GLAVERPANE: 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.
What changed
GLAVERPANE
NACE 23.110, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€157,634
2024 · €735,414-€893,049
Equity
€15.5m
2024 · €15.6m-€157,634
Cash
-
not filed
Balance sheet total
€19.5m
2024 · €48.5m-€28.9m
Largest movements
Assets
- Receivables within one year -€28.3m
down €28.3m (-67.6%), from €41.8m to €13.6m
of which Trade receivables: -€29.2m
- Tangible fixed assets -€656,233
down €656,233 (-9.9%), from €6.6m to €6.0m
of which Plant, machinery and equipment: -€521,163
Equity and liabilities
- Trade debts -€28.8m
down €28.8m (-96.7%), from €29.7m to €971,650
- Debts after one year -€3.0m
no longer reported in 2025 (was €3.0m)
- Short-term financial debts +€3.0m
new in 2025: €3.0m
Income statement
- Turnover -€22.4m
down €22.4m (-28.6%), from €78.2m to €55.8m
- Goods and materials -€18.2m
down €18.2m (-27.1%), from €67.3m to €49.0m
- Services and other goods -€3.0m
down €3.0m (-34.0%), from €9.0m to €5.9m
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.
Result 2024
€735,414
Turnover
-€22.4m
Goods and materials
+€18.2m
Services and other goods
+€3.0m
Depreciation
+€26,251
Other operating charges
+€152,168
Financial income
-€167,660
Financial charges
-€21,563
Taxes
+€267,309
Result 2025
-€157,634
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,465,181 | €19,529,134 | -€28.9m | -59.7% |
| Fixed assets | 21/28 | €6,629,326 | €5,973,094 | -€656,233 | -9.9% |
| Tangible fixed assets | 22/27 | €6,629,326 | €5,973,094 | -€656,233 | -9.9% |
| Land and buildings | 22 | €1,135,832 | €1,021,507 | -€114,325 | -10.1% |
| Plant, machinery and equipment | 23 | €5,334,450 | €4,813,287 | -€521,163 | -9.8% |
| Furniture and vehicles | 24 | €159,045 | €138,300 | -€20,745 | -13.0% |
| Current assets | 29/58 | €41,835,855 | €13,556,040 | -€28.3m | -67.6% |
| Amounts receivable within one year | 40/41 | €41,835,855 | €13,556,040 | -€28.3m | -67.6% |
| Trade receivables | 40 | €29,639,074 | €398,180 | -€29.2m | -98.7% |
| Other amounts receivable | 41 | €12,196,780 | €13,157,860 | +€961,079 | +7.9% |
| Total equity and liabilities | 10/49 | €48,465,181 | €19,529,134 | -€28.9m | -59.7% |
| Equity | 10/15 | €15,615,788 | €15,458,154 | -€157,634 | -1.0% |
| Contributions | 10/11 | €4,957,871 | €4,957,871 | = | 0.0% |
| Capital | 10 | €4,957,871 | €4,957,871 | = | 0.0% |
| Issued capital | 100 | €4,957,871 | €4,957,871 | = | 0.0% |
| Reserves | 13 | €701,492 | €701,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €701,492 | €701,492 | = | 0.0% |
| Legal reserve | 130 | €701,492 | €701,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,956,426 | €9,798,792 | -€157,634 | -1.6% |
| Amounts payable | 17/49 | €32,849,393 | €4,070,980 | -€28.8m | -87.6% |
| Amounts payable after more than one year | 17 | €3,000,000 | - | -€3.0m | |
| Financial debts | 170/4 | €3,000,000 | - | -€3.0m | |
| Other loans | 174 | €3,000,000 | - | -€3.0m | |
| Amounts payable within one year | 42/48 | €29,846,125 | €4,065,598 | -€25.8m | -86.4% |
| Financial debts | 43 | - | €3,000,000 | +€3.0m | |
| Other loans | 439 | - | €3,000,000 | +€3.0m | |
| Trade debts | 44 | €29,736,125 | €971,650 | -€28.8m | -96.7% |
| Suppliers | 440/4 | €29,736,125 | €971,650 | -€28.8m | -96.7% |
| Taxes, remuneration and social security | 45 | €110,000 | €93,948 | -€16,052 | -14.6% |
| Taxes | 450/3 | €110,000 | €93,948 | -€16,052 | -14.6% |
| Accrued charges and deferred income | 492/3 | €3,268 | €5,382 | +€2,114 | +64.7% |
| Operating income | 70/76A | €78,232,090 | €55,827,842 | -€22.4m | -28.6% |
| Turnover | 70 | €78,232,090 | €55,827,842 | -€22.4m | -28.6% |
| Operating charges | 60/66A | €77,476,158 | €56,043,044 | -€21.4m | -27.7% |
| Goods for resale, raw materials and consumables | 60 | €67,250,443 | €49,044,222 | -€18.2m | -27.1% |
| Purchases | 600/8 | €67,250,443 | €49,044,222 | -€18.2m | -27.1% |
| Services and other goods | 61 | €8,977,303 | €5,928,830 | -€3.0m | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €697,483 | €671,232 | -€26,251 | -3.8% |
| Other operating charges | 640/8 | €550,928 | €398,760 | -€152,168 | -27.6% |
| Operating profit (loss) | 9901 | €755,932 | -€215,202 | -€971,135 | |
| Financial income | 75/76B | €346,471 | €178,811 | -€167,660 | -48.4% |
| Recurring financial income | 75 | €346,471 | €178,811 | -€167,660 | -48.4% |
| Income from current assets | 751 | €346,471 | €178,811 | -€167,660 | -48.4% |
| Financial charges | 65/66B | €101,990 | €123,553 | +€21,563 | +21.1% |
| Recurring financial charges | 65 | €101,990 | €123,553 | +€21,563 | +21.1% |
| Debt charges | 650 | €101,618 | €123,127 | +€21,509 | +21.2% |
| Other financial charges | 652/9 | €372 | €426 | +€55 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €1,000,414 | -€159,944 | -€1.2m | |
| Income taxes | 67/77 | €265,000 | -€2,309 | -€267,309 | |
| Taxes | 670/3 | €265,000 | - | -€265,000 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,309 | +€2,309 | |
| Profit (loss) for the period | 9904 | €735,414 | -€157,634 | -€893,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €735,414 | -€157,634 | -€893,049 |
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 15 October 2026 via checked.be.