GLASSTYL'IN: 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.
GLASSTYL'IN
Largest movements
- Receivables within one year -€84,224
down €84,224 (-88.3%), from €95,422 to €11,198
of which Trade receivables: -€84,619
- Tangible fixed assets -€14,752
down €14,752 (-3.9%), from €379,915 to €365,162
of which Land and buildings: -€12,269
- Stocks and contracts -€5,500
down €5,500 (-52.4%), from €10,500 to €5,000
- Trade debts -€43,836
down €43,836 (-71.5%), from €61,344 to €17,508
- Debts after one year -€26,207
down €26,207 (-10.6%), from €248,354 to €222,147
- Other debts -€25,072
down €25,072 (-10.1%), from €249,139 to €224,067
- Current portion of long-term debt -€6,613
down €6,613 (-18.5%), from €35,820 to €29,207
- Gross operating margin +€7,866
up €7,866 (+38.8%), from €20,277 to €28,142
- Financial charges -€1,456
down €1,456 (-8.3%), from €17,640 to €16,184
- Depreciation -€522
down €522 (-3.4%), from €15,274 to €14,752
- Other operating charges -€318
down €318 (-15.7%), from €2,026 to €1,708
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 | €488,838 | €383,308 | -€105,531 | -21.6% |
| Fixed assets | 21/28 | €381,195 | €366,442 | -€14,752 | -3.9% |
| Tangible fixed assets | 22/27 | €379,915 | €365,162 | -€14,752 | -3.9% |
| Land and buildings | 22 | €372,800 | €360,531 | -€12,269 | -3.3% |
| Plant, machinery and equipment | 23 | €3,053 | €1,703 | -€1,350 | -44.2% |
| Furniture and vehicles | 24 | €4,062 | €2,928 | -€1,133 | -27.9% |
| Financial fixed assets | 28 | €1,280 | €1,280 | = | 0.0% |
| Current assets | 29/58 | €107,644 | €16,866 | -€90,778 | -84.3% |
| Stocks and contracts in progress | 3 | €10,500 | €5,000 | -€5,500 | -52.4% |
| Stocks | 30/36 | €10,500 | €5,000 | -€5,500 | -52.4% |
| Amounts receivable within one year | 40/41 | €95,422 | €11,198 | -€84,224 | -88.3% |
| Trade receivables | 40 | €94,399 | €9,781 | -€84,619 | -89.6% |
| Other amounts receivable | 41 | €1,023 | €1,417 | +€395 | +38.6% |
| Cash at bank and in hand | 54/58 | €0 | €0 | -€0 | -100% |
| Deferred charges and accrued income | 490/1 | €1,722 | €668 | -€1,054 | -61.2% |
| Total equity and liabilities | 10/49 | €488,838 | €383,308 | -€105,531 | -21.6% |
| Equity | 10/15 | -€142,045 | -€146,490 | -€4,445 | -3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,860 | €50,860 | = | 0.0% |
| Distributable reserves | 133 | €50,860 | €50,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,305 | -€209,750 | -€4,445 | -2.2% |
| Amounts payable | 17/49 | €630,883 | €529,798 | -€101,085 | -16.0% |
| Amounts payable after more than one year | 17 | €248,354 | €222,147 | -€26,207 | -10.6% |
| Financial debts | 170/4 | €248,354 | €222,147 | -€26,207 | -10.6% |
| Amounts payable within one year | 42/48 | €381,565 | €305,931 | -€75,634 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €35,820 | €29,207 | -€6,613 | -18.5% |
| Financial debts | 43 | €34,957 | €34,712 | -€244 | -0.7% |
| Credit institutions | 430/8 | €34,957 | €34,712 | -€244 | -0.7% |
| Trade debts | 44 | €61,344 | €17,508 | -€43,836 | -71.5% |
| Suppliers | 440/4 | €61,344 | €17,508 | -€43,836 | -71.5% |
| Taxes, remuneration and social security | 45 | €306 | €437 | +€131 | +42.7% |
| Taxes | 450/3 | €306 | €437 | +€131 | +42.7% |
| Other amounts payable | 47/48 | €249,139 | €224,067 | -€25,072 | -10.1% |
| Accrued charges and deferred income | 492/3 | €964 | €1,720 | +€756 | +78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,274 | €14,752 | -€522 | -3.4% |
| Other operating charges | 640/8 | €2,026 | €1,708 | -€318 | -15.7% |
| Gross operating margin | 9900 | €20,277 | €28,142 | +€7,866 | +38.8% |
| Operating profit (loss) | 9901 | €2,977 | €11,682 | +€8,705 | +292% |
| Financial income | 75/76B | €1 | €56 | +€56 | +10,138% |
| Recurring financial income | 75 | €1 | €56 | +€56 | +10,138% |
| Financial charges | 65/66B | €17,640 | €16,184 | -€1,456 | -8.3% |
| Recurring financial charges | 65 | €17,640 | €16,184 | -€1,456 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,662 | -€4,445 | +€10,217 | +69.7% |
| Income taxes | 67/77 | €174 | €0 | -€174 | -100% |
| Profit (loss) for the period | 9904 | -€14,837 | -€4,445 | +€10,391 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,837 | -€4,445 | +€10,391 | +70.0% |
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 22 October 2026 via checked.be.