GLAUDIS: 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.
GLAUDIS
Largest movements
- Receivables within one year -€217,148
down €217,148 (-79.6%), from €272,663 to €55,514
of which Trade receivables: -€194,856
- Cash -€47,898
down €47,898 (-65.0%), from €73,694 to €25,796
mainly Trade debts (-€433,791) and Net result for the year (-€256,012)
- Tangible fixed assets -€34,769
down €34,769 (-67.9%), from €51,220 to €16,451
of which Land and buildings: -€32,904
- Trade debts -€433,791
down €433,791 (-90.9%), from €476,991 to €43,200
- Other debts +€387,562
up €387,562 (+97.4%), from €398,068 to €785,630
- Profit (loss) carried forward -€256,012
down €256,012 (-38.0%), from -€673,539 to -€929,551
- Staff costs -€432,401
down €432,401 (-99.8%), from €433,290 to €889
- Depreciation -€61,042
down €61,042 (-63.2%), from €96,577 to €35,536
- Gross operating margin +€59,551
up €59,551 (+21.6%), from -€275,200 to -€215,650
- Financial income -€55,176
down €55,176 (-100.0%), from €55,188 to €12
- Financial charges -€33,039
down €33,039 (-95.9%), from €34,443 to €1,404
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 | €401,520 | €99,500 | -€302,020 | -75.2% |
| Fixed assets | 21/28 | €53,725 | €18,189 | -€35,536 | -66.1% |
| Intangible fixed assets | 21 | €2,506 | €1,739 | -€767 | -30.6% |
| Tangible fixed assets | 22/27 | €51,220 | €16,451 | -€34,769 | -67.9% |
| Land and buildings | 22 | €43,744 | €10,840 | -€32,904 | -75.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,475 | €5,610 | -€1,865 | -24.9% |
| Current assets | 29/58 | €347,795 | €81,310 | -€266,484 | -76.6% |
| Amounts receivable within one year | 40/41 | €272,663 | €55,514 | -€217,148 | -79.6% |
| Trade receivables | 40 | €250,367 | €55,511 | -€194,856 | -77.8% |
| Other amounts receivable | 41 | €22,296 | €4 | -€22,292 | -100.0% |
| Cash at bank and in hand | 54/58 | €73,694 | €25,796 | -€47,898 | -65.0% |
| Deferred charges and accrued income | 490/1 | €1,438 | €0 | -€1,438 | -100.0% |
| Total equity and liabilities | 10/49 | €401,520 | €99,500 | -€302,020 | -75.2% |
| Equity | 10/15 | -€473,539 | -€729,551 | -€256,012 | -54.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€673,539 | -€929,551 | -€256,012 | -38.0% |
| Amounts payable | 17/49 | €875,059 | €829,051 | -€46,008 | -5.3% |
| Amounts payable within one year | 42/48 | €875,059 | €829,051 | -€46,008 | -5.3% |
| Trade debts | 44 | €476,991 | €43,200 | -€433,791 | -90.9% |
| Suppliers | 440/4 | €476,991 | €43,200 | -€433,791 | -90.9% |
| Taxes, remuneration and social security | 45 | €0 | €221 | +€221 | |
| Taxes | 450/3 | €0 | €221 | +€221 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €398,068 | €785,630 | +€387,562 | +97.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €433,290 | €889 | -€432,401 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,577 | €35,536 | -€61,042 | -63.2% |
| Other operating charges | 640/8 | €34,988 | €2,545 | -€32,443 | -92.7% |
| Gross operating margin | 9900 | -€275,200 | -€215,650 | +€59,551 | +21.6% |
| Operating profit (loss) | 9901 | -€840,056 | -€254,620 | +€585,436 | +69.7% |
| Financial income | 75/76B | €55,188 | €12 | -€55,176 | -100.0% |
| Recurring financial income | 75 | €55,188 | €12 | -€55,176 | -100.0% |
| Financial charges | 65/66B | €34,443 | €1,404 | -€33,039 | -95.9% |
| Recurring financial charges | 65 | €34,443 | €1,404 | -€33,039 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€819,311 | -€256,012 | +€563,299 | +68.8% |
| Income taxes | 67/77 | €1,840 | €0 | -€1,840 | -100.0% |
| Profit (loss) for the period | 9904 | -€821,151 | -€256,012 | +€565,139 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€821,151 | -€256,012 | +€565,139 | +68.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.