GLIRO: 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.
GLIRO
Largest movements
- Tangible fixed assets -€30,824
down €30,824 (-10.4%), from €296,132 to €265,308
of which Other tangible fixed assets: -€37,673
- Cash +€9,711
up €9,711 (+9.1%), from €106,151 to €115,862
mainly Depreciation (+€46,930) and Net result for the year (+€32,169)
- Stocks and contracts +€9,187
up €9,187 (+8.2%), from €112,303 to €121,490
- Debts after one year -€38,403
down €38,403 (-18.0%), from €212,903 to €174,500
- Trade debts -€37,803
down €37,803 (-16.6%), from €228,020 to €190,217
- Profit (loss) carried forward +€32,169
up €32,169, from -€29,491 to €2,677
- Accrued charges and deferred income +€25,000
up €25,000 (+195.5%), from €12,790 to €37,790
- Other debts +€9,424
up €9,424 (+609.2%), from €1,547 to €10,971
- Gross operating margin +€86,298
up €86,298 (+305.4%), from €28,262 to €114,561
- Other operating charges +€17,376
up €17,376 (+1188.2%), from €1,462 to €18,838
- Depreciation +€5,900
up €5,900 (+14.4%), from €41,029 to €46,930
- Financial charges +€3,899
up €3,899 (+30.5%), from €12,762 to €16,661
- Staff costs -€2,500
down €2,500 (-100.0%), from €2,500 to €0
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 | €532,380 | €524,599 | -€7,781 | -1.5% |
| Fixed assets | 21/28 | €297,632 | €266,808 | -€30,824 | -10.4% |
| Tangible fixed assets | 22/27 | €296,132 | €265,308 | -€30,824 | -10.4% |
| Plant, machinery and equipment | 23 | €18,107 | €39,062 | +€20,955 | +115.7% |
| Furniture and vehicles | 24 | €27,789 | €13,684 | -€14,106 | -50.8% |
| Other tangible fixed assets | 26 | €250,236 | €212,563 | -€37,673 | -15.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €234,748 | €257,790 | +€23,043 | +9.8% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Stocks and contracts in progress | 3 | €112,303 | €121,490 | +€9,187 | +8.2% |
| Stocks | 30/36 | €112,303 | €121,490 | +€9,187 | +8.2% |
| Amounts receivable within one year | 40/41 | €10,629 | €9,883 | -€745 | -7.0% |
| Trade receivables | 40 | €189 | €1,041 | +€851 | +449.5% |
| Other amounts receivable | 41 | €10,439 | €8,843 | -€1,597 | -15.3% |
| Cash at bank and in hand | 54/58 | €106,151 | €115,862 | +€9,711 | +9.1% |
| Deferred charges and accrued income | 490/1 | €5,665 | €5,554 | -€110 | -1.9% |
| Total equity and liabilities | 10/49 | €532,380 | €524,599 | -€7,781 | -1.5% |
| Equity | 10/15 | €40,509 | €72,677 | +€32,169 | +79.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,491 | €2,677 | +€32,169 | |
| Amounts payable | 17/49 | €491,871 | €451,921 | -€39,950 | -8.1% |
| Amounts payable after more than one year | 17 | €212,903 | €174,500 | -€38,403 | -18.0% |
| Financial debts | 170/4 | €212,903 | €174,500 | -€38,403 | -18.0% |
| Amounts payable within one year | 42/48 | €266,178 | €239,631 | -€26,547 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €36,611 | €38,403 | +€1,792 | +4.9% |
| Trade debts | 44 | €228,020 | €190,217 | -€37,803 | -16.6% |
| Suppliers | 440/4 | €228,020 | €190,217 | -€37,803 | -16.6% |
| Taxes, remuneration and social security | 45 | - | €40 | +€40 | |
| Taxes | 450/3 | - | €40 | +€40 | |
| Other amounts payable | 47/48 | €1,547 | €10,971 | +€9,424 | +609.2% |
| Accrued charges and deferred income | 492/3 | €12,790 | €37,790 | +€25,000 | +195.5% |
| Remuneration, social security and pensions | 62 | €2,500 | €0 | -€2,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,029 | €46,930 | +€5,900 | +14.4% |
| Other operating charges | 640/8 | €1,462 | €18,838 | +€17,376 | +1188.2% |
| Gross operating margin | 9900 | €28,262 | €114,561 | +€86,298 | +305.4% |
| Operating profit (loss) | 9901 | -€16,729 | €48,793 | +€65,522 | |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €12,762 | €16,661 | +€3,899 | +30.5% |
| Recurring financial charges | 65 | €12,762 | €16,661 | +€3,899 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,491 | €32,208 | +€61,700 | |
| Income taxes | 67/77 | - | €40 | +€40 | |
| Profit (loss) for the period | 9904 | -€29,491 | €32,169 | +€61,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,491 | €32,169 | +€61,660 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.