GLASHANDEL CLAES: 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.
GLASHANDEL CLAES
Largest movements
- Cash +€48,843
up €48,843 (+49.5%), from €98,712 to €147,555
mainly Net result for the year (+€36,277) and Receivables within one year (+€15,080)
- Receivables within one year -€15,080
down €15,080 (-25.1%), from €60,022 to €44,942
of which Trade receivables: -€9,169
- Current investments +€7,318
new in 2025: €7,318
- Deferred charges and accrued income +€2,938
up €2,938 (+234%), from €1,255 to €4,194
- Tangible fixed assets -€2,474
down €2,474 (-19.6%), from €12,636 to €10,162
of which Furniture and vehicles: -€2,351
- Reserves +€36,277
up €36,277 (+24.9%), from €145,802 to €182,080
- Tax, wage and social debts +€4,653
up €4,653 (+116%), from €4,010 to €8,663
of which Remuneration and social security: +€3,600
- Gross operating margin +€9,891
up €9,891 (+22.8%), from €43,429 to €53,320
- Taxes +€3,035
up €3,035 (+27.3%), from €11,117 to €14,152
- Staff costs -€1,493
down €1,493 (-100%), from €1,493 to €0
- Financial income -€1,379
down €1,379 (-39.0%), from €3,536 to €2,157
- Depreciation -€644
down €644 (-20.7%), from €3,118 to €2,474
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 | €177,845 | €219,195 | +€41,350 | +23.3% |
| Fixed assets | 21/28 | €12,636 | €10,162 | -€2,474 | -19.6% |
| Tangible fixed assets | 22/27 | €12,636 | €10,162 | -€2,474 | -19.6% |
| Land and buildings | 22 | €8,414 | €8,414 | = | 0.0% |
| Plant, machinery and equipment | 23 | €123 | €0 | -€123 | -100% |
| Furniture and vehicles | 24 | €4,099 | €1,748 | -€2,351 | -57.4% |
| Current assets | 29/58 | €165,209 | €209,033 | +€43,824 | +26.5% |
| Stocks and contracts in progress | 3 | €5,220 | €5,025 | -€195 | -3.7% |
| Stocks | 30/36 | €5,220 | €5,025 | -€195 | -3.7% |
| Amounts receivable within one year | 40/41 | €60,022 | €44,942 | -€15,080 | -25.1% |
| Trade receivables | 40 | €51,300 | €42,132 | -€9,169 | -17.9% |
| Other amounts receivable | 41 | €8,721 | €2,810 | -€5,912 | -67.8% |
| Current investments | 50/53 | - | €7,318 | +€7,318 | |
| Cash at bank and in hand | 54/58 | €98,712 | €147,555 | +€48,843 | +49.5% |
| Deferred charges and accrued income | 490/1 | €1,255 | €4,194 | +€2,938 | +234% |
| Total equity and liabilities | 10/49 | €177,845 | €219,195 | +€41,350 | +23.3% |
| Equity | 10/15 | €170,592 | €206,869 | +€36,277 | +21.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €145,802 | €182,080 | +€36,277 | +24.9% |
| Distributable reserves | 133 | €145,802 | €182,080 | +€36,277 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €7,253 | €12,326 | +€5,073 | +69.9% |
| Amounts payable within one year | 42/48 | €7,253 | €12,261 | +€5,009 | +69.1% |
| Trade debts | 44 | €3,077 | €2,753 | -€324 | -10.5% |
| Suppliers | 440/4 | €3,077 | €2,753 | -€324 | -10.5% |
| Advances received on contracts in progress | 46 | - | €570 | +€570 | |
| Taxes, remuneration and social security | 45 | €4,010 | €8,663 | +€4,653 | +116% |
| Taxes | 450/3 | €4,010 | €5,063 | +€1,053 | +26.3% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €166 | €276 | +€110 | +66.3% |
| Accrued charges and deferred income | 492/3 | €0 | €64 | +€64 | |
| Remuneration, social security and pensions | 62 | €1,493 | €0 | -€1,493 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,118 | €2,474 | -€644 | -20.7% |
| Other operating charges | 640/8 | €2,197 | €2,016 | -€181 | -8.2% |
| Gross operating margin | 9900 | €43,429 | €53,320 | +€9,891 | +22.8% |
| Operating profit (loss) | 9901 | €36,621 | €48,830 | +€12,209 | +33.3% |
| Financial income | 75/76B | €3,536 | €2,157 | -€1,379 | -39.0% |
| Recurring financial income | 75 | €3,536 | €2,157 | -€1,379 | -39.0% |
| Financial charges | 65/66B | €161 | €557 | +€396 | +246% |
| Recurring financial charges | 65 | €161 | €557 | +€396 | +246% |
| Profit (loss) for the period before taxes | 9903 | €39,996 | €50,429 | +€10,434 | +26.1% |
| Income taxes | 67/77 | €11,117 | €14,152 | +€3,035 | +27.3% |
| Profit (loss) for the period | 9904 | €28,879 | €36,277 | +€7,398 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,879 | €36,277 | +€7,398 | +25.6% |
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 25 October 2026 via checked.be.