GLADOU: 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.
GLADOU
Largest movements
- Receivables within one year -€4,235
down €4,235 (-15.9%), from €26,601 to €22,366
of which Trade receivables: -€4,235
- Cash +€2,257
up €2,257 (+893.3%), from €253 to €2,509
mainly Other debts (+€38,970) and Receivables within one year (+€4,235)
- Tangible fixed assets -€1,976
down €1,976 (-55.9%), from €3,538 to €1,562
of which Furniture and vehicles: -€2,594
- Stocks and contracts +€1,284
up €1,284 (+8.7%), from €14,817 to €16,100
- Deferred charges and accrued income -€1,132
down €1,132 (-66.6%), from €1,698 to €566
- Other debts +€38,970
up €38,970 (+95.7%), from €40,704 to €79,674
- Trade debts -€17,056
down €17,056 (-40.4%), from €42,253 to €25,198
- Profit (loss) carried forward -€15,618
down €15,618 (-22.7%), from -€68,942 to -€84,560
- Debts after one year -€6,430
down €6,430 (-37.6%), from €17,117 to €10,687
- Tax, wage and social debts -€3,378
down €3,378 (-50.7%), from €6,666 to €3,288
of which Taxes: -€2,578
- Gross operating margin +€14,286
up €14,286, from -€13,809 to €476
- Other operating charges -€792
down €792 (-7.2%), from €10,985 to €10,193
- Financial charges +€646
up €646 (+25.2%), from €2,566 to €3,211
- Depreciation -€611
down €611 (-18.2%), from €3,366 to €2,755
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 | €46,906 | €43,104 | -€3,802 | -8.1% |
| Fixed assets | 21/28 | €3,538 | €1,562 | -€1,976 | -55.9% |
| Tangible fixed assets | 22/27 | €3,538 | €1,562 | -€1,976 | -55.9% |
| Furniture and vehicles | 24 | €2,817 | €223 | -€2,594 | -92.1% |
| Other tangible fixed assets | 26 | €721 | €1,338 | +€618 | +85.7% |
| Current assets | 29/58 | €43,368 | €41,543 | -€1,826 | -4.2% |
| Stocks and contracts in progress | 3 | €14,817 | €16,100 | +€1,284 | +8.7% |
| Stocks | 30/36 | €14,817 | €16,100 | +€1,284 | +8.7% |
| Amounts receivable within one year | 40/41 | €26,601 | €22,366 | -€4,235 | -15.9% |
| Trade receivables | 40 | €23,601 | €19,366 | -€4,235 | -17.9% |
| Other amounts receivable | 41 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253 | €2,509 | +€2,257 | +893.3% |
| Deferred charges and accrued income | 490/1 | €1,698 | €566 | -€1,132 | -66.6% |
| Total equity and liabilities | 10/49 | €46,906 | €43,104 | -€3,802 | -8.1% |
| Equity | 10/15 | -€66,942 | -€82,560 | -€15,618 | -23.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,942 | -€84,560 | -€15,618 | -22.7% |
| Amounts payable | 17/49 | €113,848 | €125,664 | +€11,817 | +10.4% |
| Amounts payable after more than one year | 17 | €17,117 | €10,687 | -€6,430 | -37.6% |
| Financial debts | 170/4 | €17,117 | €10,687 | -€6,430 | -37.6% |
| Amounts payable within one year | 42/48 | €96,731 | €114,977 | +€18,247 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €7,107 | €6,817 | -€290 | -4.1% |
| Trade debts | 44 | €42,253 | €25,198 | -€17,056 | -40.4% |
| Suppliers | 440/4 | €42,253 | €25,198 | -€17,056 | -40.4% |
| Taxes, remuneration and social security | 45 | €6,666 | €3,288 | -€3,378 | -50.7% |
| Taxes | 450/3 | €4,866 | €2,288 | -€2,578 | -53.0% |
| Remuneration and social security | 454/9 | €1,800 | €1,000 | -€800 | -44.4% |
| Other amounts payable | 47/48 | €40,704 | €79,674 | +€38,970 | +95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,366 | €2,755 | -€611 | -18.2% |
| Other operating charges | 640/8 | €10,985 | €10,193 | -€792 | -7.2% |
| Non-recurring operating charges | 66A | €16 | - | -€16 | |
| Gross operating margin | 9900 | -€13,809 | €476 | +€14,286 | |
| Operating profit (loss) | 9901 | -€28,177 | -€12,472 | +€15,705 | +55.7% |
| Financial income | 75/76B | €48 | €65 | +€17 | +36.7% |
| Recurring financial income | 75 | €48 | €65 | +€17 | +36.7% |
| Financial charges | 65/66B | €2,566 | €3,211 | +€646 | +25.2% |
| Recurring financial charges | 65 | €2,566 | €3,211 | +€646 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,695 | -€15,618 | +€15,077 | +49.1% |
| Profit (loss) for the period | 9904 | -€30,695 | -€15,618 | +€15,077 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,695 | -€15,618 | +€15,077 | +49.1% |
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 10 October 2026 via checked.be.