GLASOM: 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.
GLASOM
Largest movements
- Cash -€33,435
down €33,435 (-79.3%), from €42,169 to €8,735
mainly Trade debts (-€31,702) and Receivables after one year (-€30,280)
- Receivables after one year +€30,280
new in 2025: €30,280
- Tangible fixed assets -€4,683
down €4,683 (-8.7%), from €53,969 to €49,286
of which Plant, machinery and equipment: -€5,627
- Receivables within one year -€2,774
down €2,774 (-51.1%), from €5,430 to €2,656
of which Other amounts receivable: -€2,216
- Trade debts -€31,702
down €31,702 (-88.5%), from €35,814 to €4,111
- Debts after one year +€26,987
up €26,987 (+36.4%), from €74,102 to €101,089
- Other debts -€14,662
down €14,662 (-98.8%), from €14,840 to €178
- Profit (loss) carried forward +€7,027
up €7,027 (+34.2%), from -€20,570 to -€13,543
- Tax, wage and social debts +€1,243
new in 2025: €1,243
- Gross operating margin +€51,246
up €51,246, from -€5,211 to €46,036
- Staff costs +€21,496
up €21,496 (+5,757%), from €373 to €21,869
- Financial charges +€4,662
up €4,662 (+595%), from €784 to €5,445
- Depreciation +€1,344
up €1,344 (+14.3%), from €9,427 to €10,771
- Financial income +€951
new in 2025: €951
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 | €106,386 | €95,279 | -€11,107 | -10.4% |
| Fixed assets | 21/28 | €53,969 | €49,286 | -€4,683 | -8.7% |
| Tangible fixed assets | 22/27 | €53,969 | €49,286 | -€4,683 | -8.7% |
| Plant, machinery and equipment | 23 | €9,215 | €3,588 | -€5,627 | -61.1% |
| Furniture and vehicles | 24 | €357 | €271 | -€86 | -24.2% |
| Other tangible fixed assets | 26 | €44,397 | €45,427 | +€1,030 | +2.3% |
| Current assets | 29/58 | €52,417 | €45,992 | -€6,425 | -12.3% |
| Amounts receivable after more than one year | 29 | - | €30,280 | +€30,280 | |
| Trade receivables | 290 | - | €30,280 | +€30,280 | |
| Stocks and contracts in progress | 3 | €3,063 | €3,361 | +€297 | +9.7% |
| Stocks | 30/36 | €3,063 | €3,361 | +€297 | +9.7% |
| Amounts receivable within one year | 40/41 | €5,430 | €2,656 | -€2,774 | -51.1% |
| Trade receivables | 40 | €1,889 | €1,330 | -€558 | -29.6% |
| Other amounts receivable | 41 | €3,542 | €1,326 | -€2,216 | -62.6% |
| Cash at bank and in hand | 54/58 | €42,169 | €8,735 | -€33,435 | -79.3% |
| Deferred charges and accrued income | 490/1 | €1,754 | €961 | -€793 | -45.2% |
| Total equity and liabilities | 10/49 | €106,386 | €95,279 | -€11,107 | -10.4% |
| Equity | 10/15 | -€18,370 | -€11,343 | +€7,027 | +38.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,570 | -€13,543 | +€7,027 | +34.2% |
| Amounts payable | 17/49 | €124,756 | €106,622 | -€18,134 | -14.5% |
| Amounts payable after more than one year | 17 | €74,102 | €101,089 | +€26,987 | +36.4% |
| Other amounts payable | 178/9 | €74,102 | €101,089 | +€26,987 | +36.4% |
| Amounts payable within one year | 42/48 | €50,654 | €5,533 | -€45,121 | -89.1% |
| Trade debts | 44 | €35,814 | €4,111 | -€31,702 | -88.5% |
| Suppliers | 440/4 | €35,814 | €4,111 | -€31,702 | -88.5% |
| Taxes, remuneration and social security | 45 | - | €1,243 | +€1,243 | |
| Remuneration and social security | 454/9 | - | €1,243 | +€1,243 | |
| Other amounts payable | 47/48 | €14,840 | €178 | -€14,662 | -98.8% |
| Remuneration, social security and pensions | 62 | €373 | €21,869 | +€21,496 | +5,757% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,427 | €10,771 | +€1,344 | +14.3% |
| Other operating charges | 640/8 | €1,383 | €1,774 | +€391 | +28.3% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€5,211 | €46,036 | +€51,246 | |
| Operating profit (loss) | 9901 | -€16,394 | €11,521 | +€27,915 | |
| Financial income | 75/76B | - | €951 | +€951 | |
| Recurring financial income | 75 | - | €951 | +€951 | |
| Financial charges | 65/66B | €784 | €5,445 | +€4,662 | +595% |
| Recurring financial charges | 65 | €784 | €5,445 | +€4,662 | +595% |
| Profit (loss) for the period before taxes | 9903 | -€17,177 | €7,027 | +€24,204 | |
| Profit (loss) for the period | 9904 | -€17,177 | €7,027 | +€24,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,177 | €7,027 | +€24,204 |
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 13 October 2026 via checked.be.