GLAREOLUS: 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.
GLAREOLUS
Largest movements
- Cash +€22,005
up €22,005 (+21.7%), from €101,410 to €123,415
mainly Net result for the year (+€22,569) and Tax, wage and social debts (+€11,817)
- Receivables within one year +€11,094
up €11,094 (+215.0%), from €5,161 to €16,255
of which Trade receivables: +€11,127
- Reserves +€22,569
up €22,569 (+24.2%), from €93,361 to €115,930
of which Distributable reserves: +€22,569
- Tax, wage and social debts +€11,817
up €11,817 (+172.3%), from €6,858 to €18,675
- Gross operating margin +€14,448
up €14,448 (+55.8%), from €25,884 to €40,333
- Taxes +€5,411
up €5,411 (+89.7%), from €6,032 to €11,443
- Financial charges -€573
down €573 (-17.6%), from €3,251 to €2,678
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,451 | €147,579 | +€34,128 | +30.1% |
| Fixed assets | 21/28 | €6,880 | €6,649 | -€231 | -3.4% |
| Tangible fixed assets | 22/27 | €6,855 | €6,624 | -€231 | -3.4% |
| Plant, machinery and equipment | 23 | €3,337 | €2,444 | -€894 | -26.8% |
| Furniture and vehicles | 24 | €940 | €2,313 | +€1,373 | +146.0% |
| Other tangible fixed assets | 26 | €2,577 | €1,867 | -€710 | -27.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €106,571 | €140,930 | +€34,359 | +32.2% |
| Amounts receivable within one year | 40/41 | €5,161 | €16,255 | +€11,094 | +215.0% |
| Trade receivables | 40 | €3,160 | €14,287 | +€11,127 | +352.1% |
| Other amounts receivable | 41 | €2,001 | €1,968 | -€33 | -1.7% |
| Cash at bank and in hand | 54/58 | €101,410 | €123,415 | +€22,005 | +21.7% |
| Deferred charges and accrued income | 490/1 | - | €1,260 | +€1,260 | |
| Total equity and liabilities | 10/49 | €113,451 | €147,579 | +€34,128 | +30.1% |
| Equity | 10/15 | €105,761 | €128,330 | +€22,569 | +21.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €93,361 | €115,930 | +€22,569 | +24.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,501 | €114,070 | +€22,569 | +24.7% |
| Amounts payable | 17/49 | €7,690 | €19,249 | +€11,559 | +150.3% |
| Amounts payable within one year | 42/48 | €7,690 | €19,249 | +€11,559 | +150.3% |
| Trade debts | 44 | €832 | €529 | -€304 | -36.5% |
| Suppliers | 440/4 | €832 | €529 | -€304 | -36.5% |
| Taxes, remuneration and social security | 45 | €6,858 | €18,675 | +€11,817 | +172.3% |
| Taxes | 450/3 | €6,858 | €18,675 | +€11,817 | +172.3% |
| Other amounts payable | 47/48 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,853 | €2,526 | -€327 | -11.5% |
| Other operating charges | 640/8 | €954 | €764 | -€191 | -20.0% |
| Non-recurring operating charges | 66A | - | €353 | +€353 | |
| Gross operating margin | 9900 | €25,884 | €40,333 | +€14,448 | +55.8% |
| Operating profit (loss) | 9901 | €22,077 | €36,690 | +€14,613 | +66.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,251 | €2,678 | -€573 | -17.6% |
| Recurring financial charges | 65 | €3,251 | €2,678 | -€573 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €18,826 | €34,012 | +€15,186 | +80.7% |
| Income taxes | 67/77 | €6,032 | €11,443 | +€5,411 | +89.7% |
| Profit (loss) for the period | 9904 | €12,794 | €22,569 | +€9,775 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,794 | €22,569 | +€9,775 | +76.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.