GLACIER PASCALINO: 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.
GLACIER PASCALINO
Largest movements
- Cash +€179,117
up €179,117 (+211.1%), from €84,852 to €263,968
mainly Net result for the year (+€186,842) and Depreciation (+€68,066)
- Receivables within one year +€23,103
up €23,103 (+20.8%), from €110,884 to €133,987
of which Other amounts receivable: +€25,793
- Tangible fixed assets -€17,694
down €17,694 (-4.5%), from €393,583 to €375,889
of which Plant, machinery and equipment: -€14,275
- Profit (loss) carried forward +€186,842
up €186,842 (+199.8%), from €93,518 to €280,359
- Tax, wage and social debts +€27,328
up €27,328 (+95.2%), from €28,709 to €56,037
of which Taxes: +€31,842
- Trade debts -€26,406
down €26,406 (-91.5%), from €28,864 to €2,458
- Gross operating margin +€217,102
up €217,102 (+56.5%), from €384,144 to €601,246
- Staff costs +€69,983
up €69,983 (+34.7%), from €201,435 to €271,418
- Purchases and services +€64,836
up €64,836 (+41.1%), from €157,828 to €222,665
- Taxes +€44,524
up €44,524 (+181.7%), from €24,505 to €69,029
- Depreciation +€37,774
up €37,774 (+124.7%), from €30,292 to €68,066
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 | €633,091 | €820,854 | +€187,764 | +29.7% |
| Fixed assets | 21/28 | €437,355 | €415,161 | -€22,194 | -5.1% |
| Intangible fixed assets | 21 | €43,125 | €38,625 | -€4,500 | -10.4% |
| Tangible fixed assets | 22/27 | €393,583 | €375,889 | -€17,694 | -4.5% |
| Plant, machinery and equipment | 23 | €155,250 | €140,975 | -€14,275 | -9.2% |
| Furniture and vehicles | 24 | €238,333 | €234,914 | -€3,419 | -1.4% |
| Financial fixed assets | 28 | €646 | €646 | = | 0.0% |
| Current assets | 29/58 | €195,736 | €405,693 | +€209,958 | +107.3% |
| Stocks and contracts in progress | 3 | - | €7,738 | +€7,738 | |
| Stocks | 30/36 | - | €7,738 | +€7,738 | |
| Amounts receivable within one year | 40/41 | €110,884 | €133,987 | +€23,103 | +20.8% |
| Trade receivables | 40 | €3,395 | €705 | -€2,690 | -79.2% |
| Other amounts receivable | 41 | €107,489 | €133,282 | +€25,793 | +24.0% |
| Cash at bank and in hand | 54/58 | €84,852 | €263,968 | +€179,117 | +211.1% |
| Total equity and liabilities | 10/49 | €633,091 | €820,854 | +€187,764 | +29.7% |
| Equity | 10/15 | €575,518 | €762,359 | +€186,842 | +32.5% |
| Contributions | 10/11 | €482,000 | €482,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,518 | €280,359 | +€186,842 | +199.8% |
| Amounts payable | 17/49 | €57,573 | €58,495 | +€922 | +1.6% |
| Amounts payable within one year | 42/48 | €57,573 | €58,495 | +€922 | +1.6% |
| Trade debts | 44 | €28,864 | €2,458 | -€26,406 | -91.5% |
| Suppliers | 440/4 | €28,864 | €2,458 | -€26,406 | -91.5% |
| Taxes, remuneration and social security | 45 | €28,709 | €56,037 | +€27,328 | +95.2% |
| Taxes | 450/3 | - | €31,842 | +€31,842 | |
| Remuneration and social security | 454/9 | €28,709 | €24,195 | -€4,515 | -15.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €157,828 | €222,665 | +€64,836 | +41.1% |
| Remuneration, social security and pensions | 62 | €201,435 | €271,418 | +€69,983 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,292 | €68,066 | +€37,774 | +124.7% |
| Other operating charges | 640/8 | €33,861 | €3,270 | -€30,591 | -90.3% |
| Gross operating margin | 9900 | €384,144 | €601,246 | +€217,102 | +56.5% |
| Operating profit (loss) | 9901 | €118,556 | €258,491 | +€139,935 | +118.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €534 | €2,621 | +€2,087 | +391.1% |
| Recurring financial charges | 65 | €534 | €2,621 | +€2,087 | +391.1% |
| Profit (loss) for the period before taxes | 9903 | €118,023 | €255,871 | +€137,848 | +116.8% |
| Income taxes | 67/77 | €24,505 | €69,029 | +€44,524 | +181.7% |
| Profit (loss) for the period | 9904 | €93,518 | €186,842 | +€93,324 | +99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,518 | €186,842 | +€93,324 | +99.8% |
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 12 October 2026 via checked.be.