GLITCH_: 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.
GLITCH_
Largest movements
- Tangible fixed assets +€27,899
up €27,899 (+327%), from €8,523 to €36,423
of which Land and buildings: +€24,186
- Receivables within one year +€18,058
up €18,058 (+115%), from €15,730 to €33,788
- Cash -€11,548
down €11,548 (-17.8%), from €64,704 to €53,156
mainly Investment in fixed assets (net) (-€34,047) and Receivables within one year (-€18,058)
- Reserves +€39,930
up €39,930 (+82.0%), from €48,708 to €88,638
- Tax, wage and social debts -€4,490
down €4,490 (-13.8%), from €32,449 to €27,959
- Trade debts -€4,333
no longer reported in 2025 (was €4,333)
- Accrued charges and deferred income +€1,748
new in 2025: €1,748
- Other debts +€1,369
up €1,369 (+119%), from €1,153 to €2,521
- Gross operating margin -€8,465
down €8,465 (-11.5%), from €73,889 to €65,424
- Depreciation +€4,309
up €4,309 (+234%), from €1,838 to €6,147
- Taxes -€2,333
down €2,333 (-12.5%), from €18,706 to €16,373
- Other operating charges -€2,171
down €2,171 (-92.1%), from €2,358 to €187
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 | €89,143 | €123,367 | +€34,224 | +38.4% |
| Fixed assets | 21/28 | €8,523 | €36,423 | +€27,899 | +327% |
| Tangible fixed assets | 22/27 | €8,523 | €36,423 | +€27,899 | +327% |
| Land and buildings | 22 | €3,995 | €28,180 | +€24,186 | +605% |
| Plant, machinery and equipment | 23 | €2,600 | €4,241 | +€1,641 | +63.1% |
| Furniture and vehicles | 24 | €1,928 | €4,002 | +€2,073 | +108% |
| Current assets | 29/58 | €80,620 | €86,944 | +€6,325 | +7.8% |
| Amounts receivable within one year | 40/41 | €15,730 | €33,788 | +€18,058 | +115% |
| Trade receivables | 40 | €15,730 | €33,788 | +€18,058 | +115% |
| Cash at bank and in hand | 54/58 | €64,704 | €53,156 | -€11,548 | -17.8% |
| Deferred charges and accrued income | 490/1 | €186 | - | -€186 | |
| Total equity and liabilities | 10/49 | €89,143 | €123,367 | +€34,224 | +38.4% |
| Equity | 10/15 | €51,208 | €91,138 | +€39,930 | +78.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,708 | €88,638 | +€39,930 | +82.0% |
| Distributable reserves | 133 | €48,708 | €88,638 | +€39,930 | +82.0% |
| Amounts payable | 17/49 | €37,934 | €32,229 | -€5,706 | -15.0% |
| Amounts payable within one year | 42/48 | €37,934 | €30,481 | -€7,454 | -19.6% |
| Trade debts | 44 | €4,333 | - | -€4,333 | |
| Suppliers | 440/4 | €4,333 | - | -€4,333 | |
| Taxes, remuneration and social security | 45 | €32,449 | €27,959 | -€4,490 | -13.8% |
| Taxes | 450/3 | €32,449 | €27,959 | -€4,490 | -13.8% |
| Other amounts payable | 47/48 | €1,153 | €2,521 | +€1,369 | +119% |
| Accrued charges and deferred income | 492/3 | - | €1,748 | +€1,748 | |
| Remuneration, social security and pensions | 62 | €22 | - | -€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,838 | €6,147 | +€4,309 | +234% |
| Other operating charges | 640/8 | €2,358 | €187 | -€2,171 | -92.1% |
| Gross operating margin | 9900 | €73,889 | €65,424 | -€8,465 | -11.5% |
| Operating profit (loss) | 9901 | €69,670 | €59,090 | -€10,581 | -15.2% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €2,256 | €2,892 | +€636 | +28.2% |
| Recurring financial charges | 65 | €2,256 | €2,892 | +€636 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €67,414 | €56,303 | -€11,111 | -16.5% |
| Income taxes | 67/77 | €18,706 | €16,373 | -€2,333 | -12.5% |
| Profit (loss) for the period | 9904 | €48,708 | €39,930 | -€8,778 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,708 | €39,930 | -€8,778 | -18.0% |
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 13 October 2026 via checked.be.