +207% |
| Financial charges | 65/66B | €5,617 | €9,152 | +€3,534 | +62.9% |
| Recurring financial charges | 65 | €5,617 | €9,152 | +€3,534 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,312 | -€21,791 | +€1,521 | +6.5% |
| Income taxes | 67/77 | €416 | €243 | -€173 | -41.6% |
| Profit (loss) for the period | 9904 | -€23,728 | -€22,034 | +€1,695 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,728 | -€22,034 | +€1,695 | +7.1% |
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 14 October 2026 via checked.be.