GLEZICAD: 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.
GLEZICAD
Largest movements
- Receivables within one year +€9,834
up €9,834 (+103%), from €9,526 to €19,361
of which Trade receivables: +€9,099
- Tangible fixed assets +€7,081
up €7,081 (+22.8%), from €31,114 to €38,194
of which Leasing and similar rights: +€9,831
- Intangible fixed assets -€3,639
no longer reported in 2025 (was €3,639)
- Cash +€2,461
up €2,461 (+15.9%), from €15,469 to €17,931
mainly Net result for the year (+€24,297) and Other debts (+€20,178)
- Other debts +€20,178
up €20,178 (+205%), from €9,822 to €30,000
- Debts after one year +€6,070
up €6,070 (+29.2%), from €20,811 to €26,881
- Reserves -€5,703
down €5,703 (-62.1%), from €9,181 to €3,478
- Trade debts -€3,966
down €3,966 (-41.5%), from €9,557 to €5,591
- Current portion of long-term debt +€1,957
up €1,957 (+32.8%), from €5,968 to €7,925
- Gross operating margin +€23,922
up €23,922 (+70.9%), from €33,751 to €57,673
- Staff costs +€3,510
up €3,510 (+82.8%), from €4,240 to €7,750
- Taxes +€888
up €888 (+24.1%), from €3,689 to €4,577
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 | €64,332 | €81,307 | +€16,975 | +26.4% |
| Fixed assets | 21/28 | €34,753 | €38,194 | +€3,441 | +9.9% |
| Intangible fixed assets | 21 | €3,639 | - | -€3,639 | |
| Tangible fixed assets | 22/27 | €31,114 | €38,194 | +€7,081 | +22.8% |
| Land and buildings | 22 | €978 | €478 | -€500 | -51.1% |
| Plant, machinery and equipment | 23 | €430 | €1,012 | +€582 | +135% |
| Furniture and vehicles | 24 | €12,958 | €10,126 | -€2,832 | -21.9% |
| Leasing and similar rights | 25 | €16,748 | €26,579 | +€9,831 | +58.7% |
| Current assets | 29/58 | €29,579 | €43,112 | +€13,533 | +45.8% |
| Stocks and contracts in progress | 3 | €3,507 | €4,178 | +€672 | +19.2% |
| Stocks | 30/36 | €3,507 | €4,178 | +€672 | +19.2% |
| Amounts receivable within one year | 40/41 | €9,526 | €19,361 | +€9,834 | +103% |
| Trade receivables | 40 | €8,709 | €17,808 | +€9,099 | +104% |
| Other amounts receivable | 41 | €817 | €1,553 | +€736 | +90.1% |
| Cash at bank and in hand | 54/58 | €15,469 | €17,931 | +€2,461 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,077 | €1,643 | +€566 | +52.5% |
| Total equity and liabilities | 10/49 | €64,332 | €81,307 | +€16,975 | +26.4% |
| Equity | 10/15 | €14,181 | €8,478 | -€5,703 | -40.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,181 | €3,478 | -€5,703 | -62.1% |
| Distributable reserves | 133 | €9,181 | €3,478 | -€5,703 | -62.1% |
| Amounts payable | 17/49 | €50,151 | €72,828 | +€22,677 | +45.2% |
| Amounts payable after more than one year | 17 | €20,811 | €26,881 | +€6,070 | +29.2% |
| Financial debts | 170/4 | €20,811 | €26,881 | +€6,070 | +29.2% |
| Amounts payable within one year | 42/48 | €29,340 | €45,948 | +€16,608 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €5,968 | €7,925 | +€1,957 | +32.8% |
| Trade debts | 44 | €9,557 | €5,591 | -€3,966 | -41.5% |
| Suppliers | 440/4 | €9,557 | €5,591 | -€3,966 | -41.5% |
| Taxes, remuneration and social security | 45 | €3,993 | €2,433 | -€1,561 | -39.1% |
| Taxes | 450/3 | €3,993 | €353 | -€3,640 | -91.1% |
| Remuneration and social security | 454/9 | - | €2,079 | +€2,079 | |
| Other amounts payable | 47/48 | €9,822 | €30,000 | +€20,178 | +205% |
| Remuneration, social security and pensions | 62 | €4,240 | €7,750 | +€3,510 | +82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,530 | €14,161 | -€370 | -2.5% |
| Other operating charges | 640/8 | €1,425 | €1,019 | -€406 | -28.5% |
| Non-recurring operating charges | 66A | - | €4,666 | +€4,666 | |
| Gross operating margin | 9900 | €33,751 | €57,673 | +€23,922 | +70.9% |
| Operating profit (loss) | 9901 | €13,556 | €30,078 | +€16,522 | +122% |
| Financial income | 75/76B | €75 | €43 | -€31 | -41.8% |
| Recurring financial income | 75 | €75 | €43 | -€31 | -41.8% |
| Financial charges | 65/66B | €909 | €1,246 | +€337 | +37.0% |
| Recurring financial charges | 65 | €909 | €1,246 | +€337 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €12,721 | €28,875 | +€16,154 | +127% |
| Income taxes | 67/77 | €3,689 | €4,577 | +€888 | +24.1% |
| Profit (loss) for the period | 9904 | €9,032 | €24,297 | +€15,266 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €9,032 | €24,297 | +€15,266 | +169% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.