GLACONS NOUS: 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.
GLACONS NOUS
Largest movements
- Tangible fixed assets -€27,943
down €27,943 (-8.1%), from €344,358 to €316,415
of which Land and buildings: -€16,108
- Cash -€13,502
down €13,502 (-70.8%), from €19,067 to €5,565
mainly Net result for the year (-€48,512) and Debts after one year (-€25,576)
- Deferred charges and accrued income +€10,443
up €10,443 (+345%), from €3,031 to €13,474
- Stocks and contracts -€9,210
down €9,210 (-47.8%), from €19,284 to €10,074
- Profit (loss) carried forward -€48,512
down €48,512 (-2,065%), from -€2,350 to -€50,862
- Debts after one year -€25,576
down €25,576 (-10.3%), from €248,702 to €223,126
- Other debts +€16,910
up €16,910 (+26.1%), from €64,830 to €81,740
- Trade debts +€13,109
up €13,109 (+18.4%), from €71,375 to €84,484
- Gross operating margin -€25,622
down €25,622 (-38.9%), from €65,794 to €40,172
- Staff costs +€22,524
up €22,524, from €0 to €22,524
- Taxes -€3,313
down €3,313 (-100%), from €3,313 to €0
- Other operating charges -€1,989
down €1,989 (-31.2%), from €6,378 to €4,389
- Depreciation +€1,268
up €1,268 (+2.7%), from €46,557 to €47,825
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 | €444,841 | €402,894 | -€41,947 | -9.4% |
| Fixed assets | 21/28 | €344,875 | €318,203 | -€26,672 | -7.7% |
| Intangible fixed assets | 21 | €517 | €1,788 | +€1,271 | +246% |
| Tangible fixed assets | 22/27 | €344,358 | €316,415 | -€27,943 | -8.1% |
| Land and buildings | 22 | €251,984 | €235,876 | -€16,108 | -6.4% |
| Plant, machinery and equipment | 23 | €31,878 | €24,924 | -€6,954 | -21.8% |
| Furniture and vehicles | 24 | €6,192 | €10,527 | +€4,335 | +70.0% |
| Leasing and similar rights | 25 | €36,954 | €27,632 | -€9,321 | -25.2% |
| Other tangible fixed assets | 26 | €17,352 | €17,456 | +€105 | +0.6% |
| Current assets | 29/58 | €99,967 | €84,692 | -€15,275 | -15.3% |
| Stocks and contracts in progress | 3 | €19,284 | €10,074 | -€9,210 | -47.8% |
| Stocks | 30/36 | €19,284 | €10,074 | -€9,210 | -47.8% |
| Amounts receivable within one year | 40/41 | €58,585 | €55,579 | -€3,006 | -5.1% |
| Trade receivables | 40 | €33,302 | €50,676 | +€17,374 | +52.2% |
| Other amounts receivable | 41 | €25,283 | €4,903 | -€20,380 | -80.6% |
| Cash at bank and in hand | 54/58 | €19,067 | €5,565 | -€13,502 | -70.8% |
| Deferred charges and accrued income | 490/1 | €3,031 | €13,474 | +€10,443 | +345% |
| Total equity and liabilities | 10/49 | €444,841 | €402,894 | -€41,947 | -9.4% |
| Equity | 10/15 | €27,650 | -€20,862 | -€48,512 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,350 | -€50,862 | -€48,512 | -2,065% |
| Amounts payable | 17/49 | €417,191 | €423,756 | +€6,565 | +1.6% |
| Amounts payable after more than one year | 17 | €248,702 | €223,126 | -€25,576 | -10.3% |
| Financial debts | 170/4 | €248,702 | €223,126 | -€25,576 | -10.3% |
| Amounts payable within one year | 42/48 | €168,489 | €200,630 | +€32,141 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €28,992 | €25,576 | -€3,417 | -11.8% |
| Financial debts | 43 | - | €3,995 | +€3,995 | |
| Credit institutions | 430/8 | - | €3,995 | +€3,995 | |
| Trade debts | 44 | €71,375 | €84,484 | +€13,109 | +18.4% |
| Suppliers | 440/4 | €71,375 | €84,484 | +€13,109 | +18.4% |
| Taxes, remuneration and social security | 45 | €3,292 | €4,836 | +€1,544 | +46.9% |
| Taxes | 450/3 | €3,292 | €0 | -€3,292 | -100% |
| Remuneration and social security | 454/9 | - | €4,836 | +€4,836 | |
| Other amounts payable | 47/48 | €64,830 | €81,740 | +€16,910 | +26.1% |
| Remuneration, social security and pensions | 62 | €0 | €22,524 | +€22,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,557 | €47,825 | +€1,268 | +2.7% |
| Other operating charges | 640/8 | €6,378 | €4,389 | -€1,989 | -31.2% |
| Non-recurring operating charges | 66A | - | €564 | +€564 | |
| Gross operating margin | 9900 | €65,794 | €40,172 | -€25,622 | -38.9% |
| Operating profit (loss) | 9901 | €12,859 | -€35,130 | -€47,989 | |
| Financial income | 75/76B | €486 | €598 | +€112 | +23.1% |
| Recurring financial income | 75 | €486 | €598 | +€112 | +23.1% |
| Financial charges | 65/66B | €15,011 | €13,980 | -€1,030 | -6.9% |
| Recurring financial charges | 65 | €15,011 | €13,980 | -€1,030 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,666 | -€48,512 | -€46,846 | -2,811% |
| Income taxes | 67/77 | €3,313 | €0 | -€3,313 | -100% |
| Profit (loss) for the period | 9904 | -€4,979 | -€48,512 | -€43,533 | -874% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,979 | -€48,512 | -€43,533 | -874% |
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 23 October 2026 via checked.be.