Gladyshev: 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.
Gladyshev
Largest movements
- Cash -€125,450
down €125,450 (-49.2%), from €255,140 to €129,690
mainly Contributions, distributions and other (-€53,851) and Tax, wage and social debts (-€38,149)
- Receivables within one year +€37,312
up €37,312 (+13.1%), from €285,481 to €322,793
of which Trade receivables: +€34,010
- Tangible fixed assets -€16,177
down €16,177 (-19.7%), from €82,177 to €66,000
of which Furniture and vehicles: -€12,402
- Reserves -€53,851
down €53,851 (-10.5%), from €514,745 to €460,894
of which Distributable reserves: -€53,851
- Tax, wage and social debts -€38,149
down €38,149 (-86.5%), from €44,117 to €5,968
of which Taxes: -€40,649
- Profit (loss) carried forward -€15,061
new in 2025: -€15,061
- Trade debts +€8,454
up €8,454 (+43.1%), from €19,624 to €28,077
- Gross operating margin -€282,873
down €282,873, from €253,899 to -€28,974
- Taxes -€36,822
down €36,822 (-90.9%), from €40,512 to €3,690
- Financial income +€26,980
up €26,980 (+379%), from €7,117 to €34,097
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 | €660,797 | €556,482 | -€104,315 | -15.8% |
| Fixed assets | 21/28 | €82,177 | €66,000 | -€16,177 | -19.7% |
| Tangible fixed assets | 22/27 | €82,177 | €66,000 | -€16,177 | -19.7% |
| Land and buildings | 22 | €29,299 | €28,273 | -€1,026 | -3.5% |
| Plant, machinery and equipment | 23 | €14,824 | €12,074 | -€2,749 | -18.5% |
| Furniture and vehicles | 24 | €38,054 | €25,653 | -€12,402 | -32.6% |
| Current assets | 29/58 | €578,621 | €490,483 | -€88,138 | -15.2% |
| Amounts receivable within one year | 40/41 | €285,481 | €322,793 | +€37,312 | +13.1% |
| Trade receivables | 40 | €284,783 | €318,793 | +€34,010 | +11.9% |
| Other amounts receivable | 41 | €699 | €4,000 | +€3,302 | +473% |
| Current investments | 50/53 | €38,000 | €38,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €255,140 | €129,690 | -€125,450 | -49.2% |
| Total equity and liabilities | 10/49 | €660,797 | €556,482 | -€104,315 | -15.8% |
| Equity | 10/15 | €520,945 | €452,033 | -€68,912 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €514,745 | €460,894 | -€53,851 | -10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,630 | €8,630 | = | 0.0% |
| Distributable reserves | 133 | €504,255 | €450,404 | -€53,851 | -10.7% |
| Profit (loss) carried forward | 14 | - | -€15,061 | -€15,061 | |
| Amounts payable | 17/49 | €139,852 | €104,449 | -€35,403 | -25.3% |
| Amounts payable within one year | 42/48 | €139,852 | €104,449 | -€35,403 | -25.3% |
| Trade debts | 44 | €19,624 | €28,077 | +€8,454 | +43.1% |
| Suppliers | 440/4 | €19,624 | €28,077 | +€8,454 | +43.1% |
| Taxes, remuneration and social security | 45 | €44,117 | €5,968 | -€38,149 | -86.5% |
| Taxes | 450/3 | €44,117 | €3,468 | -€40,649 | -92.1% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €76,111 | €70,404 | -€5,707 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,054 | €16,177 | +€123 | +0.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €253,899 | -€28,974 | -€282,873 | |
| Operating profit (loss) | 9901 | €237,727 | -€45,271 | -€282,998 | |
| Financial income | 75/76B | €7,117 | €34,097 | +€26,980 | +379% |
| Recurring financial income | 75 | €7,117 | €34,097 | +€26,980 | +379% |
| Financial charges | 65/66B | €506 | €197 | -€309 | -61.2% |
| Recurring financial charges | 65 | €506 | €197 | -€309 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €244,337 | -€11,371 | -€255,708 | |
| Income taxes | 67/77 | €40,512 | €3,690 | -€36,822 | -90.9% |
| Profit (loss) for the period | 9904 | €203,826 | -€15,061 | -€218,886 | |
| Profit (loss) for the period to be appropriated | 9905 | €203,826 | -€15,061 | -€218,886 |
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 14 October 2026 via checked.be.