Glaswerken Drees: what changed
Two fiscal 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 Drees
Largest movements
- Receivables within one year +€38,649
up €38,649 (+488.8%), from €7,907 to €46,556
of which Trade receivables: +€34,557
- Receivables after one year -€15,579
down €15,579 (-27.4%), from €56,867 to €41,288
- Cash +€13,297
up €13,297 (+364.3%), from €3,650 to €16,947
mainly Net result for the year (+€20,871) and Advances received (+€18,041)
- Tangible fixed assets -€2,416
down €2,416 (-28.2%), from €8,566 to €6,150
- Reserves +€20,041
up €20,041 (+39.2%), from €51,142 to €71,184
- Advances received +€18,041
new in 2025: €18,041
- Debts after one year -€3,875
no longer reported in 2025 (was €3,875)
- Tax, wage and social debts +€1,626
up €1,626 (+653.2%), from €249 to €1,875
- Current portion of long-term debt -€1,239
down €1,239 (-24.2%), from €5,114 to €3,875
- Gross operating margin -€35,950
down €35,950 (-52.2%), from €68,859 to €32,909
- Taxes -€4,974
down €4,974 (-38.0%), from €13,093 to €8,120
- Financial income +€3,167
new in 2025: €3,167
- Depreciation +€1,934
up €1,934 (+55.7%), from €3,474 to €5,408
- Other operating charges +€1,255
up €1,255 (+567.2%), from €221 to €1,476
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.
Cash bridge derived
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 | €77,450 | €110,942 | +€33,491 | +43.2% |
| Fixed assets | 21/28 | €8,566 | €6,150 | -€2,416 | -28.2% |
| Tangible fixed assets | 22/27 | €8,566 | €6,150 | -€2,416 | -28.2% |
| Furniture and vehicles | 24 | €8,566 | €6,150 | -€2,416 | -28.2% |
| Current assets | 29/58 | €68,884 | €104,792 | +€35,907 | +52.1% |
| Amounts receivable after more than one year | 29 | €56,867 | €41,288 | -€15,579 | -27.4% |
| Other amounts receivable | 291 | €56,867 | €41,288 | -€15,579 | -27.4% |
| Amounts receivable within one year | 40/41 | €7,907 | €46,556 | +€38,649 | +488.8% |
| Trade receivables | 40 | €1,000 | €35,557 | +€34,557 | +3455.7% |
| Other amounts receivable | 41 | €6,907 | €10,999 | +€4,092 | +59.3% |
| Cash at bank and in hand | 54/58 | €3,650 | €16,947 | +€13,297 | +364.3% |
| Deferred charges and accrued income | 490/1 | €460 | - | -€460 | |
| Total equity and liabilities | 10/49 | €77,450 | €110,942 | +€33,491 | +43.2% |
| Equity | 10/15 | €56,142 | €76,184 | +€20,041 | +35.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,142 | €71,184 | +€20,041 | +39.2% |
| Distributable reserves | 133 | €51,142 | €71,184 | +€20,041 | +39.2% |
| Amounts payable | 17/49 | €21,308 | €34,758 | +€13,450 | +63.1% |
| Amounts payable after more than one year | 17 | €3,875 | - | -€3,875 | |
| Financial debts | 170/4 | €3,875 | - | -€3,875 | |
| Amounts payable within one year | 42/48 | €17,433 | €34,758 | +€17,325 | +99.4% |
| Current portion of amounts payable after more than one year | 42 | €5,114 | €3,875 | -€1,239 | -24.2% |
| Trade debts | 44 | €11,489 | €10,385 | -€1,104 | -9.6% |
| Suppliers | 440/4 | €11,489 | €10,385 | -€1,104 | -9.6% |
| Advances received on contracts in progress | 46 | - | €18,041 | +€18,041 | |
| Taxes, remuneration and social security | 45 | €249 | €1,875 | +€1,626 | +653.2% |
| Taxes | 450/3 | €249 | €1,875 | +€1,626 | +653.2% |
| Other amounts payable | 47/48 | €581 | €581 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,474 | €5,408 | +€1,934 | +55.7% |
| Other operating charges | 640/8 | €221 | €1,476 | +€1,255 | +567.2% |
| Gross operating margin | 9900 | €68,859 | €32,909 | -€35,950 | -52.2% |
| Operating profit (loss) | 9901 | €65,164 | €26,025 | -€39,139 | -60.1% |
| Financial income | 75/76B | - | €3,167 | +€3,167 | |
| Recurring financial income | 75 | - | €3,167 | +€3,167 | |
| Financial charges | 65/66B | €99 | €201 | +€103 | +104.1% |
| Recurring financial charges | 65 | €99 | €201 | +€103 | +104.1% |
| Profit (loss) for the period before taxes | 9903 | €65,066 | €28,991 | -€36,075 | -55.4% |
| Income taxes | 67/77 | €13,093 | €8,120 | -€4,974 | -38.0% |
| Profit (loss) for the period | 9904 | €51,972 | €20,871 | -€31,101 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,972 | €20,871 | -€31,101 | -59.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.