Glo-Construct: 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.
Glo-Construct
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+381%), from €315,391 to €1.5m
- Receivables within one year +€82,870
up €82,870 (+380%), from €21,792 to €104,662
of which Other amounts receivable: +€42,993
- Debts after one year +€639,300
new in 2025: €639,300
- Trade debts +€366,943
up €366,943 (+618%), from €59,388 to €426,331
- Other debts +€251,260
up €251,260 (+170%), from €147,414 to €398,674
- Reserves +€17,351
up €17,351 (+23.0%), from €75,511 to €92,862
- Gross operating margin -€4,602
down €4,602 (-7.9%), from €58,046 to €53,444
- Other operating charges +€2,838
up €2,838 (+86.9%), from €3,267 to €6,105
- Taxes -€2,179
down €2,179 (-27.7%), from €7,878 to €5,699
- Financial income +€1,018
up €1,018 (+70.1%), from €1,454 to €2,472
- Financial charges -€1,018
down €1,018 (-9.2%), from €11,012 to €9,995
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 | €392,191 | €1,664,224 | +€1.3m | +324% |
| Fixed assets | 21/28 | €48,396 | €37,637 | -€10,758 | -22.2% |
| Tangible fixed assets | 22/27 | €48,396 | €37,637 | -€10,758 | -22.2% |
| Plant, machinery and equipment | 23 | €10,421 | €9,648 | -€773 | -7.4% |
| Furniture and vehicles | 24 | €8,917 | €2,715 | -€6,202 | -69.6% |
| Other tangible fixed assets | 26 | €29,058 | €25,275 | -€3,783 | -13.0% |
| Current assets | 29/58 | €343,795 | €1,626,586 | +€1.3m | +373% |
| Stocks and contracts in progress | 3 | €315,391 | €1,516,278 | +€1.2m | +381% |
| Stocks | 30/36 | €315,391 | €1,516,278 | +€1.2m | +381% |
| Amounts receivable within one year | 40/41 | €21,792 | €104,662 | +€82,870 | +380% |
| Trade receivables | 40 | €12,716 | €52,592 | +€39,877 | +314% |
| Other amounts receivable | 41 | €9,077 | €52,070 | +€42,993 | +474% |
| Cash at bank and in hand | 54/58 | €4,002 | €5,504 | +€1,502 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,609 | €141 | -€2,468 | -94.6% |
| Total equity and liabilities | 10/49 | €392,191 | €1,664,224 | +€1.3m | +324% |
| Equity | 10/15 | €77,511 | €94,862 | +€17,351 | +22.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €75,511 | €92,862 | +€17,351 | +23.0% |
| Distributable reserves | 133 | €75,511 | €92,862 | +€17,351 | +23.0% |
| Amounts payable | 17/49 | €314,680 | €1,569,361 | +€1.3m | +399% |
| Amounts payable after more than one year | 17 | - | €639,300 | +€639,300 | |
| Financial debts | 170/4 | - | €639,300 | +€639,300 | |
| Amounts payable within one year | 42/48 | €314,680 | €930,061 | +€615,382 | +196% |
| Current portion of amounts payable after more than one year | 42 | - | €5,056 | +€5,056 | |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €59,388 | €426,331 | +€366,943 | +618% |
| Suppliers | 440/4 | €59,388 | €426,331 | +€366,943 | +618% |
| Taxes, remuneration and social security | 45 | €7,878 | - | -€7,878 | |
| Taxes | 450/3 | €7,878 | - | -€7,878 | |
| Other amounts payable | 47/48 | €147,414 | €398,674 | +€251,260 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,426 | €13,499 | +€74 | +0.5% |
| Other operating charges | 640/8 | €3,267 | €6,105 | +€2,838 | +86.9% |
| Non-recurring operating charges | 66A | - | €3,267 | +€3,267 | |
| Gross operating margin | 9900 | €58,046 | €53,444 | -€4,602 | -7.9% |
| Operating profit (loss) | 9901 | €41,353 | €30,572 | -€10,781 | -26.1% |
| Financial income | 75/76B | €1,454 | €2,472 | +€1,018 | +70.1% |
| Recurring financial income | 75 | €1,454 | €2,472 | +€1,018 | +70.1% |
| Financial charges | 65/66B | €11,012 | €9,995 | -€1,018 | -9.2% |
| Recurring financial charges | 65 | €11,012 | €9,995 | -€1,018 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €31,795 | €23,050 | -€8,745 | -27.5% |
| Income taxes | 67/77 | €7,878 | €5,699 | -€2,179 | -27.7% |
| Profit (loss) for the period | 9904 | €23,917 | €17,351 | -€6,565 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,917 | €17,351 | -€6,565 | -27.5% |
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 14 October 2026 via checked.be.