G. Glamour: 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.
G. Glamour
Largest movements
- Receivables within one year +€89,553
up €89,553 (+59.0%), from €151,859 to €241,412
of which Trade receivables: +€52,018
- Tangible fixed assets -€28,021
down €28,021 (-25.1%), from €111,609 to €83,589
of which Leasing and similar rights: -€26,650
- Cash +€10,943
up €10,943 (+29.5%), from €37,121 to €48,064
mainly Net result for the year (+€67,331) and Depreciation (+€36,808)
- Reserves +€67,331
up €67,331 (+133%), from €50,660 to €117,991
of which Non-distributable reserves: +€60,688
- Debts after one year -€12,254
down €12,254 (-27.9%), from €43,883 to €31,629
- Trade debts +€10,889
up €10,889 (+15.6%), from €69,769 to €80,658
of which Bills of exchange payable: +€16,937
- Tax, wage and social debts +€4,876
up €4,876 (+14.5%), from €33,556 to €38,433
of which Remuneration and social security: +€2,583
- Turnover +€80,983
up €80,983 (+16.1%), from €502,077 to €583,060
- Purchases and services +€54,642
up €54,642 (+14.1%), from €388,458 to €443,099
- Depreciation +€30,247
up €30,247 (+461%), from €6,561 to €36,808
- Gross operating margin +€29,917
up €29,917 (+26.0%), from €115,219 to €145,137
- Taxes +€5,846
up €5,846 (+26.1%), from €22,399 to €28,245
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 | €306,496 | €375,911 | +€69,415 | +22.6% |
| Fixed assets | 21/28 | €112,019 | €83,998 | -€28,021 | -25.0% |
| Tangible fixed assets | 22/27 | €111,609 | €83,589 | -€28,021 | -25.1% |
| Plant, machinery and equipment | 23 | €11,859 | €13,436 | +€1,578 | +13.3% |
| Furniture and vehicles | 24 | €11,210 | €8,261 | -€2,949 | -26.3% |
| Leasing and similar rights | 25 | €88,541 | €61,891 | -€26,650 | -30.1% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €194,477 | €291,912 | +€97,435 | +50.1% |
| Amounts receivable within one year | 40/41 | €151,859 | €241,412 | +€89,553 | +59.0% |
| Trade receivables | 40 | €151,859 | €203,877 | +€52,018 | +34.3% |
| Other amounts receivable | 41 | €0 | €37,535 | +€37,535 | |
| Cash at bank and in hand | 54/58 | €37,121 | €48,064 | +€10,943 | +29.5% |
| Deferred charges and accrued income | 490/1 | €5,497 | €2,436 | -€3,061 | -55.7% |
| Total equity and liabilities | 10/49 | €306,496 | €375,911 | +€69,415 | +22.6% |
| Equity | 10/15 | €148,797 | €216,128 | +€67,331 | +45.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €50,660 | €117,991 | +€67,331 | +133% |
| Non-distributable reserves | 130/1 | €50,660 | €111,348 | +€60,688 | +120% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €48,800 | €111,348 | +€62,548 | +128% |
| Distributable reserves | 133 | - | €6,642 | +€6,642 | |
| Profit (loss) carried forward | 14 | €79,537 | €79,537 | = | 0.0% |
| Amounts payable | 17/49 | €157,698 | €159,782 | +€2,084 | +1.3% |
| Amounts payable after more than one year | 17 | €43,883 | €31,629 | -€12,254 | -27.9% |
| Financial debts | 170/4 | €43,883 | €31,629 | -€12,254 | -27.9% |
| Amounts payable within one year | 42/48 | €113,815 | €128,154 | +€14,339 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €10,490 | €9,063 | -€1,427 | -13.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €69,769 | €80,658 | +€10,889 | +15.6% |
| Suppliers | 440/4 | €29,386 | €23,338 | -€6,048 | -20.6% |
| Bills of exchange payable | 441 | €40,383 | €57,320 | +€16,937 | +41.9% |
| Taxes, remuneration and social security | 45 | €33,556 | €38,433 | +€4,876 | +14.5% |
| Taxes | 450/3 | €33,556 | €35,849 | +€2,293 | +6.8% |
| Remuneration and social security | 454/9 | - | €2,583 | +€2,583 | |
| Turnover | 70 | €502,077 | €583,060 | +€80,983 | +16.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €388,458 | €443,099 | +€54,642 | +14.1% |
| Remuneration, social security and pensions | 62 | €3,075 | €3,831 | +€756 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,561 | €36,808 | +€30,247 | +461% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,304 | €4,737 | +€2,434 | +106% |
| Other operating charges | 640/8 | €7,351 | €3,293 | -€4,059 | -55.2% |
| Gross operating margin | 9900 | €115,219 | €145,137 | +€29,917 | +26.0% |
| Operating profit (loss) | 9901 | €95,929 | €96,468 | +€539 | +0.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €900 | €892 | -€8 | -0.9% |
| Recurring financial charges | 65 | €900 | €892 | -€8 | -0.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €95,033 | €95,576 | +€543 | +0.6% |
| Income taxes | 67/77 | €22,399 | €28,245 | +€5,846 | +26.1% |
| Profit (loss) for the period | 9904 | €72,634 | €67,331 | -€5,303 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,634 | €67,331 | -€5,303 | -7.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.