Glenn Decor: 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.
Glenn Decor
Largest movements
- Cash +€22,861
up €22,861 (+70.3%), from €32,506 to €55,367
mainly Receivables within one year (+€12,514) and Net result for the year (+€11,484)
- Receivables within one year -€12,514
down €12,514 (-47.7%), from €26,253 to €13,739
of which Trade receivables: -€11,052
- Tangible fixed assets -€6,479
down €6,479 (-19.4%), from €33,428 to €26,949
- Intangible fixed assets +€1,565
new in 2025: €1,565
- Profit (loss) carried forward +€11,484
up €11,484 (+14.2%), from €81,111 to €92,595
- Other debts -€9,200
down €9,200 (-80.3%), from €11,458 to €2,258
- Tax, wage and social debts +€1,676
up €1,676 (+2095.3%), from €80 to €1,756
- Gross operating margin -€6,757
down €6,757 (-20.6%), from €32,724 to €25,967
- Depreciation -€2,360
down €2,360 (-21.2%), from €11,105 to €8,745
- Taxes -€469
down €469 (-10.0%), from €4,707 to €4,238
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 | €96,128 | €100,649 | +€4,521 | +4.7% |
| Fixed assets | 21/28 | €33,428 | €28,514 | -€4,914 | -14.7% |
| Intangible fixed assets | 21 | - | €1,565 | +€1,565 | |
| Tangible fixed assets | 22/27 | €33,428 | €26,949 | -€6,479 | -19.4% |
| Plant, machinery and equipment | 23 | €7,506 | €5,857 | -€1,650 | -22.0% |
| Furniture and vehicles | 24 | €1,998 | €0 | -€1,998 | -100.0% |
| Other tangible fixed assets | 26 | €23,924 | €21,092 | -€2,831 | -11.8% |
| Current assets | 29/58 | €62,700 | €72,136 | +€9,435 | +15.0% |
| Stocks and contracts in progress | 3 | €3,029 | €3,029 | = | 0.0% |
| Stocks | 30/36 | €3,029 | €3,029 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,253 | €13,739 | -€12,514 | -47.7% |
| Trade receivables | 40 | €21,529 | €10,477 | -€11,052 | -51.3% |
| Other amounts receivable | 41 | €4,724 | €3,262 | -€1,462 | -31.0% |
| Cash at bank and in hand | 54/58 | €32,506 | €55,367 | +€22,861 | +70.3% |
| Deferred charges and accrued income | 490/1 | €912 | €0 | -€912 | -100.0% |
| Total equity and liabilities | 10/49 | €96,128 | €100,649 | +€4,521 | +4.7% |
| Equity | 10/15 | €82,111 | €93,595 | +€11,484 | +14.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,111 | €92,595 | +€11,484 | +14.2% |
| Amounts payable | 17/49 | €14,017 | €7,054 | -€6,963 | -49.7% |
| Amounts payable within one year | 42/48 | €14,017 | €7,054 | -€6,963 | -49.7% |
| Trade debts | 44 | €2,479 | €3,040 | +€562 | +22.7% |
| Suppliers | 440/4 | €2,479 | €3,040 | +€562 | +22.7% |
| Taxes, remuneration and social security | 45 | €80 | €1,756 | +€1,676 | +2095.3% |
| Taxes | 450/3 | €80 | €1,756 | +€1,676 | +2095.3% |
| Other amounts payable | 47/48 | €11,458 | €2,258 | -€9,200 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,105 | €8,745 | -€2,360 | -21.2% |
| Other operating charges | 640/8 | €1,314 | €1,334 | +€19 | +1.5% |
| Gross operating margin | 9900 | €32,724 | €25,967 | -€6,757 | -20.6% |
| Operating profit (loss) | 9901 | €20,305 | €15,888 | -€4,417 | -21.8% |
| Financial income | 75/76B | €4 | €9 | +€5 | +131.8% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +131.8% |
| Financial charges | 65/66B | €127 | €174 | +€48 | +37.7% |
| Recurring financial charges | 65 | €127 | €174 | +€48 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €20,182 | €15,722 | -€4,460 | -22.1% |
| Income taxes | 67/77 | €4,707 | €4,238 | -€469 | -10.0% |
| Profit (loss) for the period | 9904 | €15,475 | €11,484 | -€3,991 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,475 | €11,484 | -€3,991 | -25.8% |
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 6 October 2026 via checked.be.