Gladiator WorX Europe: what changed
Gladiator WorX Europe
Largest movements
- Cash +€57,319
up €57,319 (+104%), from €54,880 to €112,199
mainly Investment in fixed assets (net) (+€53,820) and Trade debts (+€40,402)
- Financial fixed assets -€53,820
down €53,820 (-100%), from €53,820 to €0
- Receivables within one year -€23,404
down €23,404 (-45.7%), from €51,232 to €27,828
of which Trade receivables: -€17,644
- Stocks and contracts +€19,837
up €19,837 (+28.5%), from €69,630 to €89,466
- Profit (loss) carried forward -€41,005
down €41,005 (-91.4%), from €44,870 to €3,865
- Trade debts +€40,402
up €40,402 (+190%), from €21,212 to €61,614
- Gross operating margin +€15,871
up €15,871 (+325%), from €4,888 to €20,759
- Financial income -€4,508
down €4,508 (-50.0%), from €9,020 to €4,512
- Financial charges +€3,426
up €3,426 (+242%), from €1,418 to €4,844
- Other operating charges -€2,437
down €2,437 (-46.0%), from €5,300 to €2,863
- Taxes +€2,422
up €2,422 (+129%), from €1,877 to €4,299
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,842 | €231,538 | +€696 | +0.3% |
| Fixed assets | 21/28 | €55,101 | €830 | -€54,270 | -98.5% |
| Tangible fixed assets | 22/27 | €1,281 | €830 | -€450 | -35.2% |
| Plant, machinery and equipment | 23 | €1,281 | €830 | -€450 | -35.2% |
| Financial fixed assets | 28 | €53,820 | €0 | -€53,820 | -100% |
| Current assets | 29/58 | €175,742 | €230,708 | +€54,966 | +31.3% |
| Stocks and contracts in progress | 3 | €69,630 | €89,466 | +€19,837 | +28.5% |
| Stocks | 30/36 | €69,630 | €89,466 | +€19,837 | +28.5% |
| Amounts receivable within one year | 40/41 | €51,232 | €27,828 | -€23,404 | -45.7% |
| Trade receivables | 40 | €39,505 | €21,861 | -€17,644 | -44.7% |
| Other amounts receivable | 41 | €11,727 | €5,967 | -€5,760 | -49.1% |
| Cash at bank and in hand | 54/58 | €54,880 | €112,199 | +€57,319 | +104% |
| Deferred charges and accrued income | 490/1 | - | €1,214 | +€1,214 | |
| Total equity and liabilities | 10/49 | €230,842 | €231,538 | +€696 | +0.3% |
| Equity | 10/15 | €204,870 | €163,865 | -€41,005 | -20.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,870 | €3,865 | -€41,005 | -91.4% |
| Amounts payable | 17/49 | €25,972 | €67,673 | +€41,701 | +161% |
| Amounts payable within one year | 42/48 | €25,972 | €67,673 | +€41,701 | +161% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,212 | €61,614 | +€40,402 | +190% |
| Suppliers | 440/4 | €21,212 | €61,614 | +€40,402 | +190% |
| Taxes, remuneration and social security | 45 | €0 | €1,299 | +€1,299 | |
| Taxes | 450/3 | €0 | €1,299 | +€1,299 | |
| Other amounts payable | 47/48 | €4,760 | €4,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €450 | +€380 | +540% |
| Other operating charges | 640/8 | €5,300 | €2,863 | -€2,437 | -46.0% |
| Non-recurring operating charges | 66A | - | €53,820 | +€53,820 | |
| Gross operating margin | 9900 | €4,888 | €20,759 | +€15,871 | +325% |
| Operating profit (loss) | 9901 | -€482 | -€36,374 | -€35,892 | -7,444% |
| Financial income | 75/76B | €9,020 | €4,512 | -€4,508 | -50.0% |
| Recurring financial income | 75 | €9,020 | €4,512 | -€4,508 | -50.0% |
| Financial charges | 65/66B | €1,418 | €4,844 | +€3,426 | +242% |
| Recurring financial charges | 65 | €1,418 | €4,844 | +€3,426 | +242% |
| Profit (loss) for the period before taxes | 9903 | €7,120 | -€36,706 | -€43,826 | |
| Income taxes | 67/77 | €1,877 | €4,299 | +€2,422 | +129% |
| Profit (loss) for the period | 9904 | €5,242 | -€41,005 | -€46,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,242 | -€41,005 | -€46,248 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.