Glass-Décor: what changed
Two fiscal 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.
Glass-Décor
Largest movements
- Tangible fixed assets -€50,011
down €50,011 (-29.0%), from €172,299 to €122,288
- Cash +€11,028
up €11,028 (+18.5%), from €59,486 to €70,514
mainly Depreciation (+€58,696) and Net result for the year (+€4,973)
- Intangible fixed assets -€5,552
down €5,552 (-18.3%), from €30,262 to €24,710
- Receivables within one year +€3,688
up €3,688 (+10.2%), from €36,222 to €39,910
of which Other amounts receivable: +€3,996
- Debts after one year -€52,898
down €52,898 (-61.2%), from €86,425 to €33,527
- Profit (loss) carried forward +€4,973
up €4,973 (+4.2%), from €117,418 to €122,391
- Staff costs -€54,996
down €54,996 (-29.8%), from €184,662 to €129,666
- Gross operating margin -€31,766
down €31,766 (-13.7%), from €231,185 to €199,419
- Depreciation -€5,349
down €5,349 (-8.4%), from €64,045 to €58,696
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.
Cash bridge derived
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 | €309,315 | €264,410 | -€44,905 | -14.5% |
| Fixed assets | 21/28 | €202,586 | €147,023 | -€55,563 | -27.4% |
| Intangible fixed assets | 21 | €30,262 | €24,710 | -€5,552 | -18.3% |
| Tangible fixed assets | 22/27 | €172,299 | €122,288 | -€50,011 | -29.0% |
| Plant, machinery and equipment | 23 | €56,220 | €46,173 | -€10,047 | -17.9% |
| Furniture and vehicles | 24 | €62,127 | €41,887 | -€20,240 | -32.6% |
| Leasing and similar rights | 25 | €52,508 | €33,336 | -€19,172 | -36.5% |
| Other tangible fixed assets | 26 | €1,444 | €892 | -€552 | -38.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €106,729 | €117,387 | +€10,658 | +10.0% |
| Stocks and contracts in progress | 3 | €4,314 | €1,766 | -€2,548 | -59.1% |
| Stocks | 30/36 | €4,314 | €1,766 | -€2,548 | -59.1% |
| Amounts receivable within one year | 40/41 | €36,222 | €39,910 | +€3,688 | +10.2% |
| Trade receivables | 40 | €27,233 | €26,925 | -€308 | -1.1% |
| Other amounts receivable | 41 | €8,989 | €12,985 | +€3,996 | +44.5% |
| Cash at bank and in hand | 54/58 | €59,486 | €70,514 | +€11,028 | +18.5% |
| Deferred charges and accrued income | 490/1 | €6,707 | €5,197 | -€1,510 | -22.5% |
| Total equity and liabilities | 10/49 | €309,315 | €264,410 | -€44,905 | -14.5% |
| Equity | 10/15 | €137,878 | €142,851 | +€4,973 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,418 | €122,391 | +€4,973 | +4.2% |
| Amounts payable | 17/49 | €171,437 | €121,559 | -€49,878 | -29.1% |
| Amounts payable after more than one year | 17 | €86,425 | €33,527 | -€52,898 | -61.2% |
| Financial debts | 170/4 | €86,425 | €33,527 | -€52,898 | -61.2% |
| Amounts payable within one year | 42/48 | €85,012 | €85,749 | +€737 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €53,510 | €52,898 | -€612 | -1.1% |
| Trade debts | 44 | €14,682 | €17,333 | +€2,651 | +18.1% |
| Suppliers | 440/4 | €14,682 | €17,333 | +€2,651 | +18.1% |
| Taxes, remuneration and social security | 45 | €14,919 | €13,467 | -€1,452 | -9.7% |
| Taxes | 450/3 | €422 | €3,475 | +€3,053 | +723.5% |
| Remuneration and social security | 454/9 | €14,497 | €9,992 | -€4,505 | -31.1% |
| Other amounts payable | 47/48 | €1,901 | €2,051 | +€150 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €2,283 | +€2,283 | |
| Non-recurring operating income | 76A | €5,263 | €8,600 | +€3,337 | +63.4% |
| Remuneration, social security and pensions | 62 | €184,662 | €129,666 | -€54,996 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,045 | €58,696 | -€5,349 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €628 | - | -€628 | |
| Other operating charges | 640/8 | €1,375 | €1,285 | -€90 | -6.5% |
| Gross operating margin | 9900 | €231,185 | €199,419 | -€31,766 | -13.7% |
| Operating profit (loss) | 9901 | -€19,525 | €9,772 | +€29,297 | |
| Financial income | 75/76B | €206 | €132 | -€74 | -35.9% |
| Recurring financial income | 75 | €206 | €132 | -€74 | -35.9% |
| Financial charges | 65/66B | €6,032 | €4,705 | -€1,327 | -22.0% |
| Recurring financial charges | 65 | €6,032 | €4,705 | -€1,327 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,351 | €5,199 | +€30,550 | |
| Income taxes | 67/77 | €242 | €226 | -€16 | -6.6% |
| Profit (loss) for the period | 9904 | -€25,593 | €4,973 | +€30,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,593 | €4,973 | +€30,566 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.