GLACES ALBERT: what changed
Two fiscal 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.
GLACES ALBERT
Largest movements
- Cash +€16,539
up €16,539 (+1676.8%), from €986 to €17,526
mainly Net result for the year (+€7,672) and Other debts (+€7,476)
- Receivables within one year +€1,696
up €1,696 (+61.4%), from €2,761 to €4,457
of which Other amounts receivable: +€1,589
- Tangible fixed assets -€669
down €669 (-30.0%), from €2,230 to €1,561
of which Furniture and vehicles: -€941
- Profit (loss) carried forward +€7,672
up €7,672 (+20.6%), from -€37,220 to -€29,548
- Other debts +€7,476
up €7,476 (+33.3%), from €22,446 to €29,922
- Tax, wage and social debts +€1,298
up €1,298 (+207.2%), from €627 to €1,925
of which Taxes: +€1,294
- Trade debts +€659
up €659 (+22.8%), from €2,894 to €3,553
- Gross operating margin +€8,880
up €8,880 (+211.1%), from €4,206 to €13,086
- Staff costs +€5,665
new in 2025: €5,665
- Depreciation -€606
down €606 (-28.8%), from €2,103 to €1,497
- Other operating charges -€370
down €370 (-65.7%), from €563 to €193
- Financial charges +€324
up €324 (+960.7%), from €34 to €358
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.
Cash bridge derived
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 | €7,747 | €24,853 | +€17,106 | +220.8% |
| Formation expenses | 20 | €981 | €736 | -€245 | -25.0% |
| Fixed assets | 21/28 | €2,390 | €1,721 | -€669 | -28.0% |
| Tangible fixed assets | 22/27 | €2,230 | €1,561 | -€669 | -30.0% |
| Plant, machinery and equipment | 23 | €576 | €848 | +€272 | +47.3% |
| Furniture and vehicles | 24 | €1,654 | €713 | -€941 | -56.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €4,376 | €22,396 | +€18,020 | +411.8% |
| Amounts receivable within one year | 40/41 | €2,761 | €4,457 | +€1,696 | +61.4% |
| Trade receivables | 40 | €2,136 | €2,243 | +€107 | +5.0% |
| Other amounts receivable | 41 | €625 | €2,214 | +€1,589 | +254.2% |
| Cash at bank and in hand | 54/58 | €986 | €17,526 | +€16,539 | +1676.8% |
| Deferred charges and accrued income | 490/1 | €628 | €413 | -€215 | -34.3% |
| Total equity and liabilities | 10/49 | €7,747 | €24,853 | +€17,106 | +220.8% |
| Equity | 10/15 | -€18,220 | -€10,548 | +€7,672 | +42.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,220 | -€29,548 | +€7,672 | +20.6% |
| Amounts payable | 17/49 | €25,966 | €35,400 | +€9,434 | +36.3% |
| Amounts payable within one year | 42/48 | €25,966 | €35,400 | +€9,434 | +36.3% |
| Trade debts | 44 | €2,894 | €3,553 | +€659 | +22.8% |
| Suppliers | 440/4 | €2,894 | €3,553 | +€659 | +22.8% |
| Taxes, remuneration and social security | 45 | €627 | €1,925 | +€1,298 | +207.2% |
| Taxes | 450/3 | €627 | €1,921 | +€1,294 | +206.5% |
| Remuneration and social security | 454/9 | - | €4 | +€4 | |
| Other amounts payable | 47/48 | €22,446 | €29,922 | +€7,476 | +33.3% |
| Non-recurring operating income | 76A | - | €87 | +€87 | |
| Remuneration, social security and pensions | 62 | - | €5,665 | +€5,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,103 | €1,497 | -€606 | -28.8% |
| Other operating charges | 640/8 | €563 | €193 | -€370 | -65.7% |
| Gross operating margin | 9900 | €4,206 | €13,086 | +€8,880 | +211.1% |
| Operating profit (loss) | 9901 | €1,540 | €5,731 | +€4,191 | +272.2% |
| Financial income | 75/76B | €2,334 | €2,299 | -€35 | -1.5% |
| Recurring financial income | 75 | €2,334 | €2,299 | -€35 | -1.5% |
| Financial charges | 65/66B | €34 | €358 | +€324 | +960.7% |
| Recurring financial charges | 65 | €34 | €358 | +€324 | +960.7% |
| Profit (loss) for the period before taxes | 9903 | €3,840 | €7,672 | +€3,832 | +99.8% |
| Profit (loss) for the period | 9904 | €3,840 | €7,672 | +€3,832 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,840 | €7,672 | +€3,832 | +99.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.