GLITERRE: 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.
GLITERRE
Largest movements
- Tangible fixed assets +€166,176
up €166,176 (+8.3%), from €2.0m to €2.2m
of which Land and buildings: +€103,826
- Cash +€41,794
up €41,794 (+654%), from €6,389 to €48,183
mainly Other debts (+€273,764) and Depreciation (+€26,982)
- Other debts +€273,764
up €273,764 (+282%), from €97,000 to €370,764
- Profit (loss) carried forward -€62,908
down €62,908 (-185%), from -€33,940 to -€96,848
- Depreciation +€25,820
up €25,820 (+2,222%), from €1,162 to €26,982
- Gross operating margin -€12,699
down €12,699 (-71.9%), from -€17,651 to -€30,351
- Financial charges +€2,816
up €2,816 (+1,671%), from €169 to €2,985
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 | €2,022,844 | €2,253,216 | +€230,372 | +11.4% |
| Fixed assets | 21/28 | €2,008,752 | €2,174,928 | +€166,176 | +8.3% |
| Tangible fixed assets | 22/27 | €2,008,752 | €2,174,928 | +€166,176 | +8.3% |
| Land and buildings | 22 | €1,898,591 | €2,002,417 | +€103,826 | +5.5% |
| Plant, machinery and equipment | 23 | - | €96,979 | +€96,979 | |
| Furniture and vehicles | 24 | €110,161 | €75,532 | -€34,629 | -31.4% |
| Current assets | 29/58 | €14,092 | €78,288 | +€64,196 | +456% |
| Stocks and contracts in progress | 3 | €4,009 | €7,493 | +€3,484 | +86.9% |
| Stocks | 30/36 | €4,009 | €7,493 | +€3,484 | +86.9% |
| Amounts receivable within one year | 40/41 | €3,630 | €19,060 | +€15,430 | +425% |
| Trade receivables | 40 | €3,630 | €12,487 | +€8,857 | +244% |
| Other amounts receivable | 41 | - | €6,572 | +€6,572 | |
| Cash at bank and in hand | 54/58 | €6,389 | €48,183 | +€41,794 | +654% |
| Deferred charges and accrued income | 490/1 | €64 | €3,552 | +€3,488 | +5,467% |
| Total equity and liabilities | 10/49 | €2,022,844 | €2,253,216 | +€230,372 | +11.4% |
| Equity | 10/15 | €1,856,060 | €1,793,152 | -€62,908 | -3.4% |
| Contributions | 10/11 | €1,890,000 | €1,890,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,940 | -€96,848 | -€62,908 | -185% |
| Provisions and deferred taxes | 16 | €3,630 | - | -€3,630 | |
| Provisions for liabilities and charges | 160/5 | €3,630 | - | -€3,630 | |
| Other liabilities and charges | 164/5 | €3,630 | - | -€3,630 | |
| Amounts payable | 17/49 | €163,154 | €460,064 | +€296,910 | +182% |
| Amounts payable after more than one year | 17 | €43,769 | €53,836 | +€10,067 | +23.0% |
| Financial debts | 170/4 | €43,769 | €53,836 | +€10,067 | +23.0% |
| Amounts payable within one year | 42/48 | €119,385 | €406,228 | +€286,843 | +240% |
| Current portion of amounts payable after more than one year | 42 | €6,231 | €27,766 | +€21,535 | +346% |
| Trade debts | 44 | €16,154 | €7,698 | -€8,457 | -52.3% |
| Suppliers | 440/4 | €16,154 | €7,698 | -€8,457 | -52.3% |
| Other amounts payable | 47/48 | €97,000 | €370,764 | +€273,764 | +282% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €26,982 | +€25,820 | +2,222% |
| Other operating charges | 640/8 | €2,516 | €2,591 | +€75 | +3.0% |
| Gross operating margin | 9900 | -€17,651 | -€30,351 | -€12,699 | -71.9% |
| Operating profit (loss) | 9901 | -€21,329 | -€59,923 | -€38,594 | -181% |
| Financial charges | 65/66B | €169 | €2,985 | +€2,816 | +1,671% |
| Recurring financial charges | 65 | €169 | €2,985 | +€2,816 | +1,671% |
| Profit (loss) for the period before taxes | 9903 | -€21,497 | -€62,908 | -€41,410 | -193% |
| Profit (loss) for the period | 9904 | -€21,497 | -€62,908 | -€41,410 | -193% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,497 | -€62,908 | -€41,410 | -193% |
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 21 October 2026 via checked.be.