Glassdesign: 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.
Glassdesign
Largest movements
- Tangible fixed assets -€92,359
down €92,359 (-50.9%), from €181,400 to €89,041
of which Land and buildings: -€71,469
- Receivables within one year +€90,103
up €90,103 (+13.7%), from €656,578 to €746,681
of which Trade receivables: +€64,367
- Cash +€40,771
up €40,771 (+30.1%), from €135,390 to €176,161
mainly Net result for the year (+€148,419) and Depreciation (+€98,928)
- Debts after one year -€87,500
down €87,500 (-56.0%), from €156,250 to €68,750
- Tax, wage and social debts +€57,084
up €57,084 (+65.8%), from €86,805 to €143,889
of which Taxes: +€41,330
- Current portion of long-term debt +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Other debts -€34,940
down €34,940 (-19.2%), from €181,852 to €146,912
- Trade debts +€28,636
up €28,636 (+9.1%), from €315,649 to €344,285
- Gross operating margin +€179,976
up €179,976 (+21.3%), from €843,232 to €1.0m
- Taxes +€23,792
up €23,792 (+436%), from €5,462 to €29,254
- Staff costs +€23,445
up €23,445 (+3.3%), from €703,520 to €726,965
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,232,794 | €1,249,521 | +€16,727 | +1.4% |
| Fixed assets | 21/28 | €192,488 | €95,661 | -€96,827 | -50.3% |
| Intangible fixed assets | 21 | €10,181 | €6,612 | -€3,569 | -35.1% |
| Tangible fixed assets | 22/27 | €181,400 | €89,041 | -€92,359 | -50.9% |
| Land and buildings | 22 | €71,921 | €453 | -€71,469 | -99.4% |
| Plant, machinery and equipment | 23 | €77,235 | €68,485 | -€8,751 | -11.3% |
| Furniture and vehicles | 24 | €22,758 | €12,430 | -€10,328 | -45.4% |
| Other tangible fixed assets | 26 | €9,485 | €7,674 | -€1,812 | -19.1% |
| Financial fixed assets | 28 | €907 | €8 | -€900 | -99.2% |
| Current assets | 29/58 | €1,040,307 | €1,153,861 | +€113,554 | +10.9% |
| Stocks and contracts in progress | 3 | €217,447 | €207,868 | -€9,579 | -4.4% |
| Stocks | 30/36 | €154,238 | €124,195 | -€30,043 | -19.5% |
| Contracts in progress | 37 | €63,209 | €83,673 | +€20,464 | +32.4% |
| Amounts receivable within one year | 40/41 | €656,578 | €746,681 | +€90,103 | +13.7% |
| Trade receivables | 40 | €399,084 | €463,452 | +€64,367 | +16.1% |
| Other amounts receivable | 41 | €257,493 | €283,229 | +€25,736 | +10.0% |
| Cash at bank and in hand | 54/58 | €135,390 | €176,161 | +€40,771 | +30.1% |
| Deferred charges and accrued income | 490/1 | €30,892 | €23,150 | -€7,741 | -25.1% |
| Total equity and liabilities | 10/49 | €1,232,794 | €1,249,521 | +€16,727 | +1.4% |
| Equity | 10/15 | €292,238 | €295,658 | +€3,419 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,638 | €277,058 | +€3,419 | +1.2% |
| Non-distributable reserves | 130/1 | €20,850 | €20,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,850 | €20,850 | = | 0.0% |
| Distributable reserves | 133 | €252,788 | €256,208 | +€3,419 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €940,556 | €953,863 | +€13,307 | +1.4% |
| Amounts payable after more than one year | 17 | €156,250 | €68,750 | -€87,500 | -56.0% |
| Financial debts | 170/4 | €156,250 | €68,750 | -€87,500 | -56.0% |
| Amounts payable within one year | 42/48 | €784,306 | €885,087 | +€100,781 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Trade debts | 44 | €315,649 | €344,285 | +€28,636 | +9.1% |
| Suppliers | 440/4 | €315,649 | €344,285 | +€28,636 | +9.1% |
| Taxes, remuneration and social security | 45 | €86,805 | €143,889 | +€57,084 | +65.8% |
| Taxes | 450/3 | €5,462 | €46,792 | +€41,330 | +757% |
| Remuneration and social security | 454/9 | €81,343 | €97,097 | +€15,754 | +19.4% |
| Other amounts payable | 47/48 | €181,852 | €146,912 | -€34,940 | -19.2% |
| Accrued charges and deferred income | 492/3 | - | €27 | +€27 | |
| Remuneration, social security and pensions | 62 | €703,520 | €726,965 | +€23,445 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,304 | €98,928 | -€9,377 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,620 | -€35 | +€3,585 | +99.0% |
| Other operating charges | 640/8 | €12,866 | €14,060 | +€1,194 | +9.3% |
| Gross operating margin | 9900 | €843,232 | €1,023,208 | +€179,976 | +21.3% |
| Operating profit (loss) | 9901 | €22,162 | €183,290 | +€161,128 | +727% |
| Financial income | 75/76B | €13,900 | €11,624 | -€2,276 | -16.4% |
| Recurring financial income | 75 | €13,900 | €11,624 | -€2,276 | -16.4% |
| Financial charges | 65/66B | €19,828 | €17,241 | -€2,587 | -13.0% |
| Recurring financial charges | 65 | €19,828 | €17,241 | -€2,587 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €16,235 | €177,673 | +€161,438 | +994% |
| Income taxes | 67/77 | €5,462 | €29,254 | +€23,792 | +436% |
| Profit (loss) for the period | 9904 | €10,773 | €148,419 | +€137,647 | +1,278% |
| Profit (loss) for the period to be appropriated | 9905 | €10,773 | €148,419 | +€137,647 | +1,278% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.