GLAM HOLDING: 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.
GLAM HOLDING
Largest movements
- Cash -€2,795
down €2,795 (-58.3%), from €4,799 to €2,003
mainly Net result for the year (-€335,281) and Deferred charges and accrued income (-€40)
- Profit (loss) carried forward -€335,281
down €335,281 (-0.3%), from -€110.1m to -€110.4m
- Debts after one year +€284,030
up €284,030 (+0.4%), from €67.9m to €68.2m
- Other debts +€40,000
up €40,000 (+38.9%), from €102,781 to €142,781
- Trade debts +€8,496
up €8,496 (+432%), from €1,967 to €10,463
- Financial charges -€84,645
down €84,645 (-11.5%), from €737,838 to €653,193
of which Financial charges: -€70,000
- Financial income -€54,646
down €54,646 (-14.3%), from €383,301 to €328,656
- Other operating charges -€450
down €450 (-46.5%), from €968 to €518
- Gross operating margin -€246
down €246 (-2.5%), from -€9,979 to -€10,226
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,874 | €10,119 | -€2,756 | -21.4% |
| Current assets | 29/58 | €12,874 | €10,119 | -€2,756 | -21.4% |
| Amounts receivable within one year | 40/41 | €6,135 | €6,135 | = | 0.0% |
| Other amounts receivable | 41 | €6,135 | €6,135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,799 | €2,003 | -€2,795 | -58.3% |
| Deferred charges and accrued income | 490/1 | €1,941 | €1,981 | +€40 | +2.0% |
| Total equity and liabilities | 10/49 | €12,874 | €10,119 | -€2,756 | -21.4% |
| Equity | 10/15 | -€68,020,036 | -€68,355,317 | -€335,281 | -0.5% |
| Contributions | 10/11 | €42,061,500 | €42,061,500 | = | 0.0% |
| Capital | 10 | €42,061,500 | €42,061,500 | = | 0.0% |
| Issued capital | 100 | €42,061,500 | €42,061,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,081,536 | -€110,416,817 | -€335,281 | -0.3% |
| Amounts payable | 17/49 | €68,032,911 | €68,365,436 | +€332,525 | +0.5% |
| Amounts payable after more than one year | 17 | €67,928,163 | €68,212,192 | +€284,030 | +0.4% |
| Other amounts payable | 178/9 | €67,928,163 | €68,212,192 | +€284,030 | +0.4% |
| Amounts payable within one year | 42/48 | €104,748 | €153,244 | +€48,496 | +46.3% |
| Trade debts | 44 | €1,967 | €10,463 | +€8,496 | +432% |
| Suppliers | 440/4 | €1,967 | €10,463 | +€8,496 | +432% |
| Other amounts payable | 47/48 | €102,781 | €142,781 | +€40,000 | +38.9% |
| Other operating charges | 640/8 | €968 | €518 | -€450 | -46.5% |
| Gross operating margin | 9900 | -€9,979 | -€10,226 | -€246 | -2.5% |
| Operating profit (loss) | 9901 | -€10,947 | -€10,743 | +€203 | +1.9% |
| Financial income | 75/76B | €383,301 | €328,656 | -€54,646 | -14.3% |
| Recurring financial income | 75 | €383,301 | €328,656 | -€54,646 | -14.3% |
| Financial charges | 65/66B | €737,838 | €653,193 | -€84,645 | -11.5% |
| Recurring financial charges | 65 | €354,537 | €284,538 | -€70,000 | -19.7% |
| Non-recurring financial charges | 66B | €383,301 | €368,656 | -€14,646 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€365,484 | -€335,281 | +€30,203 | +8.3% |
| Profit (loss) for the period | 9904 | -€365,484 | -€335,281 | +€30,203 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€365,484 | -€335,281 | +€30,203 | +8.3% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.