GLAS ATELJEE: 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.
GLAS ATELJEE
Largest movements
- Current investments +€18,854
up €18,854 (+36.7%), from €51,321 to €70,175
- Tangible fixed assets -€16,717
down €16,717 (-23.6%), from €70,831 to €54,114
of which Land and buildings: -€11,244
- Stocks and contracts +€4,723
up €4,723 (+29.2%), from €16,185 to €20,908
- Cash -€3,293
down €3,293 (-2.9%), from €115,028 to €111,736
mainly Current investments (-€18,854) and Debts after one year (-€16,430)
- Reserves +€23,700
up €23,700 (+13.7%), from €173,000 to €196,700
- Debts after one year -€16,430
down €16,430 (-29.7%), from €55,315 to €38,885
- Trade debts -€5,410
down €5,410 (-49.6%), from €10,908 to €5,497
- Gross operating margin -€28,715
down €28,715 (-32.0%), from €89,645 to €60,930
- Taxes -€7,621
down €7,621 (-48.6%), from €15,697 to €8,075
- Financial income +€6,112
up €6,112 (+483.5%), from €1,264 to €7,377
- Financial charges +€1,980
up €1,980 (+37.4%), from €5,288 to €7,269
- Depreciation +€971
up €971 (+5.1%), from €18,943 to €19,914
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 | €291,093 | €292,136 | +€1,043 | +0.4% |
| Fixed assets | 21/28 | €70,831 | €54,114 | -€16,717 | -23.6% |
| Tangible fixed assets | 22/27 | €70,831 | €54,114 | -€16,717 | -23.6% |
| Land and buildings | 22 | €47,519 | €36,276 | -€11,244 | -23.7% |
| Plant, machinery and equipment | 23 | €2,375 | €4,519 | +€2,144 | +90.2% |
| Furniture and vehicles | 24 | €20,936 | €13,319 | -€7,617 | -36.4% |
| Current assets | 29/58 | €220,263 | €238,022 | +€17,759 | +8.1% |
| Stocks and contracts in progress | 3 | €16,185 | €20,908 | +€4,723 | +29.2% |
| Stocks | 30/36 | €16,185 | €20,908 | +€4,723 | +29.2% |
| Amounts receivable within one year | 40/41 | €29,668 | €27,010 | -€2,658 | -9.0% |
| Trade receivables | 40 | €27,783 | €15,018 | -€12,766 | -45.9% |
| Other amounts receivable | 41 | €1,884 | €11,992 | +€10,107 | +536.4% |
| Current investments | 50/53 | €51,321 | €70,175 | +€18,854 | +36.7% |
| Cash at bank and in hand | 54/58 | €115,028 | €111,736 | -€3,293 | -2.9% |
| Deferred charges and accrued income | 490/1 | €8,061 | €8,194 | +€133 | +1.7% |
| Total equity and liabilities | 10/49 | €291,093 | €292,136 | +€1,043 | +0.4% |
| Equity | 10/15 | €198,267 | €221,992 | +€23,726 | +12.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €173,000 | €196,700 | +€23,700 | +13.7% |
| Distributable reserves | 133 | €173,000 | €196,700 | +€23,700 | +13.7% |
| Profit (loss) carried forward | 14 | €5,267 | €5,292 | +€26 | +0.5% |
| Amounts payable | 17/49 | €92,827 | €70,144 | -€22,683 | -24.4% |
| Amounts payable after more than one year | 17 | €55,315 | €38,885 | -€16,430 | -29.7% |
| Financial debts | 170/4 | €55,315 | €38,885 | -€16,430 | -29.7% |
| Amounts payable within one year | 42/48 | €37,512 | €31,258 | -€6,254 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €15,542 | €16,430 | +€888 | +5.7% |
| Trade debts | 44 | €10,908 | €5,497 | -€5,410 | -49.6% |
| Suppliers | 440/4 | €10,908 | €5,497 | -€5,410 | -49.6% |
| Taxes, remuneration and social security | 45 | €11,062 | €9,331 | -€1,731 | -15.6% |
| Taxes | 450/3 | €7,147 | €5,462 | -€1,685 | -23.6% |
| Remuneration and social security | 454/9 | €3,915 | €3,869 | -€46 | -1.2% |
| Remuneration, social security and pensions | 62 | €5,092 | €4,842 | -€249 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,943 | €19,914 | +€971 | +5.1% |
| Other operating charges | 640/8 | €3,786 | €4,479 | +€693 | +18.3% |
| Gross operating margin | 9900 | €89,645 | €60,930 | -€28,715 | -32.0% |
| Operating profit (loss) | 9901 | €61,824 | €31,693 | -€30,131 | -48.7% |
| Financial income | 75/76B | €1,264 | €7,377 | +€6,112 | +483.5% |
| Recurring financial income | 75 | €1,264 | €7,377 | +€6,112 | +483.5% |
| Financial charges | 65/66B | €5,288 | €7,269 | +€1,980 | +37.4% |
| Recurring financial charges | 65 | €5,288 | €7,269 | +€1,980 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €57,800 | €31,801 | -€25,999 | -45.0% |
| Income taxes | 67/77 | €15,697 | €8,075 | -€7,621 | -48.6% |
| Profit (loss) for the period | 9904 | €42,103 | €23,726 | -€18,377 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,103 | €23,726 | -€18,377 | -43.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.