GLAS EXPRESS: 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.
GLAS EXPRESS
Largest movements
- Cash +€355,539
up €355,539 (+94.7%), from €375,483 to €731,022
mainly Net result for the year (+€489,517) and Receivables within one year (+€265,842)
- Receivables within one year -€265,842
down €265,842 (-62.7%), from €423,840 to €157,998
of which Other amounts receivable: -€147,283
- Tangible fixed assets +€45,936
up €45,936 (+33.8%), from €135,789 to €181,725
of which Plant, machinery and equipment: +€64,365
- Reserves +€242,454
up €242,454 (+37.5%), from €646,604 to €889,058
- Trade debts -€169,266
down €169,266 (-83.0%), from €204,026 to €34,760
- Tax, wage and social debts +€56,536
up €56,536 (+122.8%), from €46,053 to €102,589
of which Taxes: +€32,688
- Debts after one year +€13,647
up €13,647 (+57.2%), from €23,858 to €37,505
- Gross operating margin +€477,529
up €477,529 (+52.0%), from €918,197 to €1.4m
- Staff costs +€116,637
up €116,637 (+19.8%), from €589,636 to €706,273
- Taxes +€97,927
up €97,927 (+119.8%), from €81,719 to €179,646
- Financial income +€24,690
up €24,690 (+244.5%), from €10,099 to €34,789
- Depreciation +€15,862
up €15,862 (+72.5%), from €21,867 to €37,729
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 | €970,077 | €1,117,087 | +€147,010 | +15.2% |
| Fixed assets | 21/28 | €135,789 | €181,725 | +€45,936 | +33.8% |
| Tangible fixed assets | 22/27 | €135,789 | €181,725 | +€45,936 | +33.8% |
| Land and buildings | 22 | €98,837 | €87,404 | -€11,433 | -11.6% |
| Plant, machinery and equipment | 23 | €10,265 | €74,630 | +€64,365 | +627.0% |
| Furniture and vehicles | 24 | €26,687 | €19,691 | -€6,996 | -26.2% |
| Current assets | 29/58 | €834,288 | €935,362 | +€101,074 | +12.1% |
| Stocks and contracts in progress | 3 | €34,965 | €39,675 | +€4,710 | +13.5% |
| Stocks | 30/36 | €34,965 | €39,675 | +€4,710 | +13.5% |
| Amounts receivable within one year | 40/41 | €423,840 | €157,998 | -€265,842 | -62.7% |
| Trade receivables | 40 | €276,002 | €157,443 | -€118,559 | -43.0% |
| Other amounts receivable | 41 | €147,838 | €555 | -€147,283 | -99.6% |
| Cash at bank and in hand | 54/58 | €375,483 | €731,022 | +€355,539 | +94.7% |
| Deferred charges and accrued income | 490/1 | - | €6,667 | +€6,667 | |
| Total equity and liabilities | 10/49 | €970,077 | €1,117,087 | +€147,010 | +15.2% |
| Equity | 10/15 | €665,204 | €907,658 | +€242,454 | +36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €646,604 | €889,058 | +€242,454 | +37.5% |
| Distributable reserves | 133 | €646,604 | €889,058 | +€242,454 | +37.5% |
| Amounts payable | 17/49 | €304,873 | €209,429 | -€95,444 | -31.3% |
| Amounts payable after more than one year | 17 | €23,858 | €37,505 | +€13,647 | +57.2% |
| Financial debts | 170/4 | €23,858 | €37,505 | +€13,647 | +57.2% |
| Amounts payable within one year | 42/48 | €281,015 | €171,924 | -€109,091 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €30,936 | €33,519 | +€2,583 | +8.3% |
| Trade debts | 44 | €204,026 | €34,760 | -€169,266 | -83.0% |
| Suppliers | 440/4 | €204,026 | €34,760 | -€169,266 | -83.0% |
| Taxes, remuneration and social security | 45 | €46,053 | €102,589 | +€56,536 | +122.8% |
| Taxes | 450/3 | €26,946 | €59,634 | +€32,688 | +121.3% |
| Remuneration and social security | 454/9 | €19,107 | €42,955 | +€23,848 | +124.8% |
| Other amounts payable | 47/48 | - | €1,056 | +€1,056 | |
| Remuneration, social security and pensions | 62 | €589,636 | €706,273 | +€116,637 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,867 | €37,729 | +€15,862 | +72.5% |
| Other operating charges | 640/8 | €7,095 | €8,306 | +€1,211 | +17.1% |
| Gross operating margin | 9900 | €918,197 | €1,395,726 | +€477,529 | +52.0% |
| Operating profit (loss) | 9901 | €299,599 | €643,418 | +€343,819 | +114.8% |
| Financial income | 75/76B | €10,099 | €34,789 | +€24,690 | +244.5% |
| Recurring financial income | 75 | €10,099 | €34,789 | +€24,690 | +244.5% |
| Financial charges | 65/66B | €4,521 | €9,044 | +€4,523 | +100.0% |
| Recurring financial charges | 65 | €4,521 | €9,044 | +€4,523 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €305,177 | €669,163 | +€363,986 | +119.3% |
| Income taxes | 67/77 | €81,719 | €179,646 | +€97,927 | +119.8% |
| Profit (loss) for the period | 9904 | €223,458 | €489,517 | +€266,059 | +119.1% |
| Profit (loss) for the period to be appropriated | 9905 | €223,458 | €489,517 | +€266,059 | +119.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.