GLASS ENGINEERING AND MANAGEMENT: 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.
GLASS ENGINEERING AND MANAGEMENT
Largest movements
- Tangible fixed assets -€26,185
down €26,185 (-5.3%), from €491,295 to €465,109
of which Land and buildings: -€17,983
- Receivables within one year -€15,797
down €15,797 (-44.5%), from €35,481 to €19,685
of which Trade receivables: -€18,801
- Debts after one year -€32,619
down €32,619 (-11.9%), from €274,865 to €242,246
of which Financial debts: -€32,619
- Other debts -€6,327
down €6,327 (-5.3%), from €120,136 to €113,809
- Gross operating margin -€17,478
down €17,478 (-25.6%), from €68,393 to €50,915
- Taxes -€4,659
down €4,659 (-70.0%), from €6,655 to €1,996
- Financial charges -€2,027
down €2,027 (-14.4%), from €14,074 to €12,048
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 | €540,001 | €495,638 | -€44,363 | -8.2% |
| Fixed assets | 21/28 | €495,295 | €469,109 | -€26,185 | -5.3% |
| Tangible fixed assets | 22/27 | €491,295 | €465,109 | -€26,185 | -5.3% |
| Land and buildings | 22 | €451,719 | €433,737 | -€17,983 | -4.0% |
| Furniture and vehicles | 24 | €39,575 | €31,373 | -€8,203 | -20.7% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €44,707 | €26,529 | -€18,177 | -40.7% |
| Amounts receivable within one year | 40/41 | €35,481 | €19,685 | -€15,797 | -44.5% |
| Trade receivables | 40 | €35,136 | €16,335 | -€18,801 | -53.5% |
| Other amounts receivable | 41 | €345 | €3,350 | +€3,004 | +870% |
| Cash at bank and in hand | 54/58 | €8,113 | €5,685 | -€2,428 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,112 | €1,159 | +€47 | +4.2% |
| Total equity and liabilities | 10/49 | €540,001 | €495,638 | -€44,363 | -8.2% |
| Equity | 10/15 | €86,863 | €89,625 | +€2,762 | +3.2% |
| Contributions | 10/11 | €18,570 | €18,570 | = | 0.0% |
| Reserves | 13 | €68,293 | €71,055 | +€2,762 | +4.0% |
| Tax-exempt reserves | 132 | €129 | €129 | = | 0.0% |
| Distributable reserves | 133 | €68,164 | €70,926 | +€2,762 | +4.1% |
| Amounts payable | 17/49 | €453,138 | €406,014 | -€47,124 | -10.4% |
| Amounts payable after more than one year | 17 | €274,865 | €242,246 | -€32,619 | -11.9% |
| Financial debts | 170/4 | €266,615 | €233,996 | -€32,619 | -12.2% |
| Other amounts payable | 178/9 | €8,250 | €8,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,763 | €152,775 | -€12,988 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €32,044 | €33,039 | +€995 | +3.1% |
| Trade debts | 44 | €6,977 | €4,431 | -€2,546 | -36.5% |
| Suppliers | 440/4 | €6,977 | €4,431 | -€2,546 | -36.5% |
| Taxes, remuneration and social security | 45 | €6,606 | €1,496 | -€5,110 | -77.4% |
| Taxes | 450/3 | €6,606 | €1,496 | -€5,110 | -77.4% |
| Other amounts payable | 47/48 | €120,136 | €113,809 | -€6,327 | -5.3% |
| Accrued charges and deferred income | 492/3 | €12,510 | €10,993 | -€1,517 | -12.1% |
| Non-recurring operating income | 76A | - | €7,686 | +€7,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,235 | €30,742 | -€493 | -1.6% |
| Other operating charges | 640/8 | €3,461 | €3,367 | -€94 | -2.7% |
| Gross operating margin | 9900 | €68,393 | €50,915 | -€17,478 | -25.6% |
| Operating profit (loss) | 9901 | €33,697 | €16,805 | -€16,892 | -50.1% |
| Financial charges | 65/66B | €14,074 | €12,048 | -€2,027 | -14.4% |
| Recurring financial charges | 65 | €14,074 | €12,048 | -€2,027 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €19,623 | €4,757 | -€14,866 | -75.8% |
| Income taxes | 67/77 | €6,655 | €1,996 | -€4,659 | -70.0% |
| Profit (loss) for the period | 9904 | €12,968 | €2,762 | -€10,207 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,968 | €2,762 | -€10,207 | -78.7% |
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 19 October 2026 via checked.be.