GLADO: 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.
GLADO
Largest movements
- Receivables within one year -€4,040
down €4,040 (-23.4%), from €17,245 to €13,205
of which Trade receivables: -€5,656
- Cash -€370
down €370 (-5.7%), from €6,497 to €6,127
mainly Tax, wage and social debts (-€9,952) and Other debts (-€8,963)
- Trade debts +€14,042
up €14,042 (+51.2%), from €27,432 to €41,474
- Tax, wage and social debts -€9,952
down €9,952 (-73.3%), from €13,573 to €3,621
of which Remuneration and social security: -€8,707
- Other debts -€8,963
down €8,963 (-93.1%), from €9,623 to €660
- Profit (loss) carried forward +€464
up €464 (+1.3%), from -€34,945 to -€34,481
- Gross operating margin +€8,365
up €8,365 (+216.3%), from €3,867 to €12,232
- Other operating charges -€4,402
down €4,402 (-50.9%), from €8,649 to €4,247
- Depreciation -€4,191
no longer reported in 2025 (was €4,191)
- Staff costs -€360
no longer reported in 2025 (was €360)
- Financial charges +€281
up €281 (+46.8%), from €599 to €880
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 | €23,743 | €19,333 | -€4,410 | -18.6% |
| Current assets | 29/58 | €23,743 | €19,333 | -€4,410 | -18.6% |
| Amounts receivable within one year | 40/41 | €17,245 | €13,205 | -€4,040 | -23.4% |
| Trade receivables | 40 | €17,245 | €11,589 | -€5,656 | -32.8% |
| Other amounts receivable | 41 | - | €1,616 | +€1,616 | |
| Cash at bank and in hand | 54/58 | €6,497 | €6,127 | -€370 | -5.7% |
| Total equity and liabilities | 10/49 | €23,743 | €19,333 | -€4,410 | -18.6% |
| Equity | 10/15 | -€26,886 | -€26,422 | +€464 | +1.7% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,945 | -€34,481 | +€464 | +1.3% |
| Amounts payable | 17/49 | €50,628 | €45,755 | -€4,874 | -9.6% |
| Amounts payable within one year | 42/48 | €50,628 | €45,755 | -€4,874 | -9.6% |
| Trade debts | 44 | €27,432 | €41,474 | +€14,042 | +51.2% |
| Suppliers | 440/4 | €27,432 | €41,474 | +€14,042 | +51.2% |
| Taxes, remuneration and social security | 45 | €13,573 | €3,621 | -€9,952 | -73.3% |
| Taxes | 450/3 | €4,866 | €3,621 | -€1,245 | -25.6% |
| Remuneration and social security | 454/9 | €8,707 | - | -€8,707 | |
| Other amounts payable | 47/48 | €9,623 | €660 | -€8,963 | -93.1% |
| Remuneration, social security and pensions | 62 | €360 | - | -€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,191 | - | -€4,191 | |
| Other operating charges | 640/8 | €8,649 | €4,247 | -€4,402 | -50.9% |
| Gross operating margin | 9900 | €3,867 | €12,232 | +€8,365 | +216.3% |
| Operating profit (loss) | 9901 | -€9,334 | €7,985 | +€17,318 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €599 | €880 | +€281 | +46.8% |
| Recurring financial charges | 65 | €599 | €880 | +€281 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,923 | €7,105 | +€17,027 | |
| Income taxes | 67/77 | €223 | - | -€223 | |
| Profit (loss) for the period | 9904 | -€10,146 | €7,105 | +€17,251 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,146 | €7,105 | +€17,251 |
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 9 October 2026 via checked.be.