GLACE ET BEN: 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.
GLACE ET BEN
Largest movements
- Tangible fixed assets -€45,420
down €45,420 (-6.9%), from €659,200 to €613,780
of which Land and buildings: -€32,236
- Cash +€11,902
up €11,902 (+83.8%), from €14,211 to €26,113
mainly Depreciation (+€61,942) and Net result for the year (+€11,814)
- Debts after one year -€47,700
down €47,700 (-9.1%), from €523,373 to €475,673
- Other debts -€14,138
down €14,138 (-31.4%), from €45,024 to €30,886
- Profit (loss) carried forward +€11,814
up €11,814 (+297%), from €3,975 to €15,789
- Tax, wage and social debts +€10,696
up €10,696 (+63.8%), from €16,761 to €27,457
of which Remuneration and social security: +€9,010
- Gross operating margin +€64,623
up €64,623 (+29.5%), from €219,164 to €283,787
- Staff costs +€19,934
up €19,934 (+12.3%), from €162,258 to €182,192
- Depreciation +€9,349
up €9,349 (+17.8%), from €52,593 to €61,942
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 | €693,007 | €653,587 | -€39,420 | -5.7% |
| Fixed assets | 21/28 | €660,054 | €614,335 | -€45,720 | -6.9% |
| Intangible fixed assets | 21 | €855 | €555 | -€300 | -35.1% |
| Tangible fixed assets | 22/27 | €659,200 | €613,780 | -€45,420 | -6.9% |
| Land and buildings | 22 | €515,680 | €483,444 | -€32,236 | -6.3% |
| Plant, machinery and equipment | 23 | €132,594 | €112,061 | -€20,534 | -15.5% |
| Furniture and vehicles | 24 | €10,926 | €18,275 | +€7,350 | +67.3% |
| Current assets | 29/58 | €32,953 | €39,253 | +€6,300 | +19.1% |
| Stocks and contracts in progress | 3 | €8,424 | €8,653 | +€229 | +2.7% |
| Stocks | 30/36 | €8,424 | €8,653 | +€229 | +2.7% |
| Amounts receivable within one year | 40/41 | €4,566 | €4,487 | -€79 | -1.7% |
| Trade receivables | 40 | €4,545 | €4,317 | -€229 | -5.0% |
| Other amounts receivable | 41 | €21 | €171 | +€150 | +726% |
| Cash at bank and in hand | 54/58 | €14,211 | €26,113 | +€11,902 | +83.8% |
| Deferred charges and accrued income | 490/1 | €5,752 | €0 | -€5,752 | -100% |
| Total equity and liabilities | 10/49 | €693,007 | €653,587 | -€39,420 | -5.7% |
| Equity | 10/15 | €38,975 | €50,789 | +€11,814 | +30.3% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,975 | €15,789 | +€11,814 | +297% |
| Amounts payable | 17/49 | €654,033 | €602,798 | -€51,234 | -7.8% |
| Amounts payable after more than one year | 17 | €523,373 | €475,673 | -€47,700 | -9.1% |
| Financial debts | 170/4 | €523,373 | €475,673 | -€47,700 | -9.1% |
| Amounts payable within one year | 42/48 | €130,660 | €127,125 | -€3,535 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €47,744 | €47,700 | -€44 | -0.1% |
| Trade debts | 44 | €21,131 | €21,082 | -€49 | -0.2% |
| Suppliers | 440/4 | €21,131 | €21,082 | -€49 | -0.2% |
| Taxes, remuneration and social security | 45 | €16,761 | €27,457 | +€10,696 | +63.8% |
| Taxes | 450/3 | €1,176 | €2,863 | +€1,687 | +143% |
| Remuneration and social security | 454/9 | €15,585 | €24,595 | +€9,010 | +57.8% |
| Other amounts payable | 47/48 | €45,024 | €30,886 | -€14,138 | -31.4% |
| Remuneration, social security and pensions | 62 | €162,258 | €182,192 | +€19,934 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,593 | €61,942 | +€9,349 | +17.8% |
| Other operating charges | 640/8 | €1,599 | €2,317 | +€719 | +44.9% |
| Non-recurring operating charges | 66A | €4,126 | €0 | -€4,126 | -100% |
| Gross operating margin | 9900 | €219,164 | €283,787 | +€64,623 | +29.5% |
| Operating profit (loss) | 9901 | -€1,413 | €37,336 | +€38,749 | |
| Financial income | 75/76B | €2,854 | €392 | -€2,462 | -86.3% |
| Recurring financial income | 75 | €160 | €14 | -€145 | -91.2% |
| Non-recurring financial income | 76B | €2,694 | €378 | -€2,316 | -86.0% |
| Financial charges | 65/66B | €28,227 | €25,601 | -€2,627 | -9.3% |
| Recurring financial charges | 65 | €28,227 | €25,601 | -€2,627 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,786 | €12,128 | +€38,914 | |
| Income taxes | 67/77 | -€1,501 | €314 | +€1,815 | |
| Profit (loss) for the period | 9904 | -€25,285 | €11,814 | +€37,099 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,285 | €11,814 | +€37,099 |
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.