GLAM ATH: what changed
Two fiscal 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.
GLAM ATH
Largest movements
- Tangible fixed assets -€10,161
down €10,161 (-11.5%), from €88,245 to €78,084
of which Plant, machinery and equipment: -€8,409
- Receivables within one year +€2,340
up €2,340 (+726.7%), from €322 to €2,662
of which Other amounts receivable: +€2,541
- Cash -€1,945
down €1,945 (-19.7%), from €9,889 to €7,944
mainly Trade debts (-€15,730) and Other debts (-€5,102)
- Trade debts -€15,730
down €15,730 (-24.7%), from €63,802 to €48,072
- Profit (loss) carried forward +€15,209
up €15,209 (+24.4%), from -€62,450 to -€47,241
- Other debts -€5,102
down €5,102 (-8.9%), from €57,460 to €52,358
- Tax, wage and social debts -€4,274
down €4,274 (-12.3%), from €34,695 to €30,421
of which Taxes: -€3,635
- Gross operating margin +€89,139
up €89,139 (+97.4%), from €91,521 to €180,660
- Staff costs +€51,113
up €51,113 (+35.8%), from €142,867 to €193,980
- Financial income +€48,289
up €48,289 (+2414450.0%), from €2 to €48,291
- Depreciation +€5,761
up €5,761 (+73.4%), from €7,854 to €13,615
- Financial charges +€2,713
up €2,713 (+84.1%), from €3,227 to €5,940
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,176 | €89,447 | -€9,729 | -9.8% |
| Fixed assets | 21/28 | €88,365 | €78,204 | -€10,161 | -11.5% |
| Tangible fixed assets | 22/27 | €88,245 | €78,084 | -€10,161 | -11.5% |
| Plant, machinery and equipment | 23 | €76,330 | €67,921 | -€8,409 | -11.0% |
| Furniture and vehicles | 24 | €2,215 | €1,551 | -€664 | -30.0% |
| Other tangible fixed assets | 26 | €9,700 | €8,612 | -€1,088 | -11.2% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €10,811 | €11,243 | +€432 | +4.0% |
| Amounts receivable within one year | 40/41 | €322 | €2,662 | +€2,340 | +726.7% |
| Trade receivables | 40 | €322 | €121 | -€201 | -62.4% |
| Other amounts receivable | 41 | - | €2,541 | +€2,541 | |
| Cash at bank and in hand | 54/58 | €9,889 | €7,944 | -€1,945 | -19.7% |
| Deferred charges and accrued income | 490/1 | €600 | €637 | +€37 | +6.2% |
| Total equity and liabilities | 10/49 | €99,176 | €89,447 | -€9,729 | -9.8% |
| Equity | 10/15 | -€57,450 | -€42,241 | +€15,209 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,450 | -€47,241 | +€15,209 | +24.4% |
| Amounts payable | 17/49 | €156,626 | €131,688 | -€24,938 | -15.9% |
| Amounts payable within one year | 42/48 | €155,957 | €130,851 | -€25,106 | -16.1% |
| Trade debts | 44 | €63,802 | €48,072 | -€15,730 | -24.7% |
| Suppliers | 440/4 | €63,802 | €48,072 | -€15,730 | -24.7% |
| Taxes, remuneration and social security | 45 | €34,695 | €30,421 | -€4,274 | -12.3% |
| Taxes | 450/3 | €6,376 | €2,741 | -€3,635 | -57.0% |
| Remuneration and social security | 454/9 | €28,319 | €27,680 | -€639 | -2.3% |
| Other amounts payable | 47/48 | €57,460 | €52,358 | -€5,102 | -8.9% |
| Accrued charges and deferred income | 492/3 | €669 | €837 | +€168 | +25.1% |
| Remuneration, social security and pensions | 62 | €142,867 | €193,980 | +€51,113 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,854 | €13,615 | +€5,761 | +73.4% |
| Other operating charges | 640/8 | €25 | €207 | +€182 | +728.0% |
| Gross operating margin | 9900 | €91,521 | €180,660 | +€89,139 | +97.4% |
| Operating profit (loss) | 9901 | -€59,225 | -€27,142 | +€32,083 | +54.2% |
| Financial income | 75/76B | €2 | €48,291 | +€48,289 | +2414450.0% |
| Recurring financial income | 75 | €2 | €48,291 | +€48,289 | +2414450.0% |
| Financial charges | 65/66B | €3,227 | €5,940 | +€2,713 | +84.1% |
| Recurring financial charges | 65 | €3,227 | €5,940 | +€2,713 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | -€62,450 | €15,209 | +€77,659 | |
| Profit (loss) for the period | 9904 | -€62,450 | €15,209 | +€77,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,450 | €15,209 | +€77,659 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.