glamoro: 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.
What changed
glamoro
NACE 47.770, Retail sale of watches and jewellery
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€478,788
2023 · €611,519-€132,731
Equity
€4.3m
2023 · €4.6m-€271,212
Cash
€1.1m
2023 · €1.8m-€695,528
Balance sheet total
€8.0m
2023 · €6.5m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+34.4%), from €3.6m to €4.8m
of which Trade receivables: +€1.2m
- Current investments +€1.2m
new in 2024: €1.2m
- Cash -€695,528
down €695,528 (-38.6%), from €1.8m to €1.1m
mainly Receivables within one year (-€1.2m) and Current investments (-€1.2m)
- Stocks and contracts -€212,255
down €212,255 (-19.7%), from €1.1m to €865,020
Equity and liabilities
- Trade debts +€710,609
up €710,609 (+76.2%), from €932,276 to €1.6m
- Other debts +€612,813
up €612,813 (+102%), from €599,666 to €1.2m
- Accrued charges and deferred income +€272,908
up €272,908 (+74.5%), from €366,384 to €639,293
- Profit (loss) carried forward -€271,212
down €271,212 (-5.9%), from €4.6m to €4.3m
- Tax, wage and social debts +€211,564
up €211,564 (+1,537%), from €13,769 to €225,332
of which Taxes: +€210,528
Income statement
- Goods and materials -€2.4m
down €2.4m (-8.8%), from €27.2m to €24.8m
of which Purchases: -€2.3m
- Turnover -€2.4m
down €2.4m (-8.3%), from €28.4m to €26.0m
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.
Result 2023
€611,519
Turnover
-€2.4m
Other operating income
-€3,503
Goods and materials
+€2.4m
Services and other goods
-€29,282
Staff costs
-€3,566
Depreciation
+€375
Other operating charges
-€16,519
Financial income
-€134,549
Financial charges
-€1,489
Taxes
+€16,742
Result 2024
€478,788
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€1.3m
Investment
-€1.2m
Financing
-€750,000
Cash 2023
€1.8m
From operations (derived)
+€1.3m
Net result for the year
+€478,788
Depreciation
+€5,780
Stocks and contracts
+€212,255
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€13,781
Trade debts
+€710,609
Tax, wage and social debts
+€211,564
Other debts
+€612,813
Accrued charges and deferred income
+€272,908
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€4,928
Current investments
-€1.2m
Financing
-€750,000
Contributions, distributions and other
-€750,000
Cash 2024
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,503,852 | €8,040,534 | +€1.5m | +23.6% |
| Fixed assets | 21/28 | €23,289 | €22,437 | -€852 | -3.7% |
| Tangible fixed assets | 22/27 | €12,939 | €12,087 | -€852 | -6.6% |
| Furniture and vehicles | 24 | €12,939 | €12,087 | -€852 | -6.6% |
| Financial fixed assets | 28 | €10,350 | €10,350 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,350 | €10,350 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,350 | €10,350 | = | 0.0% |
| Current assets | 29/58 | €6,480,563 | €8,018,097 | +€1.5m | +23.7% |
| Stocks and contracts in progress | 3 | €1,077,275 | €865,020 | -€212,255 | -19.7% |
| Stocks | 30/36 | €1,077,275 | €865,020 | -€212,255 | -19.7% |
| Goods purchased for resale | 34 | €1,077,275 | €865,020 | -€212,255 | -19.7% |
| Amounts receivable within one year | 40/41 | €3,581,953 | €4,813,489 | +€1.2m | +34.4% |
| Trade receivables | 40 | €3,286,953 | €4,514,026 | +€1.2m | +37.3% |
| Other amounts receivable | 41 | €295,000 | €299,463 | +€4,463 | +1.5% |
| Current investments | 50/53 | - | €1,200,000 | +€1.2m | |
| Other investments | 51/53 | - | €1,200,000 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €1,799,861 | €1,104,333 | -€695,528 | -38.6% |
| Deferred charges and accrued income | 490/1 | €21,474 | €35,255 | +€13,781 | +64.2% |
| Total equity and liabilities | 10/49 | €6,503,852 | €8,040,534 | +€1.5m | +23.6% |
| Equity | 10/15 | €4,591,757 | €4,320,545 | -€271,212 | -5.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,584,757 | €4,313,545 | -€271,212 | -5.9% |
| Amounts payable | 17/49 | €1,912,095 | €3,719,990 | +€1.8m | +94.6% |
| Amounts payable within one year | 42/48 | €1,545,711 | €3,080,697 | +€1.5m | +99.3% |
| Trade debts | 44 | €932,276 | €1,642,885 | +€710,609 | +76.2% |
| Suppliers | 440/4 | €932,276 | €1,642,885 | +€710,609 | +76.2% |
| Taxes, remuneration and social security | 45 | €13,769 | €225,332 | +€211,564 | +1,537% |
| Taxes | 450/3 | €1,406 | €211,934 | +€210,528 | +14,969% |
| Remuneration and social security | 454/9 | €12,362 | €13,398 | +€1,036 | +8.4% |
| Other amounts payable | 47/48 | €599,666 | €1,212,479 | +€612,813 | +102% |
| Accrued charges and deferred income | 492/3 | €366,384 | €639,293 | +€272,908 | +74.5% |
| Operating income | 70/76A | €28,742,843 | €26,381,470 | -€2.4m | -8.2% |
| Turnover | 70 | €28,395,052 | €26,037,181 | -€2.4m | -8.3% |
| Other operating income | 74 | €347,792 | €344,289 | -€3,503 | -1.0% |
| Operating charges | 60/66A | €28,438,569 | €26,090,631 | -€2.3m | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €27,175,615 | €24,778,685 | -€2.4m | -8.8% |
| Purchases | 600/8 | €26,883,274 | €24,566,430 | -€2.3m | -8.6% |
| Change in stocks: decrease (increase) | 609 | €292,341 | €212,255 | -€80,086 | -27.4% |
| Services and other goods | 61 | €1,162,812 | €1,192,094 | +€29,282 | +2.5% |
| Remuneration, social security and pensions | 62 | €90,614 | €94,180 | +€3,566 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,155 | €5,780 | -€375 | -6.1% |
| Other operating charges | 640/8 | €3,373 | €19,892 | +€16,519 | +490% |
| Operating profit (loss) | 9901 | €304,274 | €290,839 | -€13,436 | -4.4% |
| Financial income | 75/76B | €529,153 | €394,604 | -€134,549 | -25.4% |
| Recurring financial income | 75 | €529,153 | €394,604 | -€134,549 | -25.4% |
| Income from current assets | 751 | €1,524 | - | -€1,524 | |
| Other financial income | 752/9 | €527,629 | €394,604 | -€133,025 | -25.2% |
| Financial charges | 65/66B | €16,006 | €17,495 | +€1,489 | +9.3% |
| Recurring financial charges | 65 | €16,006 | €17,495 | +€1,489 | +9.3% |
| Debt charges | 650 | €14,329 | €17,489 | +€3,160 | +22.1% |
| Other financial charges | 652/9 | €1,678 | €7 | -€1,671 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €817,421 | €667,947 | -€149,474 | -18.3% |
| Income taxes | 67/77 | €205,901 | €189,159 | -€16,742 | -8.1% |
| Taxes | 670/3 | €500,901 | €189,159 | -€311,742 | -62.2% |
| Tax adjustments and reversals of tax provisions | 77 | €295,000 | - | -€295,000 | |
| Profit (loss) for the period | 9904 | €611,519 | €478,788 | -€132,731 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €611,519 | €478,788 | -€132,731 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.