GLACAGE BRUSSELS: 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.
GLACAGE BRUSSELS
Largest movements
- Cash +€187,157
up €187,157 (+734%), from €25,497 to €212,654
mainly Net result for the year (+€163,150) and Tax, wage and social debts (+€95,781)
- Tangible fixed assets +€167,398
up €167,398 (+356%), from €47,044 to €214,442
of which Other tangible fixed assets: +€127,009
- Receivables within one year +€51,344
up €51,344 (+4,059%), from €1,265 to €52,609
of which Other amounts receivable: +€38,497
- Stocks and contracts +€35,879
up €35,879 (+228%), from €15,758 to €51,637
- Financial fixed assets -€15,200
down €15,200 (-89.1%), from €17,060 to €1,860
- Profit (loss) carried forward +€163,150
up €163,150 (+9,457%), from €1,725 to €164,875
- Tax, wage and social debts +€95,781
up €95,781 (+465%), from €20,612 to €116,393
of which Taxes: +€76,735
- Debts after one year +€94,648
new in 2025: €94,648
- Provisions +€74,595
new in 2025: €74,595
- Advances received +€62,601
new in 2025: €62,601
- Gross operating margin +€524,217
up €524,217 (+1,281%), from €40,910 to €565,127
- Staff costs +€178,232
up €178,232 (+1,095%), from €16,284 to €194,517
- Provisions +€74,595
new in 2025: €74,595
- Taxes +€70,319
up €70,319 (+17,180%), from €409 to €70,729
- Financial charges +€14,109
up €14,109 (+476%), from €2,963 to €17,072
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 | €107,244 | €546,266 | +€439,022 | +409% |
| Fixed assets | 21/28 | €64,104 | €224,330 | +€160,226 | +250% |
| Intangible fixed assets | 21 | - | €8,028 | +€8,028 | |
| Tangible fixed assets | 22/27 | €47,044 | €214,442 | +€167,398 | +356% |
| Plant, machinery and equipment | 23 | €16,461 | €30,747 | +€14,286 | +86.8% |
| Furniture and vehicles | 24 | €13,310 | €26,776 | +€13,466 | +101% |
| Other tangible fixed assets | 26 | €17,272 | €144,281 | +€127,009 | +735% |
| Assets under construction and advance payments | 27 | - | €12,638 | +€12,638 | |
| Financial fixed assets | 28 | €17,060 | €1,860 | -€15,200 | -89.1% |
| Current assets | 29/58 | €43,140 | €321,935 | +€278,795 | +646% |
| Stocks and contracts in progress | 3 | €15,758 | €51,637 | +€35,879 | +228% |
| Stocks | 30/36 | €15,758 | €51,637 | +€35,879 | +228% |
| Amounts receivable within one year | 40/41 | €1,265 | €52,609 | +€51,344 | +4,059% |
| Trade receivables | 40 | €1,265 | €14,112 | +€12,847 | +1,016% |
| Other amounts receivable | 41 | - | €38,497 | +€38,497 | |
| Cash at bank and in hand | 54/58 | €25,497 | €212,654 | +€187,157 | +734% |
| Deferred charges and accrued income | 490/1 | €620 | €5,036 | +€4,416 | +712% |
| Total equity and liabilities | 10/49 | €107,244 | €546,266 | +€439,022 | +409% |
| Equity | 10/15 | €5,225 | €170,881 | +€165,656 | +3,170% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Contributions outside capital | 11 | €3,500 | - | -€3,500 | |
| Share premium | 1100/10 | €3,500 | - | -€3,500 | |
| Profit (loss) carried forward | 14 | €1,725 | €164,875 | +€163,150 | +9,457% |
| Investment grants | 15 | - | €2,506 | +€2,506 | |
| Provisions and deferred taxes | 16 | - | €74,595 | +€74,595 | |
| Provisions for liabilities and charges | 160/5 | - | €74,595 | +€74,595 | |
| Other liabilities and charges | 164/5 | - | €74,595 | +€74,595 | |
| Amounts payable | 17/49 | €102,019 | €300,789 | +€198,770 | +195% |
| Amounts payable after more than one year | 17 | - | €94,648 | +€94,648 | |
| Financial debts | 170/4 | - | €94,648 | +€94,648 | |
| Amounts payable within one year | 42/48 | €97,436 | €206,142 | +€108,706 | +112% |
| Current portion of amounts payable after more than one year | 42 | - | €21,877 | +€21,877 | |
| Trade debts | 44 | €17,001 | €4,063 | -€12,938 | -76.1% |
| Suppliers | 440/4 | €17,001 | €4,063 | -€12,938 | -76.1% |
| Advances received on contracts in progress | 46 | - | €62,601 | +€62,601 | |
| Taxes, remuneration and social security | 45 | €20,612 | €116,393 | +€95,781 | +465% |
| Taxes | 450/3 | €20,234 | €96,969 | +€76,735 | +379% |
| Remuneration and social security | 454/9 | €378 | €19,424 | +€19,046 | +5,042% |
| Other amounts payable | 47/48 | €59,822 | €1,207 | -€58,615 | -98.0% |
| Accrued charges and deferred income | 492/3 | €4,583 | - | -€4,583 | |
| Remuneration, social security and pensions | 62 | €16,284 | €194,517 | +€178,232 | +1,095% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,356 | €22,941 | +€13,585 | +145% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €74,595 | +€74,595 | |
| Other operating charges | 640/8 | €10,233 | €23,007 | +€12,774 | +125% |
| Gross operating margin | 9900 | €40,910 | €565,127 | +€524,217 | +1,281% |
| Operating profit (loss) | 9901 | €5,037 | €250,067 | +€245,030 | +4,865% |
| Financial income | 75/76B | €60 | €883 | +€823 | +1,362% |
| Recurring financial income | 75 | €60 | €883 | +€823 | +1,362% |
| Financial charges | 65/66B | €2,963 | €17,072 | +€14,109 | +476% |
| Recurring financial charges | 65 | €2,963 | €17,072 | +€14,109 | +476% |
| Profit (loss) for the period before taxes | 9903 | €2,135 | €233,879 | +€231,744 | +10,857% |
| Income taxes | 67/77 | €409 | €70,729 | +€70,319 | +17,180% |
| Profit (loss) for the period | 9904 | €1,725 | €163,150 | +€161,425 | +9,357% |
| Profit (loss) for the period to be appropriated | 9905 | €1,725 | €163,150 | +€161,425 | +9,357% |
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 16 October 2026 via checked.be.