GLASWERKEN: 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.
GLASWERKEN
Largest movements
- Receivables within one year -€54,995
down €54,995 (-81.0%), from €67,901 to €12,905
of which Trade receivables: -€56,982
- Cash +€24,591
up €24,591 (+45.8%), from €53,745 to €78,336
mainly Receivables within one year (+€54,995) and Depreciation (+€17,866)
- Tangible fixed assets +€7,534
up €7,534 (+21.3%), from €35,403 to €42,937
- Trade debts -€62,300
down €62,300 (-77.7%), from €80,180 to €17,880
of which Bills of exchange payable: -€61,996
- Profit (loss) carried forward +€16,504
up €16,504 (+30.2%), from €54,701 to €71,204
- Debts after one year +€13,768
new in 2025: €13,768
- Current portion of long-term debt +€5,786
new in 2025: €5,786
- Tax, wage and social debts +€1,917
up €1,917 (+17.0%), from €11,298 to €13,215
of which Remuneration and social security: +€1,771
- Other operating charges +€5,560
up €5,560 (+977%), from €569 to €6,129
- Gross operating margin +€3,299
up €3,299 (+7.8%), from €42,383 to €45,682
- Depreciation -€2,385
down €2,385 (-11.8%), from €20,251 to €17,866
- Financial charges -€668
down €668 (-60.5%), from €1,103 to €436
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 | €157,048 | €134,178 | -€22,870 | -14.6% |
| Fixed assets | 21/28 | €35,403 | €42,937 | +€7,534 | +21.3% |
| Tangible fixed assets | 22/27 | €35,403 | €42,937 | +€7,534 | +21.3% |
| Furniture and vehicles | 24 | €35,403 | €42,937 | +€7,534 | +21.3% |
| Current assets | 29/58 | €121,646 | €91,241 | -€30,404 | -25.0% |
| Amounts receivable within one year | 40/41 | €67,901 | €12,905 | -€54,995 | -81.0% |
| Trade receivables | 40 | €67,367 | €10,385 | -€56,982 | -84.6% |
| Other amounts receivable | 41 | €533 | €2,520 | +€1,987 | +373% |
| Cash at bank and in hand | 54/58 | €53,745 | €78,336 | +€24,591 | +45.8% |
| Total equity and liabilities | 10/49 | €157,048 | €134,178 | -€22,870 | -14.6% |
| Equity | 10/15 | €64,702 | €81,205 | +€16,504 | +25.5% |
| Contributions | 10/11 | €10,001 | €10,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,701 | €71,204 | +€16,504 | +30.2% |
| Amounts payable | 17/49 | €92,347 | €52,973 | -€39,374 | -42.6% |
| Amounts payable after more than one year | 17 | - | €13,768 | +€13,768 | |
| Financial debts | 170/4 | - | €13,768 | +€13,768 | |
| Amounts payable within one year | 42/48 | €92,347 | €39,205 | -€53,142 | -57.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,786 | +€5,786 | |
| Trade debts | 44 | €80,180 | €17,880 | -€62,300 | -77.7% |
| Suppliers | 440/4 | €17,028 | €16,724 | -€304 | -1.8% |
| Bills of exchange payable | 441 | €63,152 | €1,156 | -€61,996 | -98.2% |
| Taxes, remuneration and social security | 45 | €11,298 | €13,215 | +€1,917 | +17.0% |
| Taxes | 450/3 | €4,602 | €4,748 | +€146 | +3.2% |
| Remuneration and social security | 454/9 | €6,696 | €8,467 | +€1,771 | +26.4% |
| Other amounts payable | 47/48 | €868 | €2,324 | +€1,456 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,251 | €17,866 | -€2,385 | -11.8% |
| Other operating charges | 640/8 | €569 | €6,129 | +€5,560 | +977% |
| Gross operating margin | 9900 | €42,383 | €45,682 | +€3,299 | +7.8% |
| Operating profit (loss) | 9901 | €21,563 | €21,687 | +€124 | +0.6% |
| Financial charges | 65/66B | €1,103 | €436 | -€668 | -60.5% |
| Recurring financial charges | 65 | €1,103 | €436 | -€668 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €20,459 | €21,251 | +€792 | +3.9% |
| Income taxes | 67/77 | €4,602 | €4,748 | +€146 | +3.2% |
| Profit (loss) for the period | 9904 | €15,857 | €16,504 | +€646 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,857 | €16,504 | +€646 | +4.1% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.