Glassdesign Group: 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 Group
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts -€142,800
down €142,800 (-22.2%), from €643,000 to €500,200
- Reserves +€119,787
up €119,787 (+117%), from €102,228 to €222,016
- Other debts +€43,406
up €43,406 (+19.2%), from €226,557 to €269,963
- Financial income +€80,000
up €80,000 (+80.0%), from €100,000 to €180,000
- Gross operating margin -€77,177
down €77,177, from €43,623 to -€33,553
- Financial charges -€18,580
down €18,580 (-43.0%), from €43,254 to €24,674
- Other operating charges +€763
up €763 (+145%), from €528 to €1,291
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 | €1,921,499 | €1,922,123 | +€624 | 0.0% |
| Formation expenses | 20 | €1,430 | €735 | -€695 | -48.6% |
| Fixed assets | 21/28 | €1,900,000 | €1,900,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,900,000 | €1,900,000 | = | 0.0% |
| Current assets | 29/58 | €20,069 | €21,388 | +€1,319 | +6.6% |
| Amounts receivable within one year | 40/41 | €19,804 | €21,124 | +€1,319 | +6.7% |
| Trade receivables | 40 | €19,804 | €19,296 | -€508 | -2.6% |
| Other amounts receivable | 41 | €0 | €1,827 | +€1,827 | |
| Cash at bank and in hand | 54/58 | €265 | €265 | -€0 | -0.2% |
| Total equity and liabilities | 10/49 | €1,921,499 | €1,922,123 | +€624 | 0.0% |
| Equity | 10/15 | €1,002,228 | €1,122,016 | +€119,787 | +12.0% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €102,228 | €222,016 | +€119,787 | +117% |
| Distributable reserves | 133 | €102,228 | €222,016 | +€119,787 | +117% |
| Amounts payable | 17/49 | €919,270 | €800,107 | -€119,163 | -13.0% |
| Amounts payable within one year | 42/48 | €906,340 | €792,510 | -€113,829 | -12.6% |
| Financial debts | 43 | €643,000 | €500,200 | -€142,800 | -22.2% |
| Credit institutions | 430/8 | €643,000 | €500,200 | -€142,800 | -22.2% |
| Trade debts | 44 | €22,604 | €22,347 | -€256 | -1.1% |
| Suppliers | 440/4 | €22,604 | €22,347 | -€256 | -1.1% |
| Taxes, remuneration and social security | 45 | €14,180 | €0 | -€14,180 | -100% |
| Taxes | 450/3 | €14,180 | €0 | -€14,180 | -100% |
| Other amounts payable | 47/48 | €226,557 | €269,963 | +€43,406 | +19.2% |
| Accrued charges and deferred income | 492/3 | €12,931 | €7,597 | -€5,334 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €695 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €1,291 | +€763 | +145% |
| Gross operating margin | 9900 | €43,623 | -€33,553 | -€77,177 | |
| Operating profit (loss) | 9901 | €42,401 | -€35,539 | -€77,939 | |
| Financial income | 75/76B | €100,000 | €180,000 | +€80,000 | +80.0% |
| Recurring financial income | 75 | €100,000 | €180,000 | +€80,000 | +80.0% |
| Financial charges | 65/66B | €43,254 | €24,674 | -€18,580 | -43.0% |
| Recurring financial charges | 65 | €43,254 | €24,674 | -€18,580 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €99,146 | €119,787 | +€20,641 | +20.8% |
| Profit (loss) for the period | 9904 | €99,146 | €119,787 | +€20,641 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,146 | €119,787 | +€20,641 | +20.8% |
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 23 October 2026 via checked.be.