GLAD CONCEPT: 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.
GLAD CONCEPT
Largest movements
- Tangible fixed assets -€20,400
down €20,400 (-5.7%), from €359,838 to €339,439
of which Land and buildings: -€41,152
- Receivables within one year +€9,512
up €9,512, from €0 to €9,512
of which Trade receivables: +€9,512
- Cash +€4,864
up €4,864 (+77.6%), from €6,271 to €11,135
mainly Depreciation (+€44,979) and Net result for the year (+€34,373)
- Profit (loss) carried forward +€34,373
up €34,373 (+29.4%), from €117,085 to €151,457
- Tax, wage and social debts -€28,866
down €28,866 (-86.3%), from €33,439 to €4,573
- Debts after one year -€24,268
down €24,268 (-45.0%), from €53,911 to €29,643
- Current portion of long-term debt +€9,663
up €9,663 (+40.5%), from €23,849 to €33,512
- Gross operating margin +€99,559
up €99,559, from -€10,204 to €89,355
- Financial charges +€3,693
up €3,693 (+145.1%), from €2,546 to €6,239
- Depreciation +€2,464
up €2,464 (+5.8%), from €42,515 to €44,979
- Other operating charges +€2,166
up €2,166 (+8337.8%), from €26 to €2,192
- Taxes +€1,636
up €1,636, from €0 to €1,636
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,110 | €360,086 | -€6,024 | -1.6% |
| Fixed assets | 21/28 | €359,838 | €339,439 | -€20,400 | -5.7% |
| Tangible fixed assets | 22/27 | €359,838 | €339,439 | -€20,400 | -5.7% |
| Land and buildings | 22 | €350,061 | €308,909 | -€41,152 | -11.8% |
| Plant, machinery and equipment | 23 | - | €23,498 | +€23,498 | |
| Furniture and vehicles | 24 | €9,777 | €7,032 | -€2,745 | -28.1% |
| Current assets | 29/58 | €6,271 | €20,647 | +€14,376 | +229.2% |
| Amounts receivable within one year | 40/41 | €0 | €9,512 | +€9,512 | |
| Trade receivables | 40 | €0 | €9,512 | +€9,512 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,271 | €11,135 | +€4,864 | +77.6% |
| Total equity and liabilities | 10/49 | €366,110 | €360,086 | -€6,024 | -1.6% |
| Equity | 10/15 | €122,085 | €156,457 | +€34,373 | +28.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,085 | €151,457 | +€34,373 | +29.4% |
| Amounts payable | 17/49 | €244,025 | €203,629 | -€40,396 | -16.6% |
| Amounts payable after more than one year | 17 | €53,911 | €29,643 | -€24,268 | -45.0% |
| Financial debts | 170/4 | €53,911 | €29,643 | -€24,268 | -45.0% |
| Amounts payable within one year | 42/48 | €190,114 | €173,985 | -€16,129 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €23,849 | €33,512 | +€9,663 | +40.5% |
| Trade debts | 44 | €724 | €1,135 | +€411 | +56.8% |
| Suppliers | 440/4 | €724 | €1,135 | +€411 | +56.8% |
| Taxes, remuneration and social security | 45 | €33,439 | €4,573 | -€28,866 | -86.3% |
| Taxes | 450/3 | €33,439 | €4,573 | -€28,866 | -86.3% |
| Other amounts payable | 47/48 | €132,102 | €134,766 | +€2,664 | +2.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,515 | €44,979 | +€2,464 | +5.8% |
| Other operating charges | 640/8 | €26 | €2,192 | +€2,166 | +8337.8% |
| Gross operating margin | 9900 | -€10,204 | €89,355 | +€99,559 | |
| Operating profit (loss) | 9901 | -€52,746 | €42,184 | +€94,929 | |
| Financial income | 75/76B | €3 | €64 | +€61 | +2266.3% |
| Recurring financial income | 75 | €3 | €64 | +€61 | +2266.3% |
| Financial charges | 65/66B | €2,546 | €6,239 | +€3,693 | +145.1% |
| Recurring financial charges | 65 | €2,546 | €6,239 | +€3,693 | +145.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,289 | €36,009 | +€91,298 | |
| Income taxes | 67/77 | €0 | €1,636 | +€1,636 | |
| Profit (loss) for the period | 9904 | -€55,289 | €34,373 | +€89,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,289 | €34,373 | +€89,662 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.