GLASSWORK@HOME: 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.
GLASSWORK@HOME
Largest movements
- Receivables within one year +€21,049
up €21,049 (+40.7%), from €51,664 to €72,713
of which Other amounts receivable: +€10,960
- Tangible fixed assets -€16,427
down €16,427 (-30.1%), from €54,622 to €38,195
of which Furniture and vehicles: -€14,816
- Cash -€5,923
down €5,923 (-7.7%), from €76,897 to €70,975
mainly Contributions, distributions and other (-€58,824) and Receivables within one year (-€21,049)
- Other debts +€57,058
up €57,058 (+1,344%), from €4,244 to €61,302
- Profit (loss) carried forward -€49,877
down €49,877 (-68.3%), from €73,075 to €23,198
- Debts after one year -€10,349
down €10,349 (-43.1%), from €24,011 to €13,662
- Trade debts +€9,635
up €9,635 (+55.3%), from €17,421 to €27,056
- Tax, wage and social debts -€8,529
down €8,529 (-76.6%), from €11,135 to €2,606
- Gross operating margin -€33,559
down €33,559 (-50.8%), from €66,052 to €32,493
- Depreciation -€11,171
down €11,171 (-39.1%), from €28,553 to €17,383
- Taxes -€4,592
down €4,592 (-56.7%), from €8,106 to €3,514
- Financial charges +€1,142
up €1,142 (+198%), from €576 to €1,718
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 | €187,588 | €186,317 | -€1,271 | -0.7% |
| Fixed assets | 21/28 | €54,622 | €38,195 | -€16,427 | -30.1% |
| Tangible fixed assets | 22/27 | €54,622 | €38,195 | -€16,427 | -30.1% |
| Plant, machinery and equipment | 23 | €4,304 | €2,693 | -€1,611 | -37.4% |
| Furniture and vehicles | 24 | €50,318 | €35,502 | -€14,816 | -29.4% |
| Current assets | 29/58 | €132,966 | €148,122 | +€15,156 | +11.4% |
| Amounts receivable within one year | 40/41 | €51,664 | €72,713 | +€21,049 | +40.7% |
| Trade receivables | 40 | €51,091 | €61,180 | +€10,089 | +19.7% |
| Other amounts receivable | 41 | €573 | €11,533 | +€10,960 | +1,913% |
| Cash at bank and in hand | 54/58 | €76,897 | €70,975 | -€5,923 | -7.7% |
| Deferred charges and accrued income | 490/1 | €4,405 | €4,434 | +€29 | +0.7% |
| Total equity and liabilities | 10/49 | €187,588 | €186,317 | -€1,271 | -0.7% |
| Equity | 10/15 | €120,918 | €71,041 | -€49,877 | -41.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,844 | €42,844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €42,344 | €42,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,075 | €23,198 | -€49,877 | -68.3% |
| Amounts payable | 17/49 | €66,670 | €115,275 | +€48,606 | +72.9% |
| Amounts payable after more than one year | 17 | €24,011 | €13,662 | -€10,349 | -43.1% |
| Financial debts | 170/4 | €24,011 | €13,662 | -€10,349 | -43.1% |
| Amounts payable within one year | 42/48 | €42,659 | €101,313 | +€58,655 | +137% |
| Current portion of amounts payable after more than one year | 42 | €9,859 | €10,349 | +€490 | +5.0% |
| Trade debts | 44 | €17,421 | €27,056 | +€9,635 | +55.3% |
| Suppliers | 440/4 | €17,421 | €27,056 | +€9,635 | +55.3% |
| Taxes, remuneration and social security | 45 | €11,135 | €2,606 | -€8,529 | -76.6% |
| Taxes | 450/3 | €11,135 | €2,606 | -€8,529 | -76.6% |
| Other amounts payable | 47/48 | €4,244 | €61,302 | +€57,058 | +1,344% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,553 | €17,383 | -€11,171 | -39.1% |
| Other operating charges | 640/8 | €1,241 | €1,043 | -€198 | -15.9% |
| Gross operating margin | 9900 | €66,052 | €32,493 | -€33,559 | -50.8% |
| Operating profit (loss) | 9901 | €36,257 | €14,067 | -€22,190 | -61.2% |
| Financial income | 75/76B | €202 | €111 | -€91 | -45.1% |
| Recurring financial income | 75 | €202 | €111 | -€91 | -45.1% |
| Financial charges | 65/66B | €576 | €1,718 | +€1,142 | +198% |
| Recurring financial charges | 65 | €576 | €1,718 | +€1,142 | +198% |
| Profit (loss) for the period before taxes | 9903 | €35,884 | €12,460 | -€23,424 | -65.3% |
| Income taxes | 67/77 | €8,106 | €3,514 | -€4,592 | -56.7% |
| Profit (loss) for the period | 9904 | €27,778 | €8,947 | -€18,831 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,778 | €8,947 | -€18,831 | -67.8% |
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 26 October 2026 via checked.be.