GLAUKE: what changed
What changed
GLAUKE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€72,237
2024 · €283,923-€211,686
Equity
€2.5m
2024 · €2.4m+€72,237
Cash
€88,724
2024 · €99,920-€11,195
Balance sheet total
€2.5m
2024 · €2.5m+€67,808
Largest movements
Assets
- Current investments +€68,458
up €68,458 (+13.7%), from €500,699 to €569,158
Equity and liabilities
- Reserves +€72,237
up €72,237 (+13.8%), from €522,846 to €595,083
Income statement
- Financial income -€223,943
down €223,943 (-71.0%), from €315,494 to €91,551
- Gross operating margin +€8,711
up €8,711 (+21.2%), from €41,169 to €49,881
- Taxes -€6,643
down €6,643 (-19.2%), from €34,560 to €27,917
- Depreciation +€3,162
up €3,162 (+10.6%), from €29,837 to €32,999
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€283,923
Gross operating margin
+€8,711
Depreciation
-€3,162
Other operating charges
+€362
Financial income
-€223,943
Financial charges
-€296
Taxes
+€6,643
Result 2025
€72,237
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€86,621
Investment
-€97,817
Financing
€0
Cash 2024
€99,920
From operations (derived)
+€86,621
Net result for the year
+€72,237
Depreciation
+€32,999
Receivables within one year
-€14,222
Smaller working-capital items
-€74
Trade debts
-€9,922
Tax, wage and social debts
+€5,603
Investment (derived)
-€97,817
Investment in fixed assets (net)
-€29,358
Current investments
-€68,458
Cash 2025
€88,724
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,468,130 | €2,535,939 | +€67,808 | +2.7% |
| Fixed assets | 21/28 | €1,365,923 | €1,362,283 | -€3,641 | -0.3% |
| Tangible fixed assets | 22/27 | €660,923 | €657,283 | -€3,641 | -0.6% |
| Land and buildings | 22 | €627,273 | €603,824 | -€23,450 | -3.7% |
| Plant, machinery and equipment | 23 | €33,650 | €53,459 | +€19,809 | +58.9% |
| Financial fixed assets | 28 | €705,000 | €705,000 | = | 0.0% |
| Current assets | 29/58 | €1,102,207 | €1,173,656 | +€71,449 | +6.5% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €981 | €15,202 | +€14,222 | +1,450% |
| Trade receivables | 40 | €0 | €15,125 | +€15,125 | |
| Other amounts receivable | 41 | €981 | €77 | -€903 | -92.1% |
| Current investments | 50/53 | €500,699 | €569,158 | +€68,458 | +13.7% |
| Cash at bank and in hand | 54/58 | €99,920 | €88,724 | -€11,195 | -11.2% |
| Deferred charges and accrued income | 490/1 | €607 | €572 | -€35 | -5.8% |
| Total equity and liabilities | 10/49 | €2,468,130 | €2,535,939 | +€67,808 | +2.7% |
| Equity | 10/15 | €2,420,813 | €2,493,050 | +€72,237 | +3.0% |
| Contributions | 10/11 | €25,750 | €25,750 | = | 0.0% |
| Reserves | 13 | €522,846 | €595,083 | +€72,237 | +13.8% |
| Distributable reserves | 133 | €522,846 | €595,083 | +€72,237 | +13.8% |
| Profit (loss) carried forward | 14 | €1,872,217 | €1,872,217 | = | 0.0% |
| Amounts payable | 17/49 | €47,317 | €42,889 | -€4,428 | -9.4% |
| Amounts payable within one year | 42/48 | €46,360 | €42,041 | -€4,319 | -9.3% |
| Trade debts | 44 | €10,433 | €511 | -€9,922 | -95.1% |
| Suppliers | 440/4 | €10,433 | €511 | -€9,922 | -95.1% |
| Taxes, remuneration and social security | 45 | €35,928 | €41,531 | +€5,603 | +15.6% |
| Taxes | 450/3 | €35,928 | €41,531 | +€5,603 | +15.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €957 | €848 | -€110 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,837 | €32,999 | +€3,162 | +10.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €8,229 | €7,868 | -€362 | -4.4% |
| Gross operating margin | 9900 | €41,169 | €49,881 | +€8,711 | +21.2% |
| Operating profit (loss) | 9901 | €3,104 | €9,014 | +€5,911 | +190% |
| Financial income | 75/76B | €315,494 | €91,551 | -€223,943 | -71.0% |
| Recurring financial income | 75 | €315,494 | €91,551 | -€223,943 | -71.0% |
| Financial charges | 65/66B | €115 | €412 | +€296 | +257% |
| Recurring financial charges | 65 | €115 | €412 | +€296 | +257% |
| Profit (loss) for the period before taxes | 9903 | €318,482 | €100,154 | -€218,329 | -68.6% |
| Income taxes | 67/77 | €34,560 | €27,917 | -€6,643 | -19.2% |
| Profit (loss) for the period | 9904 | €283,923 | €72,237 | -€211,686 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €283,923 | €72,237 | -€211,686 | -74.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.