ETANGS DE GLABAIS: 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.
ETANGS DE GLABAIS
Largest movements
- Tangible fixed assets +€23,781
up €23,781 (+15.0%), from €158,777 to €182,558
- Cash -€22,464
down €22,464 (-86.9%), from €25,856 to €3,392
mainly Investment in fixed assets (net) (-€23,781) and Net result for the year (-€17,720)
- Other debts +€20,000
up €20,000 (+10.0%), from €199,768 to €219,768
- Profit (loss) carried forward -€17,720
down €17,720 (-23.7%), from -€74,847 to -€92,567
- Gross operating margin +€9,440
up €9,440 (+40.2%), from -€23,463 to -€14,023
- Other operating charges +€1,138
up €1,138 (+56.1%), from €2,030 to €3,168
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 | €184,971 | €187,227 | +€2,257 | +1.2% |
| Fixed assets | 21/28 | €158,777 | €182,558 | +€23,781 | +15.0% |
| Tangible fixed assets | 22/27 | €158,777 | €182,558 | +€23,781 | +15.0% |
| Assets under construction and advance payments | 27 | €158,777 | €182,558 | +€23,781 | +15.0% |
| Current assets | 29/58 | €26,194 | €4,669 | -€21,524 | -82.2% |
| Amounts receivable within one year | 40/41 | €286 | €358 | +€72 | +25.3% |
| Other amounts receivable | 41 | €286 | €358 | +€72 | +25.3% |
| Cash at bank and in hand | 54/58 | €25,856 | €3,392 | -€22,464 | -86.9% |
| Deferred charges and accrued income | 490/1 | €52 | €919 | +€867 | +1,663% |
| Total equity and liabilities | 10/49 | €184,971 | €187,227 | +€2,257 | +1.2% |
| Equity | 10/15 | -€14,847 | -€32,567 | -€17,720 | -119% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,847 | -€92,567 | -€17,720 | -23.7% |
| Amounts payable | 17/49 | €199,818 | €219,794 | +€19,977 | +10.0% |
| Amounts payable within one year | 42/48 | €199,818 | €219,794 | +€19,977 | +10.0% |
| Trade debts | 44 | €50 | €27 | -€23 | -46.7% |
| Suppliers | 440/4 | €50 | €27 | -€23 | -46.7% |
| Other amounts payable | 47/48 | €199,768 | €219,768 | +€20,000 | +10.0% |
| Other operating charges | 640/8 | €2,030 | €3,168 | +€1,138 | +56.1% |
| Gross operating margin | 9900 | -€23,463 | -€14,023 | +€9,440 | +40.2% |
| Operating profit (loss) | 9901 | -€25,493 | -€17,191 | +€8,302 | +32.6% |
| Financial charges | 65/66B | €599 | €529 | -€70 | -11.7% |
| Recurring financial charges | 65 | €599 | €529 | -€70 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,092 | -€17,720 | +€8,372 | +32.1% |
| Profit (loss) for the period | 9904 | -€26,092 | -€17,720 | +€8,372 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,092 | -€17,720 | +€8,372 | +32.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.