GLAIN PROJECTS: 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.
GLAIN PROJECTS
Largest movements
- Receivables after one year +€5,450
new in 2025: €5,450
- Cash -€5,449
down €5,449 (-63.0%), from €8,642 to €3,193
mainly Receivables after one year (-€5,450) and Stocks and contracts (-€3,125)
- Receivables within one year -€5,073
down €5,073 (-86.8%), from €5,846 to €773
- Stocks and contracts +€3,125
up €3,125 (+595%), from €525 to €3,650
- Profit (loss) carried forward -€2,231
down €2,231 (-14.3%), from -€15,597 to -€17,827
- Accrued charges and deferred income +€848
new in 2025: €848
- Trade debts -€563
down €563 (-92.4%), from €609 to €46
- Financial charges -€1,291
down €1,291 (-43.2%), from €2,991 to €1,700
- Gross operating margin +€591
up €591 (+72.9%), from -€810 to -€219
- Other operating charges -€157
down €157 (-25.4%), from €619 to €462
- Financial income -€25
down €25 (-14.5%), from €175 to €150
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 | €15,013 | €13,067 | -€1,946 | -13.0% |
| Current assets | 29/58 | €15,013 | €13,067 | -€1,946 | -13.0% |
| Amounts receivable after more than one year | 29 | - | €5,450 | +€5,450 | |
| Other amounts receivable | 291 | - | €5,450 | +€5,450 | |
| Stocks and contracts in progress | 3 | €525 | €3,650 | +€3,125 | +595% |
| Stocks | 30/36 | €525 | €3,650 | +€3,125 | +595% |
| Amounts receivable within one year | 40/41 | €5,846 | €773 | -€5,073 | -86.8% |
| Other amounts receivable | 41 | €5,846 | €773 | -€5,073 | -86.8% |
| Cash at bank and in hand | 54/58 | €8,642 | €3,193 | -€5,449 | -63.0% |
| Total equity and liabilities | 10/49 | €15,013 | €13,067 | -€1,946 | -13.0% |
| Equity | 10/15 | €14,403 | €12,173 | -€2,231 | -15.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,597 | -€17,827 | -€2,231 | -14.3% |
| Amounts payable | 17/49 | €609 | €894 | +€285 | +46.8% |
| Amounts payable within one year | 42/48 | €609 | €46 | -€563 | -92.4% |
| Trade debts | 44 | €609 | €46 | -€563 | -92.4% |
| Suppliers | 440/4 | €609 | €46 | -€563 | -92.4% |
| Accrued charges and deferred income | 492/3 | - | €848 | +€848 | |
| Other operating charges | 640/8 | €619 | €462 | -€157 | -25.4% |
| Gross operating margin | 9900 | -€810 | -€219 | +€591 | +72.9% |
| Operating profit (loss) | 9901 | -€1,429 | -€681 | +€748 | +52.3% |
| Financial income | 75/76B | €175 | €150 | -€25 | -14.5% |
| Recurring financial income | 75 | €175 | €150 | -€25 | -14.5% |
| Financial charges | 65/66B | €2,991 | €1,700 | -€1,291 | -43.2% |
| Recurring financial charges | 65 | €2,991 | €1,700 | -€1,291 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,245 | -€2,231 | +€2,014 | +47.4% |
| Profit (loss) for the period | 9904 | -€4,245 | -€2,231 | +€2,014 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,245 | -€2,231 | +€2,014 | +47.4% |
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 16 October 2026 via checked.be.