GlassPRO: 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.
GlassPRO
Largest movements
- Receivables within one year -€37,690
down €37,690 (-72.2%), from €52,210 to €14,520
of which Trade receivables: -€26,781
- Stocks and contracts +€29,500
up €29,500 (+281%), from €10,500 to €40,000
- Cash +€28,681
up €28,681 (+145%), from €19,810 to €48,491
mainly Receivables within one year (+€37,690) and Depreciation (+€10,000)
- Intangible fixed assets -€10,000
down €10,000 (-25.8%), from €38,703 to €28,703
- Other debts +€6,434
up €6,434 (+21.4%), from €30,000 to €36,434
- Tax, wage and social debts +€2,814
up €2,814 (+35.8%), from €7,860 to €10,674
- Gross operating margin -€24,385
down €24,385 (-66.5%), from €36,671 to €12,286
- Taxes -€9,475
down €9,475 (-91.2%), from €10,391 to €916
- Other operating charges -€1,221
down €1,221 (-75.3%), from €1,621 to €400
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 | €221,223 | €231,714 | +€10,491 | +4.7% |
| Fixed assets | 21/28 | €38,703 | €28,703 | -€10,000 | -25.8% |
| Intangible fixed assets | 21 | €38,703 | €28,703 | -€10,000 | -25.8% |
| Current assets | 29/58 | €182,520 | €203,011 | +€20,491 | +11.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €10,500 | €40,000 | +€29,500 | +281% |
| Stocks | 30/36 | €10,500 | €40,000 | +€29,500 | +281% |
| Amounts receivable within one year | 40/41 | €52,210 | €14,520 | -€37,690 | -72.2% |
| Trade receivables | 40 | €41,301 | €14,520 | -€26,781 | -64.8% |
| Other amounts receivable | 41 | €10,909 | - | -€10,909 | |
| Cash at bank and in hand | 54/58 | €19,810 | €48,491 | +€28,681 | +145% |
| Total equity and liabilities | 10/49 | €221,223 | €231,714 | +€10,491 | +4.7% |
| Equity | 10/15 | €183,363 | €184,199 | +€836 | +0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €29,237 | €29,237 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €23,087 | €23,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,626 | €93,462 | +€836 | +0.9% |
| Amounts payable | 17/49 | €37,860 | €47,515 | +€9,655 | +25.5% |
| Amounts payable within one year | 42/48 | €37,860 | €47,515 | +€9,655 | +25.5% |
| Trade debts | 44 | - | €407 | +€407 | |
| Suppliers | 440/4 | - | €407 | +€407 | |
| Taxes, remuneration and social security | 45 | €7,860 | €10,674 | +€2,814 | +35.8% |
| Taxes | 450/3 | €7,860 | €10,674 | +€2,814 | +35.8% |
| Other amounts payable | 47/48 | €30,000 | €36,434 | +€6,434 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,621 | €400 | -€1,221 | -75.3% |
| Gross operating margin | 9900 | €36,671 | €12,286 | -€24,385 | -66.5% |
| Operating profit (loss) | 9901 | €25,050 | €1,886 | -€23,164 | -92.5% |
| Financial charges | 65/66B | €261 | €134 | -€127 | -48.7% |
| Recurring financial charges | 65 | €261 | €134 | -€127 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €24,789 | €1,752 | -€23,037 | -92.9% |
| Income taxes | 67/77 | €10,391 | €916 | -€9,475 | -91.2% |
| Profit (loss) for the period | 9904 | €14,398 | €836 | -€13,562 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,398 | €836 | -€13,562 | -94.2% |
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 17 October 2026 via checked.be.