Glashandel Elaerts: what changed
Glashandel Elaerts
Largest movements
- Receivables within one year -€23,217
down €23,217 (-23.4%), from €99,114 to €75,897
of which Trade receivables: -€33,803
- Tangible fixed assets -€12,524
down €12,524 (-58.8%), from €21,284 to €8,760
- Cash -€9,798
down €9,798 (-37.9%), from €25,871 to €16,073
mainly Net result for the year (-€46,786) and Debts after one year (-€7,049)
- Deferred charges and accrued income -€5,390
down €5,390 (-100%), from €5,390 to €0
- Reserves -€46,786
down €46,786 (-43.0%), from €108,880 to €62,095
- Debts after one year -€7,049
down €7,049 (-100%), from €7,049 to €0
- Trade debts +€4,071
up €4,071 (+62.9%), from €6,469 to €10,540
- Other operating charges +€35,435
up €35,435 (+3,422%), from €1,036 to €36,471
- Gross operating margin -€15,866
down €15,866 (-83.8%), from €18,942 to €3,076
- Taxes -€1,500
down €1,500 (-76.0%), from €1,973 to €473
- Financial charges +€445
up €445, from -€34 to €410
- Staff costs -€316
down €316 (-100%), from €316 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,959 | €100,730 | -€51,228 | -33.7% |
| Fixed assets | 21/28 | €21,584 | €8,760 | -€12,824 | -59.4% |
| Tangible fixed assets | 22/27 | €21,284 | €8,760 | -€12,524 | -58.8% |
| Furniture and vehicles | 24 | €21,284 | €8,760 | -€12,524 | -58.8% |
| Financial fixed assets | 28 | €300 | €0 | -€300 | -100% |
| Current assets | 29/58 | €130,375 | €91,971 | -€38,404 | -29.5% |
| Amounts receivable within one year | 40/41 | €99,114 | €75,897 | -€23,217 | -23.4% |
| Trade receivables | 40 | €68,202 | €34,399 | -€33,803 | -49.6% |
| Other amounts receivable | 41 | €30,912 | €41,499 | +€10,587 | +34.2% |
| Cash at bank and in hand | 54/58 | €25,871 | €16,073 | -€9,798 | -37.9% |
| Deferred charges and accrued income | 490/1 | €5,390 | €0 | -€5,390 | -100% |
| Total equity and liabilities | 10/49 | €151,959 | €100,730 | -€51,228 | -33.7% |
| Equity | 10/15 | €127,480 | €80,695 | -€46,786 | -36.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,880 | €62,095 | -€46,786 | -43.0% |
| Distributable reserves | 133 | €108,880 | €62,095 | -€46,786 | -43.0% |
| Amounts payable | 17/49 | €24,478 | €20,036 | -€4,443 | -18.1% |
| Amounts payable after more than one year | 17 | €7,049 | €0 | -€7,049 | -100% |
| Financial debts | 170/4 | €7,049 | €0 | -€7,049 | -100% |
| Amounts payable within one year | 42/48 | €17,423 | €20,036 | +€2,612 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €8,176 | €7,049 | -€1,128 | -13.8% |
| Trade debts | 44 | €6,469 | €10,540 | +€4,071 | +62.9% |
| Suppliers | 440/4 | €6,469 | €10,540 | +€4,071 | +62.9% |
| Taxes, remuneration and social security | 45 | €2,777 | €2,446 | -€331 | -11.9% |
| Taxes | 450/3 | €2,777 | €2,446 | -€331 | -11.9% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €316 | €0 | -€316 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,532 | €12,524 | -€8 | -0.1% |
| Other operating charges | 640/8 | €1,036 | €36,471 | +€35,435 | +3,422% |
| Gross operating margin | 9900 | €18,942 | €3,076 | -€15,866 | -83.8% |
| Operating profit (loss) | 9901 | €5,059 | -€45,918 | -€50,977 | |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | -€34 | €410 | +€445 | |
| Recurring financial charges | 65 | -€34 | €410 | +€445 | |
| Profit (loss) for the period before taxes | 9903 | €5,093 | -€46,312 | -€51,405 | |
| Income taxes | 67/77 | €1,973 | €473 | -€1,500 | -76.0% |
| Profit (loss) for the period | 9904 | €3,120 | -€46,786 | -€49,905 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,120 | -€46,786 | -€49,905 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.