GLOCOS: 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.
GLOCOS
Largest movements
- Tangible fixed assets -€26,821
down €26,821 (-5.3%), from €510,284 to €483,463
of which Land and buildings: -€22,640
- Cash +€9,639
up €9,639 (+31.9%), from €30,230 to €39,869
mainly Depreciation (+€30,570) and Net result for the year (+€22,687)
- Receivables within one year -€6,121
down €6,121 (-99.6%), from €6,145 to €24
- Debts after one year -€54,622
down €54,622 (-10.2%), from €533,755 to €479,133
- Profit (loss) carried forward +€22,687
up €22,687 (+58.0%), from -€39,116 to -€16,430
- Other debts +€8,273
up €8,273 (+1112.6%), from €744 to €9,016
- Tax, wage and social debts +€6,036
up €6,036 (+40892.8%), from €15 to €6,051
- Other operating charges -€11,079
down €11,079 (-73.8%), from €15,018 to €3,940
- Gross operating margin -€6,911
down €6,911 (-9.8%), from €70,471 to €63,560
- Depreciation +€1,097
up €1,097 (+3.7%), from €29,473 to €30,570
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.
Cash bridge derived
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 | €552,547 | €531,456 | -€21,091 | -3.8% |
| Fixed assets | 21/28 | €513,610 | €486,089 | -€27,521 | -5.4% |
| Intangible fixed assets | 21 | €3,326 | €2,626 | -€700 | -21.0% |
| Tangible fixed assets | 22/27 | €510,284 | €483,463 | -€26,821 | -5.3% |
| Land and buildings | 22 | €493,085 | €470,445 | -€22,640 | -4.6% |
| Plant, machinery and equipment | 23 | €12,518 | €7,444 | -€5,074 | -40.5% |
| Furniture and vehicles | 24 | €4,680 | €5,573 | +€893 | +19.1% |
| Current assets | 29/58 | €38,937 | €45,367 | +€6,430 | +16.5% |
| Stocks and contracts in progress | 3 | €1,740 | €1,675 | -€65 | -3.7% |
| Stocks | 30/36 | €1,740 | €1,675 | -€65 | -3.7% |
| Amounts receivable within one year | 40/41 | €6,145 | €24 | -€6,121 | -99.6% |
| Other amounts receivable | 41 | €6,145 | €24 | -€6,121 | -99.6% |
| Cash at bank and in hand | 54/58 | €30,230 | €39,869 | +€9,639 | +31.9% |
| Deferred charges and accrued income | 490/1 | €822 | €3,800 | +€2,978 | +362.3% |
| Total equity and liabilities | 10/49 | €552,547 | €531,456 | -€21,091 | -3.8% |
| Equity | 10/15 | -€28,616 | -€5,930 | +€22,687 | +79.3% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,116 | -€16,430 | +€22,687 | +58.0% |
| Amounts payable | 17/49 | €581,163 | €537,386 | -€43,778 | -7.5% |
| Amounts payable after more than one year | 17 | €533,755 | €479,133 | -€54,622 | -10.2% |
| Financial debts | 170/4 | €533,755 | €479,133 | -€54,622 | -10.2% |
| Amounts payable within one year | 42/48 | €32,380 | €45,189 | +€12,809 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €23,498 | €23,922 | +€424 | +1.8% |
| Trade debts | 44 | €8,124 | €6,201 | -€1,923 | -23.7% |
| Suppliers | 440/4 | €8,124 | €6,201 | -€1,923 | -23.7% |
| Taxes, remuneration and social security | 45 | €15 | €6,051 | +€6,036 | +40892.8% |
| Taxes | 450/3 | €15 | €6,051 | +€6,036 | +40892.8% |
| Other amounts payable | 47/48 | €744 | €9,016 | +€8,273 | +1112.6% |
| Accrued charges and deferred income | 492/3 | €15,029 | €13,064 | -€1,965 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,473 | €30,570 | +€1,097 | +3.7% |
| Other operating charges | 640/8 | €15,018 | €3,940 | -€11,079 | -73.8% |
| Gross operating margin | 9900 | €70,471 | €63,560 | -€6,911 | -9.8% |
| Operating profit (loss) | 9901 | €25,980 | €29,050 | +€3,071 | +11.8% |
| Financial income | 75/76B | €15 | €106 | +€92 | +622.0% |
| Recurring financial income | 75 | €15 | €106 | +€92 | +622.0% |
| Financial charges | 65/66B | €6,949 | €6,470 | -€480 | -6.9% |
| Recurring financial charges | 65 | €6,949 | €6,470 | -€480 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €19,045 | €22,687 | +€3,642 | +19.1% |
| Profit (loss) for the period | 9904 | €19,045 | €22,687 | +€3,642 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,045 | €22,687 | +€3,642 | +19.1% |
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 10 October 2026 via checked.be.