GLAMOROUS PROJECTS: 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.
GLAMOROUS PROJECTS
Largest movements
- Stocks and contracts +€855,292
new in 2024: €855,292
- Receivables within one year +€153,565
up €153,565 (+34.4%), from €445,925 to €599,490
of which Trade receivables: +€152,470
- Cash -€60,470
down €60,470 (-59.5%), from €101,690 to €41,219
mainly Stocks and contracts (-€855,292) and Receivables within one year (-€153,565)
- Tangible fixed assets -€40,452
down €40,452 (-17.3%), from €233,770 to €193,318
of which Furniture and vehicles: -€72,422
- Other debts +€554,062
up €554,062 (+152.2%), from €363,972 to €918,034
- Debts after one year +€312,437
up €312,437 (+259.3%), from €120,508 to €432,945
- Trade debts +€24,828
up €24,828 (+85.5%), from €29,032 to €53,860
- Reserves +€20,800
up €20,800 (+10.3%), from €202,882 to €223,682
- Depreciation -€6,896
down €6,896 (-14.0%), from €49,255 to €42,359
- Gross operating margin +€4,768
up €4,768 (+5.6%), from €85,723 to €90,491
- Taxes +€4,690
up €4,690 (+88.3%), from €5,310 to €10,000
- Financial charges +€1,700
up €1,700 (+13.5%), from €12,581 to €14,281
of which Non-recurring financial charges: +€5,659
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 | €795,231 | €1,708,697 | +€913,465 | +114.9% |
| Fixed assets | 21/28 | €239,060 | €198,743 | -€40,317 | -16.9% |
| Tangible fixed assets | 22/27 | €233,770 | €193,318 | -€40,452 | -17.3% |
| Land and buildings | 22 | €34,760 | €73,145 | +€38,385 | +110.4% |
| Plant, machinery and equipment | 23 | €61,508 | €55,093 | -€6,415 | -10.4% |
| Furniture and vehicles | 24 | €134,413 | €61,992 | -€72,422 | -53.9% |
| Assets under construction and advance payments | 27 | €3,089 | €3,089 | = | 0.0% |
| Financial fixed assets | 28 | €5,290 | €5,425 | +€135 | +2.6% |
| Current assets | 29/58 | €556,172 | €1,509,954 | +€953,782 | +171.5% |
| Stocks and contracts in progress | 3 | - | €855,292 | +€855,292 | |
| Stocks | 30/36 | - | €855,292 | +€855,292 | |
| Amounts receivable within one year | 40/41 | €445,925 | €599,490 | +€153,565 | +34.4% |
| Trade receivables | 40 | €441,489 | €593,959 | +€152,470 | +34.5% |
| Other amounts receivable | 41 | €4,436 | €5,531 | +€1,095 | +24.7% |
| Cash at bank and in hand | 54/58 | €101,690 | €41,219 | -€60,470 | -59.5% |
| Deferred charges and accrued income | 490/1 | €8,557 | €13,953 | +€5,396 | +63.1% |
| Total equity and liabilities | 10/49 | €795,231 | €1,708,697 | +€913,465 | +114.9% |
| Equity | 10/15 | €224,137 | €244,962 | +€20,825 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,882 | €223,682 | +€20,800 | +10.3% |
| Distributable reserves | 133 | €202,882 | €223,682 | +€20,800 | +10.3% |
| Profit (loss) carried forward | 14 | €2,655 | €2,680 | +€25 | +0.9% |
| Amounts payable | 17/49 | €571,094 | €1,463,735 | +€892,641 | +156.3% |
| Amounts payable after more than one year | 17 | €120,508 | €432,945 | +€312,437 | +259.3% |
| Financial debts | 170/4 | €120,508 | €432,945 | +€312,437 | +259.3% |
| Amounts payable within one year | 42/48 | €445,460 | €1,030,790 | +€585,330 | +131.4% |
| Current portion of amounts payable after more than one year | 42 | €52,456 | €54,916 | +€2,460 | +4.7% |
| Trade debts | 44 | €29,032 | €53,860 | +€24,828 | +85.5% |
| Suppliers | 440/4 | €29,032 | €53,860 | +€24,828 | +85.5% |
| Taxes, remuneration and social security | 45 | - | €3,980 | +€3,980 | |
| Taxes | 450/3 | - | €3,980 | +€3,980 | |
| Other amounts payable | 47/48 | €363,972 | €918,034 | +€554,062 | +152.2% |
| Accrued charges and deferred income | 492/3 | €5,126 | - | -€5,126 | |
| Non-recurring operating income | 76A | €32,432 | €11,118 | -€21,314 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,255 | €42,359 | -€6,896 | -14.0% |
| Other operating charges | 640/8 | €3,525 | €3,990 | +€465 | +13.2% |
| Non-recurring operating charges | 66A | €1,395 | - | -€1,395 | |
| Gross operating margin | 9900 | €85,723 | €90,491 | +€4,768 | +5.6% |
| Operating profit (loss) | 9901 | €31,549 | €44,143 | +€12,594 | +39.9% |
| Financial income | 75/76B | €527 | €963 | +€436 | +82.8% |
| Recurring financial income | 75 | €527 | €963 | +€436 | +82.8% |
| Financial charges | 65/66B | €12,581 | €14,281 | +€1,700 | +13.5% |
| Recurring financial charges | 65 | €12,581 | €8,622 | -€3,960 | -31.5% |
| Non-recurring financial charges | 66B | - | €5,659 | +€5,659 | |
| Profit (loss) for the period before taxes | 9903 | €19,494 | €30,825 | +€11,331 | +58.1% |
| Income taxes | 67/77 | €5,310 | €10,000 | +€4,690 | +88.3% |
| Profit (loss) for the period | 9904 | €14,184 | €20,825 | +€6,641 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,184 | €20,825 | +€6,641 | +46.8% |
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 2 October 2026 via checked.be.