GLITTERIN': 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.
GLITTERIN'
Largest movements
- Tangible fixed assets +€33,647
new in 2025: €33,647
- Cash +€6,626
up €6,626 (+36.2%), from €18,303 to €24,929
mainly Debts after one year (+€17,038) and Net result for the year (+€16,133)
- Receivables within one year +€1,271
up €1,271 (+17.1%), from €7,434 to €8,705
of which Trade receivables: +€1,264
- Deferred charges and accrued income +€731
up €731 (+822%), from €89 to €820
- Debts after one year +€17,038
new in 2025: €17,038
- Reserves +€16,000
up €16,000 (+178%), from €9,000 to €25,000
- Current portion of long-term debt +€4,413
new in 2025: €4,413
- Other debts +€1,913
up €1,913 (+67.1%), from €2,851 to €4,764
- Tax, wage and social debts +€1,873
up €1,873 (+23.4%), from €8,017 to €9,890
- Gross operating margin +€22,034
up €22,034 (+598%), from €3,687 to €25,721
- Taxes +€3,548
up €3,548 (+264%), from €1,343 to €4,891
- Depreciation +€3,143
new in 2025: €3,143
- Financial charges +€463
up €463 (+63.5%), from €730 to €1,193
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 | €25,827 | €68,101 | +€42,275 | +164% |
| Fixed assets | 21/28 | - | €33,647 | +€33,647 | |
| Tangible fixed assets | 22/27 | - | €33,647 | +€33,647 | |
| Furniture and vehicles | 24 | - | €33,647 | +€33,647 | |
| Current assets | 29/58 | €25,827 | €34,454 | +€8,628 | +33.4% |
| Amounts receivable within one year | 40/41 | €7,434 | €8,705 | +€1,271 | +17.1% |
| Trade receivables | 40 | €7,434 | €8,699 | +€1,264 | +17.0% |
| Other amounts receivable | 41 | €0 | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €18,303 | €24,929 | +€6,626 | +36.2% |
| Deferred charges and accrued income | 490/1 | €89 | €820 | +€731 | +822% |
| Total equity and liabilities | 10/49 | €25,827 | €68,101 | +€42,275 | +164% |
| Equity | 10/15 | €14,536 | €30,669 | +€16,133 | +111% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €25,000 | +€16,000 | +178% |
| Distributable reserves | 133 | €9,000 | €25,000 | +€16,000 | +178% |
| Profit (loss) carried forward | 14 | €536 | €669 | +€133 | +24.8% |
| Amounts payable | 17/49 | €11,291 | €37,432 | +€26,142 | +232% |
| Amounts payable after more than one year | 17 | - | €17,038 | +€17,038 | |
| Financial debts | 170/4 | - | €17,038 | +€17,038 | |
| Amounts payable within one year | 42/48 | €11,291 | €20,394 | +€9,104 | +80.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,413 | +€4,413 | |
| Trade debts | 44 | €422 | €1,327 | +€905 | +214% |
| Suppliers | 440/4 | €422 | €1,327 | +€905 | +214% |
| Taxes, remuneration and social security | 45 | €8,017 | €9,890 | +€1,873 | +23.4% |
| Taxes | 450/3 | €8,017 | €9,890 | +€1,873 | +23.4% |
| Other amounts payable | 47/48 | €2,851 | €4,764 | +€1,913 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,143 | +€3,143 | |
| Other operating charges | 640/8 | €326 | €362 | +€36 | +11.0% |
| Gross operating margin | 9900 | €3,687 | €25,721 | +€22,034 | +598% |
| Operating profit (loss) | 9901 | €3,362 | €22,216 | +€18,855 | +561% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €730 | €1,193 | +€463 | +63.5% |
| Recurring financial charges | 65 | €730 | €1,193 | +€463 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €2,632 | €21,024 | +€18,391 | +699% |
| Income taxes | 67/77 | €1,343 | €4,891 | +€3,548 | +264% |
| Profit (loss) for the period | 9904 | €1,289 | €16,133 | +€14,844 | +1,151% |
| Profit (loss) for the period to be appropriated | 9905 | €1,289 | €16,133 | +€14,844 | +1,151% |
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 17 October 2026 via checked.be.