GLARE AGENCY: what changed
GLARE AGENCY
Largest movements
- Receivables within one year -€9,093
down €9,093 (-59.6%), from €15,267 to €6,174
of which Trade receivables: -€6,985
- Cash +€4,402
up €4,402 (+21.8%), from €20,171 to €24,573
mainly Other debts (+€15,000) and Net result for the year (+€13,329)
- Trade debts -€18,019
down €18,019 (-100%), from €18,019 to €0
- Other debts +€15,000
new in 2026: €15,000
- Reserves -€13,670
down €13,670 (-58.4%), from €23,418 to €9,748
of which Distributable reserves: -€7,670
- Contributions +€6,000
new in 2026: €6,000
- Profit (loss) carried forward +€5,999
up €5,999, from -€5,999 to €0
- Gross operating margin +€4,880
up €4,880 (+42.4%), from €11,504 to €16,384
- Taxes +€2,471
up €2,471, from €0 to €2,471
- Other operating charges -€252
down €252 (-32.7%), from €772 to €520
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,438 | €30,748 | -€4,691 | -13.2% |
| Current assets | 29/58 | €35,438 | €30,748 | -€4,691 | -13.2% |
| Amounts receivable within one year | 40/41 | €15,267 | €6,174 | -€9,093 | -59.6% |
| Trade receivables | 40 | €11,212 | €4,227 | -€6,985 | -62.3% |
| Other amounts receivable | 41 | €4,055 | €1,947 | -€2,108 | -52.0% |
| Cash at bank and in hand | 54/58 | €20,171 | €24,573 | +€4,402 | +21.8% |
| Total equity and liabilities | 10/49 | €35,438 | €30,748 | -€4,691 | -13.2% |
| Equity | 10/15 | €17,419 | €15,748 | -€1,671 | -9.6% |
| Contributions | 10/11 | - | €6,000 | +€6,000 | |
| Reserves | 13 | €23,418 | €9,748 | -€13,670 | -58.4% |
| Non-distributable reserves | 130/1 | €6,000 | €0 | -€6,000 | -100% |
| Reserves not available under the articles | 1311 | €6,000 | €0 | -€6,000 | -100% |
| Distributable reserves | 133 | €17,418 | €9,748 | -€7,670 | -44.0% |
| Profit (loss) carried forward | 14 | -€5,999 | €0 | +€5,999 | |
| Amounts payable | 17/49 | €18,019 | €15,000 | -€3,019 | -16.8% |
| Amounts payable within one year | 42/48 | €18,019 | €15,000 | -€3,019 | -16.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €18,019 | €0 | -€18,019 | -100% |
| Suppliers | 440/4 | €18,019 | €0 | -€18,019 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €772 | €520 | -€252 | -32.7% |
| Non-recurring operating charges | 66A | €16,637 | €0 | -€16,637 | -100% |
| Gross operating margin | 9900 | €11,504 | €16,384 | +€4,880 | +42.4% |
| Operating profit (loss) | 9901 | -€5,905 | €15,864 | +€21,769 | |
| Financial charges | 65/66B | €94 | €64 | -€30 | -32.0% |
| Recurring financial charges | 65 | €94 | €64 | -€30 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,999 | €15,800 | +€21,799 | |
| Income taxes | 67/77 | €0 | €2,471 | +€2,471 | |
| Profit (loss) for the period | 9904 | -€5,999 | €13,329 | +€19,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,999 | €13,329 | +€19,327 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.