GLADE FIVE: 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.
GLADE FIVE
Largest movements
- Receivables within one year -€61,234
down €61,234 (-80.1%), from €76,419 to €15,185
of which Other amounts receivable: -€54,102
- Cash -€7,255
down €7,255 (-48.7%), from €14,904 to €7,649
mainly Trade debts (-€38,462) and Other debts (-€12,172)
- Tangible fixed assets -€4,000
down €4,000 (-21.0%), from €19,003 to €15,003
- Deferred charges and accrued income +€1,502
new in 2025: €1,502
- Trade debts -€38,462
down €38,462 (-86.0%), from €44,713 to €6,251
- Other debts -€12,172
down €12,172 (-100.0%), from €12,172 to €0
- Tax, wage and social debts -€10,239
down €10,239 (-100.0%), from €10,239 to €0
of which Remuneration and social security: -€7,500
- Profit (loss) carried forward -€10,114
down €10,114 (-23.4%), from €43,202 to €33,088
- Gross operating margin -€53,981
down €53,981, from €51,095 to -€2,887
- Other operating charges -€5,620
down €5,620 (-95.0%), from €5,917 to €298
- Depreciation +€3,003
up €3,003 (+301.1%), from €997 to €4,000
- Financial charges +€1,629
up €1,629 (+166.4%), from €979 to €2,607
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 | €110,326 | €39,338 | -€70,987 | -64.3% |
| Fixed assets | 21/28 | €19,003 | €15,003 | -€4,000 | -21.0% |
| Tangible fixed assets | 22/27 | €19,003 | €15,003 | -€4,000 | -21.0% |
| Furniture and vehicles | 24 | €19,003 | €15,003 | -€4,000 | -21.0% |
| Current assets | 29/58 | €91,323 | €24,336 | -€66,987 | -73.4% |
| Amounts receivable within one year | 40/41 | €76,419 | €15,185 | -€61,234 | -80.1% |
| Trade receivables | 40 | €16,212 | €9,080 | -€7,132 | -44.0% |
| Other amounts receivable | 41 | €60,208 | €6,105 | -€54,102 | -89.9% |
| Cash at bank and in hand | 54/58 | €14,904 | €7,649 | -€7,255 | -48.7% |
| Deferred charges and accrued income | 490/1 | - | €1,502 | +€1,502 | |
| Total equity and liabilities | 10/49 | €110,326 | €39,338 | -€70,987 | -64.3% |
| Equity | 10/15 | €43,202 | €33,088 | -€10,114 | -23.4% |
| Profit (loss) carried forward | 14 | €43,202 | €33,088 | -€10,114 | -23.4% |
| Amounts payable | 17/49 | €67,124 | €6,251 | -€60,873 | -90.7% |
| Amounts payable within one year | 42/48 | €67,124 | €6,251 | -€60,873 | -90.7% |
| Trade debts | 44 | €44,713 | €6,251 | -€38,462 | -86.0% |
| Suppliers | 440/4 | €44,713 | €6,251 | -€38,462 | -86.0% |
| Taxes, remuneration and social security | 45 | €10,239 | €0 | -€10,239 | -100.0% |
| Taxes | 450/3 | €2,739 | €0 | -€2,739 | -100.0% |
| Remuneration and social security | 454/9 | €7,500 | €0 | -€7,500 | -100.0% |
| Other amounts payable | 47/48 | €12,172 | €0 | -€12,172 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €323 | +€323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €997 | €4,000 | +€3,003 | +301.1% |
| Other operating charges | 640/8 | €5,917 | €298 | -€5,620 | -95.0% |
| Gross operating margin | 9900 | €51,095 | -€2,887 | -€53,981 | |
| Operating profit (loss) | 9901 | €44,180 | -€7,507 | -€51,687 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €979 | €2,607 | +€1,629 | +166.4% |
| Recurring financial charges | 65 | €979 | €2,607 | +€1,629 | +166.4% |
| Profit (loss) for the period before taxes | 9903 | €43,202 | -€10,114 | -€53,316 | |
| Profit (loss) for the period | 9904 | €43,202 | -€10,114 | -€53,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,202 | -€10,114 | -€53,316 |
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 7 October 2026 via checked.be.