GLOCOMMO: 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.
GLOCOMMO
Largest movements
- Receivables after one year +€5.4m
up €5.4m (+904%), from €602,591 to €6.0m
- Receivables within one year -€76,194
down €76,194 (-75.9%), from €100,365 to €24,171
of which Trade receivables: -€76,230
- Cash +€73,976
up €73,976 (+443%), from €16,704 to €90,681
mainly Contributions, distributions and other (+€5.4m) and Net result for the year (+€84,338)
- Deferred charges and accrued income +€70,485
up €70,485 (+34,248%), from €206 to €70,691
- Contributions +€5.4m
up €5.4m (+27,227%), from €20,000 to €5.5m
- Reserves +€84,338
up €84,338 (+12.4%), from €678,821 to €763,160
- Financial income +€70,485
up €70,485 (+34,248%), from €206 to €70,691
of which Financial income: +€70,485
- Taxes +€17,114
up €17,114 (+114%), from €14,948 to €32,063
- Gross operating margin +€1,878
up €1,878 (+4.1%), from €45,364 to €47,242
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 | €721,078 | €6,234,421 | +€5.5m | +765% |
| Fixed assets | 21/28 | €1,212 | €746 | -€467 | -38.5% |
| Tangible fixed assets | 22/27 | €1,212 | €746 | -€467 | -38.5% |
| Furniture and vehicles | 24 | €1,212 | €746 | -€467 | -38.5% |
| Current assets | 29/58 | €719,866 | €6,233,676 | +€5.5m | +766% |
| Amounts receivable after more than one year | 29 | €602,591 | €6,048,134 | +€5.4m | +904% |
| Other amounts receivable | 291 | €602,591 | €6,048,134 | +€5.4m | +904% |
| Amounts receivable within one year | 40/41 | €100,365 | €24,171 | -€76,194 | -75.9% |
| Trade receivables | 40 | €83,490 | €7,260 | -€76,230 | -91.3% |
| Other amounts receivable | 41 | €16,875 | €16,911 | +€36 | +0.2% |
| Cash at bank and in hand | 54/58 | €16,704 | €90,681 | +€73,976 | +443% |
| Deferred charges and accrued income | 490/1 | €206 | €70,691 | +€70,485 | +34,248% |
| Total equity and liabilities | 10/49 | €721,078 | €6,234,421 | +€5.5m | +765% |
| Equity | 10/15 | €698,821 | €6,228,497 | +€5.5m | +791% |
| Contributions | 10/11 | €20,000 | €5,465,337 | +€5.4m | +27,227% |
| Reserves | 13 | €678,821 | €763,160 | +€84,338 | +12.4% |
| Distributable reserves | 133 | €678,821 | €763,160 | +€84,338 | +12.4% |
| Amounts payable | 17/49 | €22,256 | €5,925 | -€16,332 | -73.4% |
| Amounts payable within one year | 42/48 | €22,256 | €5,925 | -€16,332 | -73.4% |
| Trade debts | 44 | €0 | €1,592 | +€1,592 | |
| Suppliers | 440/4 | €0 | €1,592 | +€1,592 | |
| Taxes, remuneration and social security | 45 | €22,256 | €4,333 | -€17,924 | -80.5% |
| Taxes | 450/3 | €22,256 | €4,333 | -€17,924 | -80.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €467 | +€279 | +149% |
| Other operating charges | 640/8 | €736 | €915 | +€180 | +24.4% |
| Gross operating margin | 9900 | €45,364 | €47,242 | +€1,878 | +4.1% |
| Operating profit (loss) | 9901 | €44,441 | €45,860 | +€1,419 | +3.2% |
| Financial income | 75/76B | €206 | €70,691 | +€70,485 | +34,248% |
| Recurring financial income | 75 | €206 | €70,691 | +€70,485 | +34,248% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €250 | €150 | -€100 | -40.0% |
| Recurring financial charges | 65 | €250 | €150 | -€100 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €44,396 | €116,401 | +€72,004 | +162% |
| Income taxes | 67/77 | €14,948 | €32,063 | +€17,114 | +114% |
| Profit (loss) for the period | 9904 | €29,448 | €84,338 | +€54,890 | +186% |
| Profit (loss) for the period to be appropriated | 9905 | €29,448 | €84,338 | +€54,890 | +186% |
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 24 October 2026 via checked.be.