GLAZENWASSER ERIK: 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.
GLAZENWASSER ERIK
Largest movements
- Tangible fixed assets -€3,805
down €3,805 (-59.4%), from €6,411 to €2,606
of which Plant, machinery and equipment: -€2,455
- Trade debts -€5,226
down €5,226 (-87.7%), from €5,959 to €733
- Profit (loss) carried forward +€4,411
up €4,411 (+18.8%), from €23,441 to €27,852
- Short-term financial debts -€2,288
no longer reported in 2025 (was €2,288)
- Gross operating margin +€7,805
up €7,805 (+83.0%), from €9,409 to €17,214
- Taxes +€2,602
up €2,602 (+57.6%), from €4,519 to €7,121
- Depreciation -€1,506
down €1,506 (-28.4%), from €5,312 to €3,805
- Other operating charges +€747
up €747 (+89.5%), from €834 to €1,581
- Financial charges -€327
down €327 (-52.3%), from €624 to €298
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 | €52,626 | €49,378 | -€3,247 | -6.2% |
| Fixed assets | 21/28 | €6,411 | €2,606 | -€3,805 | -59.4% |
| Tangible fixed assets | 22/27 | €6,411 | €2,606 | -€3,805 | -59.4% |
| Plant, machinery and equipment | 23 | €4,709 | €2,255 | -€2,455 | -52.1% |
| Furniture and vehicles | 24 | €1,702 | €351 | -€1,351 | -79.4% |
| Current assets | 29/58 | €46,214 | €46,773 | +€558 | +1.2% |
| Amounts receivable within one year | 40/41 | €28,456 | €28,863 | +€407 | +1.4% |
| Trade receivables | 40 | €343 | €3,762 | +€3,419 | +997% |
| Other amounts receivable | 41 | €28,113 | €25,101 | -€3,012 | -10.7% |
| Cash at bank and in hand | 54/58 | €17,758 | €17,909 | +€151 | +0.9% |
| Total equity and liabilities | 10/49 | €52,626 | €49,378 | -€3,247 | -6.2% |
| Equity | 10/15 | €34,696 | €39,106 | +€4,411 | +12.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,254 | €8,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €7,954 | €7,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,441 | €27,852 | +€4,411 | +18.8% |
| Amounts payable | 17/49 | €17,930 | €10,272 | -€7,658 | -42.7% |
| Amounts payable within one year | 42/48 | €17,930 | €10,272 | -€7,658 | -42.7% |
| Financial debts | 43 | €2,288 | - | -€2,288 | |
| Credit institutions | 430/8 | €2,288 | - | -€2,288 | |
| Trade debts | 44 | €5,959 | €733 | -€5,226 | -87.7% |
| Suppliers | 440/4 | €5,959 | €733 | -€5,226 | -87.7% |
| Taxes, remuneration and social security | 45 | €9,683 | €9,539 | -€144 | -1.5% |
| Taxes | 450/3 | €9,683 | €9,539 | -€144 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,312 | €3,805 | -€1,506 | -28.4% |
| Other operating charges | 640/8 | €834 | €1,581 | +€747 | +89.5% |
| Gross operating margin | 9900 | €9,409 | €17,214 | +€7,805 | +83.0% |
| Operating profit (loss) | 9901 | €3,263 | €11,828 | +€8,565 | +262% |
| Financial income | 75/76B | €7 | €2 | -€6 | -79.7% |
| Recurring financial income | 75 | €7 | €2 | -€6 | -79.7% |
| Financial charges | 65/66B | €624 | €298 | -€327 | -52.3% |
| Recurring financial charges | 65 | €624 | €298 | -€327 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €2,646 | €11,531 | +€8,885 | +336% |
| Income taxes | 67/77 | €4,519 | €7,121 | +€2,602 | +57.6% |
| Profit (loss) for the period | 9904 | -€1,872 | €4,411 | +€6,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,872 | €4,411 | +€6,283 |
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 24 October 2026 via checked.be.