GLAZOO: 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.
GLAZOO
Largest movements
- Cash -€23,941
down €23,941 (-60.5%), from €39,574 to €15,633
mainly Debts after one year (-€54,184) and Trade debts (-€6,114)
- Intangible fixed assets -€3,531
down €3,531 (-64.3%), from €5,490 to €1,959
- Receivables within one year +€1,752
up €1,752, from €0 to €1,752
of which Trade receivables: +€1,734
- Formation expenses -€1,537
down €1,537 (-81.7%), from €1,882 to €345
- Deferred charges and accrued income +€939
up €939 (+1375.2%), from €68 to €1,007
- Debts after one year -€54,184
down €54,184 (-67.1%), from €80,746 to €26,563
- Short-term financial debts +€20,236
new in 2025: €20,236
of which Other loans: +€18,750
- Profit (loss) carried forward +€13,232
up €13,232 (+8.8%), from -€151,136 to -€137,903
- Trade debts -€6,114
down €6,114 (-52.7%), from €11,592 to €5,479
- Tax, wage and social debts +€510
up €510 (+13.7%), from €3,712 to €4,222
- Gross operating margin -€8,116
down €8,116 (-26.7%), from €30,430 to €22,314
- Financial charges -€1,514
down €1,514 (-29.7%), from €5,100 to €3,585
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 | €47,015 | €20,696 | -€26,319 | -56.0% |
| Formation expenses | 20 | €1,882 | €345 | -€1,537 | -81.7% |
| Fixed assets | 21/28 | €5,490 | €1,959 | -€3,531 | -64.3% |
| Intangible fixed assets | 21 | €5,490 | €1,959 | -€3,531 | -64.3% |
| Current assets | 29/58 | €39,642 | €18,393 | -€21,250 | -53.6% |
| Amounts receivable within one year | 40/41 | €0 | €1,752 | +€1,752 | |
| Trade receivables | 40 | €0 | €1,734 | +€1,734 | |
| Other amounts receivable | 41 | €0 | €19 | +€19 | |
| Cash at bank and in hand | 54/58 | €39,574 | €15,633 | -€23,941 | -60.5% |
| Deferred charges and accrued income | 490/1 | €68 | €1,007 | +€939 | +1375.2% |
| Total equity and liabilities | 10/49 | €47,015 | €20,696 | -€26,319 | -56.0% |
| Equity | 10/15 | -€49,536 | -€36,303 | +€13,232 | +26.7% |
| Contributions | 10/11 | €101,600 | €101,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,136 | -€137,903 | +€13,232 | +8.8% |
| Amounts payable | 17/49 | €96,551 | €57,000 | -€39,551 | -41.0% |
| Amounts payable after more than one year | 17 | €80,746 | €26,563 | -€54,184 | -67.1% |
| Financial debts | 170/4 | €80,746 | €26,563 | -€54,184 | -67.1% |
| Amounts payable within one year | 42/48 | €15,804 | €30,437 | +€14,633 | +92.6% |
| Financial debts | 43 | - | €20,236 | +€20,236 | |
| Credit institutions | 430/8 | - | €1,486 | +€1,486 | |
| Other loans | 439 | - | €18,750 | +€18,750 | |
| Trade debts | 44 | €11,592 | €5,479 | -€6,114 | -52.7% |
| Suppliers | 440/4 | €11,592 | €5,479 | -€6,114 | -52.7% |
| Taxes, remuneration and social security | 45 | €3,712 | €4,222 | +€510 | +13.7% |
| Taxes | 450/3 | €3,712 | €4,222 | +€510 | +13.7% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,106 | €5,069 | -€37 | -0.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,430 | €22,314 | -€8,116 | -26.7% |
| Operating profit (loss) | 9901 | €24,819 | €16,725 | -€8,093 | -32.6% |
| Financial income | 75/76B | €0 | €92 | +€92 | +70830.8% |
| Recurring financial income | 75 | €0 | €92 | +€92 | +70830.8% |
| Financial charges | 65/66B | €5,100 | €3,585 | -€1,514 | -29.7% |
| Recurring financial charges | 65 | €5,100 | €3,585 | -€1,514 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €19,719 | €13,232 | -€6,487 | -32.9% |
| Profit (loss) for the period | 9904 | €19,719 | €13,232 | -€6,487 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,719 | €13,232 | -€6,487 | -32.9% |
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 7 October 2026 via checked.be.