Glinstering: 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.
Glinstering
Largest movements
- Receivables within one year -€17,777
down €17,777 (-58.2%), from €30,524 to €12,746
of which Trade receivables: -€23,936
- Cash +€11,120
up €11,120 (+12.0%), from €92,373 to €103,493
mainly Receivables within one year (+€17,777) and Depreciation (+€11,268)
- Tangible fixed assets -€9,924
down €9,924 (-36.0%), from €27,581 to €17,656
of which Furniture and vehicles: -€7,339
- Stocks and contracts +€6,896
up €6,896 (+72.2%), from €9,550 to €16,445
- Accrued charges and deferred income -€4,651
down €4,651 (-95.4%), from €4,876 to €225
- Advances received -€2,825
no longer reported in 2025 (was €2,825)
- Trade debts -€2,025
down €2,025 (-8.2%), from €24,640 to €22,615
- Staff costs +€12,558
up €12,558 (+5.1%), from €245,090 to €257,648
- Other operating charges +€4,611
up €4,611 (+120.6%), from €3,822 to €8,433
- Gross operating margin -€3,678
down €3,678 (-1.2%), from €295,162 to €291,484
- Taxes -€3,526
down €3,526 (-36.1%), from €9,759 to €6,233
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 | €161,938 | €152,704 | -€9,234 | -5.7% |
| Fixed assets | 21/28 | €27,581 | €17,756 | -€9,824 | -35.6% |
| Tangible fixed assets | 22/27 | €27,581 | €17,656 | -€9,924 | -36.0% |
| Plant, machinery and equipment | 23 | €5,911 | €4,783 | -€1,128 | -19.1% |
| Furniture and vehicles | 24 | €19,219 | €11,880 | -€7,339 | -38.2% |
| Other tangible fixed assets | 26 | €2,451 | €993 | -€1,457 | -59.5% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €134,357 | €134,948 | +€590 | +0.4% |
| Stocks and contracts in progress | 3 | €9,550 | €16,445 | +€6,896 | +72.2% |
| Stocks | 30/36 | €9,550 | €16,445 | +€6,896 | +72.2% |
| Amounts receivable within one year | 40/41 | €30,524 | €12,746 | -€17,777 | -58.2% |
| Trade receivables | 40 | €24,179 | €243 | -€23,936 | -99.0% |
| Other amounts receivable | 41 | €6,345 | €12,503 | +€6,158 | +97.1% |
| Cash at bank and in hand | 54/58 | €92,373 | €103,493 | +€11,120 | +12.0% |
| Deferred charges and accrued income | 490/1 | €1,911 | €2,263 | +€352 | +18.4% |
| Total equity and liabilities | 10/49 | €161,938 | €152,704 | -€9,234 | -5.7% |
| Equity | 10/15 | €105,383 | €105,829 | +€446 | +0.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €104,383 | €104,829 | +€446 | +0.4% |
| Distributable reserves | 133 | €104,383 | €104,829 | +€446 | +0.4% |
| Amounts payable | 17/49 | €56,555 | €46,875 | -€9,680 | -17.1% |
| Amounts payable within one year | 42/48 | €51,679 | €46,650 | -€5,029 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €845 | €854 | +€9 | +1.1% |
| Trade debts | 44 | €24,640 | €22,615 | -€2,025 | -8.2% |
| Suppliers | 440/4 | €24,640 | €22,615 | -€2,025 | -8.2% |
| Advances received on contracts in progress | 46 | €2,825 | - | -€2,825 | |
| Taxes, remuneration and social security | 45 | €23,044 | €23,181 | +€136 | +0.6% |
| Taxes | 450/3 | €15,604 | €12,765 | -€2,839 | -18.2% |
| Remuneration and social security | 454/9 | €7,440 | €10,416 | +€2,975 | +40.0% |
| Other amounts payable | 47/48 | €325 | - | -€325 | |
| Accrued charges and deferred income | 492/3 | €4,876 | €225 | -€4,651 | -95.4% |
| Non-recurring operating income | 76A | - | €560 | +€560 | |
| Remuneration, social security and pensions | 62 | €245,090 | €257,648 | +€12,558 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,330 | €11,268 | +€938 | +9.1% |
| Other operating charges | 640/8 | €3,822 | €8,433 | +€4,611 | +120.6% |
| Gross operating margin | 9900 | €295,162 | €291,484 | -€3,678 | -1.2% |
| Operating profit (loss) | 9901 | €35,920 | €14,134 | -€21,785 | -60.7% |
| Financial income | 75/76B | €2 | €1,093 | +€1,091 | +57411.1% |
| Recurring financial income | 75 | €2 | €1,093 | +€1,091 | +57411.1% |
| Financial charges | 65/66B | €6,105 | €8,548 | +€2,443 | +40.0% |
| Recurring financial charges | 65 | €6,105 | €8,548 | +€2,443 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €29,817 | €6,679 | -€23,138 | -77.6% |
| Income taxes | 67/77 | €9,759 | €6,233 | -€3,526 | -36.1% |
| Profit (loss) for the period | 9904 | €20,058 | €446 | -€19,612 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,058 | €446 | -€19,612 | -97.8% |
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 10 October 2026 via checked.be.