GLAS & HOUT: 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 & HOUT
Largest movements
- Receivables within one year +€13,282
up €13,282 (+1,893%), from €702 to €13,984
of which Trade receivables: +€11,601
- Cash -€7,058
down €7,058 (-95.1%), from €7,424 to €366
mainly Investment in fixed assets (net) (-€13,850) and Receivables within one year (-€13,282)
- Tangible fixed assets +€4,536
up €4,536 (+3.9%), from €115,105 to €119,641
of which Plant, machinery and equipment: +€13,395
- Other debts +€31,417
up €31,417 (+68.2%), from €46,033 to €77,450
- Debts after one year -€8,301
down €8,301 (-18.2%), from €45,585 to €37,285
- Profit (loss) carried forward -€8,276
down €8,276 (-2,579%), from -€321 to -€8,597
- Trade debts -€3,371
down €3,371 (-65.6%), from €5,136 to €1,765
- Tax, wage and social debts -€1,481
down €1,481 (-88.8%), from €1,668 to €188
- Gross operating margin -€18,728
down €18,728 (-77.7%), from €24,093 to €5,365
- Depreciation -€4,256
down €4,256 (-31.4%), from €13,569 to €9,314
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.
Derived cash bridge
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 | €124,831 | €134,991 | +€10,160 | +8.1% |
| Fixed assets | 21/28 | €115,105 | €119,641 | +€4,536 | +3.9% |
| Tangible fixed assets | 22/27 | €115,105 | €119,641 | +€4,536 | +3.9% |
| Land and buildings | 22 | €105,380 | €100,100 | -€5,280 | -5.0% |
| Plant, machinery and equipment | 23 | - | €13,395 | +€13,395 | |
| Furniture and vehicles | 24 | €9,725 | €6,147 | -€3,578 | -36.8% |
| Current assets | 29/58 | €9,725 | €15,349 | +€5,624 | +57.8% |
| Stocks and contracts in progress | 3 | €1,600 | €1,000 | -€600 | -37.5% |
| Stocks | 30/36 | €1,600 | €1,000 | -€600 | -37.5% |
| Amounts receivable within one year | 40/41 | €702 | €13,984 | +€13,282 | +1,893% |
| Trade receivables | 40 | €702 | €12,302 | +€11,601 | +1,654% |
| Other amounts receivable | 41 | - | €1,682 | +€1,682 | |
| Cash at bank and in hand | 54/58 | €7,424 | €366 | -€7,058 | -95.1% |
| Total equity and liabilities | 10/49 | €124,831 | €134,991 | +€10,160 | +8.1% |
| Equity | 10/15 | €18,279 | €10,003 | -€8,276 | -45.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321 | -€8,597 | -€8,276 | -2,579% |
| Amounts payable | 17/49 | €106,551 | €124,988 | +€18,437 | +17.3% |
| Amounts payable after more than one year | 17 | €45,585 | €37,285 | -€8,301 | -18.2% |
| Financial debts | 170/4 | €45,585 | €37,285 | -€8,301 | -18.2% |
| Amounts payable within one year | 42/48 | €60,966 | €87,704 | +€26,737 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €8,129 | €8,301 | +€172 | +2.1% |
| Trade debts | 44 | €5,136 | €1,765 | -€3,371 | -65.6% |
| Suppliers | 440/4 | €5,136 | €1,765 | -€3,371 | -65.6% |
| Taxes, remuneration and social security | 45 | €1,668 | €188 | -€1,481 | -88.8% |
| Taxes | 450/3 | €1,668 | €188 | -€1,481 | -88.8% |
| Other amounts payable | 47/48 | €46,033 | €77,450 | +€31,417 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,569 | €9,314 | -€4,256 | -31.4% |
| Other operating charges | 640/8 | €3,183 | €3,213 | +€30 | +0.9% |
| Gross operating margin | 9900 | €24,093 | €5,365 | -€18,728 | -77.7% |
| Operating profit (loss) | 9901 | €7,341 | -€7,162 | -€14,502 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,239 | €1,117 | -€122 | -9.9% |
| Recurring financial charges | 65 | €1,239 | €1,117 | -€122 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €6,102 | -€8,276 | -€14,378 | |
| Income taxes | 67/77 | €188 | - | -€188 | |
| Profit (loss) for the period | 9904 | €5,915 | -€8,276 | -€14,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,915 | -€8,276 | -€14,191 |
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 27 October 2026 via checked.be.