GLARECO: 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.
GLARECO
Largest movements
- Current investments +€780,000
up €780,000 (+721.3%), from €108,132 to €888,131
- Cash -€707,493
down €707,493 (-77.9%), from €907,828 to €200,335
mainly Current investments (-€780,000) and Tax, wage and social debts (-€28,538)
- Reserves +€104,962
up €104,962 (+10.5%), from €1.0m to €1.1m
of which Distributable reserves: +€104,962
- Tax, wage and social debts -€28,538
down €28,538 (-99.6%), from €28,656 to €118
- Trade debts -€16,756
down €16,756 (-59.4%), from €28,229 to €11,473
- Financial charges +€5,544
up €5,544, from -€5,467 to €78
- Depreciation -€4,115
down €4,115 (-68.5%), from €6,007 to €1,892
- Gross operating margin +€3,938
up €3,938 (+2.6%), from €151,957 to €155,895
- Financial income +€2,716
up €2,716 (+3930.0%), from €69 to €2,785
- Taxes +€2,377
up €2,377 (+5.0%), from €47,741 to €50,118
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 | €1,071,445 | €1,132,140 | +€60,694 | +5.7% |
| Fixed assets | 21/28 | €5,975 | €5,010 | -€965 | -16.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,535 | €3,570 | -€965 | -21.3% |
| Plant, machinery and equipment | 23 | €1,445 | €778 | -€667 | -46.2% |
| Furniture and vehicles | 24 | €3,090 | €2,792 | -€298 | -9.6% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €1,065,470 | €1,127,129 | +€61,659 | +5.8% |
| Amounts receivable within one year | 40/41 | €44,655 | €34,945 | -€9,710 | -21.7% |
| Trade receivables | 40 | €38,133 | €33,125 | -€5,008 | -13.1% |
| Other amounts receivable | 41 | €6,522 | €1,819 | -€4,702 | -72.1% |
| Current investments | 50/53 | €108,132 | €888,131 | +€780,000 | +721.3% |
| Cash at bank and in hand | 54/58 | €907,828 | €200,335 | -€707,493 | -77.9% |
| Deferred charges and accrued income | 490/1 | €4,856 | €3,718 | -€1,138 | -23.4% |
| Total equity and liabilities | 10/49 | €1,071,445 | €1,132,140 | +€60,694 | +5.7% |
| Equity | 10/15 | €1,014,560 | €1,119,522 | +€104,962 | +10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,002,160 | €1,107,122 | +€104,962 | +10.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,002,160 | €1,107,122 | +€104,962 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,885 | €12,618 | -€44,267 | -77.8% |
| Amounts payable within one year | 42/48 | €56,885 | €11,591 | -€45,294 | -79.6% |
| Trade debts | 44 | €28,229 | €11,473 | -€16,756 | -59.4% |
| Suppliers | 440/4 | €28,229 | €11,473 | -€16,756 | -59.4% |
| Taxes, remuneration and social security | 45 | €28,656 | €118 | -€28,538 | -99.6% |
| Taxes | 450/3 | €28,656 | €118 | -€28,538 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €1,027 | +€1,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,007 | €1,892 | -€4,115 | -68.5% |
| Other operating charges | 640/8 | €1,786 | €1,631 | -€155 | -8.7% |
| Gross operating margin | 9900 | €151,957 | €155,895 | +€3,938 | +2.6% |
| Operating profit (loss) | 9901 | €144,165 | €152,373 | +€8,208 | +5.7% |
| Financial income | 75/76B | €69 | €2,785 | +€2,716 | +3930.0% |
| Recurring financial income | 75 | €69 | €2,785 | +€2,716 | +3930.0% |
| Financial charges | 65/66B | -€5,467 | €78 | +€5,544 | |
| Recurring financial charges | 65 | -€5,467 | €78 | +€5,544 | |
| Profit (loss) for the period before taxes | 9903 | €149,700 | €155,080 | +€5,380 | +3.6% |
| Income taxes | 67/77 | €47,741 | €50,118 | +€2,377 | +5.0% |
| Profit (loss) for the period | 9904 | €101,960 | €104,962 | +€3,002 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,960 | €104,962 | +€3,002 | +2.9% |
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 3 October 2026 via checked.be.