Glados Computer Science Laboratories: 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.
Glados Computer Science Laboratories
Largest movements
- Tangible fixed assets -€77,538
down €77,538 (-64.7%), from €119,901 to €42,363
of which Furniture and vehicles: -€52,629
- Receivables within one year +€19,187
up €19,187 (+25.8%), from €74,400 to €93,588
of which Other amounts receivable: +€23,195
- Financial fixed assets -€18,265
down €18,265 (-8.9%), from €204,720 to €186,455
- Cash -€13,784
down €13,784 (-75.2%), from €18,322 to €4,538
mainly Debts after one year (-€64,470) and Current portion of long-term debt (-€23,624)
- Reserves +€225,741
new in 2025: €225,741
- Profit (loss) carried forward -€220,443
down €220,443 (-100%), from €220,443 to €0
- Debts after one year -€64,470
down €64,470 (-88.4%), from €72,907 to €8,436
- Current portion of long-term debt -€23,624
down €23,624 (-74.4%), from €31,758 to €8,134
- Trade debts -€14,163
down €14,163 (-52.0%), from €27,247 to €13,084
- Gross operating margin -€65,134
down €65,134 (-50.9%), from €128,032 to €62,898
- Depreciation -€18,512
down €18,512 (-40.5%), from €45,720 to €27,208
- Taxes -€16,319
down €16,319 (-73.6%), from €22,171 to €5,852
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 | €417,542 | €329,402 | -€88,140 | -21.1% |
| Fixed assets | 21/28 | €324,621 | €228,818 | -€95,804 | -29.5% |
| Tangible fixed assets | 22/27 | €119,901 | €42,363 | -€77,538 | -64.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €55,486 | €36,888 | -€18,598 | -33.5% |
| Furniture and vehicles | 24 | €57,498 | €4,869 | -€52,629 | -91.5% |
| Leasing and similar rights | 25 | €6,917 | €605 | -€6,312 | -91.2% |
| Financial fixed assets | 28 | €204,720 | €186,455 | -€18,265 | -8.9% |
| Current assets | 29/58 | €92,921 | €100,585 | +€7,664 | +8.2% |
| Amounts receivable within one year | 40/41 | €74,400 | €93,588 | +€19,187 | +25.8% |
| Trade receivables | 40 | €9,500 | €5,493 | -€4,007 | -42.2% |
| Other amounts receivable | 41 | €64,900 | €88,095 | +€23,195 | +35.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,322 | €4,538 | -€13,784 | -75.2% |
| Deferred charges and accrued income | 490/1 | €198 | €2,459 | +€2,261 | +1,141% |
| Total equity and liabilities | 10/49 | €417,542 | €329,402 | -€88,140 | -21.1% |
| Equity | 10/15 | €225,443 | €230,741 | +€5,299 | +2.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €225,741 | +€225,741 | |
| Distributable reserves | 133 | - | €225,741 | +€225,741 | |
| Profit (loss) carried forward | 14 | €220,443 | €0 | -€220,443 | -100% |
| Amounts payable | 17/49 | €192,100 | €98,661 | -€93,438 | -48.6% |
| Amounts payable after more than one year | 17 | €72,907 | €8,436 | -€64,470 | -88.4% |
| Financial debts | 170/4 | €72,907 | €8,436 | -€64,470 | -88.4% |
| Amounts payable within one year | 42/48 | €119,193 | €90,225 | -€28,968 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €31,758 | €8,134 | -€23,624 | -74.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €27,247 | €13,084 | -€14,163 | -52.0% |
| Suppliers | 440/4 | €27,247 | €13,084 | -€14,163 | -52.0% |
| Taxes, remuneration and social security | 45 | €27,515 | €35,633 | +€8,118 | +29.5% |
| Taxes | 450/3 | €27,515 | €35,633 | +€8,118 | +29.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €32,673 | €33,374 | +€701 | +2.1% |
| Non-recurring operating income | 76A | €1,574 | €871 | -€703 | -44.7% |
| Remuneration, social security and pensions | 62 | €1,067 | €0 | -€1,067 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,720 | €27,208 | -€18,512 | -40.5% |
| Other operating charges | 640/8 | €2,779 | €2,283 | -€496 | -17.8% |
| Non-recurring operating charges | 66A | €13,503 | €21,896 | +€8,393 | +62.2% |
| Gross operating margin | 9900 | €128,032 | €62,898 | -€65,134 | -50.9% |
| Operating profit (loss) | 9901 | €64,964 | €11,512 | -€53,452 | -82.3% |
| Financial income | 75/76B | €3,746 | €3,644 | -€103 | -2.7% |
| Recurring financial income | 75 | €3,746 | €3,644 | -€103 | -2.7% |
| Financial charges | 65/66B | €4,660 | €4,005 | -€655 | -14.1% |
| Recurring financial charges | 65 | €4,660 | €4,005 | -€655 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €64,050 | €11,150 | -€52,900 | -82.6% |
| Income taxes | 67/77 | €22,171 | €5,852 | -€16,319 | -73.6% |
| Profit (loss) for the period | 9904 | €41,880 | €5,299 | -€36,581 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,880 | €5,299 | -€36,581 | -87.3% |
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 18 October 2026 via checked.be.